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Warren Buffett says ‘Tax the Rich!’

One of the richest men in the world has called for increases in US top-rate tax in the New York Times.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Pretty incredible.

Posted in Tax Dodges.