Thursday, October 13, 2011

Warren Buffett made $62,855,038 last year...

And still is fighting over billions in taxes owed...why's he fighting them if he wants everyone to pay MORE.....

He said in an interview that the roughly $23 million difference between his AGI and taxable income was due largely to deductions he took for charitable giving and local taxes.

Two key reasons he only paid 17.4%, however, is because a lot of his income came from investments, which are taxed at a lower rate than wages, and because payroll taxes are assessed only on wage income.

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