Ad Box 01 - HTML1

Logo - HTML2

Small Menu - HTML3

Search - HTML4

Ad Box 2 - HTML8

Recent Posts Slider - HTML22

Mr. Buffett's secretary is one of "them"

It all started in August, when Buffett wrote an op-ed for the New York Times in which he said last year his federal tax bill was $6,938,744, only 17.4 percent of his taxable income. That is lower than what the other 20 people in his office paid, which ranged from 33 percent to 41 percent and averaged 36 percent.

This isn’t hard to believe, given that the lion’s share of Mr. Buffett’s income would be from dividends and capital gains that are taxed at a 15% rate. The assumption is that the folks in his office are primarily W2 wage earners, although they probably also have a significant amount of income from investments in the Berkshire Hathaway company as well.