Wednesday, June 27, 2007
Interesting report from the Hillary Clinton fundraiser last night: Warren Buffet complained that he paid a 17.7% tax rate on his $46 million of taxable income in 2006, while his employees paid an average 32.9% tax rate (his receptionist's tax rate was 30%).
Update: For additional commentary, see
- Citizens for Tax Justice, Buffett: The Rich Pay Too Little
- CNN: Buffet Talks Tax Reform with Sen. Clinton
- Mankiw's Blog, Mr. Buffett's Tax Bill
- Times On Line: Buffett Blasts System that Lets Him Pay Less Tax Than Secretary