Oracle of Omaha
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- June
- 27
Should you be wondering, billionaire investor Warren Buffett earned $46 million last year.
And he paid a lower tax rate than others in the offices of Berkshire Hathaway Inc., of which he is chairman, including those who made $60,000.
His tax rate was 17.7 percent. The average in his office was 33.9 percent, about a third of the others’ income.
If you don’t think that’s fair, he doesn’t either. He thinks the tax code needs to be revised.
Buffett disclosed his income last night at a fundraiser for Hillary Clinton where he helped to raise $1 million for her presidential race.
Buffett hasn’t endorsed anyone for the race, but according to an account from The Associated Press, he told guests at a dinner that Clinton was “the person to run the country.”
He has also said he would help Barack Obama raise money.
This entry was posted
on Wednesday, June 27th, 2007 at 4:23 pm by Noreen O'Donnell.
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