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Also, Buffets effective tax rate is lower than his secretary's tax rate. The gap between the rich and poor is growing, and has been doing so since 1980. r > g

• throwaway0a5e 6y ago
  >Also, Buffets effective tax rate is lower than his secretary's tax rate. That should be a lesson in how much of our taxation system is regressive not a lesson on how little Buffet is taxed. Buffet and his secretary both pay a couple hundred dollars of tax to register their used cars or a couple dollars of tax on a pack of smokes or a couple tens of dollars fee for some government service or a buck here and there for toll roads and those things are a much larger fraction of the secretary's income. The less you make the more these "fixed fee" taxes screw you.