Wall Street Journal Total Return Blog, Dissecting Warren Buffett’s Taxes, Part Two, by Laura Saunders:
Last week Warren Buffett released information from his own tax return to help build his case that the ultrarich often pay taxes at a lower rate than those who earn far less. … Yesterday the experts speculated about details of Buffett’s tax return. Today we address broader questions. …
- How do the numbers Buffett released compare with those of other ultrarich taxpayers?
- Buffett received a salary of only $100,000 from Berkshire Hathaway. Shouldn’t the IRS object because it’s so low?
- Why did Buffett say he paid 15.3% of his $100,000 salary in payroll taxes in 2010? Wasn’t the figure 7.65%?
- How much does Warren Buffett’s secretary earn?
