On Billionaires, Secretaries And Taxes

Steven Pearlstein, Washington Post
Sat, 11/26/2011 - 3:11pm

This past summer, billionaire Warren Buffett dusted off an old line about how his secretary pays a higher tax rate than he does, and ever since there’s been a running debate over tax fairness. The reason Buffett’s overall tax rate may be lower than his secretary’s is because nearly all of his income comes in interest payments, dividends and profits on the sale of stocks and bonds known as capital gains.

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Topics:  warren buffett   george w bush    buffett s   read   buffett s   tax   rate   secretary   income   
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