Abstract
It seems like politicians never tire of discussing whether the rich pay their fair share of taxes. In the 2012 election, there was much discussion in the political arena about the fact that Warren Buffett (one of the wealthiest people in the world) pays taxes at a lower marginal rate than his secretary. “How can a man who is worth billions and earns millions every year have a lower tax rate than his middle-class secretary?” they would say. “What tricks do his accountants and attorneys use to get his taxes so low? What secrets do they know?”
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsAuthor information
Authors and Affiliations
Rights and permissions
Copyright information
© 2014 M. Casey Murdock
About this chapter
Cite this chapter
Murdock, M.C. (2014). Income. In: TAX INSIGHT. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-0629-4_3
Download citation
DOI: https://doi.org/10.1007/978-1-4842-0629-4_3
Published:
Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4842-0630-0
Online ISBN: 978-1-4842-0629-4
eBook Packages: Business and EconomicsBusiness and Management (R0)Apress Access Books