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'Absurd!': US Billionaires Pay Lower Tax Rate Than Working Class for First Time
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this post was submitted on 04 May 2024
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For the FIRST time? Yeah, no. How about ALL the time?
Did you see a flaw in the analysis? Not sure what you mean
This is something Warren Buffet has been complaining about for years. It's not exactly a new development.
He’s talked about not paying his fair share. I don’t recall him ever saying “billionaires literally pay a lower effective tax rate”.
From 2012:
https://abcnews.go.com/blogs/business/2012/01/warren-buffett-and-his-secretary-talk-taxes
"Buffett's secretary since 1993, Debbie Bosanek, sat next to her boss just hours after being invited by the president to the State of the Union address, where the president made her the face of tax inequality in America.
Bosanek pays a tax rate of 35.8 percent of income, while Buffett pays a rate at 17.4 percent."
Idk, I’m not seeing anything there that he acknowledged he paid a lower rate than the average American. He was just contrasting himself with one person. He didn’t say “rich people have a lower effective tax rate than everyone else”. He just says “I have a lower tax rate than this one other person”.
It means that methodologically collected data is less accurate than popular sentiment.