27th
Rich People Pay Less Taxes As A Percentage Of Their Income
Not too long ago, Warren Buffet issued a challenge to the other folks on the “richest persons” lists — that his wealthy colleagues (in the US) pay less taxes, as a percentage of their income, than their “secretaries” do. Buffet said he’d donate $1 million to charity if a significant number of them admitted to that assertion…. That got me to wonder: how do these “lists of rich people” get created? The “news” that Bill Gates is (again) the world’s richest person was based on public data and estimates of his net worth, so these lists probably aren’t entirely accurate. But in any case, could public data actually prove that a significant number of the richest people actually do pay less taxes as a percentage of their income than the average executive assistant…?
