4 Easy Ways Warren Buffett Saves On His Taxes
1) Investments aren’t the same as income Last year, Buffett reported $11.6 million in gross income and paid $1.85 million in federal income taxes. His 16% tax rate already sounds low, but consider that his net worth increased by $12 billion in 2016. His actual tax rate is a minuscule 0.002%. The reason he pays such a low rate is because capital gains and dividends, or income from investments, are taxed lower than earned income....