CNN has just reported that Warren Buffet has just released his tax return for 2010. He only payed 17.4% in taxes after having made $62,855,038 last year. Gulp!
Update #1: Report just came out that shows 1 out of 4 people who make over a million dollars pay less taxes than the middle class.
http://www.washingtonpost.com/...
A quarter of millionaires in the United States pay a smaller share of their income in federal taxes than many middle-class families, according to a new congressional analysis that offers fresh support for President Obama’s push to raise taxes on the nation’s wealthiest households.