Buffett is a deliberately misleading example used by the Dems.
Buffett’s wealth is largely in Berkshire Hathaway stock, which does not pay a dividend. He only gets about $100K in wage income. Most of his income is from dividends and interest from his non-Berkshire assets. It’s likely that his assistant makes more in wage income from Berkshire than he does.
So he pays 15% on his dividend income (of course, the companies paying the dividends already paid taxes on the payout twice), and interest is treated as ordinary income.
I don’t know what Buffett’s actual income was last year, but I wouldn’t be surprised if it’s much lower than the typical robber-baron’s. Many of the perks he enjoys can be written off as business expenses for Berkshire.
She probably owns a million or two (at least) in Berkshire Hathaway stock so her main source of income might be taxed at 15% too`
Where is her tax return to prove anything Buffet and Bammy Boy are saying