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If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Office
Whomever
Around
Payroll
Look
Accounting
Looks
Secretary
Paying
Lower
Rate
Taxes
Forbes

More quotes by Warren Buffett

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Turnarounds seldom turn.
Warren Buffett
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An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
Warren Buffett
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Traditional wisdom is long on tradition and short on wisdom.
Warren Buffett
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We continue to make more money when snoring than when active.
Warren Buffett
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
Warren Buffett
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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
Warren Buffett
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I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.
Warren Buffett
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I've never been very fully employed either.
Warren Buffett
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There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
Warren Buffett
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The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
Warren Buffett
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This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
Warren Buffett
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Emotional makeup is more important than technical skill
Warren Buffett
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If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.
Warren Buffett
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Success in investing doesn’t correlate with I.Q. Once you are above the level of 25 once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
Warren Buffett
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Mr. Market is your servant, not your guide.
Warren Buffett
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We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.
Warren Buffett
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It's class warfare, my class is winning, but they shouldn't be.
Warren Buffett
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I never try to predict the market.
Warren Buffett
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Wall Street makes its money on activity. You make your money on inactivity.
Warren Buffett
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The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
Warren Buffett