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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
Look
Accounting
Looks
Secretary
Paying
Lower
Rate
Taxes
Forbes
Office
Whomever
Around
Payroll

More quotes by Warren Buffett

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A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
Warren Buffett
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Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.
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Growth and value investing are joined at the hip.
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
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I get to do what I like to do every single day of the year.
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If you don't find a way to make money while you sleep, you will work until you die.
Warren Buffett
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
Warren Buffett
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
Warren Buffett
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
Warren Buffett
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I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
Warren Buffett
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We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
Warren Buffett
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Never depend on single income. Make investment to create a second source.
Warren Buffett
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I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
Warren Buffett
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The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
Warren Buffett
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
Warren Buffett
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Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.
Warren Buffett
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What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
Warren Buffett
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... the best way to own common stocks is through an index fund.
Warren Buffett
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
Warren Buffett