Warren Buffett stated that he paid an effective taxrate that was lower than his...

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Accounting

Warren Buffett stated that he paid an effective taxrate that was lower than his secretary. This assertion is probablytrue. Why? Will that assertion remain true after the fullimplementation of the December tax reform law? Please providereferences if you copy anything.

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In 2011 as reported by NYT Buffet paid just 1740 effective income tax rate while his employees were paying on an average 36 income tax rate The reason for the parity is the differnce in See Answer

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In: AccountingWarren Buffett stated that he paid an effective taxrate that was lower than his secretary....Warren Buffett stated that he paid an effective taxrate that was lower than his secretary. This assertion is probablytrue. Why? Will that assertion remain true after the fullimplementation of the December tax reform law? Please providereferences if you copy anything.