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Effective Individual Income Tax Rate: Lowest Quintile: -6.5% 2nd Lowest: -1.0% Middle Quintile: 3.0% Fourth Quintile: 6.0% Highest Quintile: 14.1% Top 1%: 19.4% While Buffett’s effective tax rate is pretty low, it’s average for his tax bracket and quite high compared to the effective tax rate for most of America. The other issue constantly pointed [...]
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