Should Billionaires Pay Lower Taxes Than You Do?

Warren Buffett complains that he only paid the government 17.4% of his income last year and calls for investors to pay more

Billionaire investor Warren Buffett wants to pay more money in taxes. He also thinks that other rich investors like him aren't paying their fair share. In order to level the playing field, he wants to see the tax code reformed so that investments don't receive such favorable tax treatment. Let's look at the logic behind taxing investors so little, and whether there are some sensible reforms to make here.

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