Tim Knowles
Jul 12, 2021

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This is untrue and unfair.

"He borrowed billions to invest, almost for free, made a fortune, and didn’t pay any tax."

How is $24 million in taxes paid, not paying any taxes.

Of the billionaires who's taxes were recently revealed, Buffett paid the most in taxes and at the highest tax rate, he paid a considerable income taxes.

He received $125 million of income and paid $24 million in taxes, that is more than a 19% tax rate.

Yes, his net worth increased much more than that but just like my home and retirement investments have increased in value, they aren't taxed until they are cashed out. Nothing evil about that.

TEK

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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