@rbreich
And then there are deductions and loopholes that reduce their taxes so much that Warren Buffett, for example, pays a lower tax rate than his secretary.

In 2008, top 400 richest Americans (income > $110,000,000) paid only 18% of their income in income taxes.

#BuffettRule

https://obamawhitehouse.archives.gov/sites/default/files/Buffett_Rule_Report_Final.pdf