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Warren Buffett,the noted stock market investor,and world's second richest man has noted:
A) his average tax rate is lower than his secretary.
B) his world ranking would increase substantially if taxes were lower $20,000
C) his taxes were so high that he was supporting the government by himself.
D) his wealth was very high because of the low tax rates enjoyed by the rich.
Warren Buffett
An American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway, known for his successful investment strategies.
Average Tax Rate
The percentage of taxable income that is paid in taxes; taxes paid divided by taxable income.
Stock Market Investor
An individual or entity that allocates capital with the expectation of receiving financial returns in the stock market.
- Recognize the impact of tax policies on different income groups, including the economic behaviors it incentivizes.
- Understand the societal and economic implications of tax policies on wealth distribution and government funding.
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Learning Objectives
- Recognize the impact of tax policies on different income groups, including the economic behaviors it incentivizes.
- Understand the societal and economic implications of tax policies on wealth distribution and government funding.
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