All Commentary
Tuesday, January 24, 2012

Taxation 101

Is it asking too much for reporters to know the difference between taxes paid and the percentage of income paid in taxes? Despite what the reporters imply, Warren Buffett did not pay less in taxes than his secretary, even if he paid a smaller percentage of his income in taxes.

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.