change our nation s tax policy based on his claim. i ll trade my tax returns for his tax returns and we ll compare them then make a discussion about tax policy after we see them. congressman huelskamp followed that up by a letter to warren buffett with a i ll show you mine if you she ow me yours proposal. this letter was publicly released today. the statistics published by the irs, assembled by the congressional research service available to every congressman which show that the 400 highest income americans, the 400 highest income americans whose income averaged $227 million each, paid only 21.4% in federal income taxes. that s 14% below the actual top tax bracket rate. the federal government has the
so buffett has hit the ball back over. so buffett went on to point out that, if you look at the statistics that are published by the irs, it shows the 400 highest income americans whose incomes average $227 million each paid 21.4% of federal taxes, 14% below the actual top rate. what was warren buffett paying? about 17%. so warren buffett pays a 17% tax rate. good for him, isn t it? we ve known this for a while. we knew his taxes. he never disclosed his income. from his taxes you could figure out his income. i know you talked a lot about account tantsz and lawyers and all this stuff. this is not complicated. a $100 from pensacola could have done these taxes. i m sorry, was that a jab? are you going after my hometown where are you from yankee boy? that s a need-to-know basis.
i ll trade my tax returns for his tax returns and we ll compare them then make a discussion about tax policy after we see them. congressman huelskamp followed that up by a letter to warren buffett with a i ll show you mine if you show me yours proposal. this letter was publicly released today. the statistics published by the irs, assembled by the congressional research service available to every congressman which show that the 400 highest income americans, the 400 highest income americans whose income averaged $227 million each, paid only 21.4% in federal income taxes. that s 14% below the actual top tax bracket rate.
$39,814,784. and my federal income tax, which is line 60, was $6,923,494. in addition, my payroll taxes were $15,300. kind of like watching the tennis match. yeah. so buffett sees the ball back over. so buffett went on to point out that if you look at the statistics that are published by the irs, it shows that the 400 highest-income americans whose incomes average $227 million each paid 21.4% of federal taxes. 14% below the actual top rate. what was warren buffett paying? about 17%. ah. so warren buffett pays a 17% tax good for him, isn t it? so we have known this for a while. we actually knew his taxes. he never disclosed his income, but from his taxes you could figure it out. be that as it may, i know you have talked a lot about accountants and lawyers and all this stuff. this is not complicated. $100 an hour accountant from
show us the proof. if mr. buffett came before my budget committee, we d expect to see the information under oath and that s a reasonable expectation if we re going to change our nation s tax policy based on his claim. i ll trade my tax returns for his tax returns and we ll compare them then make a discussion about tax policy after we see them. congressman huelskamp followed that up by a letter to warren buffett with a i ll show you mine if you show me yours proposal. this letter was publicly released today. the statistics published by the irs, assembled by the congressional research service available to every congressman which show that the 400 highest income americans, the 400 highest income americans whose income averaged $227 million