http://www.cato-at-liberty.org/warre...tory-is-bogus/
Mr. Buffett pays 35% on his income. His “effective average tax rate” is way lower because most of his income comes from capital gains that had already been taxed, (you can't double tax income) or from income that is not taxed or has reduced taxes because the government wants people to invest their money in those areas and uses lower tax rates on those things as an incentive.
His secretary pays 15% on her income of the reported 60,000 per year salary.
When stuff like that seems unreasonable - it usually is...
Jim