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A comment on What happens when a culture is driven by the need for money to make more money. Parent comment

Re:What happens when a culture is driven by the need for mon... by sumedh on Wednesday November 11, 2015 @10:48PM (#10551197)
> "the rich don't pay taxes because of their fancy lawyers and accountants" generally turns out to be false.

So why does Buffett keep on saying that he pays low taxes compared to his secretary?

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Re:What happens when a culture is driven by the need for mon... by kspaans on Wednesday November 11, 2015 @11:23PM (#10551294)
Short explanation: capital gains, dividend income is taxed less than normal (wage, salary, etc) income. And I believe Buffett means that he pays a lower effective tax rate than his secretary, not fewer taxes in absolute terms.
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