Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary?

Though the tax code has certainly evolved through the years (it recently underwent a major overhaul via the Tax Cuts and Jobs Act of 2017), one thing has remained almost constant: It's said to favor the wealthy. And it's not just average Americans who feel that way. Through the years, famed investor and billionaire Warren Buffett has criticized the tax system and made it clear that he feels that the wealthy should be paying more. In a famous interview, Buffett expressed frustration with the fact that he actually pays a lower tax rate on his income than his secretary.

In a 2007 interview, Buffett explained that he took a survey of his employees and compared their tax rates to his. All told, he found that while he paid a total tax rate of 17.7%, the average tax rate for people in his office was 32.9%.

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Source Fool.com