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There is a thread over at the Berkshire Board that looked at the recent disclosure by Warren Buffett of his tax bill. No particulars, but his federal taxes are about 11% of AGI.

The thread:

It made me look at my own bill and it was a lot lower, as a percentage of AGI, than mine.

His massive charitable contributions come to mind, but with AMT and donation caps I still don't understand.

Would any of the experts here care to speculate?


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