Friday, 14 October 2011

of warren buffet revealed his gross income ... $62.8 million

Buffett Shares His Income Figures With Supercommittee: Warren Buffet earned $62.8 million in 2010.
Warren Buffett's 2010 adjusted gross income was $62,855,038 – $39,814,784 of which was taxable – and he paid only $6,938,744 in taxes, good for 17.4 percent of his taxable income.

The billionaire investor who has urged Congress to increase taxes on the ultra-rich revealed those figures to the congressional supercommitte tasked with finding more than $1 trillion in deficit savings over the next decade. Buffett said he’d go one step further and release his full federal tax returns if the panel could convince other wealthy Americans to do the same.

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