Billionaires Pay a 4.8% Tax Rate. A New Bill Wants to Fix the Math, Not the Bracket.
Warren Buffett’s secretary has paid a higher tax rate than Warren Buffett for years now, and somehow that’s still true in 2026. It’s not because the tax code has a soft spot for old men who like Cherry Coke — it’s because the way the ultra-rich actually get paid barely resembles a paycheck, and the …