Quote of the day by Warren Buffett on taxes: 'People at high end should be paying a lot more...'

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Warren Buffett, worth $143 billion, argues billionaires are undertaxed and the system favors them. At Berkshire Hathaway's 2024 shareholder meeting, he noted his company paid $5 billion in federal taxes at a 21% rate. Buffett has consistently advocated for higher taxes on the wealthy despite his own substantial wealth and has paid federal income taxes annually since age 14 in 1944.

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