Warren Buffett Wants Everyone To See This Chart On Taxes

We’re liveblogging Warren Buffett’s appearance on CNBC this morning.

The Oracle brought along a chart of US Tax Revenue as a fraction of GDP by component.

Buffett points out that individual income taxes (blue) haven’t changed much. Payroll taxes (yellow) have gone from a small part of GDP up dramatically. Corporate taxes (red) have decline steadily. Taxes shouldn’t be a big issue for corporate competitiveness judging by this chart.

Buffett also notes that advocates of corporate competitiveness rarely talks about how high CEO salaries are in America.

chart

Now check out the highlights from Buffett’s annual letter >

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