Detailed text transcripts for TV channel - CNN - 20161011:09:18:00
Million. he took $5.5 million in deductions. federal income tax bill was $1.9 million. 16% was his tax rate in 2015. the top bracket is 39.6%. buffett pays mostly capital gains tax. this is the buffett rule to force millionaires to pay a minimum of 30% of income taxes. >> 72 years. warren buffett saved his tax returns for 72 years? when he was a kid? >> i have my first tax return. >> what is wrong with you? >> i was 14. >> i have mine. the chicago cubs one win away from advancing to the national league championship series. they blew their chance last night. they dropped a game to the dodgers...