That doesn't actually follow, since average tax rates increase as you earn more.
Specifically top 1% average rate is 27% while top 0.001 - 24%.
The other aspect is long term capital gains rate. Raising that has historically hurt capital formation, which, while it hurts those at the top, creates situations like the late 70’s for the rest of the population.
DRD is when a company, in this case Bershire Hathaway, received a dividend payment from a company they owned, Bershire can exempt up to 80% of the dividend from the income tax.
I love Buffett dearly and I think he is a great person. But when it come to tax, he is a hypocrite.
https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...
> According to US economist Joseph Stiglitz the richest 1% of Americans gained 93% of the additional income created in 2010.[44][45] A study by Emmanuel Saez and Piketty showed that the top 10 percent of earners took more than half of the country’s total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago.[46] People in the top one percent were three times more likely to work more than 50 hours a week, were more likely to be self-employed, and earned a fifth of their income as capital income.[47] The top one percent was composed of many professions and had an annual turnover rate of more than 25%.[48] The five most common professions were managers, physicians, administrators, lawyers, and teachers.[47]
Did you read what I linked or just read the title? There's literally an entire section on the topic of income inequality, but nobody took even the time to read the subsection headers let alone the actual section?