Image via WikipediaThe Atlantic reports that Buffett released his returns earlier today. He reported $63M in adjusted gross income (AGI), had $40M in taxable income (AGI less exemptions and itemized deductions like donations to charity), and paid $7M in income taxes (and $15K in payroll taxes). That's his tax rate of 17.4%.I'm frankly surprised Buffett had the income that he did, given Berkshire's refusal to pay dividends. Given Buffett's long-standing refusal to pay himself a multimillion dollar salary, he must have liquidated significant stock.
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