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"If that person's on a 5% royalty, they're not suddenly going to start earning lots of money," he said, referring to the new deal.
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"From the perspective of somebody who's been running a campaign to try and get these companies to behave more ethically and transparently, it feels like a win," he told the BBC.


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Buffett did something in that article that few Americans do: He publicly revealed how much he had paid in personal federal taxes the previous year ($6.9 million). Separately, Forbes estimated his fortune had risen $3 billion that year. Using that information, an observer could have calculated his true tax rate; it was 0.2%. But then, as now, the discussion that ensued on taxes was centered on the traditional income tax rate.