One-Fourth of Millionaires May Break ‘Buffett Rule’

One-Fourth of Millionaires May Break ‘Buffett Rule’

The findings put the U.S. tax system in conflict with the so-called Buffett Rule, which says households making more than $1 million annually shouldn’t pay a smaller share of their income in taxes than middle class families, says the report, which analyzed 2006 Internal Revenue Service data. Photographer Jemal Countess/Getty Images for Time Inc.