Warren Buffett’s tax bill — and his subsidy lobbying

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Billionaire Obama fundraiser Warren Buffett is totally within his rights to pay only the taxes he owes — as an individual, and as the owner of many corporations. I’ve even defended the integrity of Buffett’s paying a low rate while lobbying for a higher rate.

But the situation is more complex than that, as today’s Wall Street Journal editorial points out. Here’s my favorite part:

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