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Warren Buffett, the billionaire behind Berkshire Hathaway, owns various companies like Geico and Dairy Queen, along with significant stock in Apple and Coca-Cola. Since taking over in 1965, the value of a single share has skyrocketed to almost half a million dollars. Despite his immense wealth, Buffett pays lower tax rates than his secretary, mainly due to the difference in tax types - his capital gains tax vs. her income tax. This highlights the issue of the wealthy being undertaxed in the U.S.