In it, but not of it. TPM DC

Timeline: How The Buffett Story Was Oversold On Twitter

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What Buffett did do is hedge when asked whether the White House proposal to raise taxes on those making more than $1 million per year was his plan.

"Well, the precise program, I don't know what their program will be," Buffett said.

"My program would be on the very high incomes that are taxed very low -- not just high incomes.... If they make a lot of money and pay a low tax rate, like me, it would be changed by a minimum tax," he said.

Nonetheless, Buffett said he was happy that he let the White House use his name on the rule.

A timeline of how the news spread on Twitter is embedded below. Check out the video for yourself here.