Mr. Buffett also wrote that his secretary, who makes $60,000 a year, pays over 30 percent of her income in taxes. The Internal Revenue Service reports the average tax rate for someone making that amount is 11.6 percent. Even adding on payroll taxes, she isn’t paying anywhere near 30 percent.
MILLER: Buffett’s rebuff - Washington Times
I can’t vouch for the analysis above. But isn’t it a little strange that progressives are up in arms about how this woman’s tax rate compares to Warren Buffett’s, yet none of them are calling for the world’s third richest man to pay his secretary more than $60,000 a year? The man has $50 billion, but he only pays the woman who manages his office $60,000? She’s worked for his company for 37 years!!!!!!! She’s been his personal secretary for two decades!!!!!!! And now Buffett’s trotting her out to make a political point … don’t you think the woman deserves more?
Source: washingtontimes.com
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The Trunk is a place where I keep things. Like the rantings of a semi-reasonable libertarian. Plus, anything else I find interesting.
