Paul Roderick Gregory, Contributor
Warren Buffet’s secretary, Debbie Bosanek, served as a stage prop for President Obama’s State of the Union speech. She was the President’s chief display of the alleged unfairness of our tax system – a little person paying a higher tax rate than her billionaire boss.
Bosanek’s prominent role in Obama’s “fairness” campaign piqued my curiosity, and I imagine the curiosity of others. How much does her boss pay this downtrodden woman? So far, no one has volunteered this information.
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DUH !
She is the secretary of the 2nd or 3rd richest person on tha planet ! What exactly did you expect the lady was paid ?
She ain’t exactly workin’ tha Customer Service counter at JC Penney !
Please !!!
LOL
.
http://www.forbes.com/sites/joshbarro/2012/01/25/no-you-dont-have-to-make-200000-to-have-a-higher-tax-rate-than-buffett/
“Paul assumes that Buffett’s effective federal income tax rate is 15 percent, the rate at which most capital gains are subjected to income tax. He then looks at IRS Statistics of Income data to find that, typically, a taxpayer would have to make over $200,000 a year to pay such a high effective rate of federal income tax.
But Buffett has never said that his secretary pays federal income tax at a higher rate than him. As he wrote in the New York Times in August, his combined rate of federal income and payroll taxes–including payroll taxes that his employer pays on his behalf–is 17.4 percent, and all of his staff, including Bosanek, pays a higher combined rate of income and payroll tax, again including the employer part. Here’s what Buffett said:
‘Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.’
Anybody living solely off wage and salary income and making less than about $110,000 per year pays payroll tax–including the employer part–at an effective rate of 15.3 percent. So, most any wage-earner with a non-trivial income tax liability is going to be paying federal tax at a higher effective rate than Buffett.
Now, if Buffett’s staff isn’t just paying a higher rate than him, but a much higher rate, it’s probably true that they’re all highly paid, including Bosanek.* But even if she were making $60,000, she’d probably still be paying more than him.”
We should see her tax return along with Buffet’s now that they’ve been prominently insterted into the national debate. Let’s give them all a good analysis and see if national policy should be changed. If she did not wish such scrutiny she should have stayed home.
I am sick of it.
Let’s flat tax and never speak of taxes again,.. ever…
The wealthy don’t need that much! Take it and give it to the politicians’ campaign supporters! Cap and trade the wealth!