econscius

Warren Buffett’s Secretary Earns Hundreds of Thousands of Dollars

In Buffett Rule, Income Tax Rates, Obama Administration, Warren Buffett on January 25, 2012 at 11:42 pm

As I said last August, it is literally impossible for Warren Buffett’s secretary to be “middle class” and pay a higher income tax rate than Buffett.  She is either married and filing jointly with someone who earns hundreds of thousands of dollars or is earning over $200,000 a year herself.

Forbes picked up on this in a post today: 

“I have nothing against Debbie Bosanke earning a half million or even more. Buffet is a major player in the world economy. His secretary deserves good compensation. At her income, however, she is scarcely the symbol of injustice that Obama wishes her to project.” See http://www.forbes.com/sites/paulroderickgregory/2012/01/25/warren-buffetts-secretary-likely-makes-between-200000-and-500000year/

My original posts on this topic are here:  

https://econscius.wordpress.com/2011/08/29/is-warren-buffetts-924725-employee-super-rich/ 

and see what people actually pay, according to the IRS:  

https://econscius.wordpress.com/2011/10/09/who-pays-what-average-income-tax-rates/

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