PLYMCO_PILGRIM
Gold Member
He does on his personal income
Him and his secretary pay the same capital gains tax rates though.
Warren Buffet secretary makes anywhere from 200K-500K a year
- Thread starter Lovebears65
- Start date
He does on his personal income
Him and his secretary pay the same capital gains tax rates though.
Trajan
conscientia mille testes
hummmm...
ABC published an article where in they say she pays at a 35.8% rate. ( she wound up at 22% after deductions , yes she took some)
http://abcnews.go.com/blogs/business/2012/01/warren-buffett-and-his-secretary-talk-taxes/
Ergo-
How much does her boss pay this downtrodden woman? So far, no one has volunteered this information.
We can get an approximate answer by consulting IRS data on tax rates by adjusted gross income, which would approximate her salary, assuming she does not have significant dividend, interest or capital-gains income (like her boss). I assume Buffet keeps her too busy for her to hold a second job. I also do not know if she is married and filing jointly. If so, it is deceptive for Obama to use her as an example. The higher rate may be due to her husbands income. So I assume the tax rate Obama refers to is from her own earnings.
Insofar as Buffet (like Mitt Romney) earns income primarily from capital gains, which are taxed at 15 percent (and according to Obama need to be raised for reasons of fairness), we need to determine how much income a taxpayer like Bosanek must earn in order to pay an average tax rate above fifteen percent. This is easy to do.
The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an adjusted gross income between $100,000 and $200,000 pay an average rate of twelve percent. This is below Buffets rate; so she must earn more than that. Taxpayers earning adjusted gross incomes of $200,000 to $500,000, pay an average tax rate of nineteen percent. Therefore Buffet must pay Debbie Bosanke a salary above two hundred thousand.
We must wait for further details to learn how much more than $200,000 she earns. The tax tables tell us about average ranges. For all we know she earns closer to a half million each year, but that is pure speculation.
more at-
Warren Buffett's Secretary Likely Makes Between $200,000 And $500,000/Year - Forbes
So, she makes at the very least 4 times what the average amercian makes, and the message is shes put upon, becasue someone else isn't paying above 15%? really?( see below) She earns an income making her part of the 2%, if she earns over 250K shes in the 1%......
Meanwhile; that money Buffett got was taxed at the 35% corp. rate then passed to him where in he pays 15% on any activity that money generates there after for a marginal rate of over 44%....remembering no matter the losses anyone takes on that money, the loss as a deduction cannot be higher than 3K and Cap gains are not indexed to inflation either.........we already have an AMT as well.....so, how is this unfair?
ABC published an article where in they say she pays at a 35.8% rate. ( she wound up at 22% after deductions , yes she took some)http://abcnews.go.com/blogs/business/2012/01/warren-buffett-and-his-secretary-talk-taxes/
Ergo-
How much does her boss pay this downtrodden woman? So far, no one has volunteered this information.
We can get an approximate answer by consulting IRS data on tax rates by adjusted gross income, which would approximate her salary, assuming she does not have significant dividend, interest or capital-gains income (like her boss). I assume Buffet keeps her too busy for her to hold a second job. I also do not know if she is married and filing jointly. If so, it is deceptive for Obama to use her as an example. The higher rate may be due to her husbands income. So I assume the tax rate Obama refers to is from her own earnings.
Insofar as Buffet (like Mitt Romney) earns income primarily from capital gains, which are taxed at 15 percent (and according to Obama need to be raised for reasons of fairness), we need to determine how much income a taxpayer like Bosanek must earn in order to pay an average tax rate above fifteen percent. This is easy to do.
The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an adjusted gross income between $100,000 and $200,000 pay an average rate of twelve percent. This is below Buffets rate; so she must earn more than that. Taxpayers earning adjusted gross incomes of $200,000 to $500,000, pay an average tax rate of nineteen percent. Therefore Buffet must pay Debbie Bosanke a salary above two hundred thousand.
We must wait for further details to learn how much more than $200,000 she earns. The tax tables tell us about average ranges. For all we know she earns closer to a half million each year, but that is pure speculation.
more at-
Warren Buffett's Secretary Likely Makes Between $200,000 And $500,000/Year - Forbes
So, she makes at the very least 4 times what the average amercian makes, and the message is shes put upon, becasue someone else isn't paying above 15%? really?( see below) She earns an income making her part of the 2%, if she earns over 250K shes in the 1%......
Meanwhile; that money Buffett got was taxed at the 35% corp. rate then passed to him where in he pays 15% on any activity that money generates there after for a marginal rate of over 44%....remembering no matter the losses anyone takes on that money, the loss as a deduction cannot be higher than 3K and Cap gains are not indexed to inflation either.........we already have an AMT as well.....so, how is this unfair?
naturegirl
Gold Member
You realize Federal income tax was once declared unconstitutional, then in 1913, long after the founding fathers were gone, it became law with the 16th amendment. True story.
Trajan
conscientia mille testes
oops didn't see this sorry folks.......I am a broken machine...........
merged
thank you
merged
thank you
Last edited:
Jarhead
Gold Member
- Jan 11, 2010
- 20,670
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uh...TM...
Please...you are showing us all how naive you are as it pertains to our history.
Trajan
conscientia mille testes
what was rebuffed, exactly?
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