vvx
Well-known member
- Joined
- Aug 1, 2007
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- Political Leaning
- Liberal
Buffett blasts system that lets him pay less tax than secretary - Times Online
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.
again that is a lie because someone in the 60K range is in the 25% marginal rate.
and her overall tax rate is far far lower than 25%
the only way he can be correct is that she pays 25% on her next dollar and he 18% but that is because he has a DIFFERENT TYPE OF INCOME
his LIKE INCOME-salary is taxed much higher than hers
He said he was taxed at 17.7% while his secretary was taxed at 30%. Do you believe the only tax that exists is the narrowly defined tax which as you point out would put her in the 25% marginal bracket?