Warren Buffett’s Secretary Makes Between $200K-$500K Per Year

January 25, 2012

SHARE
Buffett’s Impoverished Secretary

This is according to Forbes and spotted by an alert 5th Listener! 
Money shot: 

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 Buffet’s 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.

How many people would sign up right now to fill the spot for the unfortunately treated secretary? 


Me too.

Tell ’em where you saw it. Http://www.victoriataft.com