Remember Buffet’s poor secretary? Well when I was told she paid more income taxes than Buffet, my first question was “How much does she make?”. My wife has a friend that is a personal assistant to a real big-wig worth a lot of millions. She makes something around $65K a year – and she is one of the high earners in that field according to my wife – so she told me to assume Buffet’s assistant was making around that. I never bought that, after all this is Buffet we are talking about, and it seems I was right in asking this question, because Buffet’s secretary, according to this Forbes article, using some basic math and available information, since Buffet’s assistant is not likely to share this information, likely makes a ton more money than the average assistant does.
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 Buffett’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 Buffett must pay Debbie Bosanke a salary above two hundred thousand.
At a minimum we can agree that the liberal talking point that Buffet’s poor secretary is getting hosed on taxes with an income at that level, is spurious at best. After all, by the liberal standard that anyone making over $200K a year is a filthy rich bastard that needs to pay more, she already gets to keep too much of her income. Obviously your average Joe also calculated this gap between Buffet and his secretary based on a number that is a fraction of what she really makes. And finding out she makes this much also throws the assumption that her taxes are drastically skewed compared to Buffet, when you consider that most people making their living as an assistant do not pull that kind of money, out the window. She pays a lot more in taxes than your average assistant would for sure.
What should really anger everyone is that we where basically manipulated by these class warriors. You think most people would have cared about this idiotic talking point if they figured out the assistant was making something upwards of $200K already? How about concluding that she obviously paid a lot more taxes than your average assistant – her situation is far more likely to trend towards being unique and not the trend – would, and hence the claim the fact Buffet paid less in income taxes than she did was meaningless?
Sucks to be class warriors when the facts get in the way doesn’t it? And have no doubt that in this case, had we know the facts, that the left wouldn’t have carried this talking point for long. I now expect the whole Buffet and his assistant argument to vanish , with the LSM pretending it was never misused as a club by either them or their ideologue masters, to push a filthy agenda.
Edit: correcte a missing not in above statement (bolded).