VTSeaRay
Active Member
- Feb 19, 2008
- 1,905
- Boat Info
- 2007 210 Select w/5.0L 260HP MPI Mercruiser Alpha 1
- Engines
- 8 cyl 5.0 Merc mpi, w/alpha 1 with 19" prop, with the speedo hole on the leading edge just above it
Buffett's Secretary earns $200,000/year. @28% Tax rate, she pays approximately $60K in Federal Taxes
Folks are focused on the $$$ amount(and this is where the Administration is trying to lead folks), thinking Warren Buffett pays less than 60k. in taxes...
From the transcript of Tuesday night's speech, the president states this -
"Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense."
Read more: http://www.foxnews.com/politics/2012/01/24/transcript-obamas-2012-state-union/#ixzz1kZwB7Wfr
(that was right off his teleprompter )
Last October, Buffett released more detail, saying his 2010 tax return included $62.9 million of adjusted gross income and $39.8 million of taxable income, upon which he paid taxes of $6.9 million, for an effective federal tax rate of 17.3%.
Read more: http://www.foxbusiness.com/investing/2012/01/12/buffett-picks-wrong-fight-again/#ixzz1kZx26ZlI
To be honest, I agree, we should all pay a flat tax of somewhere between 15-17%.
I'll let you do the math.
Folks are focused on the $$$ amount(and this is where the Administration is trying to lead folks), thinking Warren Buffett pays less than 60k. in taxes...
From the transcript of Tuesday night's speech, the president states this -
"Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense."
Read more: http://www.foxnews.com/politics/2012/01/24/transcript-obamas-2012-state-union/#ixzz1kZwB7Wfr
(that was right off his teleprompter )
Last October, Buffett released more detail, saying his 2010 tax return included $62.9 million of adjusted gross income and $39.8 million of taxable income, upon which he paid taxes of $6.9 million, for an effective federal tax rate of 17.3%.
Read more: http://www.foxbusiness.com/investing/2012/01/12/buffett-picks-wrong-fight-again/#ixzz1kZx26ZlI
To be honest, I agree, we should all pay a flat tax of somewhere between 15-17%.
I'll let you do the math.
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