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Sanity -> RE: Buffets Secretary Is a 1%er (1/26/2012 5:18:30 PM)
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Actually, the moderator was confused about the post and didnt understand the topic or how the post fit into the topic and pulled it in error, for whatever reason. Suggested that I start a new thread, in fact, so here we are.
And despite your protests theres more than enough substance here, or you wouldnt be working so hard to try to play it down
quote:
ORIGINAL: Lucylastic
I get it now tho sanity you got your little stompy thing removed now you want to make your own thread, well here is what I responded to in your last attempt
"hmmm there is NO figure, Forbes was attempting to guess how much her wages are, so there is no figure.
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 Buffett 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 husband’s income. So I assume the tax rate Obama refers to is from her own earnings.
Insofar as Buffett (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.
This is going ONLY On capital gains tax figure amounts.
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.
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.
So its all speciulation AGAIN
the smoking gun article says she just bought a house worth 144 000
The Bosaneks paid $144,000 for the four-bedroom, two-and-a-half bath property (the purchase was financed, in part, by a $115,200 mortgage).
WHy does this assume she makes more than 200,000.
To me, a 115,000 mortgage is not a heavy burden.
as for the Rush quote, well hes just running on steam from the BS he inhales daily
He is as believable as newt gingrich
and a few others
The post is still in the other thread
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