What a sad story. I can’t stop crying. The poor abused secretary has to pay a high tax rate.
How does she make it?
WASHINGTON, DC – JANUARY 24: (L-R) Warren Buffett’s secretary, Debbie Bosanek, Founder and Chair of Emerson Collective Laurene Powell Jobs and Plant Manager, General Motors Orion Assembly, Alicia Boler-Davis sit prior to the start of U.S. President Barack Obama’s State of the Union speech on January 24, 2012 in Washington, DC. Obama said the focal point his speech is the central mission of our country, and his central focus as president, including “rebuilding an economy where hard work pays off and responsibility is rewarded.” (Win McNamee)
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.
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FYI… The average executive secretary in Omaha makes $31,000 a year.
Hat Tip Ed