Well, of course. If Buffett’s secretary makes $60,000 a year, then she’s considered rich by liberal standards.
And they use percentages rather than absolute numbers to describe the actual amount paid in taxes. Plus there is this assumption that Buffet's secretary is an equal when it comes to running his business empire. What risks is she taking?
I make at least $60K and I certainly don’t pay 30%!
Mr. Buffet is LYING THROUGH HIS TEETH about his secretary. If her total income for 2006 was $60,000, her top MARGINAL rate was 25%, not 30%. And that is on TAXABLE income, after deductions and exemptions for a SINGLE taxpayer.
2006 Federal Tax Rate Schedules
Note: These tax rate schedules are provided so that you can compute your federal estimated income tax for 2006.
Schedule X Single If taxable income:
is over-But not over— The tax is:
$00.00__$ 7,550______ 10% of the amount over $0
$7,550__$30,650______ $755.00 plus 15% over 7,550
$30,650_$74,200______ $4,220 plus 25% over 30,650
So even if the secretary were to have ZERO exemptions and ZERO deductions - completely impossible for earned income - she would owe only 19.26% of $60,000.
Buffet is a highly typical over-rich liberal, suffering from the typical guilt that seems to come from this accumulation, and infected with the typical god-complex mindset that makes him want to order everyone else’s life.
He's also a cheapskate. What a P.O.S. this guy is.