Possibly he was considering her husband’s income too, or maybe her state income tax.
I agree with Buffett that her tax is too high, and that Buffett pays too little. But the lib answer to this problem is to increase taxes on families who earn up to $200,000, and I don’t see why someone earning $200,000 a year should pay the same tax rate as Buffett does either. What they should do is increase taxes on Buffett and his fellow billionaires, and leave the rest of us alone.
So you think the tax rate on billionaires is too low? You think our tax rate needs another bracket or two at the top with higher rates?
Buffet’s low tax rate comes from the byzantine nature of the tax code, not the income tax rate. Even though it would hurt me (since I am retired, have no earned income, and live - comfortably - on assets) I would like to see the “Fair Tax” enacted. Every consumer would pay their fair share, INCLUDING the very poor because of the rebate feature.
Not you, I, nor anyone else ever got a paycheck from a poor person, so the romantic idea of taxing the rich to provide for the poor is just the same old hogwash.
As an adjunct instructor of Managerial Economics in the MBA program for Webster University, I have spent a LOT of time and effort trying to take a realistic look at just how important clear economic thinking actually is - and how very litle of it I hear from the yahoos we elect.