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You are using the above source in a manipulating way. Your source does not differentiate between CEO's and non-CEO's. CEO's pay taxes on their personal income by capital gains tax rates. The capital gains tax rate is around 16%.
No. The capital gains tax rate is 20% for incomes over $400,000 for single; $450,000 for married filing jointly or qualifying widow(er); $425,000 for head of household, and $225,000 for married filing separately. Tax Topics - Topic 409 Capital Gains and Losses
So, yes, it's very close to the over 19% effective federal income tax rate paid by the top 400 filers.
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oh please....it has been proven time after time that buffett lied
his secretary makes 60k (his words)..therefore she is in the 15% bracket..and would pay less than 12%....as I will show she pays less than 5%
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buffett pays an effective 17%...meanwhile buffett paid over 8 million in taxes
he said his secretary pays 30% in federal taxes...he lies
buffets states he gets taxed at 17% (his earned income is only 100k, the rest is investment (capital gains taxed at 15%(recently raised to 20%))) and that is less than his secretary...fact that is a LIE
there is no disputing that fact
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the left lies
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FACT: making 60k (which is what buffet himself says she makes) puts her in the 15% bracket..and that's based on her ENTIRE 60k being taxed..and we ALL KNOW that is never the case...even single you have the personal exemption, and the standard deduction
FACTS:
we're talking about a married secretary. with a not working spouse. They file jointly, pay a home mortgage and have 2 older kids (still claimed ) . They probably place at least $4,000 in an 401k (the average is about 7%) and itemize $15,000 in deductions(about 3k over the standard deduction). .....Here the tax picture changes dramatically. ....Taxable income drops to $27,800 -- the 15 percent tax bracket. With child tax credits, secretary now pays $1,419 in federal taxes, or 2.4 percent of $60,000. Add in another 2 percent for $1,218 in state taxes, and secretary pays a grand total, state and federal(to include payroll(ss)), of 4.4 percent on the $60,000-a-year salary.
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IF she is single/renter (which she is not) this would be the number:
60k gross:
That would give her taxable income of $50,250 ($60,000 less 1 exemption @ $3,400 and a standard deduction of $5,360) and a federal income tax liability of $8,986.25 – $4,386.25 + 25% of the excess over $31,850. So, the secretary’s effective Federal income tax rate is only 15% ($8,986.25 / $60,000). Hmmmm.
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so FACT is that she would only be rated at 15% for INCOME...if you want to throw in payroll, (which is not income tax) it still only brings her up to 22%...certainly not the 30% that buffett lied about
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FACTS:
buffett is a salaried worker for his companies...his salary 100k
his secretary earned 60k
he paid multi-millions..his secretary paid less than 3k......
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buffett want the rates (for ALL) to be higher,, because it wont effect him, but it will hurt his competition....those are facts
buffett LIED, and the left fell for it
Yep. The more the left lies and stupid people believe those lies, the more correct Gruber becomes in his assessment of America's Democrat voters.
Fact:
Buffetts secretary may very well pay 30%....because she is married, and as a married couple their income is combined.
Jesus wept, your whole premise is based around the fact that she only makes 60K. In the meantime in the real world people file as married.
You state her husband isnt working, when the reality is that he IS working! Buffet has also repeatedly said that the 60K figure is not accurate, and given who he is it may very well be that she gets 60K, plus bonuses, plus a little profit sharing. I assure you that anyone in a position she is in handling the kind of information she must see as his secretary is making more then 60K
Additionally people making 60K dont buy second houses as she recently did.
Yeah someones lying all right. And I dont think its Buffet
Fact:
Buffetts secretary may very well pay 30%....because she is married, and as a married couple their income is combined.
Jesus wept, your whole premise is based around the fact that she only makes 60K. In the meantime in the real world people file as married.
You state her husband isnt working, when the reality is that he IS working! Buffet has also repeatedly said that the 60K figure is not accurate, and given who he is it may very well be that she gets 60K, plus bonuses, plus a little profit sharing. I assure you that anyone in a position she is in handling the kind of information she must see as his secretary is making more then 60K
Additionally people making 60K dont buy second houses as she recently did.
Yeah someones lying all right. And I dont think its Buffet
Buffett's the one saying she's paying 30% on $60K. You're admitting that Buffett lied.
Buffett's the one saying she's paying 30% on $60K. You're admitting that Buffett lied.
No I am not. He said she is paying 30% currently, totally separate conversations from five years PRIOR to that he mentioned he pays her a salary of 60K-which could very well be a tiny part of her compensation, he has recently said thats not even close to her income currently.
Fact:
Buffetts secretary may very well pay 30%....because she is married, and as a married couple their income is combined.
Jesus wept, your whole premise is based around the fact that she only makes 60K. In the meantime in the real world people file as married.
You state her husband isnt working, when the reality is that he IS working! Buffet has also repeatedly said that the 60K figure is not accurate, and given who he is it may very well be that she gets 60K, plus bonuses, plus a little profit sharing. I assure you that anyone in a position she is in handling the kind of information she must see as his secretary is making more then 60K
Additionally people making 60K dont buy second houses as she recently did.
Yeah someones lying all right. And I dont think its Buffet
1. buffett himself did say she was making 60k...now she may receive a little more with bonuses and profit sharing.. but the FACT is buffett did say her base pay is 60k..and she was paying 30%...which would be IMPOSSIBLE
2. its already been proved that here hubby doesn't work....its already been proved that TAXABLE income is not equal to gross income.....its already been proved that at """"about"""" 60k she would be paying AT TOPS 8% after credits/deductibles/write-offs/exemptions
3. its already been proved that with buffets SALARY ...100k....which includes the VERY SAME PAYROLL that his sec would pay (his would be slightly higher)....plus his capital gains...he would be paying a heck of a higher percentage than his sec
he paid over 8 million in taxes...his sec paid less than 4k
No I am not. He said she is paying 30% currently, totally separate conversations from five years PRIOR to that he mentioned he pays her a salary of 60K-which could very well be a tiny part of her compensation, he has recently said thats not even close to her income currently.
and even if she was making 100k...it would still be less of a percent of income than his
even if she was making 100k...she would be paying the SAME as him..ON THE INCOME...remember his salary is 100k.....
and remember capital gains tax ADDS to the total tax you are paying
Why not fund HC thru more taxes on bad,harmful unhealthy things people abuse such as cigarettes other tobacco products,liquor,beer,wine businesses like tanning booths,tattoo parlors,body piercing that can cause cancers spread diseases anything and everything that is illegal immoral or causes cancer...which covers everything I love in life!
1. buffett himself did say she was making 60k...now she may receive a little more with bonuses and profit sharing.. but the FACT is buffett did say her base pay is 60k..and she was paying 30%...which would be IMPOSSIBLE
2. its already been proved that here hubby doesn't work....its already been proved that TAXABLE income is not equal to gross income.....its already been proved that at """"about"""" 60k she would be paying AT TOPS 8% after credits/deductibles/write-offs/exemptions
3. its already been proved that with buffets SALARY ...100k....which includes the VERY SAME PAYROLL that his sec would pay (his would be slightly higher)....plus his capital gains...he would be paying a heck of a higher percentage than his sec
he paid over 8 million in taxes...his sec paid less than 4k
1. buffet said that FIVE years prior to the start of the 30% conversation, and it ws in passing.
2. Prove it. From what i have read he does in fact work
3. Buffet has far more opportunity to reduce that, and his salary is not his income from things.
Finally....no one making 60K is buying a second house (the first one being over 2,600 sq feet), thats just nonsense and you know it. Your assertions fail the sniff test.
and even if she was making 100k...it would still be less of a percent of income than his
even if she was making 100k...she would be paying the SAME as him..ON THE INCOME...remember his salary is 100k.....
and remember capital gains tax ADDS to the total tax you are paying
to sit their and lie like he did...incorrigible
Oh wait, now you're claiming the 60K number is wrong?
Again, if you think Buffets income is based on the 100K figure, you really dont understand what he does, and how he makes money.
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