About That Buffett Rule…

Pat Robertson on the 700 Club revealed some numbers his research people came up with regarding the taxes of Warren Buffett and Warren Buffett’s secretary. They are as follows:

Warren Buffett’s 2010 Taxes:

Adjusted Gross Income              $62.9 million

Taxable Income                          $39.8 million

Income Taxes                             $6.9 million

Warren Buffett’s secretary in 2010

Forbes Magazine estimated her income at somewhere around $200,000

Her estimated tax burden was approximately $70,000 or slightly higher

A significant amount of Mr. Buffett’s income came from sources that the government had already taxes at 35% (corporate taxes). There is no reason to tax that money again. Mr. Buffett’s secretary did not pay more in taxes than he did. That is a lie.




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