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.