Sunday, September 25, 2011
Apples and Oranges
When Warren Buffet says his secretary pays taxes at a higher rate than he does, he is LYING. Lying by comparing two different kinds of taxes: Income taxes and capital gains taxes, which have a lower rate FOR EVERYBODY. If his “secretary” sells her house she will pay taxes on it at the SAME RATE as he does. Buffet makes very little on which he pays INCOME taxes, and if he does, he and his secretary pay the same as EVERYBODY, depending on the total amount of their liability Basically, his contention that his secretary pays a higher rate than he does is a calculated LIE. (Just common sense)
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