Comment #3

sully16 — Thu, 26 Jan 2012 15:26:31 GMT

I was about 2 minutes in and realized I couldn't stomach another minute so I turned on Twilight because Vampires and werewolves have more character.

Comment #2

jarasan — Thu, 26 Jan 2012 03:14:52 GMT

The Kaopectate speech may be the name I give to last night's fibfest, I think even the $h1t$tream media is starting to question some of the UNBELIEVABLE statements and REPETITIONS from previous SOTUS's, the one about opening more land for oil exploration etc. was over the top. The exclusion of so many problems in the country today was so revealing of the fascists' campaign. So what does he do????after????he gets on AF1 and is flying 6K miles on a five city fascist campaign tour, estimated taxpayer cost?????????? ready????????$35Million.... [ More ]

Comment #1

rdgrnr — Thu, 26 Jan 2012 02:02:50 GMT

Because people have to be really stupid to believe all of his f'ing bullsh*t.

Original Blog Entry: Warren Buffett's secretary makes $$ ??

jarasan — Thu, 26 Jan 2012 01:18:50 GMT

The SOTUS campaign speech had several props last night including the Buffett secretary she makes between $200,000.00 and $500,000.00 that is somewhere around a half million dollars. Oh yeah, and the FLOTUS snip tail dress was a $2500 designer model. That speech was riddled with made up $h1T all over the place.

This is from Forbes:

Warren Buffett's Secretary Likely Makes Between $200,000 And $500,000/Year

Warren Buffet s secretary, Debbie Bosanek, served as a stage prop for President Obama s State of the Union speech. She was the President s chief display of the alleged unfairness of our tax system a little person paying a higher tax rate than her billionaire boss.

Warren Buffett's Effective Federal Income Tax Rate Was Just 11%

Bosanek s prominent role in Obama s fairness campaign piqued my curiosity, and I imagine the curiosity of others. How much does her boss pay this downtrodden woman? So far, no one has volunteered this information.

We can get an approximate answer by consulting IRS data on tax rates by adjusted gross income, which would approximate her salary, assuming she does not have significant dividend, interest or capital-gains income (like her boss). I assume Buffet keeps her too busy for her to hold a second job. I also do not know if she is married and filing jointly. If so, it is deceptive for Obama to use her as an example. The higher rate may be due to her husband s income. So I assume the tax rate Obama refers to is from her own earnings.

Insofar as Buffet (like Mitt Romney) earns income primarily from capital gains, which are taxed at 15 percent (and according to Obama need to be raised for reasons of fairness), we need to determine how much income a taxpayer like Bosanek must earn in order to pay an average tax rate above fifteen percent. This is easy to do.

The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an adjusted gross income between $100,000 and $200,000 pay an average rate of twelve percent. This is below Buffet s rate; so she must earn more than that. Taxpayers earning adjusted gross incomes of $200,000 to $500,000, pay an average tax rate of nineteen percent. Therefore Buffet must pay Debbie Bosanke a salary above two hundred thousand.

We must wait for further details to learn how much more than $200,000 she earns. The tax tables tell us about average ranges. For all we know she earns closer to a half million each year, but that is pure speculation.

I have nothing against Debbie Bosanke earning a half million or even more. Buffet is a major player in the world economy. His secretary deserves good compensation. At her income, however, she is scarcely the symbol of injustice that Obama wishes her to project.

I imagine that there are any number of secretaries who would want her job and her place in the Congress gallery for the President s State of the Union address.

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