Thursday, January 26, 2012

Taxing situation

Megan McArdle has the breakdown on the taxes paid by Warren Buffett's secretary.
In sum, the presentation of these numbers is quite confusing, and I suspect a little bit of cherry-picking to maximize the invidiousness of the comparison.  Ms. Bosanek probably does have a somewhat higher effective federal tax rate than her boss, and it may even be much higher.  But if so, this is because she is a very unusual taxpayer--exactly the opposite of what is implied by comparing Warren Buffett's taxes to those of his secretary.

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