No, he said his secretary pays a higher tax rate than he does.
Oh okay
And probably draws just about the same taxable income
“No, he said his secretary pays a higher tax rate than he does.”
The only way that happens is if he’s taking substantial deductions, or if he is hiding income in some other sheltered fashion. I smell hypocrisy.
That’s because all his income is from capital gains, not a salary or a wage. Capital gains are taxed at a lower rate than salary or wages.