His speechwriters knew full well that the way they worded this, saying "Ask a billionnaire to pay AS MUCH as his secretary" implies that his secretary paid more dollars, not paid at a higher rate. Buffet's income is probably mostly on investments anyway.
Obama is sickening as are Republicans who agreed to sit mixed with Dems, making it seem like they're all clapping. When Dems have a majority, they'll quickly find that separate sections are really better.
His speechwriters knew full well that the way they worded this, saying “Ask a billionnaire to pay AS MUCH as his secretary” implies that his secretary paid more dollars, not paid at a higher rate. Buffet's income is probably mostly on investments anyway. ]
This is a Democrat's lie. Buffet's tax rate is not less than his secretary. He pays at least 45%.
He ignores the fact that the corporation pays the owner's income tax and whatever is left, can be distributed as dividends/capital gains which are taxed again at 15%.
A sole proprietor pays the income tax, and money leftover is not taxed - he is free to spend it or save it. The tax on dividends is double taxation.