The “Buffett rule” now has a new human face — and a number.
Before last week the only face on the “Buffett rule” — the notion that the mega rich ought to pay at least as much in taxes as average Americans — belonged to Warren Buffett, the billionaire who revealed last summer that he was paying less of his income in federal taxes than his secretary.
Last Tuesday, we had a chance to meet that secretary, Debbie Bosanek, who sat next to First Lady Michelle Obama during the President’s state of the union address and then did a network television interview afterwards.
“I represent the average citizen who needs a voice,” Bosanek noted in that interview. “Everybody in our office is paying a higher tax rate than Warren.”
Exactly how much of their incomes should Warren and the rest of America’s super rich pay in taxes? President Obama last week helpfully suggested an exact percentage. How does the President’s number stack up against current tax rates — and history? We do some exploring in this week’s Too Much. ...
Monday, January 30, 2012
Homework for Kansans: Wall St. Celeb Swag & Gag, 30 January 2012
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