Warren Buffett says criticism of his secretary, Debbie Bosanek , over her supposed high salary and purchase of a second home, is 'ridiculous' and misses the point he's trying to make on tax rates for the very rich.
During his State of the Union address this week, President Obama said it isn't fair that Buffett pays a lower tax rate than his secretary does, arguing for a "Buffett Rule" that would impose a minimum 30 percent tax rate on those making a million dollars or more per year. Bosanek had been invited to sit in Michelle Obama's box to watch the speech.
Buffett tells the Omaha World-Herald , "They can't attack the facts, so they attack the person. It's ridiculous."
His point: "I'm saying she is being treated unfairly in the tax code, as are tens of millions of others, compared to me. They shouldn't change the rates on all the other people. They should change mine."
As for a Forbes blog post by contributor Paul Roderick Gregory estimating Bosanek earns between $200,000 and $500,000 a year, "making her scarcely the symbol of injustice that Obama wishes her to project," Buffett replies that Gregory "doesn't have any idea, just zero. If I were to estimate his salary, I'd probably be closer than he is."Page 1 of 3 | Next Page