Sunday, February 05, 2012

Warren Buffet's Secretary Should Try Turbo Tax

I just finished filing my taxes.

President Obama can rest easy tonight, though. My effective tax rate was just 3.14%, less than 1/5th of Warren Buffet's 17.4% effective tax rate. Since Warren Buffet also makes well over 300x more than I do, this means that he paid in excess of 150,000% more in taxes than I did. Not too bad a job of soaking the rich from where I sit. But he might want to spring for a copy of TurboTax for his secretary, since it sounds like the poor lady is missing a deduction or two.

5 comments:

  1. Or fewer dependents, anyway.

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  2. I hope TurboTax is paying you for this ad. ;-)

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  3. Tex, around here it's always apple Pi.

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  4. All those little Darwins really pay off in so many ways. Deductions really favor certain people and situations. We happen to be those people too so, yippee! But I don't always think it's fair. In my little small business, my partner and I pay ourselves a salary. Since she works more hours than I do, her salary is higher, but since she is single and does not own a home her take home pay is the same as mine. This really doesn't seem fair to me. She does have more disposable income because she's not raising a family, but she works harder and I think she should be compensated for that. The situation doesn't seem to bother her as much as it does me.

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