Our exclusive interview with Steve Forbes. Watch it!
…American Restoration is about taking things that still have value and would have more value if repaired and restored, performing the work, and creating the value. What American Restoration does with stuff, private equity firms do with struggling or underperforming companies—turn them into profitable, growing, job-creating companies.
Interesting. And here’s the truth about Warren Buffett’s tax hike pleas.
Warren Buffet’s secretary, Debbie Bosanek, served as a stage prop for President Obama’s State of the Union speech. She was the President’s chief display of the alleged unfairness of our tax system – a little person paying a higher tax rate than her billionaire boss…
…The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an adjusted gross income between $100,000 and $200,000 pay an average rate of twelve percent. This is below Buffet’s rate; so she must earn more than that. Taxpayers earning adjusted gross incomes of $200,000 to $500,000, pay an average tax rate of nineteen percent. Therefore Buffet must pay Debbie Bosanke a salary above two hundred thousand.
We must wait for further details to learn how much more than $200,000 she earns. The tax tables tell us about average ranges. For all we know she earns closer to a half million each year, but that is pure speculation…
On another interesting note, Ms. Bosanke just purchased a second home. Such an unfair tax burden, no?
The 2012 Index of Economic Freedom. Why are we #10?