Debra Bosanek, Warren Buffett’s longtime “secretary” who is Obama’s newest favorite stage prop in the theater of class warfare, has become the “Joe the Plumber” of the left. She’s used as an example of the put-upon 99% who struggle to make ends meet while people like her boss pay lower tax rates and make off like bandits. The fact that “all of the above” are working together on the same team is the best evidence that some kind of sham is being perpetuated.
The State of the Union speech had some comical optics. There was President Obama, spouting class warfare rhetoric and outlining how the best way to lift the proletariat out of the mud is somehow to raise taxes on the rich, all with the First Lady nodding in agreement while wearing a nearly $2,500 dress. In the First Lady’s box and serving as living proof of the human misery that has been caused by under-taxed billionaires was Buffett’s poor old secretary:
Despite a heavy tax burden, Warren Buffett’s secretary last year was able to purchase a second home in Arizona, a residence complete with a swimming pool and a “professional PGA putting green,” according to real estate records.
Debra Bosanek, 55, and her husband Gerald bought the 2100-square-foot home in Surprise, a city outside Phoenix. The Bosaneks paid $144,000 for the four-bedroom, two-and-a-half bath property (the purchase was financed, in part, by a $115,200 mortgage).
The principal Bosanek residence is in Bellevue, Nebraska, several miles from Buffett’s corporate headquarters in Omaha. The couple’s 2568-square-foot home, built in 2000, also has four bedrooms and two-and-a-half baths. But the modest property, which Sarpy County assessors last year valued at $217,716, offers no outdoor amenities for swimmers or golfers.
Buffett has said that his secretary makes $60,000 a year. The executive assistant (they obviously call her a “secretary” only for the picture it helps paint) for a billionaire? Either her job has been wildly overstated or she’s working for a little less than others in similar positions. And the tax tables would tell a different story if we’re to believe this whole tale as it’s been advertised. Of course, we also have no idea what her husband does or what he might earn, and that could also affect the tax rate if they file jointly. The point is that between these variables and the “income tax” vs. “capital gains tax” differences we’re well beyond an apples & oranges comparison. More like apples & Buicks.
I’ll go with Limbaugh on this and say that the only way the matter can be settled is to see her tax returns. ::crickets::
(h/t Jim Treacher)