President Obama will renew his call for higher taxes on the rich on Tuesday, and he has invited Warren Buffett’s secretary to Washington to make his point.

Debbie Bosanek, longtime secretary to the Oracle of Omaha, will take in the State of the Union as a guest of the White House.

White House Communications Director Dan Pfeiffer confirmed Bosanek will join the first lady in her box in a post on Twitter.

Why Buffett’s secretary?

In some ways, she is the inspiration for Obama’s Buffett Rule, a proposed guideline to ensure that the wealthiest do not pay a lower overall tax rate than those who earn substantially less money.

“[Last year] what I paid was only 17.4% of my taxable income — and that’s actually a lower percentage than what was paid by any of the other 20 people in our office,” Buffett wrote in a New York Times op-ed last year.

Why? For most people, wages make up a majority of their income, so when they get a raise their average tax rate may go up.

But millionaires — and in Buffett’s case, billionaires — typically have several sources of income, some of which are taxed at lower rates.

CNN, “Warren Buffett’s Secretary to Attend State of the Union.”

Zing.

(via inothernews)

Source: inothernews

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