Buses will replace trains for 24 hours between Farmingdale and Ronkonkoma beginning at 12:45 a.m. on Sunday, March 8 through 12:45 a.m. on Monday, March 9 for a switch replacement project in Wyandanch as well as Sperry Rail Car inspection and related signal and track maintenance along the route.
Buffett says he's still paying lower tax rate than his secretary. Warren Buffett says despite a higher tax bill this year than in 2012, he'll likely still pay a lower rate than his secretary. Warren Buffett says even though he and other top earners are paying higher taxes this year, he thinks he's still paying a lower rate than his secretary. In 2013, capital gains for those earning more than $400,000 ($450,000 for couples) will be taxed at 20%, up from 15%.
It tells us what weâve long known: The rich pay a lot of federal taxes, much more than the middle class and the poor. President Obama for many years pushed his infamous Buffett Rule, which said that the highest-earning Americans should pay at least 30 percent of their income in federal taxes. According to CBO, the average tax rate of the top 1 percent was 29 percent in 2011 (the last year of data in the report).