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Originally posted by WajomaAll of the people in his economic class benefit from taxes. But many oppose them in principle.
[b]Tim Carney The Washington Post:
Buffett Profits from Taxes He Supports
Buffett regularly lobbies for higher estate taxes. He also has repeatedly bought up family businesses forced to sell because the heirs’ death-tax bill exceeded the business’s liquid assets. He owns life insurance companies that rely on the death tax in order to sell t ...[text shortened]... on how to make money. His advice on how to steal it should be put where the sun doesn’t shine.[/b]
Originally posted by wittywonkaThe super wealth are not those making over $250k a year.
Warren Buffet on the failure of Congress to include tax increases in the deficit reduction package:
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1
[i]OUR leaders have asked for “shared sacrifice.” But [b]when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were ex ...[text shortened]... punish the middle class[/b]? Or are all "businesses" indistinguishable from "people"?[/b]
Buffet is free to donate whatever he wants in excess to his taxes. He may not feel the pinch, but the reason investment income is treated different from wages is that there is risk. Risk of loss. Wages aren't subject to that risk.
If that isn't fair to the wage earner, then let him save some money and get onto the "gravey train".
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Like Bachman says, write a check Warren...... maybe your friends will follow suit, there is nothing to stop him..I think I would personally like to see them write checks to "good" charities.
Off the top of my head, St.Judes Childrens Hospital. ya Danny Thomas started that.. and no child is turned away....
Disabled Vets?
Jon Huntsman Sr. also started a hospital for cancer patients,, let them decide where and who?
Why let a government that has spent our SS, decide on where to spend this money, they have a terrible track record. On the other hand, people like Buffett apparently know something about being frugal, hell he still lives in his old home...
Originally posted by Hugh GlassObviously Warren Buffet is smart enough to know that one man writing a check isn't going to put a dent in the deficit, so his personal contribution would be almost meaningless.
Like Bachman says, write a check Warren...... maybe your friends will follow suit, there is nothing to stop him..I think I would personally like to see them write checks to "good" charities.
Off the top of my head, St.Judes Childrens Hospital. ya Danny Thomas started that.. and no child is turned away....
Disabled Vets?
Jon Huntsman Sr. also started a ...[text shortened]... e Buffett apparently know something about being frugal, hell he still lives in his old home...
By your logic why not have ALL taxes voluntary? Something tells me your head is so far in the clouds you actually think that would work.
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Originally posted by USArmyParatrooperif Buffett thinks he can afford to pay more, what is stopping him? is he just hanging around waiting for a tax change...?
Obviously Warren Buffet is smart enough to know that one man writing a check isn't going to put a dent in the deficit, so his personal contribution would be almost meaningless.
By your logic why not have ALL taxes voluntary? Something tells me your head is so far in the clouds you actually think that would work.
Good point about one man writing a check though, because simply taxing all the rich won't put a dent in the deficit either.....
Tea Party all the way... fiscal responsibility.... stop spending.. stop campaigning on my dollar, when the ships sinking. get back to work, your job isn't over for another 12+ months...... if you do a good job, maybe, just maybe you won't need to raise a billion dollars to keep the job???
Did Joe Biden really call us terrorists,,,lol...I think Obama is a bit of a liar...
By JONATHAN ALLEN & JOHN BRESNAHAN | 8/1/11 4:07 PM EDT Updated: 8/2/11 3:25 PM EDT
Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit, according to several sources in the room.
Biden was agreeing with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting.
“We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group of terrorists have made it impossible to spend any money.”
Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists.”
Biden’s office initially declined to comment about what the vice president said inside the closed-door session, but after POLITICO published the remarks, spokeswoman Kendra Barkoff said: “The word was used by several members of Congress. The vice president does not believe it’s an appropriate term in political discourse.”
Read more: http://www.politico.com/news/stories/0811/60421.html#ixzz1VKqAvE6b
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Originally posted by Hugh GlassYes. He's waiting for a tax change. And yes, taxing all the rich at their pre-Bush levels would take a huge dent out of the deficit.
if Buffett thinks he can afford to pay more, what is stopping him? is he just hanging around waiting for a tax change...?
Good point about one man writing a check though, because simply taxing all the rich won't put a dent in the deficit either.....
Tea Party all the way... fiscal responsibility.... stop spending.. stop campaigning on my dollar, when th ...[text shortened]... ourse.”
Read more: http://www.politico.com/news/stories/0811/60421.html#ixzz1VKqAvE6b
Originally posted by normbenignGovernment is free to stop protecting rich peoples' property.
The super wealth are not those making over $250k a year.
Buffet is free to donate whatever he wants in excess to his taxes. He may not feel the pinch, but the reason investment income is treated different from wages is that there is risk. Risk of loss. Wages aren't subject to that risk.
If that isn't fair to the wage earner, then let him save some money and get onto the "gravey train".
Originally posted by Hugh GlassWhat's stopping him is the fact that "Obviously Warren Buffet is smart enough to know that one man writing a check isn't going to put a dent in the deficit, so his personal contribution would be almost meaningless."
if Buffett thinks he can afford to pay more, what is stopping him? is he just hanging around waiting for a tax change...?
Good point about one man writing a check though, because simply taxing all the rich won't put a dent in the deficit either.....
Tea Party all the way... fiscal responsibility.... stop spending.. stop campaigning on my dollar, when th ...[text shortened]... ourse.”
Read more: http://www.politico.com/news/stories/0811/60421.html#ixzz1VKqAvE6b
"Good point about one man writing a check though, because simply taxing all the rich won't put a dent in the deficit either....."
Are you high?
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Originally posted by USArmyParatrooperNo, he's just ignorant of the immensity of the numbers. Most people are.
What's stopping him is the fact that "Obviously Warren Buffet is smart enough to know that one man writing a check isn't going to put a dent in the deficit, so his personal contribution would be almost meaningless."
[b]"Good point about one man writing a check though, because simply taxing all the rich won't put a dent in the deficit either....."
Are you high?[/b]
Originally posted by quackquack" I personally am very thankful that high earners such as Buffett contribute so much financially in taxes."
The idea that Warren Buffett must speaking the truth because he advocates raising taxes on himself right is just stupid. It is not an admission of any sort -- it merely is one persons opinion even if he his opinion is used as if it must obviously be true. When we get complaints that a group of people who average paying $40,000,000 per year in taxes are ...[text shortened]... ally am very thankful that high earners such as Buffett contribute so much financially in taxes.
He doesn't contribute. The money is confiscated. I wonder how much he would contribute, and if he doesn't think it's enough, he's free to donate more.
Originally posted by normbenignWages aren't subject to risk? Tell that to police officers, firemen etc. etc. etc. A job is generally a lot more dangerous than opening up the envelope containing your brokerage statement.
The super wealth are not those making over $250k a year.
Buffet is free to donate whatever he wants in excess to his taxes. He may not feel the pinch, but the reason investment income is treated different from wages is that there is risk. Risk of loss. Wages aren't subject to that risk.
If that isn't fair to the wage earner, then let him save some money and get onto the "gravey train".
When you have tax policy that encourages paper investment over productive work the results are predictable. You get $64 trillion deflected into mortgage backed securities and credit default swaps.
Originally posted by normbenignThe "taxes are theft" mantra of Randian nuts.
" I personally am very thankful that high earners such as Buffett contribute so much financially in taxes."
He doesn't contribute. The money is confiscated. I wonder how much he would contribute, and if he doesn't think it's enough, he's free to donate more.
You are free to go if you don't like tax rates here.
Originally posted by USArmyParatrooperIf you think the wealthy are not producing enough jobs, then how many jobs do you estimate the 47% of Americans who don't pay any income tax create?
Funny, according to Buffett he's not contributing "so much" in taxes. Which group are you claiming pays an average of $40 million in taxes, and what's your source?
Also what he said about giving the rich tax breaks not creating jobs is absolutely true.
Our tax rates are the lowest they've been since the '50s and we're running huge defi ...[text shortened]... 993 Budget Reconciliatin Act. Unless of course you think it "killed jobs" in the '90s.
Originally posted by normbenignThat's an unusually stupid statement even from you.
If you think the wealthy are not producing enough jobs, then how many jobs do you estimate the 47% of Americans who don't pay any income tax create?
Since they are spending virtually all their income, they are providing consumer spending the #1 impetus to job creation.