99% of millionaires will pay a higher tax rate than the middle class

[Conservative]

FactCheck.org : Obama and the ‘Buffett Rule’

In their zeal to pass the “Buffett Rule,” President Obama and Vice President Biden leave the false impression that many, if not most, millionaires (people who earn $1 million or more a year) are paying a lower tax rate than the middle class. The fact is that even without the Buffett Rule “more than 99 percent of millionaires will pay” a higher tax rate than those in the very middle of the income range in fiscal year 2015, according to the nonpartisan Tax Policy Center.

The Tax Policy Center did an analysis of the Paying a Fair Share Act of 2012. Roberton Williams, a senior fellow at the center who spent 22 years at the nonpartisan Congressional Budget Office, wrote that even without the Buffett Rule, only about 4,000 of those with $1-million-and-above incomes will pay less than the 15 percent effective federal tax rate that middle-income households will pay in fiscal year 2015.

 

[SniperFire]

Please don't confuse Leftist scum with the facts.

 

[SniperFire]

The headlines in the mainstream media will be screaming 'Obama: attempts to deceive public with 'Buffet rule' lie' - all day today.


Or maybe not.

 

[Avatar4321]

They do already.

Maybe Buffet should pay the taxes he already owes before he starts obligating himself, in reality, others to pay more taxes.

 

[zeke]

99% of millionaires will pay a higher tax rate than the middle class

Well how about that. !00% of the middle class will not make a million dollars a year.

What does that tell you?

 

[NYcarbineer]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

 

[SniperFire]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

99% of your posts are strawman arguments.

 

[healthmyths]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

NO IT IS PROOF THAT OBAMA IS A LYING SACK.. OF CRAP!
Seriously THE FACTS from the IRS are:
1) 86 million tax returns in 2008 paid 14% of their TAXABLE income in TAXES PAID!
2) 4.3 million returns paid: 26.1% of their taxable income in taxes!
3) These 4.3 million returns PAID an average of $123,477
4) The 86 million returns paid an average of $5,736
5) THE 4.3 million PAID 2,152% MORE then the 86 million average return!

 

[NYcarbineer]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

99% of your posts are strawman arguments.

You're an idiot. You have no idea what a strawman is.

You're one of those assholes who read up on a few terms about debating and now you toss them into the conversation to make it look like you know what you're talking about.

It's not even original.

 

[NYcarbineer]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

NO IT IS PROOF THAT OBAMA IS A LYING SACK.. OF CRAP!
Seriously THE FACTS from the IRS are:
1) 86 million tax returns in 2008 paid 14% of their TAXABLE income in TAXES PAID!
2) 4.3 million returns paid: 26.1% of their taxable income in taxes!
3) These 4.3 million returns PAID an average of $123,477
4) The 86 million returns paid an average of $5,736
5) THE 4.3 million PAID 2,152% MORE then the 86 million average return!

View attachment 18354

That's irrelevant. The Buffett rule isn't aimed at anyone who's already paying a high rate.

 

[SniperFire]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

99% of your posts are strawman arguments.

You're an idiot. You have no idea what a strawman is.
.

I plan to call you out on it everytime I see it.


Deal with it.

LOL

 

[RDD_1210]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

99% of your posts are strawman arguments.

You're an idiot. You have no idea what a strawman is.

You're one of those assholes who read up on a few terms about debating and now you toss them into the conversation to make it look like you know what you're talking about.

It's not even original.

This is a classic example of what happens when the education system fails someone. You end up angry, jobless and your only purpose in life is turning to the internet to blame poor people for all of your problems.

 

[SniperFire]

BREAKING: Mitt Romney Urged Obama to Embrace the Individual Mandate


No he didn't.

swing and a miss.

 

[RDD_1210]

99% of your posts are strawman arguments.

You're an idiot. You have no idea what a strawman is.
.

I plan to call you out on it everytime I see it.


Deal with it.

LOL

It's nice to find a purpose in life. Good for you.

 

[SniperFire]

You're an idiot. You have no idea what a strawman is.
.

I plan to call you out on it everytime I see it.


Deal with it.

LOL

It's nice to find a purpose in life.

Says the doomed guy.

LOL

 

[RDD_1210]

I plan to call you out on it everytime I see it.


Deal with it.

LOL

It's nice to find a purpose in life.

Says the doomed guy.

LOL

Good one?

 

[Conservative]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

Not at all. loopholes for EVERYBODY should go away.

This is simply explaining that even without the Buffet Rule, the vast majority of millionaires pay a higher tax rate than the middle class, and Obama has been selling it by saying the rich pay a lower rate. Most of them don't.

 

[Conservative]

So is this supposed to be an argument for why that minority of millionaires should keep their loophole(s)?

NO IT IS PROOF THAT OBAMA IS A LYING SACK.. OF CRAP!
Seriously THE FACTS from the IRS are:
1) 86 million tax returns in 2008 paid 14% of their TAXABLE income in TAXES PAID!
2) 4.3 million returns paid: 26.1% of their taxable income in taxes!
3) These 4.3 million returns PAID an average of $123,477
4) The 86 million returns paid an average of $5,736
5) THE 4.3 million PAID 2,152% MORE then the 86 million average return!

View attachment 18354

That's irrelevant. The Buffett rule isn't aimed at anyone who's already paying a high rate.

from the OP article...

The Tax Policy Center did an analysis of the Paying a Fair Share Act of 2012. Roberton Williams, a senior fellow at the center who spent 22 years at the nonpartisan Congressional Budget Office, wrote that even without the Buffett Rule, only about 4,000 of those with $1-million-and-above incomes will pay less than the 15 percent effective federal tax rate that middle-income households will pay in fiscal year 2015.

Is a law that affect 4,000 people really going to help 'income inequality' in this country? Or affect the deficit?

No.

 

[NYcarbineer]

NO IT IS PROOF THAT OBAMA IS A LYING SACK.. OF CRAP!
Seriously THE FACTS from the IRS are:
1) 86 million tax returns in 2008 paid 14% of their TAXABLE income in TAXES PAID!
2) 4.3 million returns paid: 26.1% of their taxable income in taxes!
3) These 4.3 million returns PAID an average of $123,477
4) The 86 million returns paid an average of $5,736
5) THE 4.3 million PAID 2,152% MORE then the 86 million average return!

View attachment 18354

That's irrelevant. The Buffett rule isn't aimed at anyone who's already paying a high rate.

from the OP article...

The Tax Policy Center did an analysis of the Paying a Fair Share Act of 2012. Roberton Williams, a senior fellow at the center who spent 22 years at the nonpartisan Congressional Budget Office, wrote that even without the Buffett Rule, only about 4,000 of those with $1-million-and-above incomes will pay less than the 15 percent effective federal tax rate that middle-income households will pay in fiscal year 2015.

Is a law that affect 4,000 people really going to help 'income inequality' in this country? Or affect the deficit?

No.

So how many people would closing this loophole have to effect before you'd acknowledge that it was the right thing to do?

And why is the number of people relevant?

 

[NYcarbineer]

99% of your posts are strawman arguments.

You're an idiot. You have no idea what a strawman is.
.

I plan to call you out on it everytime I see it.


Deal with it.

LOL

Then show us where I set up a strawman in this thread.

Or shut up.