Americans Favor "Buffett Rule" by 60% to 37%

[DaGoose]

According to a new Gallup poll released Friday, a majority of Americans support the proposed Buffett Rule, which would require individuals earning $1 million or more per year to pay at least 30 percent of their income in taxes.

Six in 10 Americans favor Congress' passing the so-called "Buffett Rule," which would mandate a minimum 30% tax rate for Americans with a household income of $1 million or more per year. Majorities of both Democrats and independents favor the policy, while a majority of Republicans oppose it.

Americans Favor

Here's another area where the GOP is out of touch with the average American.

 

[uscitizen]

All polls that do not favor the right are out of touch with reality!

 

[naturegirl]

Well, if you tell the whole truth and nothing but the truth it wouldn't be so durn confusing. The Buffett rule is not quite what it's been touted to be!! There is a difference in earned income and capital gains, the left just doesn't quite let everyone know that.

Honesty is a virtue.

 

[Trajan]

According to a new Gallup poll released Friday, a majority of Americans support the proposed Buffett Rule, which would require individuals earning $1 million or more per year to pay at least 30 percent of their income in taxes.

Six in 10 Americans favor Congress' passing the so-called "Buffett Rule," which would mandate a minimum 30% tax rate for Americans with a household income of $1 million or more per year. Majorities of both Democrats and independents favor the policy, while a majority of Republicans oppose it.

Americans Favor

Here's another area where the GOP is out of touch with the average American.

yea I know, they told us the moon was made out of cheese but I didn't believe it...woe is me....

 

[uscitizen]

Well, if you tell the whole truth and nothing but the truth it wouldn't be so durn confusing. The Buffett rule is not quite what it's been touted to be!! There is a difference in earned income and capital gains, the left just doesn't quite let everyone know that.

Honesty is a virtue.

Yep unearned income should be taxed at a higher rate.

 

[get_involved]

Since 50% of Americans don't pay income taxes this is no surprise.

 

[imbalance]

Kinda amazed it's only 60% when you consider less than 1% of US households are actually making over $1M annually. That means over 39% of people who wouldn't even be directly effected by this tax increase are yet still opposed on principle to the idea of taxing others in the name of "fairness" leftists cry about. That's telling.

Household income in the United States - Wikipedia, the free encyclopedia

 

[alan1]

According to a new Gallup poll released Friday, a majority of Americans support the proposed Buffett Rule, which would require individuals earning $1 million or more per year to pay at least 30 percent of their income in taxes.

Six in 10 Americans favor Congress' passing the so-called "Buffett Rule," which would mandate a minimum 30% tax rate for Americans with a household income of $1 million or more per year. Majorities of both Democrats and independents favor the policy, while a majority of Republicans oppose it.

Americans Favor

Here's another area where the GOP is out of touch with the average American.

Tyranny by the majority is just as acceptable to me as tyranny by the minority.

 

[inALIENable]

Ah that's okay, go ahead and tax the shit out of capital gains, we can just shift our savings/investments from shares in US corporations to piles of gold and other tangible conversions. Probably a good idea anyhow, all things considered.

 

[alan1]

Well, if you tell the whole truth and nothing but the truth it wouldn't be so durn confusing. The Buffett rule is not quite what it's been touted to be!! There is a difference in earned income and capital gains, the left just doesn't quite let everyone know that.

Honesty is a virtue.

Yep unearned income should be taxed at a higher rate.

Nope, earned income should be taxed at a lower rate than it currently is.

 

[The Infidel]

According to a new Gallup poll released Friday, a majority of Americans support the proposed Buffett Rule, which would require individuals earning $1 million or more per year to pay at least 30 percent of their income in taxes.

Six in 10 Americans favor Congress' passing the so-called "Buffett Rule," which would mandate a minimum 30% tax rate for Americans with a household income of $1 million or more per year. Majorities of both Democrats and independents favor the policy, while a majority of Republicans oppose it.

Americans Favor

Here's another area where the GOP is out of touch with the average American.

Only because the folks polled have NO IDEA what they are talking about... its a crock of shit.

No shit.... its a crock of of it.

 

[The Infidel]

Tyranny by the majority is just as acceptable to me as tyranny by the minority.

acceptable... or maybe UNacceptable

 

[The Infidel]

All polls that do not favor the right are out of touch with reality!

This is one of those situations where the entire premise is a lie.... so the poll is bullshit.

 

[alan1]

Tyranny by the majority is just as acceptable to me as tyranny by the minority.

acceptable... or maybe UNacceptable

I find neither action acceptable.

 

[SniperFire]

According to a new Gallup poll released Friday, a majority of Americans support the proposed Buffett Rule, which would require individuals earning $1 million or more per year to pay at least 30 percent of their income in taxes.

Six in 10 Americans favor Congress' passing the so-called "Buffett Rule," which would mandate a minimum 30% tax rate for Americans with a household income of $1 million or more per year. Majorities of both Democrats and independents favor the policy, while a majority of Republicans oppose it.

Americans Favor

Here's another area where the GOP is out of touch with the average American.

Only because the folks polled have NO IDEA what they are talking about... its a crock of shit.

No shit.... its a crock of of it.

CBO says it raises taxes a total of three days worth of Federal spending over the 11 year period they were told to review.

I would say it is a gnat on an elephant's ass, but that would be an insult to the significance of a gnat.

This is just mindless class warfare, and if the media would just tell the truth about it, this would go away.

But the media does not want to see the Black guy fail. A little late for that.

 

[LordBrownTrout]

I'm in favor too if it involves not paying taxes like Buffet's billion.

 

[imbalance]

Ah that's okay, go ahead and tax the shit out of capital gains, we can just shift our savings/investments from shares in US corporations to piles of gold and other tangible conversions. Probably a good idea anyhow, all things considered.

The federal government is one step ahead of you:

http://democrats.waysandmeans.house.gov/media/pdf/111/HR2847_HireAct.pdf

. . .

FOREIGN FINANCIAL ASSET REPORTING​

Disclosure of information with respect to foreign financial assets. The bill would require any individual that holds more than $50,000 (in the aggregate) in (1) a depository or custodial account maintained by a foreign financial institution or (2) any foreign stock, interest in a foreign entity, or financial instrument with a foreign counterparty not held in a custodial account of a financial institution (collectively, “reportable foreign assets”) to report information about these accounts and/or assets to the U.S. Treasury Department with the individual’s annual tax return. Failures to comply with this requirement would be subject to a penalty of $10,000, and higher penalties (up to $50,000) could apply if the failure is not remedied within 90 days following notification from the Treasury Department.

Penalties for underpayments attributable to undisclosed foreign financial assets. The bill would impose a penalty equal to forty percent (40%) of the amount of any understatement that is attributable to an undisclosed foreign financial asset (i.e., any foreign financial asset that a taxpayer is required to disclose and fails to disclose on an information return). . .

 

[whitehall]

Only six in ten fall for class warfare with all the media propaganda? Did Gallop tell them that the revenue raised in ten years won't keep the federal government running a week. It's a scam folks.

 

[LordBrownTrout]

Only six in ten fall for class warfare with all the media propaganda? Did Gallop tell them that the revenue raised in ten years won't keep the federal government running a week. It's a scam folks.

Naw, they didn't mention that. What it does though is placate his rabid class envy base. It solves nothing.

 

[The Infidel]

I'm in favor too if it involves not paying taxes like Buffet's billion.

Buffet actually 'on paper' or 'payroll' actually DOES pay less in payroll tax than his secretary.... he pays himself less than her... I want to say its like 80K a year or some bullshit like that.

His capital gains is a different story ALL together... like I said, the pollsters asked folks a question they have zero information on. Simple as that...