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I think what's being said most often is that some of the wealthiest Americans are able to exploit loopholes, credits and the lower tax rate associated with unearned income to pay a lower overall rate than others.yeah but the PRESIDENT and numerous idiots like yourself DO in fact make the claim that the poor or "middle class" pay more which is simply not true.
that's just a simple fact. It's how Theresa Heinz Kerry payed 12% on tens of millions of dollars.
There are deductions available to everyone...and yes, some dont get to use them, some opt NOT to use them (some people prefer renting over owning so they dont get to write off mortgage interest)..
I agree with Obama on that - Buffett's effective tax rate is lower because the government prefers capital gains over labor. That makes no economic sense to me. Tax it all at the same rate.And the truth is...if, in fact, it were a valid argument that the "rich" get to use the loop holes...then please explain to me why Obama is using the Buffet argument which, as you know, is BS seeing as Buffet was referring to Cap gains tax and c`omparing it to income tax of his secretary.
Yeah Warren Buffet is jealous of all the wealth of traler park republicans.
BUFFET AND OTHER RICH LEFTISTS want to increase taxes because THEY HAVE ALREADY REACHED THE TOP and want those who are working their asses off to get to the top to have a harder time! It's to stifle competition not because they are "nice" people. Truth seeker? Wake the fuck up.
Cuyo is the AP and CBO wrong in this article?
Howdy, Jarhead -
I think what's being said most often is that some of the wealthiest Americans are able to exploit loopholes, credits and the lower tax rate associated with unearned income to pay a lower overall rate than others.
that's just a simple fact. It's how Theresa Heinz Kerry payed 12% on tens of millions of dollars.
There are deductions available to everyone...and yes, some dont get to use them, some opt NOT to use them (some people prefer renting over owning so they dont get to write off mortgage interest)..
...which is a perfectly good reason to get rid of most deductions - including mortgage interest (which penalizes large downpayments)!
I agree with Obama on that - Buffett's effective tax rate is lower because the government prefers capital gains over labor. That makes no economic sense to me. Tax it all at the same rate.And the truth is...if, in fact, it were a valid argument that the "rich" get to use the loop holes...then please explain to me why Obama is using the Buffet argument which, as you know, is BS seeing as Buffet was referring to Cap gains tax and c`omparing it to income tax of his secretary.
Howdy, Jarhead -
I think what's being said most often is that some of the wealthiest Americans are able to exploit loopholes, credits and the lower tax rate associated with unearned income to pay a lower overall rate than others.
that's just a simple fact. It's how Theresa Heinz Kerry payed 12% on tens of millions of dollars.
There are deductions available to everyone...and yes, some dont get to use them, some opt NOT to use them (some people prefer renting over owning so they dont get to write off mortgage interest)..
...which is a perfectly good reason to get rid of most deductions - including mortgage interest (which penalizes large downpayments)!
I agree with Obama on that - Buffett's effective tax rate is lower because the government prefers capital gains over labor. That makes no economic sense to me. Tax it all at the same rate.And the truth is...if, in fact, it were a valid argument that the "rich" get to use the loop holes...then please explain to me why Obama is using the Buffet argument which, as you know, is BS seeing as Buffet was referring to Cap gains tax and c`omparing it to income tax of his secretary.
The guy who wrote this article is a right wing hack
On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office.
FACT CHECK: Are rich taxed less than secretaries? - Yahoo! News
On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes, according to the Congressional Budget Office.
FACT CHECK: Are rich taxed less than secretaries? - Yahoo! News
Households making between $50,000 and $75,000 will pay an average of 15 percent of their income in federal taxes.
That was just his first "fact".
HE FUCKING LIED about the tax bracket.
That was his first "fact" written in the article.
they guy is a lying sack of partisan turds