Buffett Rule becomes a Bill

Discussion in 'Politics' started by JimH52, Feb 4, 2012.

  1. bripat9643
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    bripat9643 Diamond Member

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    What does the bill actually do? Nowhere does the article discuss the details of the bill. That's because the author knows the minute the public finds out the details, it will be laughed off the stage.
     
  2. JimH52
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    JimH52 Platinum Member

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    I hope FOX (GOP Marketing Arm) realizes that they need to start their campaign aganst the Bill this weekend. I am sure Murdoch is issuing orders as we speak. Well, when he isn't busy hacking a phone or two...
     
  3. DaGoose
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    DaGoose Gold Member

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    Patriotic Millionaires For Fiscal Strength
     
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  4. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Murdoch has nothing to do with MY common sense.

    I dont even watch his network and I know this is STUPID!

    You guys get your marching orders from the DNC.... I get mine from my own reading and my own reasoning. I dont need to be told what to think as you guys do.
     
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  5. DaGoose
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    DaGoose Gold Member

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    Now wait a minute CG. What makes a piece "unbalanced"? Either stretching the truth or lying, right? (Have you ever heard the expression "A half truth is a whole lie"?)

    Well then please show me what is so unbalanced about it.
     
  6. JimH52
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    JimH52 Platinum Member

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    Good Link!
     
  7. California Girl
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    California Girl BANNED

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    No need to deflect, just admit you posted a stupid comment.

    Thread has nothing to do with Murdoch... however, if you have evidence that he hacked anyone's phone, there's an inquiry in the UK that would welcome your evidence.
     
  8. The T
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    The T George S. Patton Party Supporting Member

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    Can't give REP at this time...you know the drill...
     
  9. DaGoose
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    DaGoose Gold Member

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    Don't be so sure.

    http://www.bloomberg.com/news/2011-...conomy-for-republican-supporters-in-poll.html

    We all know that the devil is in the details but don't kid yourself that you're opinion is anywhere near the majority.
     
    Last edited: Feb 4, 2012
  10. Andrew2382
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    Andrew2382 Gold Member

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    The Top 400 tax filers – the very richest Americans – do pay a lower rate of just 18.11 percent of their total income. Why? Many of them are hedge fund managers and people like Buffet — their income is pegged how much their investment fund grows. For some reason, this income is counted as so-called “carried interest” (even though it is not interest at all; it’s more like a performance bonus) and is taxed at the lower 15 percent capital gains rate.
    It’s a loophole for hedge managers, pure and simple. But while it may be an outrage that these uber-rich hedge fund managers pay such a low rate compared to the rest of us, there are just not many of them out there.
    But the top 400 tax filers represent a tiny sliver – just .00028 percent of all filers. The vast majority of those earning over $1 million a year pay at a higher rate, which is why the average tax rate for this group, according to the Tax Foundation, is 29.1 percent of taxable income. And, yes, this number includes income taxes, payroll taxes and capital gains taxes.
    The numbers change a bit if you look at total income before deductions and tax credits (Adjusted Gross Income), according to another non-partisan group, The Tax Foundation. Here’s how the numbers breakdown using IRS data from 2009 on Adjusted Gross Income for the income groups at issue in this discussion:
    - $10 million a year paid 22 percent.
    - $1 million to $10 million paid 25 percent.
    - $50,000 to $75,000 paid 7 percent.
     

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