Democrats simply can't run on ideas

[BlackSand]

What ideas are republicans running on? We aren't Obama?

Pretty much.

That political platform is getting pretty popular with Democrat candidates as well.

.

 

[HereWeGoAgain]

What ideas are republicans running on? We aren't Obama?

You could trot out Charles Manson and beat obama.
Yes he's that bad....
And if you want to know what the Republicans are all about just look on Harry Reid's desk. You'll have 352 proposals to go through...unless of course you'd rather just pass em to see whats in em.

 

[Stephanie]

Why don't the Democrats just come right out and say they want FULL blown Socialism? Instead they hide behind smears and dirty politics such as some fake war on Women, Republicans wants to push grandma off a cliff in her wheel chair, etc

Smears, class warfare and dirty politics is their standard fare.

 

[DrDoomNGloom]

Neither can Republicans. Claiming to support a 'free market' of their own definition* or 'lower taxes', won't make me vote for them - any more than claiming to support the poor and downtrodden will make me vote Democrat.

*Politicians are happy to support a 'free market'. Yet they never tell me what they mean by a 'free market', is it the one where corporations monopolize the market and milk the people dry? Or the one that encourages innovation and free enterprise?

Any one with a shred of intelligence knows that a free market is an expression of support for a business model with little to no intervention by the government....................

The coal industry would be one this current administration has declared war on and by over regulating / over taxing has effectively shut that industry down .............

 

[HereWeGoAgain]

All I hear on tv & in their adds is:

Race bullshit
Minimum wage bullshit (I mean seriously, how many voters work for minimum wage? .02%?)
All of their adds are negative & appealing to the stupidest among us.
Their spouses run around STEALING the yard signs of their opponents.
They buy the votes of the most downtrodden.
They cheat like a 6 year old at checkers.

I would be embarrassed to publicly admit I was a democrat.

What ideas do the Republicans have? They seem to be entirely reactionary - whatever Obama is for, we're opposed to it. That and tax cuts for the very wealthy. If Obama came out as being for breathing, I would expect Republicans to be turning blue within minutes,

Tax cuts for the very wealthy would be difficult since wealth is not taxed.

Buffett says he s still paying lower tax rate than his secretary - Mar. 4 2013

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

 

[TooTall]

All I hear on tv & in their adds is:

Race bullshit
Minimum wage bullshit (I mean seriously, how many voters work for minimum wage? .02%?)
All of their adds are negative & appealing to the stupidest among us.
Their spouses run around STEALING the yard signs of their opponents.
They buy the votes of the most downtrodden.
They cheat like a 6 year old at checkers.

I would be embarrassed to publicly admit I was a democrat.

What ideas do the Republicans have? They seem to be entirely reactionary - whatever Obama is for, we're opposed to it. That and tax cuts for the very wealthy. If Obama came out as being for breathing, I would expect Republicans to be turning blue within minutes,

Tax cuts for the very wealthy would be difficult since wealth is not taxed.

Buffett says he s still paying lower tax rate than his secretary - Mar. 4 2013

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

 

[HereWeGoAgain]

What ideas do the Republicans have? They seem to be entirely reactionary - whatever Obama is for, we're opposed to it. That and tax cuts for the very wealthy. If Obama came out as being for breathing, I would expect Republicans to be turning blue within minutes,

Tax cuts for the very wealthy would be difficult since wealth is not taxed.

Buffett says he s still paying lower tax rate than his secretary - Mar. 4 2013

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

 

[Wildman]

"if you like your doctor you can keep your doctor, period."

"they have WMDs"

=============
NOT even close you stupid fucking liberscum

 

[hadit]

After whipping up all this race fury what will democrats do with it once the election is over?

What they always do. Ignore the minority population until the next election, at which time they pick up the ol' pompoms and start dancing in a circle again.

I don't believe that is true. I think the Democrats will try to end tax breaks to companies that have moved jobs overseas. The question is, will the GOP filbuster them like they always do? Will we have enough votes to make anything happen? Seems all it takes is 1 GOP obstructionist to stop anything we want to try.

Ah, yes, the "super powerful Republican" myth. I've heard that old canard tossed around every time Obama's incompetence gets mentioned.

And if unions/labor help get Schauer elected, he will have to reward them. If he doesn't like Jennifer Granholm ignored unions then it will cost the Democrats in 2018 same way it did in 2010. And unions bring up everyones wages. Even non union companies pay better for fear their employees may unionize. A rising tide lifts all boats, not just union boats.

What does that have to do with the inevitable democrat exploitation of the black population?

 

[DrDoomNGloom]

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

I see HWGA has already explained the mechanics of the tax.

[Excerpt]
Taxes

The rich pay majority of U.S. income taxes
By Steve Hargreaves @hargreavesCNN March 12, 2013: 3:29 PM ET

Put down your pitchforks. The wealthiest 10% pay a big majority of federal income taxes. Pick up your pitchforks. The story is more complicated than that.
NEW YORK (CNNMoney)
Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States.
What's more, their share of the tax burden is increasing.

The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a think tank that advocates for lower taxes. That's up from 55% in 1986.

The remaining 90% bore just under 30% of the tax burden. And 47% of all Americans pay hardly anything at all -- a fact that got Republican presidential candidate Mitt Romney into political hot water last year.

"There's been a huge myth created that the rich aren't paying anything," said William McBride, the Tax Foundation's chief economist. "The rich pay a much higher rate than the poor."

These numbers may not tell the whole story though.

Related: Why America's middle class is losing ground

The tax code is getting more progressive, said Roberton Williams, a senior economist at the centrist Tax Policy Center. In 1986 there were just two tax rates -- 15% and 28%. Now there are seven income tax brackets, going from a low of 10% to a high of nearly 40%.

While taxes on investment income have declined a bit since 1986, incentives like child care and income tax credits for the poor have been greatly expanded.

But the rich are able to take advantage of tax breaks too. That's why Williams said there's a popular notion that the wealthy are somehow cheating the tax man. In fact, the Tax Policy Center found last year that there about 4,000 households with incomes over $1 million that were not paying anything at all.[/Excerpt]

Are you part of that 47% mentioned??

[Excerpt]
For 2013, families with incomes in the top 20 percent of the nation will pay an average of 27.2 percent of their income in federal taxes, according to projections by the Tax Policy Center, a research organization based in Washington. The top one percent of households, those with incomes averaging $1.4 million, will pay an average of 35.5 percent.
[/Excerpt]
Wealthy s Tax Bill Will Hit 30-Year High in 2013

Now look real FACTS say that class (Warren Buffets Class) pays a whopping 35.5% after deductions ......................
Now we have actual facts out and not your lies ...........................
Is that better??

 

[sealybobo]

All I hear on tv & in their adds is:

Race bullshit
Minimum wage bullshit (I mean seriously, how many voters work for minimum wage? .02%?)
All of their adds are negative & appealing to the stupidest among us.
Their spouses run around STEALING the yard signs of their opponents.
They buy the votes of the most downtrodden.
They cheat like a 6 year old at checkers.

I would be embarrassed to publicly admit I was a democrat.

What ideas do the Republicans have? They seem to be entirely reactionary - whatever Obama is for, we're opposed to it. That and tax cuts for the very wealthy. If Obama came out as being for breathing, I would expect Republicans to be turning blue within minutes,

Tax cuts for the very wealthy would be difficult since wealth is not taxed.

Buffett says he s still paying lower tax rate than his secretary - Mar. 4 2013

actually he pays 10,000 times more than his secretary assuming he makes 200 million a year. It does not seem fair does it?

Stop crying about what's fair. What worked Harry? When these guys made it big in America, they made it in a country where the rich paid those kinds of taxes. Now that they are the old rich people, they don't want to pay the same taxes as the rich before them paid? Well then of course it's going to be harder for the next generation to make it when the rich in front of them are a bunch of selfish, greedy pricks who don't get it that they are trying to change the game after they have made it! You don't get to do that Harry. If your grandparents made a good life for themselves back when college was cheap and wages were high and we had safety nets, etc, how dare they once they get old try to pass laws that make college more expensive and eliminate the safety nets, lower wages, etc that existed when they were up and coming.

 

[sealybobo]

After whipping up all this race fury what will democrats do with it once the election is over?

What they always do. Ignore the minority population until the next election, at which time they pick up the ol' pompoms and start dancing in a circle again.

I don't believe that is true. I think the Democrats will try to end tax breaks to companies that have moved jobs overseas. The question is, will the GOP filbuster them like they always do? Will we have enough votes to make anything happen? Seems all it takes is 1 GOP obstructionist to stop anything we want to try.

Ah, yes, the "super powerful Republican" myth. I've heard that old canard tossed around every time Obama's incompetence gets mentioned.

And if unions/labor help get Schauer elected, he will have to reward them. If he doesn't like Jennifer Granholm ignored unions then it will cost the Democrats in 2018 same way it did in 2010. And unions bring up everyones wages. Even non union companies pay better for fear their employees may unionize. A rising tide lifts all boats, not just union boats.

What does that have to do with the inevitable democrat exploitation of the black population?

At least blacks are voting for the right party. It is you poor and middle class whites that are voting ignorantly. To the GOP you're a ****** too dummy.

 

[TooTall]

Tax cuts for the very wealthy would be difficult since wealth is not taxed.

Buffett says he s still paying lower tax rate than his secretary - Mar. 4 2013

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

Buffett made that statement in 2011 when the capital gains rate was 15% for all tax brackets,

By WARREN E. BUFFETT

Published: August 14, 2011

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

 

[hadit]

After whipping up all this race fury what will democrats do with it once the election is over?

What they always do. Ignore the minority population until the next election, at which time they pick up the ol' pompoms and start dancing in a circle again.

I don't believe that is true. I think the Democrats will try to end tax breaks to companies that have moved jobs overseas. The question is, will the GOP filbuster them like they always do? Will we have enough votes to make anything happen? Seems all it takes is 1 GOP obstructionist to stop anything we want to try.

Ah, yes, the "super powerful Republican" myth. I've heard that old canard tossed around every time Obama's incompetence gets mentioned.

And if unions/labor help get Schauer elected, he will have to reward them. If he doesn't like Jennifer Granholm ignored unions then it will cost the Democrats in 2018 same way it did in 2010. And unions bring up everyones wages. Even non union companies pay better for fear their employees may unionize. A rising tide lifts all boats, not just union boats.

What does that have to do with the inevitable democrat exploitation of the black population?

At least blacks are voting for the right party. It is you poor and middle class whites that are voting ignorantly. To the GOP you're a ****** too dummy.

So you agree that your post didn't relate to the topic at hand and therefore should be ignored?

 

[DrDoomNGloom]

Stop crying about what's fair. What worked Harry? When these guys made it big in America, they made it in a country where the rich paid those kinds of taxes. Now that they are the old rich people, they don't want to pay the same taxes as the rich before them paid? Well then of course it's going to be harder for the next generation to make it when the rich in front of them are a bunch of selfish, greedy pricks who don't get it that they are trying to change the game after they have made it! You don't get to do that Harry. If your grandparents made a good life for themselves back when college was cheap and wages were high and we had safety nets, etc, how dare they once they get old try to pass laws that make college more expensive and eliminate the safety nets, lower wages, etc that existed when they were up and coming.

The taxes have steadily went up on the wealthy, see my previous post for graph.

How do you pass laws that make college more expensive or lower wages??

The continuous taxing and now mandatory insurance premiums have decreased take home disposable income despite the fact wages have continued to rise.

So what are these safety nets you are ranting about they have legislated against??

Your problem is the affluent have intelligence and you don't ................

Do you pay any taxes at all or you just another societal leech with an axe to grind because life shitted you out of your intelligence quotient that you feel others got ??

 

[HereWeGoAgain]

Buffett says he s still paying lower tax rate than his secretary - Mar. 4 2013

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

Buffett made that statement in 2011 when the capital gains rate was 15% for all tax brackets,

By WARREN E. BUFFETT

Published: August 14, 2011

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Wrong .......again.

Buffett says he s still paying lower tax rate than his secretary - Mar. 4 2013

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

Buffett made that statement in 2011 when the capital gains rate was 15% for all tax brackets,

By WARREN E. BUFFETT

Published: August 14, 2011

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Why do I care what buffet said in 2011?

Capital Gains Tax Rate for 2013 and 2014 58 Increase for Top Earners

Taxes on Income and Capital Gains for 2014

 

[hipeter924]

Neither can Republicans. Claiming to support a 'free market' of their own definition* or 'lower taxes', won't make me vote for them - any more than claiming to support the poor and downtrodden will make me vote Democrat.

*Politicians are happy to support a 'free market'. Yet they never tell me what they mean by a 'free market', is it the one where corporations monopolize the market and milk the people dry? Or the one that encourages innovation and free enterprise?

Any one with a shred of intelligence knows that a free market is an expression of support for a business model with little to no intervention by the government....................

The coal industry would be one this current administration has declared war on and by over regulating / over taxing has effectively shut that industry down .............

The coal industry, much like the oil and gas industry, is a government sponsored monopoly. It may well be necessary to support them to help boost America's prosperity - however it is unfortunate that they are your perception of a free market.

 

[TooTall]

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

Buffett made that statement in 2011 when the capital gains rate was 15% for all tax brackets,

By WARREN E. BUFFETT

Published: August 14, 2011

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Wrong .......again.

That is because most of his income is from capital gains and the tax code has that set at a rate of 15%. Anyone that owns stocks or sells their house for a capital gain knows that.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

Buffett made that statement in 2011 when the capital gains rate was 15% for all tax brackets,

By WARREN E. BUFFETT

Published: August 14, 2011

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Why do I care what buffet said in 2011?

Capital Gains Tax Rate for 2013 and 2014 58 Increase for Top Earners

Taxes on Income and Capital Gains for 2014

I don't really care what Warren Buffett says about how low his tax rate is. If he is so upset with only paying 18%, there is no law that would prevent him from giving ALL of his income to the Federal Government. An alternative would be for him to voluntarily pay or exceed the tax rate that his highest paid employee pays. In fact, I personally recommend that he do one or the other.

It is rather interesting that the same people that condemn the top 1% gather around one of them because he says he wants to pay more taxes. I suggest he is merely conning the folks to keep them off his case.

 

[HereWeGoAgain]

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

Buffett made that statement in 2011 when the capital gains rate was 15% for all tax brackets,

By WARREN E. BUFFETT

Published: August 14, 2011

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Wrong .......again.

Not quite that simple...
Capital Gains Tax Gets More Complicated - Forbes

`

That is because most of his income is from capital gains and the tax code has that set at a rate of 15% for people in Buffetts tax bracket. Is that better?

Not true.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land. Though assets frequently increase in value, taxes on them are deferred until the item is sold and the profits are realized. If the item is held for less than a year, the gain is taxed at ordinary rates (up to 39.6 percent). If an item is held for over a year, it is taxed at long-term capital gain rates. Taxpayers in the bottom two brackets pay a zero percent rate on these gains, those in the middle brackets pay 15 percent, and those in the top bracket pay 20 percent. Taxpayers with over $200,000 of income (or $250,000 for married couples) will also pay an additional 3.8 percent tax on unearned income starting this year as a result of the Affordable Care Act, bringing the effective top rate up to 23.8 percent. This tax is not paid on the entirety of revenue from an asset sale, but rather the difference in value between when the asset was bought and when it was sold.

Buffett made that statement in 2011 when the capital gains rate was 15% for all tax brackets,

By WARREN E. BUFFETT

Published: August 14, 2011

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Why do I care what buffet said in 2011?

Capital Gains Tax Rate for 2013 and 2014 58 Increase for Top Earners

Taxes on Income and Capital Gains for 2014

I don't really care what Warren Buffett says about how low his tax rate is. If he is so upset with only paying 18%, there is no law that would prevent him from giving ALL of his income to the Federal Government. An alternative would be for him to voluntarily pay or exceed the tax rate that his highest paid employee pays. In fact, I personally recommend that he do one or the other.

It is rather interesting that the same people that condemn the top 1% gather around one of them because he says he wants to pay more taxes. I suggest he is merely conning the folks to keep them off his case.

WTF??

 

[DrDoomNGloom]

The coal industry would be one this current administration has declared war on and by over regulating / over taxing has effectively shut that industry down .............

The coal industry, much like the oil and gas industry, is a government sponsored monopoly. It may well be necessary to support them to help boost America's prosperity - however it is unfortunate that they are your perception of a free market.

Uh, what planet do you live on??

[Excerpt]
WarOnCoal.com: Stop Obama's War on Coal
129,095 Letters and Emails Sent So Far


The American people rejected cap-and-trade (President Obama’s plan to make electricity prices “necessarily skyrocket” and “bankrupt coal”) in one of the biggest landslide elections in history in 2010. The day after that election, Obama said: “Cap and trade was just one way of skinning the cat; it was not the only way. It was a means, not an end.”

Since then, Obama has worked overtime to act as if the cap-and-trade bill passed and to twist decades-old laws in order to bankrupt coal and drive up the price of electricity.

Obama's staggering array of anti-coal regulations will effectively shut down all coal-fired power plants in America, a genuine economic catastrophe that will make prices “necessarily skyrocket” and undermine the reliability of our electric grid.
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[Excerpt]

Pushing Back Against Obama's War on Coal
A dozen states filed suit on Friday to stop an ideological EPA campaign that will damage the U.S. economy.



By
Mike Kelly
Aug. 3, 2014 4:48 p.m. ET
A dozen states filed suit on Friday to stop the Environmental Protection Agency from enacting its "Clean Power Plan," new rules that will put many coal-fired power plants out of business. The filing came the same week the EPA held nation-wide public hearings about the plan—including in Pittsburgh, where thousands of coal workers turned out to register their unhappiness with the Obama administration's intentions.

Coal workers are upset because the White House-ordered regulatory scheme will badly damage the coal industry and cost Americans in higher electricity costs and lost jobs while doing little to fight climate change. It was good to see coal finally get a public hearing. The bad news is that President Obama and the EPA have already issued their guilty verdict and handed down the sentence.

Coal generates 40% of America's electricity—more than any other energy source. Its stable price and abundance insulates the U.S. economy from spikes in energy demand. Yet the EPA is proposing to destroy coal's benefits by imposing onerous emissions standards on all existing power plants, under the threat of crippling fines, which is certain to lead to plant closures.

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Emissions rise from the American Electric Power Co. Inc. coal-fired John E. Amos Power Plant in Winfield, West Virginia, U.S., on Thursday, July 31, 2014. Bloomberg News

The EPA's war on coal has troubling economic implications for every American and U.S. business. As the new regulations take effect, Americans could see their electric bills increase annually by more than 10%—$150 for the average consumer—by the end of the decade, according to the American Action Forum.

By keeping energy rates reliably low, coal helps give U.S. manufacturing its global edge against foreign competitors. On June 2 the National Association of Manufacturers warned that the EPA rule "could single-handedly eliminate this competitive advantage by removing reliable and abundant sources of energy from our nation's energy mix."

Coal also provides, directly and indirectly, hundreds of thousands of jobs across the country. In my state of Pennsylvania, more than 40,000 jobs are tied to coal production, including thousands of manufacturing jobs in factories powered by coal. Federal regulations have already forced two plants in my district to close over the past two years. The National Mining Association estimates that more than 300 plants will retire nationwide due to EPA rules over the next six years. When mines and plants shut down, manufacturing costs rise and employment plummets.

According to the Heritage Foundation, the result of the EPA's proposed rule "will be fewer jobs and less income for American families." A study by the foundation released in June predicts that the EPA's anti-coal crusade could terminate 600,000 American jobs by 2023 while dampening economic growth by more than $2 trillion.

What is the point of all this pain? China and India, not the United States, are the biggest emitters of carbon dioxide from coal. China alone has increased coal production by more than 24% since 2005, according to the Energy Information Administration, while the U.S. power sector's carbon emissions have declined by 15%. According to the National Mining Association, a coal plant built today emits 90% fewer emissions than a plant built in the 1970s. That's not clean enough for the EPA.

The New Republic puts it this way: "The goal of these regulations is not to stop global warming, but to prove to the international community that the U.S. is ready to pay additional costs to combat climate change." In other words, the Obama administration expects the American people to sacrifice for the sake of mere symbolism.

I recently introduced the Coal Country Protection Act (H.R. 4808) in the House of Representatives, a companion to Minority Leader Mitch McConnell's legislation in the Senate. This bipartisan bill—co-sponsored by West Virginia Democrat Nick Rahall, among others—would halt new EPA regulation on power plants until there is a guarantee that there will be no loss of American jobs, no drop in gross domestic product, no higher electricity rates and no interruption in energy delivery.

In January 2008 as a presidential candidate, Mr. Obama promised that "electricity rates would necessarily sky-rocket" under his policies and boasted that "if somebody wants to build a coal plant, they can—it's just that [it] will bankrupt them." He has shown as president that he intends to make good on that promise by eradicating coal from American life.

He used his first-year political capital to try to pass a cap-and-trade plan, but that legislation failed even in the Democratic Senate. Now he is leading the charge again through regulatory fiat. The Clean Power Plan must be stopped—not just for coal country, but the whole country.
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A free market is a market system in which the prices for goods and services are set freely by consent between sellers and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. A free market contrasts with a controlled market or regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or directly setting prices. A free market economy is a market-based economy where prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy, and it typically entails support for highly competitive markets and private ownership of productive enterprises. Although free markets are commonly associated with capitalism in contemporary usage and popular culture, free markets have been advocated by market anarchists, market socialists, and some proponents of cooperatives and advocates of profit sharing.[1]
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