Oh My...This IS Awkward - The Buffet Rule - The Prequel.

Discussion in 'Politics' started by Seawytch, Apr 10, 2012.

  1. Seawytch
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    Seawytch Information isnt Advocacy

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  2. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Can you people live in the Here and Now?

    I've never seen people cheer for having OTHERS taxes raised...

    what a sick country we have become
     
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  3. SniperFire
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    SniperFire Senior Member

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    WASHINGTON (AP) — A bill designed to enact President Barack Obama’s plan for a “Buffett rule” tax on the wealthy would rake in just $31 billion over the next 11 years, according to an estimate by Congress’ official tax analysts obtained by The Associated Press.

    That figure would be a drop in the bucket of the over $7 trillion in federal budget deficits projected during that period. It is also miniscule compared to the many hundreds of billions it would cost to repeal the alternative minimum tax, which Obama’s budget last month said he would replace with the Buffett rule tax.

    http://www.cbsnews.com/8301-250_162-57401005/buffett-rule-would-garner-$31-billion-in-taxes/



    For math-challenged LIbtards, that amounts to three days of government spending over 11 years.

    Yes, this thread is spam.
     
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  4. Seawytch
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    Seawytch Information isnt Advocacy

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    The Sainted Ronald Reagan supported the Buffet Rule. What WILL the tea baggers do?
     
  5. Stephanie
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    Stephanie Diamond Member Supporting Member

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    You're becoming a joke
     
  6. SniperFire
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    SniperFire Senior Member

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    He starts a thread and then ignores the proven point that the 'Buffet Rule' is virtually meaningless.

    LOL
     
  7. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Liberals are out of ideas...and there isn't a TAX that they don't love to impose on the American citizens of this country to keep this bloated Government alive.
     
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  8. mudwhistle
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    mudwhistle Diamond Member

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    If would be nice for you if it actually applied to Warren Buffet. Problem is Reagan was talking about somebody that makes over $100k, not millions and billions.

    I can't exactly say how the guy did it but my guess is by incorporating his business and paying himself a small salary out of that business he's able to shelter most of his income.....but if you compare the actual amount that each pays, he pays a smaller percentage in federal taxes but still a higher amount than someone who makes $20k. In Buffet's case a much higher amount......that is if he ever paid his taxes. Currently he is being sued by the government for not paying his taxes.


    Maybe Buffet cut a deal with Obama to forgive the millions he owes in taxes. Maybe that is why he decided to make a fool of himself and start showcasing Obama's class-warfare campaign.

    Currently if you're self-employed half of your income is gone to the government. Nobody could stay in business having to pay half of their income in federal taxes. Then the state gets their cut and pretty soon you don't have dick. That is why people incorporate. The IRS regs are too draconian for anyone to stay in business if they don't take advantage of deductions that are in the tax-code.

    But that,, according to you, is EVIL!!!!!! And listening to Obama lie about it is just icing on the cake.
     
  9. 8537
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    8537 Senior Member

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    lemme guess: You think TANF payments need to be abolished to help balance the budget.

    amiright?
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Berkshire Hathaway used stock for acquisitions so the seller could avoid or delay paying capital gains tax and Warren put all his wealth into a non-taxable trust so clearly, Buffet never supported the Buffet Rule
     

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