- Mar 7, 2014
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The problem here Ray, is that A) you're listening to the reporter who do the bidding for the rich and B) you're playing games with facts to make it look like something it isn't.
See the average income tax for those who earn $10 million or more is LOWER than those who earn $1 million? And yet there's nothing there about the multitudes who earn LESS than $1 million. We call it cherry picking Ray.
Also, this is ONLY income tax. It doesn't include other taxes which the rich manage to get past.
And they've manage to dupe the fuck out of your ass, as you're their star fucking cheer leader with big tits.
"Billionaire investing guru Warren Buffett is famous for saying that he pays a lower income tax rate than his secretary, "
How much? How much does Buffett pay?
I asked a SPECIFIC question and all you did was post a webpage which DOES NOT answer my question.
"Thanks to tax loopholes like those, one out of every three of America's top 400 income earners, each of whom had income above $110 million, paid a tax rate that was less than 15% in 2008, "
Less than 15%. 0% is less than 15%. -30% is less than 15%.
So how much do these one in three top 400 earns actually pay? You can't tell me, can you?
8% of these, that's 32 billionaires, pay under 10%. Who's betting that these people are people like the Koch brothers, the people who spend a lot of money making sure they don't end up paying taxes. Instead they spend it on fooling people like you.
But again Ray, all this says is INCOME TAX.
I didn't ask about INCOME TAX. I asked about TAX.
So, do you have this information, or are you just going to throw websites at me which don't tell me anything?
You must think we have a flat tax in this country or something. Many of those billionaires make their money on capital gains---not income. Because of that, they are taxed differently. There are also low taxed bonds and those sort of things that keep their taxes lower even though they don't get a tremendous return as they would other investments.
What I can't figure out is your argument: is it the rich vs the richer or is it the rich vs the average person that you're upset about???? Remember that it's people like Buffett that are aiding our retirement accounts in the market. We want to encourage that--not discourage it.
Top 40% paying ALL income taxes, and leaving a tip
Buffet is yet another leftist hypocrite. How long did he fight the IRS last time because he felt he was paying too much in taxes? Think Buffett doesn't take every tax write-off he's allowed to? How about Gates? How about the Hollywood left?
The New York Times Paid No Taxes in 2014 - Breitbart
Yes, I know they're taxed differently.
The question I asked was "HOW MUCH DO THEY PAY IN TAX?" and your answer was "here's some article about one type of tax" and my response was "that doesn't tell me ANYTHING".
It's that simple.
You think Buffett is doing all this for you? He's not. There's a reason we don't know how much these people pay, and it's because they don't want us to know how little they're paying.
Actually I think because it's none of our business. No matter what they pay, it's still a hell of a lot more than what your average American pays.
No, Buffett isn't doing anything for me, it just happens to work out that way. The reason we have lower capital gains taxes IS to encourage investments that do benefit all of us.
And that's the other thing that bothers me so much about these topics. The wealthy do benefit our society greatly. They create jobs, new taxation, products, services, and all the left can think of doing is cutting them down. The people they defend are the leaches of our society that contribute little or nothing, create problems for society, and people we can generally do without if you ask me.
I'm sorry, but I just don't understand that mindset.
I'd say it would be none of our business if what they were paying were FAIR.
The problem is some of them have managed to buy Congress, buy politicians and when it becomes that corrupt, it is the business of the people.
One thing is to encourage investment. Another is to encourage rich people to give lots of money to politicians to do the bidding of the rich. Taxing the rich at a lower rate might encourage investment, but taxing the poorer people at a lower rate can encourage spending, as can taxing the Middle Class at a lower rate. You can make such arguments all day, but that doesn't stop things being unfair.
I'm not talking here about taxing the wealthy to death. I'm talking about making them pay a fair amount which people can trust in. The problem is you have the Koch brothers trying to take over the country. That doesn't benefit you. The partisan politics that they're defending because it's in their interests is killing the country.
There is a problem also with the leaches of society. But the rich don't care. They like having these people in order to create an environment where they can manipulate people all the time.
Can you honestly say that only the wealthy contribute to politicians for their benefit? The trial lawyers don't do it, the unions don't do it, the environmentalists don't do it, the animal rights people don't do it?
So you tell me, what is "fair" for the wealthy to pay in your mind? Give me a number. Give me a percentage, a total figure, something.........
The very idea that 50% of our people that pay the taxes for 100% of our people isn't fair is astonishing.
Can we at least agree that the word "fair" means equal? If so, would not fair share mean everybody pays the same amount?
I can honestly say that only the wealthy have enough money to throw at politicians for politicians to do their bidding.
Unions give money, but they give the money of many. People getting together in groups. This isn't about individuals.
Fair isn't a figure, it's not a percentage. It's a "you benefit from the govt, therefore you need to pay for what you benefit from it".
We've been through this before Ray.
If you have a multinational and they pay 10% of tax, and a competing business which pays 30% of tax, but the multinational pays $500 million and the small business pays $10,000, which of those figures makes it unfair?