So Mitt is in the same tax bracket as Buffet but Mitt is bad and Buffet is good

Discussion in 'Politics' started by Grampa Murked U, Jan 18, 2012.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Funny how things come full circle. They both pay the same rate basically but since Buffet cries about it he gets a pass? Have I got this right? Can I rob my neighbor as long as I condemn it while I do it?
     
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  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    And don't give me that "he says they should be raised" bullshit. Anyone can use talking points. He he truly felt he was robbing the poor he could pay more. No one is forcing him to use loopholes and deductions. He could put his money where his mouth is but like EVERYONE else he enjoys his taxes being as low as possible.
     
  3. Care4all
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    Care4all Warrior Princess Supporting Member

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    didn't buffet say he paid 20% in federal taxes, which was less than what his secretary had to pay in federal taxes as a percentage?

    I thought Teresa Heinz Kerry got her federal taxes paid down to just 19% and I thought that was pretty damn low...

    Now Mitt is saying his was only 15% in federal taxes....I for one, had no idea that those in the 36% tax bracket paid so little as a percentage in federal taxes....!!!
     
  4. Decepticon
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    Decepticon BANNED

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    So you're argument is that since Mitt is apparently greedier than Buffet, and doesn't think he should pay more in taxes despite the evidence that tax cuts are what drove the deficits, that makes him morally superior somehow?

    You conservatives shouldn't be so hard on Socialism. Hell you socialized the costs of 30 years your tax cuts for the rich, buy shoving the debt incurred as a result on the rest of us.

    Seems to me, you conservatives like socialism just fine.
     
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  5. bripat9643
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    bripat9643 Diamond Member

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    Buffet gets a pass because he wants to raise Romney's taxes. Romney doesn't get a pass because he doesn't want to raise anyone's taxes.

    See how that works?
     
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  6. bripat9643
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    bripat9643 Diamond Member

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    There is no "cost" to the taxpayer for tax cuts, dipshit. Only parasites look at tax cuts as a "cost."
     
  7. Decepticon
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    Are you really that simple minded?

    Your argument assumes that low tax rates on top earners is preferable? Why do you think that? The top tax rates under that pinko commie EISENHOWER were over 90%, yet during that time of HIGH TOP TAX RATES, the middle class PROSPERED and GREW. Income mobility was the highest EVER in this country.

    Now over the last 30 years, all that has changed. Top tax rates are now 1/3rd of what they used to be. Yet, middle class income and mobility are both DOWN.

    Now, while high tax rates may not be directly causal, they certainly do not PRECLUDE middle class growth, while it appears that LOW tax rates DO preclude middle class growth. So by saying that reducing Romney's taxes is the preferable option, you show that you are AGAINST MIDDLE CLASS AMERICANS.

    Being WRONG about why you want to do something doesn't give you any MORAL superiority. It merely makes you appear ignorant.
     
    Last edited: Jan 18, 2012
  8. Care4all
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    Care4all Warrior Princess Supporting Member

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    WRONG bripat....there is most certainly "a cost" to tax cuts IF THE SPENDING IS NOT EQUALLY CUT......to go along with the tax cuts.....

    cutting taxes in a deficit spending period, while not cutting the spending, but increasing the spending....HURTS US ALL, bigtime! Can't you see that?
     
  9. Jarhead
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    Jarhead Gold Member

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    They do ONLY when it is cap gains income.

    Buffet assumed the people were naive when he said he pays less taxes than his secretary. He only does becuase he doesnt take money out of the company...He likely takes a minimal salary........likely 52K......and lets his distributions stay within the company...and then pays 15% on any cap gains he experiences.

    This strategy is nothing more than tax deferring....but again, Buffet assumed the people were too naive to realize that....and apparently he was correct.
     
  10. Jarhead
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    Jarhead Gold Member

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    tax cuts are offset by federal borrowing...assuming spending does not decrease.

    Sooner or later, that money needs to be paid back....and interest adds to it.

    So it IS a cost to the taxpayer.
     

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