The Buffet Tax

Discussion in 'Politics' started by Wiseacre, Sep 19, 2011.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Maybe I missed it, what is the tax tax rate going to be on capital gains under Obama's non-plan? Will it apply only to those making a million bucks and over, or those making over $250K, or everybody? How much extra revenue does he expect to get from this new tax?

    Of all the possible tax increases you can enact, increasing taxes on investment is the worst, in terms of hurting economic growth. In addition to all the myriad of tax increases that will take place in Jan 1, 2013, the hit on small businesses who are the backbone of the job creating engine from these tax hikes would be very bad. It is precisely the wrong message to send to investors and entrepeneurs, who will instead take their ideas and new businesses elsewhere.

    Of course, the truth is that Obama already knows this BS has no chance at all of getting through Congress, he's just manufacturing something he can use as politcal clout against the GOP nominee next year.
     
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  2. bitterlyclingin
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    bitterlyclingin Silver Member

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    The hole left by the Solyndra debacle is a big hole to fill. There will be more holes left by this man's multitudinous Ventures in Socialism for the taxpayor to fill.

    If you believe in "If its free, its for me!" vote Democratic.
     
  3. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    :clap2:
     
  4. The Rabbi
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    The Rabbi Diamond Member

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    And here I expected Michelle to champion this new tax on all you can eat buffets to combat obesity.
     
  5. Failzero
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    Failzero Member

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    Buffet owes $1 billion in back taxes
     
  6. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    You can't be serious. Where'd you hear that?
     
  7. MiddleClass
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    MiddleClass Moderate American

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    GET OVER IT - The Wealthy have had a free ride over the middle class for too long. The good days are over the tax obsessed Wealthy who have run roughshod over the middle class with the largest redistribution of wealth in American History - out of the middle class and into the coffers of the wealthiest 1%:eusa_eh:
     
  8. Failzero
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    Failzero Member

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    On Elrushbo 10 mins ago
     
  9. Oddball
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    Oddball BANNED Supporting Member

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  10. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    A free ride? You're fulla crap, who do you think pays most of the taxes in this country?
     

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