The Buffet Tax

[Wiseacre]

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.

 

[bitterlyclingin]

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.

 

[The Infidel]

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.

 

[The Rabbi]

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

 

[Failzero]

Buffet owes $1 billion in back taxes

 

[Wiseacre]

Buffet owes $1 billion in back taxes

You can't be serious. Where'd you hear that?

 

[MiddleClass]

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.

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%

 

[Failzero]

Buffet owes $1 billion in back taxes

You can't be serious. Where'd you hear that?

On Elrushbo 10 mins ago

 

[Oddball]

Buffet owes $1 billion in back taxes

You can't be serious. Where'd you hear that?

Berkshire Hathaway Hasn't Paid Taxes | Mogulite

 

[Wiseacre]

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.

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%

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

 

[Wiseacre]

Buffet owes $1 billion in back taxes

You can't be serious. Where'd you hear that?

Berkshire Hathaway Hasn't Paid Taxes | Mogulite

Wow, thanks for posting this. Kinda falls in line with the Treasury Sec'y who didn't pay his taxes either. The hypocrisy is mindboggling.

 

[Claudette]

Doesn't Buffet pay on his capital gains and not his income??

 

[Failzero]

You can't be serious. Where'd you hear that?

Berkshire Hathaway Hasn't Paid Taxes | Mogulite

Wow, thanks for posting this. Kinda falls in line with the Treasury Sec'y who didn't pay his taxes either. The hypocrisy is mindboggling.

Folks will have to die to wrest our country back from the progressives .

 

[Claudette]

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.

You got it.

Barry is campaigning. He really needs something he can hit back at the Reps with.

He sure as hell can't run on his record because that sucks.

He will try to label the Reps as obstructionist and hope folks buy it.

 

[martybegan]

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.

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%

And how is this helping the middle class? Are they going to lower your taxes as an offset to the tax increase on the rich?

And guess what? In NYC a couple making 250k is the top strata of middle class, so they are getting a tax increase too.

Also middle class are people who work for industries that rely on the wealthy buying crap, so now that they will have less money, all those mercedes dealers, high end home builders, and artists making $30,000 trash baskets have to go suck an egg.

But of course, the federal workforce and those who leach off it will be just fine.

 

[The Infidel]

You can't be serious. Where'd you hear that?

Berkshire Hathaway Hasn't Paid Taxes | Mogulite

Wow, thanks for posting this. Kinda falls in line with the Treasury Sec'y who didn't pay his taxes either. The hypocrisy is mindboggling.

Just to help out here...

Report: Buffett's Berkshire Owes $1 Billion In Back Taxes

Update: Warren Buffett’s Company Owes Nearly $1 Billion in Taxes | TheBlaze.com

August 30, 2011
Warren 'Raise My Taxes' Buffett's Company May Owe IRS $1 Billion | NewsBusters.org

 

[Wiseacre]

Berkshire Hathaway Hasn't Paid Taxes | Mogulite

Wow, thanks for posting this. Kinda falls in line with the Treasury Sec'y who didn't pay his taxes either. The hypocrisy is mindboggling.

Just to help out here...

Report: Buffett's Berkshire Owes $1 Billion In Back Taxes

Update: Warren Buffett’s Company Owes Nearly $1 Billion in Taxes | TheBlaze.com

August 30, 2011
Warren 'Raise My Taxes' Buffett's Company May Owe IRS $1 Billion | NewsBusters.org

I'm sure Buffet pays his personal taxes, otherwise the hue and cry would be long and loud over a dem supporter calling for higher tax rates when he hasn't paid his own taxes. But as it is, when Berkshire hasn't paid nearly billion in taxes it is outragious that he should be saying anything or the president would use his name.

 

[Soggy in NOLA]

You can't be serious. Where'd you hear that?

Berkshire Hathaway Hasn't Paid Taxes | Mogulite

Wow, thanks for posting this. Kinda falls in line with the Treasury Sec'y who didn't pay his taxes either. The hypocrisy is mindboggling.

Not really.... look at all the fifty percenters on this board alone calling on the other half to pay more. It's part and parcel of who they are... they love taxes on everybody else.

 

[Liberty]

Mr. President, if you're going to propose a "Buffet Tax" to punish wealthy individuals, how about an "Immelt Corporate Tax" as well to make sure corporations like GE pay their "fair share."

Oh wait, it's because you and Immelt are best buddies and you are a corrupt assclown.

Well done, sir. Well done.; you set out to destroy the country and you are doing it pretty fucking well. You set out to destroy the country you hate, rose to the top on the backs of the braindead idiots that you convinced to vote for you, and now you willfully choose to bring the USA to it's knees.

There is no doubt in a rational person's mind that this President's sole purpose is to bring America to it's knees in the name of global social justice; a concept born of socialistic philosophy and motivationally achieved through pure hatred towards the USA. Worst. President. Ever.

 

[Oddball]

There already is a "Buffet Tax": The alternative minimum tax.

Turns out that one isn't working so hot.