Warren Buffett Says its Fair to Raise Taxes on Rich

[red states rule]

ARRRGGGHHH!

I have a degree in economics!

And I've taught finance at University!

Please take a refresher course

 

[JeffWartman]

You must never have taken Economics 101

We the people pay the corporate taxes everytime

Wrong. You don't know anything about economics.

 

[JeffWartman]

ARRRGGGHHH!

I have a degree in economics!

And I've taught finance at University!

I'm almost to the point where I have to stop listening to RSR.

His unintelligence will destroy any semblance of a real debate.

 

[JeffWartman]

Please take a refresher course

Do you have a degree? And if so, what in?

 

[Toro]

Please take a refresher course

I could teach the refresher course.

 

[red states rule]

Wrong. You don't know anything about economics.

So the companies have this vault full of cash just waiting to hand it over to the government?

 

[Care4all]

Warren Buffet who made 54 million dollars last year paid only 17% in personal income taxes while his secretary had to pay nearly 30%....Warren Buffet himself says, this is NOT RIGHT AND JUST.

Why is it okay to tax the working man more than the top 1% income earners? What is WRONG with you people to think this is okay?

It is NOT okay. PERIOD.

 

[red states rule]

Warren Buffet who made 54 million dollars last year paid only 17% in personal income taxes while his secretary had to pay nearly 30%....Warren Buffet himself says, this is NOT RIGHT AND JUST.

Why is it okay to tax the working man more than the top 1% income earners? What is WRONG with you people to think this is okay?

It is NOT okay. PERIOD.

So 17% of $54 million is what?

Why do libs have such a problem with wealth envy? How much more money does Buffet generate by his business? How many jobs does he provide? How much in taxes do those workers pay? How much in taxes does the government make off his investors who are making money? How much in taxes does the government make off the things Buffet buys?

The list goes on

Government is making alot of money off people like Buffet yet it is never enough to the libs

They also ignore, mnoney to the government is at records levels (that is with tax cuts) and the annual deficit is more then 50% lower

Libs now want to fuck all that up by raising taxes

 

[Care4all]

So 17% of $54 million is what?

Why do libs have such a problem with wealth envy? How much more money does Buffet generate by his business? How many jobs does he provide? How much in taxes do those workers pay? How much in taxes does the government make off his investors who are making money? How much in taxes does the government make off the things Buffet buys?

The list goes on

Government is making alot of money off people like Buffet yet it is never enough to the libs

They also ignore, mnoney to the government is at records levels (that is with tax cuts) and the annual deficit is more then 50% lower

Libs now want to fuck all that up by raising taxes

good morning rsr,

warren buffet SAYS he doesn't pay enough in taxes compared to the BURDEN of taxes that his secretary has to pay. 17% of his income for him and 30% on his secretary's income.

Is the richest man in america wrong?

This was his PERSONAL income tax, not MONEY HE MADE FOR A CORPORATION....his personal income.

does warren buffet have ''wealth envy''? i think not!


care

 

[red states rule]

good morning rsr,

warren buffet SAYS he doesn't pay enough in taxes compared to the BURDEN of taxes that his secretary has to pay. 17% of his income for him and 30% on his secretary's income.

Is the richest man in america wrong?

This was his PERSONAL income tax, not MONEY HE MADE FOR A CORPORATION....his personal income.

does warren buffet have ''wealth envy''? i think not!


care

Care, the point is - people like Buffet generate much more revenue through their employees, investments, and personal spending

If Waren feels he is not paying enough, let him send a bonus tax in. Why the hell should he decide what is "fair"

Something you may not know about

In 1990, in another lame attempt to work with Dems, the Federal Luxury tax was passed. Dems said it would make the "rich" pay their fair share when they buy things like yachts

The added 10% tax would bring in more revenue and help balance the budget

One problem. the 10% tax caused people NOT to buy yachts. When they ceased buying, the ship builders lost their jobs, the companies closed, the taxes the workers paid went away, the local economies took a hit, and the local and state governments lost money

Now do you see how much more moeny the "rich" generate beside the taxes they pay on their income

BTW, Clinton had to repeal the 10% tax - and the yachts started to sell again

 

[Toro]

So RSR supports a regressive tax system then.

 

[Care4all]

Care, the point is - people like Buffet generate much more revenue through their employees, investments, and personal spending

If Waren feels he is not paying enough, let him send a bonus tax in. Why the hell should he decide what is "fair"

Something you may not know about

In 1990, in another lame attempt to work with Dems, the Federal Luxury tax was passed. Dems said it would make the "rich" pay their fair share when they buy things like yachts

The added 10% tax would bring in more revenue and help balance the budget

One problem. the 10% tax caused people NOT to buy yachts. When they ceased buying, the ship builders lost their jobs, the companies closed, the taxes the workers paid went away, the local economies took a hit, and the local and state governments lost money

Now do you see how much more moeny the "rich" generate beside the taxes they pay on their income

BTW, Clinton had to repeal the 10% tax - and the yachts started to sell again

So you believe in taxing people that are just making it, MORE than the multi millionaire and billionaire?

That is absurd RSR!!!!

Also, if the Secretary was only paying 17% instead of 30% don't you think her extra money in her hand wouldn't go RIGHT IN TO THE ECONOMY TOO?

I don't get it?

Buffet already gave $30 billion to causes for those that have less so the gvt won't be needed as much but he still feels people like him are not giving enough when you have to tax his secretary at 30% and him only at 17%?

 

[Larkinn]

So RSR supports a regressive tax system then.

Regressive is when there is just a flat tax, yes?

Rsr seems to be supporting a system in which those who make more, are taxed less. By his logic the improverished of America should be paying 70 or 80% of their incomes.

 

[JeffWartman]

Regressive is when there is just a flat tax, yes?

Rsr seems to be supporting a system in which those who make more, are taxed less. By his logic the improverished of America should be paying 70 or 80% of their incomes.

No. A regressive tax system is the opposite of a progressive tax system, meaning in a regressive tax system, the less you have in taxable income, the MORE you pay in taxes.

 

[JeffWartman]

So the companies have this vault full of cash just waiting to hand it over to the government?

That example if absurd. If you knew anything about economics, you'd know that.

 

[JeffWartman]

Do you have a degree? And if so, what in?

I asked RSR this earlier and he ignored me...so can you please answer my question, RSR?

 

[red states rule]

That example if absurd. If you knew anything about economics, you'd know that.

so are libs thinking raising taxes on business is a good idea

 

[red states rule]

Regressive is when there is just a flat tax, yes?

Rsr seems to be supporting a system in which those who make more, are taxed less. By his logic the improverished of America should be paying 70 or 80% of their incomes.

a flat tax that would replace the tax code would be perfect

everybody pays the same rate

 

[red states rule]

So you believe in taxing people that are just making it, MORE than the multi millionaire and billionaire?

That is absurd RSR!!!!

Also, if the Secretary was only paying 17% instead of 30% don't you think her extra money in her hand wouldn't go RIGHT IN TO THE ECONOMY TOO?

I don't get it?

Buffet already gave $30 billion to causes for those that have less so the gvt won't be needed as much but he still feels people like him are not giving enough when you have to tax his secretary at 30% and him only at 17%?

Care, Buffett paid alot more in taxes then his Secretary, The top 25% already pay 85% of the taxes

How much more do you want them to pay?

 

[JeffWartman]

RSR, why are you ignoring my question?