Warren Buffett Would Pay As Little As 0.2 Percent Tax Under Perry’s Flat Tax Plan

[Lakhota]

By Seth Hanlon

Republican presidential candidate Rick Perry released a tax plan this week that he and many media reports called a “20 percent flat tax.” But Perry’s new alternative tax scheme is hardly “flat.”

Leaving aside the fact that it is layered on top of the existing tax code, it establishes not one but two different tax rates: 20 percent for wages, and zero percent for investment income. Because capital gains and dividends would be sheltered from taxes under Perry’s plan, some of the wealthiest Americans would wind up paying nowhere near 20 percent overall.

In fact, billionaire Warren Buffett, who has lamented the fact that he currently pays only 11 percent of his adjusted gross income in federal income taxes, would pay as little as 0.2 percent under Perry’s plan.

More: ANALYSIS: Warren Buffett Would Pay As Little As 0.2 Percent Tax Rate Under Rick Perry's Tax Plan | ThinkProgress

NOTE: Again, Buffett would pay 0.2% (less than 1%) under Perry's plan - not 20%.

 

[Lakhota]

Holy shit, Steve...

Steve Forbes Says He Thinks Rick Perry Will Be GOP 2012 Nominee - The Daily Beast

 

[Vast LWC]

Because that's what we need in this country.

More rewards going to the Bankers, and more wealth shifting to the ultra rich!

Good work Rick.

 

[Lakhota]

GRAPHIC: If American Land Was Distributed In The Same Way American Wealth Is | ThinkProgress

 

[Lakhota]

Most Millionaires Want Higher Taxes For Millionaires: Survey

Millionaires Support Warren Buffett’s Tax on the Rich - The Wealth Report - WSJ

 

[Avorysuds]

Most Millionaires Want Higher Taxes For Millionaires: Survey

Millionaires Support Warren Buffett’s Tax on the Rich - The Wealth Report - WSJ

Then call Obama and tell him to stop giving tax cuts, tax credits, bail outs and loop holes to rich friends you fuckin owned pos.

 

[Lakhota]

Most Millionaires Want Higher Taxes For Millionaires: Survey

Millionaires Support Warren Buffett’s Tax on the Rich - The Wealth Report - WSJ

Then call Obama and tell him to stop giving tax cuts, tax credits, bail outs and loop holes to rich friends you fuckin owned pos.

Please provide us with some "credible" proof to back up your diarrhea of the brain.

 

[Avorysuds]

Most Millionaires Want Higher Taxes For Millionaires: Survey

Millionaires Support Warren Buffett’s Tax on the Rich - The Wealth Report - WSJ

Then call Obama and tell him to stop giving tax cuts, tax credits, bail outs and loop holes to rich friends you fuckin owned pos.

Please provide us with some "credible" proof to back up your diarrhea of the brain.

5 years of Democrat Congress and 3 with Obama as President... Now tell me again how bad things are and how it's all the Republicans fault... Or wait, this week things are getting slightly better with Trillions being spent, lol...