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One Of The Wealthiest Men In America Says Rich Not Paying Their Fair Share

Campbell

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Warren Buffett says the super-rich pay lower tax rates than others

It's not often you see someone stand up and say, "Tax me more!"

Yet that's just what famed investor Warren Buffett has done in an op-ed in the New York Times headlined, "Stop Coddling the Super-Rich." Buffett says that very wealthy people like himself pay lower tax rates than the middle class, thanks to special tax categories for investment income.

The part Buffet didn't mention is that not only payroll taxes the poorest of the poor pay a much higher percentage of their income than others. When every kind of local tax, fee, registration charge, license and other government and normal living required costs are added the rich are getting off and making out like a bandit when observed as a percentage of their total.

For example in Tennessee there is a state sales tax and in the county where I live there's also a local retail tax on everything one purchases. A poor bastard earning $30,000 a year pays the same gasoline tax as a millionaire and if one looks closely there's another form of taxation or fee being charged every time the poor man/woman opens his/her billfold/purse.
 
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Stephanie

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment
 
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Campbell

Campbell

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment

He's telling the truth. Why the hell should a normal everyday American pay at the same percentage as a millionaire? This country was built on everybody paying their fair share.....not a flat tax rate! We had a middle class until Reagan slashed tax rates to 50 year lows:

6a00d83451c45669e201675ecf1529970b-550wi


THEN THE RESULT. NOTICE THAT THE LOWER HALF ACTUALLY LOST BUYING POWER WHEN COMPARED TO 1979.....I WILL POINT OUT THAT BILL CLINTON RAISED TAX RATES IN 1993 AND IF YOU'LL LOOK CLOSELY HAD THE UPPER 1% HEADED TOWARD A CORRECTION BEFORE BUSH'S TAX CUTS IN 2001 AND 2003:

inequality-p25_averagehouseholdincom.png
 
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Ray From Cleveland

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment

He's telling the truth. Why the hell should a normal everyday American pay at the same percentage as a millionaire? This country was built on everybody paying their fair share.....not a flat tax rate! We had a middle class until Reagan slashed tax rates to 50 year lows:

6a00d83451c45669e201675ecf1529970b-550wi


THEN THE RESULT:

inequality-p25_averagehouseholdincom.png

Nearly half of Americans pay no income tax at all. And in this country, nobody pays their fair share. That's why the top 10% of wage earners in this country pay 70% of all collected income taxes.
 

Camp

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment
He has donated billions to charity and most of his wealth will be donated upon his death. Even his billions would not make a dent in the public debt. If all the billionaires donated the way Buffet does, however, lots of problems could be solved.
 

SassyIrishLass

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Left loons always bitching about people not paying their fair share....while not paying their fair share
 

Camp

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment

He's telling the truth. Why the hell should a normal everyday American pay at the same percentage as a millionaire? This country was built on everybody paying their fair share.....not a flat tax rate! We had a middle class until Reagan slashed tax rates to 50 year lows:

6a00d83451c45669e201675ecf1529970b-550wi


THEN THE RESULT:

inequality-p25_averagehouseholdincom.png

Nearly half of Americans pay no income tax at all. And in this country, nobody pays their fair share. That's why the top 10% of wage earners in this country pay 70% of all collected income taxes.
Income tax is not the only tax people pay.
 

Ray From Cleveland

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment

He's telling the truth. Why the hell should a normal everyday American pay at the same percentage as a millionaire? This country was built on everybody paying their fair share.....not a flat tax rate! We had a middle class until Reagan slashed tax rates to 50 year lows:

6a00d83451c45669e201675ecf1529970b-550wi


THEN THE RESULT:

inequality-p25_averagehouseholdincom.png

Nearly half of Americans pay no income tax at all. And in this country, nobody pays their fair share. That's why the top 10% of wage earners in this country pay 70% of all collected income taxes.
Income tax is not the only tax people pay.

Correct. But when we are talking about federal spending outside of Social Security, we are talking about income taxes. If you live the average lifespan, you will get back all of the money you put into SS and Medicare and then some. FICA is just another fancy term for Social Security as well.
 

Wilbur Right

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That's why the top 10% of wage earners in this country pay 70% of all collected income taxes.




Ray, you just aren't smart enough to figure things like this out.

Of course the wealthy pay most of the taxes. They have most of the income.

Guess what Ray. If the wealthy had 100% of the income, they would pay 100% of the taxes.

You may be able to read (thank those teachers you hate), but your critical thought process sucks.

You still believe that poor people lobbied congress for the EITC?
 

Stephanie

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while they go vote for another Millionaire from the Democrat party

Hillary and Billy worth_60 million or something like that
 

Stephanie

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the left/dem always wants to get their hands on OUR money we EARNED with our blood, sweat and tears. it's so ugly but they don't care
 

Ray From Cleveland

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That's why the top 10% of wage earners in this country pay 70% of all collected income taxes.




Ray, you just aren't smart enough to figure things like this out.

Of course the wealthy pay most of the taxes. They have most of the income.

Guess what Ray. If the wealthy had 100% of the income, they would pay 100% of the taxes.

You may be able to read (thank those teachers you hate), but your critical thought process sucks.

You still believe that poor people lobbied congress for the EITC?

Well in a real equal country, it wouldn't matter how much money the wealthy or poor have. Everybody should pay their fair share as you liberals like to say.

When you go to the movies, do the rich people pay a different ticket price than you because they have so much money? Do they pay a different price for the same car you drive because they have too much money? Do they pay a higher rate in utilities for their home because they have a lot of money?

Of course not. Everybody pays the same rich, poor, or anything in between. So why shouldn't taxes be the same way?
 

Camp

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment

Of paying his fair share.

Warren Buffett’s taxing hypocrisy - NetRight Daily
The dispute was resolved with a settlement of 219.5 million. Buffett has the same fiducial responsibility to investors and any other business person. He is obligated to use whatever means available to maximize profits. The focus should be on how he pays taxes and distributes personal wealth, not how he operates his investment entities.
 

Rustic

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Warren Buffett says the super-rich pay lower tax rates than others

It's not often you see someone stand up and say, "Tax me more!"

Yet that's just what famed investor Warren Buffett has done in an op-ed in the New York Times headlined, "Stop Coddling the Super-Rich." Buffett says that very wealthy people like himself pay lower tax rates than the middle class, thanks to special tax categories for investment income.

The part Buffet didn't mention is that not only payroll taxes the poorest of the poor pay a much higher percentage of their income than others. When every kind of local tax, fee, registration charge, license and other government and normal living required costs are added the rich are getting off and making out like a bandit when observed as a percentage of their total.

For example in Tennessee there is a state sales tax and in the county where I live there's also a local retail tax on everything one purchases. A poor bastard earning $30,000 a year pays the same gasoline tax as a millionaire and if one looks closely there's another form of taxation or fee being charged every time the poor man/woman opens his/her billfold/purse.
What a joke...
The bottom 47% pay essentially nothing
 

Billy_Kinetta

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment
He has donated billions to charity and most of his wealth will be donated upon his death. Even his billions would not make a dent in the public debt. If all the billionaires donated the way Buffet does, however, lots of problems could be solved.

It's not your money, and taking it at gunpoint is theft.
 

Ray From Cleveland

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oh brother. that's easy enough to say when you're gawddam rich for crying out loud.

Nothing is stopping him from donating all his monies to the Fed. Guberment

Of paying his fair share.

Warren Buffett’s taxing hypocrisy - NetRight Daily
The dispute was resolved with a settlement of 219.5 million. Buffett has the same fiducial responsibility to investors and any other business person. He is obligated to use whatever means available to maximize profits. The focus should be on how he pays taxes and distributes personal wealth, not how he operates his investment entities.

The point is he's a hypocrite. He fought the IRS to cheat them out of money. He talks about paying a fair share, but when it comes to one of his businesses? The hell he will.

He's no different than anybody else. He's at the top of the hill and wants to keep others from reaching it. That's why he's for more taxation.
 

Stephanie

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Warren Buffett says the super-rich pay lower tax rates than others

It's not often you see someone stand up and say, "Tax me more!"

Yet that's just what famed investor Warren Buffett has done in an op-ed in the New York Times headlined, "Stop Coddling the Super-Rich." Buffett says that very wealthy people like himself pay lower tax rates than the middle class, thanks to special tax categories for investment income.

The part Buffet didn't mention is that not only payroll taxes the poorest of the poor pay a much higher percentage of their income than others. When every kind of local tax, fee, registration charge, license and other government and normal living required costs are added the rich are getting off and making out like a bandit when observed as a percentage of their total.

For example in Tennessee there is a state sales tax and in the county where I live there's also a local retail tax on everything one purchases. A poor bastard earning $30,000 a year pays the same gasoline tax as a millionaire and if one looks closely there's another form of taxation or fee being charged every time the poor man/woman opens his/her billfold/purse.
What a joke...
The bottom 47% pay essentially nothing

pretty much
 

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