You need to calculate what the deficit is, and what it will be after this ego-stroked tax hike. Buffett is a moron and thinks our credit should be rated AAAA.
It will take more than higher taxes on the rich to solve our deficit problem, but Buffett is still absolutely right. The rich should pay more taxes. How they get away with paying a lower percentage of their taxable income is unconscionable in my opinion.
Because they hire your ass maybe? Btw everyone should have LOWER taxes even the poor. The government is wasting your cash in case you didn't notice.
Let me know when he cuts a check to the Treasury for at least 5% of his net worth, then he can talk to me about paying more. Until then, I couldn't give a shit about what he has to say. Let me know what he DOES. So far, he chooses to pay the minimum.
Y'know, speaking of sinister, about your avatar, I just had a thought... Imagine it is coming out instead of going in. barfo
Right... and let me know when you pay LESS tax than the minimum. Then you can talk about cutting taxes. Until then, I can't take your opinions seriously. barfo
Buffet pays himself a $500k salary a year, yet is the 2nd richest man in the USA. What's stopping him from voluntarily cutting the government a $5 billion check from his "savings"?
Nothing. Why is that a relevant question? There's a difference between taxes and voluntary contributions. Suggesting that the tax rates be increased is not the same thing as saying "I would like to contribute more money irrespective of what everyone else does". barfo
So ... Buffet has the ability and means to voluntarily pay more in taxes, yet until he is forced to, he'll hoard his money and pay himself a joke of a salary. kthnx Buffet is an idiot who destroys companies' stocks and picks at the derivatives.. So is Obama for using Obama as his "rich guy" example in the NYT.
Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes. When one of you greedy whiners pledges to give away 99 percent of your "fortune" to philanthropic causes, then you can cast stones. Until then, you have no credibility in this arguement.
So... if he's so stupid, why aren't you guys rich? And why are both of you unable to spell his name correctly? barfo
I'm curious what is defined as "super-rich"? I don't have a ton of sympathy for people making over a million a year suddenly having to pay a little more in taxes. I don't think doing so helps economic growth\investment either.... Sure, go ahead tax them more, but Obama and the dems want to tax people making $200k, which to me is bullshit... There is a big difference b\t someone making $200k and someone making $1 million + But IMO this all a big farce by the dems, it isn't about the curbing the deficit, it is about solidfying bloated entitlement programs and "social justice" (ie transfering wealth via the gov't)....
http://www.thesoapboxers.com/how-many-people-make-more-than-250000-per-year/ In 2009, there were 350,000 tax returns with AGI over $1M, and 8,274 tax returns with AGI over $10M. If we got another $1M in taxes from those 8,274 people, it'd raise an additional $8B for the government. That would be something like a 10% tax hike, from 36% to 39.6%. Hell, if we got $10M in taxes from those people, it'd be $80B or enough to reduce the deficit from $1.500T to $1.420T. If we somehow were able to get $100,000 more in taxes from each of the 350,000 who make $1M, it'd be $35B. It is deficit reduction, but doesn't really begin to address the problem. The problem is that government is a black hole for money.
