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That second richest guy you are so fond of, games the tax system himself. He is not being genuine here, if he was, he would actually claim his REAL income instead of some false number like 100k that he claims so he can pay the lower capital gains tax instead. How can you take anything this guy says seriously when he IS doing EXACTLY what he says they should NOT be doing?
from the article:
Quote:
Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income.
if my math is correct he is saying his taxable income is just shy of $40 million.
Then explain to me why fascist governments have opposed trade unions, instituted policies against bargaining agreements and the right to strike. Is that because liberals/progressives are opposed to trade unions, are pro-corporations, opposed to people's government (as opposed to one where corporations dictate the policies), opposed to workers' right to bargain and their right to strike? Remember, there was a guy I see often quoted by y'all... Winston Churchill. He admired Mussolini for taking care of those liberals.
and the other who admired Musi...FDR
In the North American Review in 1934, the progressive writer Roger Shaw described the New Deal as "Fascist means to gain liberal ends." He wasn't hallucinating. FDR's adviser Rexford Tugwell wrote in his diary that Mussolini had done "many of the things which seem to me necessary." Lorena Hickok, a close confidante of Eleanor Roosevelt who lived in the White House for a spell, wrote approvingly of a local official who had said, "If [President] Roosevelt were actually a dictator, we might get somewhere." She added that if she were younger, she'd like to lead "the Fascist Movement in the United States." At the National Recovery Administration (NRA), the cartel-creating agency at the heart of the early New Deal, one report declared forthrightly, "The Fascist Principles are very similar to those we have been evolving here in America."
Roosevelt himself called Mussolini "admirable" and professed that he was "deeply impressed by what he has accomplished." The admiration was mutual. In a laudatory review of Roosevelt's 1933 book Looking Forward, Mussolini wrote, "Reminiscent of Fascism is the principle that the state no longer leaves the economy to its own devices.… Without question, the mood accompanying this sea change resembles that of Fascism." The chief Nazi newspaper, Volkischer Beobachter, repeatedly praised "Roosevelt's adoption of National Socialist strains of thought in his economic and social policies" and "the development toward an authoritarian state" based on the "demand that collective good be put before individual self-interest."
FDR himself praised the Prussian-German model: "They passed beyond the liberty of the individual to do as he pleased with his own property and found it necessary to check this liberty for the benefit of the freedom of the whole people," he said in an address to the People's Forum of Troy, New York.
Roosevelt summoned the nation: "If we are to go forward, we must move as a trained and loyal army willing to sacrifice for the good of a common discipline. We are, I know, ready and willing to submit our lives and property to such discipline, because it makes possible a leadership which aims at a larger good. I assume unhesitatingly the leadership of this great army.… I shall ask the Congress for the one remaining instrument to meet the crisis — broad executive power to wage a war against the emergency, as great as the power that would be given to me if we were in fact invaded by a foreign foe."....ah the liberal (fascist) mantra...never let a crisis go to waste
Quote:
Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income.
if my math is correct he is saying his taxable income is just shy of $40 million.
yep...mostly INVESTMENT (capital gains) income...his WAGE income was 100k
ALL taxes should be set at that level
NO-one should be paying more than 15% (or better yet 10%)
I really don't think anyone in their right mind thinks $100K/yr. is rich. Buffett doesn't give an exact figure, but he's probably referring to anyone with an income of $10,000,000/yr. or more.
He is right I think, he doesn't worship his wealthy peers, or "so-called job creators" like most of CD does. He realizes they're people too & that they're no better than anyone else due to their income or net worth.
Yes exactly. And lol that unbrainwashed thinks 100k is rich. He never had money or an inhertiatnce obviosly, bcs when you do you realize how fast even 250k goes.
limbaugh lemmings making at most 50k a year= most hard right posters on this forum.
I guess the fact that Buffet has donated more than $1.78 billion to multiple charities proves what a greedy hypocritical guy he really is.
owe u a rep also most limbaugh minions here ( who is it that his audience is comprised of again, over the road truckers etc...no one ELSE listens to trash talk radio, AM no less)
are delusional in that they fail to see this is how Oxycontin Rush lives:
they are too ignorant to see through the drivel he spews while laughing at their stupidity.
owe u a rep also most limbaugh minions here ( who is it that his audience is comprised of again, over the road truckers etc...no one ELSE listens to trash talk radio, AM no less)
are delusional in that they fail to see this is how Oxycontin Rush lives:
they are too ignorant to see through the drivel he spews while laughing at their stupidity.
No, we're laughing at you, because here is a guy, a rich guy, that the Left hates, but now found new love for. All the while HE IS ONE OF THE TAX LOOPHOLE USERS and you gush all over him! For Buffet to have ANY credit here, he needs to report his income honestly and stop using capital gains taxes instead of income taxes on his WAGES.
Clearly I'm not doing a good enough job because you continue to make the same errors.
I guess its true though, some people just cant be taught.
When nobody asks for a teacher, it might be time to stop and do what you're supposed to... debate.
Quote:
Originally Posted by workingclasshero
yep...mostly INVESTMENT (capital gains) income...his WAGE income was 100k
The point being... he had a taxable income of about $40 million and an effective tax rate of 17.4%.
Quote:
Originally Posted by hnsq
Again - quote an entire post. Do not delete things from another person's post when quoting them. It is very deceptive. That would be like me deleting everything from your post other than the parts I bolded. Selective quoting has no place in an adult conversation.
I don't need to. I picked what you felt is appropriate... if you disagree with my assumption, please feel free to correct.
No, we're laughing at you, because here is a guy, a rich guy, that the Left hates, but now found new love for. All the while HE IS ONE OF THE TAX LOOPHOLE USERS and you gush all over him! For Buffet to have ANY credit here, he needs to report his income honestly and stop using capital gains taxes instead of income taxes on his WAGES.
so you're told buffet has an effective tax rate of 17%.
do you:
1) assume buffet is not doing anything illegal, accept he has an effective tax rate about half of your own?
2) assume buffet is doing something illegal?
Help, my cognitive dissonance must be resolved!
now, if you take choice one, you need to immediately begin arguing in favor of trickle-down economics. if you take choice two, you're good for now, although it might later be proven that you were factually wrong. so, in the long-term, choice one, using this as an opportunity to argue for trickle-down economics is your better choice. HOWEVER, this is a message board on the internet, so the long-term ramifications of whatever you choose are basically irrelevant.....
in the end, the most logical choice, is................................................ ........
...
...
Choice TWO! Accusing Buffet of tax fraud!
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. He never had money or an inhertiatnce obviosly, bcs when you do you realize how fast even 250k goes. 
)
