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What about Bernie, Hillary, Pelosi, Schumer, etc.? Are they "picking their spots" when they constantly implore others to "pay their fair share?"
They are just pointing to the obvious disparity in the tax system between the middle class and the wealthy, ask Warren Buffett. This tax bill (not tax reform) will only enhance that disparity.
The special interest tax treatment for hedge fund managers is a blatant disregard for a fair tax system, it should have been a no-brainer.
Maybe real conservatives do not, but as you can see we have several fake variants here who celebrate with the "pay your fair share" chants when they realized many will see tax hikes this year. They are also fond of the fact that other States pay for welfare of their States. They see no reason to fix the root causes which cause people to be on welfare in the first place, as long as others pick up the tab.
Always blaming everyone else and everything else which is the very reason the root cause can never be fixed.
They are just pointing to the obvious disparity in the tax system between the middle class and the wealthy, ask Warren Buffett. This tax bill (not tax reform) will only enhance that disparity.
The special interest tax treatment for hedge fund managers is a blatant disregard for a fair tax system, it should have been a no-brainer.
Warren Buffett is a hypocrite but the left bought his deceit hook, line and sinker. Why and how does Buffett limit his taxable income to very little? He does something that many wealthy people are good at, which is minimize his taxable income. His goal is to take all the income growth in his assets and put it in the form of price appreciation of Berkshire Hathaway stock.
So no matter how much you raise taxes on "income", you won't be raising taxes on the rich. And when you try, you end up raising taxes on hard working Americans who depend on income unlike the Buffett's of the country. When are people going to figure this out geez! Now when Trump's plan put a cap on salt tax deductions he stopped them from reducing their taxable income on expensive homes.
Any gains in the price of a stock do not count as income until that stock is sold. If you buy stock as Buffett has for decades, he has enormous capital gains that have never been taxed, Berkshire doesn't pay dividends either.
They are just pointing to the obvious disparity in the tax system between the middle class and the wealthy, ask Warren Buffett. This tax bill (not tax reform) will only enhance that disparity.
The special interest tax treatment for hedge fund managers is a blatant disregard for a fair tax system, it should have been a no-brainer.
Warren Buffett who supported Obama and said the rich should pay more runs his company to avoid paying taxes. Do you think it’s fishy that Buffett loves cash flow but doesn’t distribute any dividends? There’s a very good reason Buffett chooses to not pay dividends.
Buffett issued stock in Berkshire so that he could control the company. He retains corporate income from the holdings in his massive conglomerate. In fact, Buffett likes to buy companies that are paying dividends. He then stops it, removing $millions in taxes that were going to the IRS. That income then goes to purchasing more companies. In fact, Berkshire regularly stops flows of hundreds of millions of dollars in taxes to the government.
By purchasing businesses with good cash flow and reinvesting the money into Berkshire Hathaway, Buffett has increased the price of his stock tremendously. When he started BRK.A was $19 a share. Today, that price is $215,920. Buffett has paid taxes on almost none of these gains.
Warren Buffett is a hypocrite but the left bought his deceit hook, line and sinker. Why and how does Buffett limit his taxable income to very little? He does something that many wealthy people are good at, which is minimize his taxable income. His goal is to take all the income growth in his assets and put it in the form of price appreciation of Berkshire Hathaway stock. So no matter how much you raise taxes, you won't be raising on the rich. When are people going to figure this out geez!
Any gains in the price of a stock do not count as income until that stock is sold. If you buy stock as Buffett has for decades, he has enormous capital gains that have never been taxed, Berkshire doesn't pay dividends either.
He takes very little in salary but large amounts through capital gains and carried interest, that doesn’t make him a hypocrite.
He takes very little in salary but large amounts through through capital gains and carried interest, that doesn’t make him a hypocrite.
When he's supporting Obama saying he should pay more taxes but his company business model is based on not paying taxes and instead using the money to build his wealth. People are so blinded because they actually thought he cared but in actuality he knew people were ignorant to his business model so he tried to come off as a caring gramps.
He takes very little in salary but large amounts through capital gains and carried interest, that doesn’t make him a hypocrite.
And thank you for proving my point. He takes very little in "income" which is what "income tax" is based on for determining how much is paid in taxes just as many rich do and that's why the class warfare rhetoric from Obama and other Democrat politicians is a big lie told to gain support of the financially ignorant for raising taxes on people who depend on income.
He takes very little in salary but large amounts through capital gains and carried interest, that doesn’t make him a hypocrite.
When Buffett was on stage speaking in support of Obama and his class warfare and people cheering in support of raising taxes "on the rich" all I could do is laugh at the ignorance. It was as bad as Obama giving the speech that because of Obamacare people's HC insurance would go down by 3000%
Buffett didn't exactly lie about his taxes, but he didn't tell the truth about what he does and he spoke in support of Obama who led people to believe that by raising taxes on income, you'll "get the rich".
Deceitfulness (Buffett and Democrats) and financial ignorance (their supporters) is a dangerous combination.
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