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Old 08-15-2011, 06:50 AM
 
Location: Raleigh, NC
20,003 posts, read 16,483,158 times
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Quote:
Originally Posted by theunbrainwashed View Post
And guess who another fellow oligarch, John D. Rockefeller, that was rich like Warren Buffet said before? Competition is a sin
Bears repeating. Warren is much more clever than Rockefeller by not outright saying it in public.
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Old 08-15-2011, 06:56 AM
 
Location: Long Island, NY
19,776 posts, read 12,316,729 times
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Quote:
Originally Posted by theunbrainwashed View Post
Since MTAtech wasn't able to get the point summers made, Buffet wants to "price out" his competition. He's on a level unlike most other "rich" people. Buffet is in the oligarchic class. Taxes will not touch him, and his cohorts that I mentioned.
It's rather obvious that summer's point is red herring and has nothing to do with Buffett's point, namely, billionaires pay a lower rate than the non-billionaires and there is no economic rationale for having it that way.

What I find fascinating is the need for ordinary middle-class people to defend the tax advantages of the rich, even when the second richest guy admits how unfair it is.
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Old 08-15-2011, 06:57 AM
 
69,360 posts, read 58,073,547 times
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Quote:
Originally Posted by MTAtech View Post
It's rather obvious that summer's point is red herring and has nothing to do with Buffett's point, namely, billionaires pay a lower rate than the non-billionaires and there is no economic rationale for having it that way.
Billionaires pay a lower rate because billionaires have wealth, and we DO NOT TAX WEALTH IN AMERICA. We tax INCOME..
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Old 08-15-2011, 07:01 AM
 
Location: Long Island
27,575 posts, read 15,496,405 times
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Quote:
Originally Posted by MTAtech View Post
It's rather obvious that summer's point is red herring and has nothing to do with Buffett's point, namely, billionaires pay a lower rate than the non-billionaires and there is no economic rationale for having it that way.
uhm

buffet is a LIAR

what buffett doesnt tell you:

his "salary" is 100k.....

his secretary earns 60k and pays nothing in federal income tax


the FACT is whether billionairs, millionalres, or the poor pay taxes...they all should pay the same RATE...15% or LESS


get rid of the loopholes, and have a flat rate...have EVERYONE pay their fairshare

having a different levels on rates in UNFAIR, UNEQUAL, and DISCRIMINATORY

the bottome 50% pay nearly nothing in federal income tax
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Old 08-15-2011, 07:02 AM
 
Location: it depends
6,073 posts, read 5,615,146 times
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Quote:
Originally Posted by TurtleCreek80 View Post
There's a BIG difference between Warren Buffet billionaire truly rich and the $250k-aire "Obama rich" our president is trying to wage a "fairness" tax war on.

We need more tax brackets to distort the skyrocketing income breaks at the top 4%, 2%, and 1% and we need to stop calling a $250k income supporting a family of 4 in urban Chicago, NYC, DC, SF, LA, etc (you know, where the $250k jobs are plentiful for those of a certain educational background, and a "starter" home in a good public district costs $700k) "rich".

We also need a simplified tax code where all income, regardless of origin (paycheck, earned interest, capital gains, etc) are taxed at the same rate. The breaks for capital gains and earned interest only lower the truly rich's tax bills.
Here is one thing we learned from Buffett's New York Times article:

Warren Buffett is a whole lot better at arithmetic than Barack Obama, since Buffett doesn't lump a couple with $250,000 of income into the category of "millionaires and billionaires" as Barack Obama does.

Barack uses the same reasoning on taxes as Buffett, but applies it to millions of people instead of only the truly rich.
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Old 08-15-2011, 07:03 AM
 
Location: Long Island
27,575 posts, read 15,496,405 times
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Quote:
Originally Posted by MTAtech View Post
What I find fascinating is the need for ordinary middle-class people to defend the tax advantages of the rich, even when the second richest guy admits how unfair it is.
Quote:
tax advantages of the rich
its not tax advantages for the rich...its for EVERYONE

investemnt income is taxed at 15%...for EVERYONE...not just the rich


I find it fasinating that liberals cant get enough...

when is it enough..what is a liberals choice of 'fairshare'...do you tax at 100%....90%.....80%.....when is it enough


why are liberals so DISCRIMNATORY
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Old 08-15-2011, 07:04 AM
 
25,058 posts, read 24,555,531 times
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Quote:
Originally Posted by pghquest View Post
Billionaires pay a lower rate because billionaires have wealth, and we DO NOT TAX WEALTH IN AMERICA. We tax INCOME..
And as soon as you start taxing wealth, they'll just move their money offshore or buy another country's citizenship like, ohhh I don't know, Monaco's or Singapore's? So, either way, the billionaires are going to escape taxes no matter what you do, and the only thing you've just accomplished is made it harder for ordinary people to move up the economic ladder in this country, which is what the oligarchs want! And the liberals will defend that, are liberals against social upward mobility???
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Old 08-15-2011, 07:07 AM
 
Location: Long Island
27,575 posts, read 15,496,405 times
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Quote:
Originally Posted by pghquest View Post
Billionaires pay a lower rate because billionaires have wealth, and we DO NOT TAX WEALTH IN AMERICA. We tax INCOME..
Quote:
Originally Posted by theunbrainwashed View Post
And as soon as you start taxing wealth, they'll just move their money offshore or buy another country's citizenship like, ohhh I don't know, Monaco's or Singapore's? So, either way, the billionaires are going to escape taxes no matter what you do, and the only thing you've just accomplished is made it harder for ordinary people to move up the economic ladder in this country
which is why we shouldnt tax wealth (cant define it, extremeely volitile) and we shouldnt tax income (nearly 60% of all income is not reported)


tax SPENDING......

Americans For Fair Taxation: Americans For Fair Taxation
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Old 08-15-2011, 07:09 AM
 
Location: Raleigh, NC
20,003 posts, read 16,483,158 times
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Quote:
Originally Posted by MTAtech View Post
It's rather obvious that summer's point is red herring
That is your interpretation.
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Old 08-15-2011, 07:10 AM
 
Location: Fredericktown,Ohio
7,104 posts, read 4,729,130 times
Reputation: 2856
Quote:
Originally Posted by workingclasshero View Post
NO BODY (not the rich or the poor ) should be taxed more than 15%...and EVERYONE should be taxed at the SAME RATE(equality)


if our federal goverment cant run of 15%, then there is a problem

lower ALL TAXES......AND CUT SPENDING
I agree lets get rid of the Marxist tax code that both parties support, I like a exemption of 20,000 and a 10% rate. Captital gains and corporate taxes 10% no write offs. Do away with taxing dead people {estate tax}. The economy would boom and so would money for the treasury, with some other tweaks those off shore jobs could come back.
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