Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The sad part is that the secretary "paying more" has been explained ad nauseum, but the psuedo-intellect sheep still fall for his little tale.
Then when both left leaning and right leaning news exposed his Berkshire-Hathaway tax issues - somehow it doesn't mean anything to the emotional knee-jerk crowd.
I really shouldn't be surprised then so many fall for Buffet's con game and miss his PR campaign to sit next to Immelt at the gov't handout table.
It has been explained *how* Buffet has a lower tax rate than his secretary under our current tax laws. But that's not the issue. The issue is that the laws that allow it don't make sense.
It has been explained *how* Buffet has a lower tax rate than his secretary under our current tax laws. But that's not the issue. The issue is that the laws that allow it don't make sense.
And nothing on the table from the Obama administration is addressing this so it IS the issue at hand.
It has been explained *how* Buffet has a lower tax rate than his secretary under our current tax laws. But that's not the issue. The issue is that the laws that allow it don't make sense.
With Obama's current plan of raising taxes, does it even address capital gains taxes?
How does "Buffet win" if the situation he brought up (secreteries paying higher tax rates than billionaires) isn't fixed?
Huh? I see you still don't understand it. Are they addressing capital gains taxes in the proposal? I don't think they are, they are just trying to raise the minimum on INCOME taxes. If that's the case, the problem still exists because Buffet is only taxed on 100k INCOME. His rates won't see ANY change, he will continue to pay the lower percentage capital gains taxes on his main source of income.
Huh? I see you still don't understand it. Are they addressing capital gains taxes in the proposal? I don't think they are, they are just trying to raise the minimum on INCOME taxes. If that's the case, the problem still exists because Buffet is only taxed on 100k INCOME. His rates won't see ANY change, he will continue to pay the lower percentage capital gains taxes on his main source of income.
From what I've read, Obama hasn't provided details of how this will be structured, not even the tax rate he will propose, so we don't know and so everyone here saying how it will fail is just speculating.
but it sounds to me like it will be a minimum tax rate that applies to both earned income and capital gains for people with total income past $1m/year.
From what I've read, Obama hasn't provided details of how this will be structured, not even the tax rate he will propose, so we don't know and so everyone here saying how it will fail is just speculating.
The president will not specify a specific rate or details of the Buffett Rule in announcing his proposal, leaving it to Congress to decide how to calculate such a rate as part of the larger debate over rewriting the tax code, the official said.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
