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Old 04-14-2012, 12:44 PM
 
Location: Portland, OR
8,802 posts, read 8,902,028 times
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Buffet's secretary pays a higher effective rate than Warren himself and so does Obama's. But one is used to call attention to a problem in this country, where as liberals have been silent on Obama? What do you think about Obama's secretary paying a higher effective rate?
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Old 04-14-2012, 12:59 PM
 
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I think it's the same situation as Buffett's situation. The middle class cannot take advantage of as many deductions that, oftentimes, those in the higher stratosphere of earning can make. The wealthy also have certain income that is taxed at a lower rate (investment dividends) that your average working stiff doesn't have.

There's no contention here. The tax code is written in a way that favors wealthier Americans.
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Old 04-14-2012, 01:02 PM
 
31,387 posts, read 37,065,499 times
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Quote:
Originally Posted by VTHokieFan View Post
Buffet's secretary pays a higher effective rate than Warren himself and so does Obama's. But one is used to call attention to a problem in this country, where as liberals have been silent on Obama? What do you think about Obama's secretary paying a higher effective rate?
You know that makes absolutely no sense, since Obama is attempting to do something about the problem so why on god's green earth would any "liberal" argue something that we already know and have been pushing to change?

The logic, or better yet, the illogic of these arguments always leave me scratching my head.
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Old 04-14-2012, 02:15 PM
 
Location: Littleton, CO
20,892 posts, read 16,085,613 times
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Quote:
Originally Posted by VTHokieFan View Post
Buffet's secretary pays a higher effective rate than Warren himself and so does Obama's. But one is used to call attention to a problem in this country, where as liberals have been silent on Obama? What do you think about Obama's secretary paying a higher effective rate?
Are you crazy? The fact that Obama payed a lower effective tax rate than his secretary is another example of the problem we have been complaining about. We've been silent? Heck... we've been shouting it from the rooftops.

But you know what's even more ironic? I bet you a steak dinner that if we ever get to see Romney's retuns fro this year that he paid an even lower effective tax rate than Obama while making several times more.

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Old 04-14-2012, 02:30 PM
 
20,187 posts, read 23,864,594 times
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Quote:
Originally Posted by ChristineVA View Post
I think it's the same situation as Buffett's situation. The middle class cannot take advantage of as many deductions that, oftentimes, those in the higher stratosphere of earning can make. The wealthy also have certain income that is taxed at a lower rate (investment dividends) that your average working stiff doesn't have.

There's no contention here. The tax code is written in a way that favors wealthier Americans.
I would say the tax codes favors those who spend a lot of money in the right places... how would you feel if the tax rate has a fixed 15% income taxes across all incomes... I seriously doubt any liberal would like that either... which is ironic that liberals hate the idea that someone else pays the same tax rate as themselves... the liberals also hate that the tax system is geared towards earned income rather than unearned income... while loving the benefits of investments through technology, entertainment, etc etc...
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Old 04-14-2012, 02:33 PM
 
46,307 posts, read 27,124,387 times
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Originally Posted by ovcatto View Post
You know that makes absolutely no sense, since Obama is attempting to do something about the problem so why on god's green earth would any "liberal" argue something that we already know and have been pushing to change?

The logic, or better yet, the illogic of these arguments always leave me scratching my head.

Well, hell.....obamas the prez...he should lead the way, right, that's what leaders do...
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Old 04-14-2012, 02:36 PM
 
Location: Area 51.5
13,887 posts, read 13,678,384 times
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Quote:
Originally Posted by ChristineVA View Post
I think it's the same situation as Buffett's situation. The middle class cannot take advantage of as many deductions that, oftentimes, those in the higher stratosphere of earning can make. The wealthy also have certain income that is taxed at a lower rate (investment dividends) that your average working stiff doesn't have.

There's no contention here. The tax code is written in a way that favors wealthier Americans.
Riddle me this:

How many jobs has Buffett's secretary created?

How many jobs has Buffett created?

Doh!
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Old 04-14-2012, 02:38 PM
 
2,312 posts, read 3,666,535 times
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" I need TP for my bunghole" - Beavis
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Old 04-14-2012, 03:27 PM
 
12,906 posts, read 15,666,651 times
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Quote:
Originally Posted by HistorianDude View Post
Are you crazy? The fact that Obama payed a lower effective tax rate than his secretary is another example of the problem we have been complaining about. We've been silent? Heck... we've been shouting it from the rooftops.

But you know what's even more ironic? I bet you a steak dinner that if we ever get to see Romney's retuns fro this year that he paid an even lower effective tax rate than Obama while making several times more.


I believe it was 2010 that Romney paid an effective tax rate of 14%. I don't begrudge anyone: Romney, Obama, Obama's secretary for playing by the rules that are in place. I'm not gonna trash Romeny for it unless he somehow comes out and says our tax code is fair.
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Old 04-14-2012, 03:41 PM
 
46,307 posts, read 27,124,387 times
Reputation: 11135
Quote:
Originally Posted by Dale Cooper View Post
Riddle me this:

How many jobs has Buffett's secretary created?

How many jobs has Buffett created?

Doh!
Riddle me this:

In mr. buffet's secretary behind in taxes?

How far behind in taxes is mr. buffet?

If mr. buffet is behind, why has he not paid? Or is mr. buffet going to go to court over his taxes?

DOHHHHHHHHHHHHHHHHHHHHH!
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