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Ask your niece if voluntary tax contibutions are a good solution for balancing the budget.
Maybe you should tell the little girl that Buffett doesn't really pay taxes as long as he can afford lawyers to fight paying them. The Buffett Rule is an outstanding political talking point but when does Obama manage to see that his buddy doesn't really pay taxes?
"Conservatives say if you don't give the rich more money, they will lose their incentive to invest. As for the poor, they tell us they've lost all incentive because we've given them too much money." - George Carlin
Your statement shows why there probably will never be comprehensive tax reform anytime soon. There are clearly problems with our tax system and almost half of the population has been brainwashed by rightwing talking points that puts the individual before the common good. To start any conversation/negotiation off with requesting people to “first offer the government extra money” is asinine.
I think you should get your 7 year old niece to enlighten you prior to you discussing something you’re way off on.
Quote:
Originally Posted by clb10
I pay taxes but your crowd VOLUNTEERS OTHERS to pay MORE taxes WITHOUT FIRST offering the government EXTRA money from THEIR portion.
If you don't understand the difference then maybe I can get my 7 year old niece to explain it to you...
I meant is not viable in my post. But I believe the Buffet rule should only be the beginning. There needs to be much more change to fix the system. I listed what we should state with below.
Loop wholes need to be eliminated
Those who make more should pay more
Deductions should be reduced
Investment income needs to be taxed at the normal rate
If there’s a conflict going on a war tax needs to be collected to pay for it
Quote:
Originally Posted by roysoldboy
Spending Buffett's tax money isn't at all viable so long as he can keep from paying his.
Most upstanding people have and hold principles because those principles actually produce something. The Buffet Rule doesn't produce anything other an a golden opportunity for Democrats to declare that they've identified the very first "principle" they've ever adopted in the entire history of the Democratic Party. Since they've embarked on virginal territory, they think everyone should celebrate. That's all this is about.
Oh yeah, increasing revenue 4.7 billion dollars a year is chump change. Hell, I have enough for 3-4 years in my little piggy bank.
Quote:
Originally Posted by TempesT68
It's a step in the right direction to get the budget balanced and to pay down the debt. Isn't that what the right wing goons keep whining about?
The GOP has made it clear they want nothing but to obstruct progress and keep spending us into oblivion. They had their party under W with the free for all to the rich, it's time to grow up and start acting like responsible adults again.
you guys still dont understand that the revenue that is calculated to be generated by the buffet tax is smoke and mirrors as it does not take into account the changes in investment behavior by the very people that the buffet tax is supposed to affect. they will make changes to their investment portfolios to legally avoid paying the increased taxes, and thus the government wont get a dime.
add to that the fact that obama wants to take that calculated revenue and invest it(read give the money away on foolish programs) green energy programs, which means that money, which wont exist, is already spent.
as i have said many times, the buffet rule is feel good legislation by the democrats so they can "prove" to the stupid people that they have their best interests at heart, even though they dont.
you guys still dont understand that the revenue that is calculated to be generated by the buffet tax is smoke and mirrors as it does not take into account the changes in investment behavior by the very people that the buffet tax is supposed to affect. they will make changes to their investment portfolios to legally avoid paying the increased taxes, and thus the government wont get a dime.
add to that the fact that obama wants to take that calculated revenue and invest it(read give the money away on foolish programs) green energy programs, which means that money, which wont exist, is already spent.
as i have said many times, the buffet rule is feel good legislation by the democrats so they can "prove" to the stupid people that they have their best interests at heart, even though they dont.
Exactly right. I've said this several times, and it just doesn't sink in to the DemWits. Obama said it, so it must be true!
Although I don't support the "Buffett Rule" you should get your facts straight. Warren Buffett doesn't owe federal income taxes. Berkshire Hathaway, the company for which he is the president and CEO, apparently owes the Feds a lot of money. But this money has legitimately been in dispute for a long time.
Large companies are often behind on tax payments because of disagreements over tax code. It is not simply Berkshire Hathaway refusing to pay taxes owed ala Wesley Snipes.
I meant is not viable in my post. But I believe the Buffet rule should only be the beginning. There needs to be much more change to fix the system. I listed what we should state with below.
Loop wholes need to be eliminated
Those who make more should pay more
Deductions should be reduced
Investment income needs to be taxed at the normal rate
If there’s a conflict going on a war tax needs to be collected to pay for it
Nicely stated, much more needs to happen, this is just one small step.
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