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The discussion I was responding to involved giving to the government.
but wouldnt this directly dispute what you said here?
I think something like 90% of all US billionaires have pledged to give their wealth to the Gates foundation.. There are lots of them... of all political affiliations..
To pretend otherwise is just stupid.
They do so for various reasons, one of which is to avoid tax obligations.. (like Warren Buffet)
Actually Buffet supports higher taxes on the rich and is going to pay a good portion of his wealth after death in taxes. The rest that wouldn't be taxed is the wealth that is going to charity. His family isn't getting jack ****! It not avoiding taxes it's avoiding giving his family his billions of dollars.
Liberals want the tax rates returned to what they were when the country was at it's most prosperous because those tax rates ironically enough were not only considered fair they caused the wealthy to not horde the wealth but instead invest it and hire people. Invested money is not taxed. So to avoid being taxed at the 90% marginal tax rate and corporations to avoid being taxed at 50% marginal rate (notice that word marginal?) they heavily invested which in the long term generated massive amounts of economic growth. Corps are only taxed on profits not revenue not losses.
Invest it and hire people. Do you mean like Obama's shovel ready jobs?
Invested money is money that has already been taxed. If that (taxed) money is invested and it makes more money it is taxed again.
Corporations are not taxed on revenue? No f.. kidding. lol, are you that dumb to believe they should be taxed on revenue?
Actually Buffet supports higher taxes on the rich and is going to pay a good portion of his wealth after death in taxes. The rest that wouldn't be taxed is the wealth that is going to charity. His family isn't getting jack ****! It not avoiding taxes it's avoiding giving his family his billions of dollars.
More lies..
Buffet supports taxes on INCOME, he has wealth, thus those higher taxes he keeps calling for, wouldnt affect him. What a wodnerful guy he is...
He stopped paying corporate dividens in order to make sure his investors didnt have tax obligations, he keeps his salary at BRK at $100K a year to reduce his tax liability, his company is fighting the IRS to not pay the $1B tax bill he is accused of owing, and he's donated his wealth to charity upon his death, thus avoiding taxes yet again..
Already been proven a non stop ridiculous lie. Bush went to his HOUSE on "vacations" and many of those days he held international meetings. Thats not a vacation, Presidents dont get them..
So what?
Celebritynetworth is not accurate. As explained on the opensecrets site which details what records are released. He isn't worth 12 million dollars.
Bush didn't hold international meetings. His own people like Dick Cheney, Condi Rice, Donald Rumsfield said he wasn't interested in doing anything except clearing brush away and playing pretend president.
Also yes he did spend far more time away from time away from the white house then any other President and spent more on vacations.
In George W Bush's two term presidency he had spent more then a year on vacations. Obama on the other hand in two terms has only spent over a 100 days on vacations.
Buffet supports taxes on INCOME, he has wealth, thus those higher taxes he keeps calling for, wouldnt affect him. What a wodnerful guy he is...
He stopped paying corporate dividens in order to make sure his investors didnt have tax obligations, he keeps his salary at BRK at $100K a year to reduce his tax liability, his company is fighting the IRS to not pay the $1B tax bill he is accused of owing, and he's donated his wealth to charity upon his death, thus avoiding taxes yet again..
You dont know wtf you are talking about..
This is true and Buffet is a hypocrite. Buffet doesn't even get hit with ATM. The next thing we know he will be able to get government subsidies for Obamacare.
Celebritynetworth is not accurate. As explained on the opensecrets site which details what records are released. He isn't worth 12 million dollars.
Bush didn't hold international meetings. His own people like Dick Cheney, Condi Rice, Donald Rumsfield said he wasn't interested in doing anything except clearing brush away and playing pretend president.
Also yes he did spend far more time away from time away from the white house then any other President and spent more on vacations.
In George W Bush's two term presidency he had spent more then a year on vacations. Obama on the other hand in two terms has only spent over a 100 days on vacations.
Obama, Pelosi, Reid, Buffet, are have a "net worth" of millions yet they raise taxes on the every day working man. For anyone who is just starting out and didn't build your wealth yet, you are screwed.
Celebritynetworth is not accurate. As explained on the opensecrets site which details what records are released. He isn't worth 12 million dollars..
Yes he is, according to his own tax recrods
Michele Obamas income is $600K a year, and Baracks income is $400K a year, and that doesnt even count book royalties...
Quote:
Originally Posted by d from birmingham
Bush didn't hold international meetings. His own people like Dick Cheney, Condi Rice, Donald Rumsfield said he wasn't interested in doing anything except clearing brush away and playing pretend president.
Yes he did, and you're ignorance of the facts doesnt make it not true..
Quote:
Originally Posted by d from birmingham
Also yes he did spend far more time away from time away from the white house then any other President and spent more on vacations.
In George W Bush's two term presidency he had spent more then a year on vacations. Obama on the other hand in two terms has only spent over a 100 days on vacations.
Being away from the White House doesnt make it a vacation..
How does increasing the minimum wage affect slavery?
Our tax system is progressive. Why do you want a raise? Government will only take more of what you make. Of course Obama wants you to make more so he can take more.
Buffet supports taxes on INCOME, he has wealth, thus those higher taxes he keeps calling for, wouldnt affect him. What a wodnerful guy he is...
He stopped paying corporate dividens in order to make sure his investors didnt have tax obligations, he keeps his salary at BRK at $100K a year to reduce his tax liability, his company is fighting the IRS to not pay the $1B tax bill he is accused of owing, and he's donated his wealth to charity upon his death, thus avoiding taxes yet again..
" he keeps his salary at BRK at $100K a year to reduce his tax liability"
Or else he does what CEOs, Chairmans at many corps outside of the US do which is only get 100k salary for that position. Only in the US do the CEOs of a corporation get paid millions of dollars per year.
Berkshire is not fighting the IRS. That is rightwing media bs crap. Berkshire actually paid the taxes it's supposed to pay as part of the tax code. They don't owe the IRS any money.
You have no idea what you are talking about on the corporate dividends either.
"Berkshire has not paid a cash dividend since 1967."
"Buffett, 83, has long maintained that he can generate better returns through acquisitions such as the BNSF railroad and investments such as Wells Fargo & Co.
"He told shareholders in 2011 that Berkshire's share price ought to fall if the company decided to pay a dividend. Buffett also wants to keep a $20 billion cash cushion."
"Our shareholders are far wealthier today than they would be if the funds we used for acquisitions had instead been devoted to share repurchases or dividends," he said in his March 2013 annual letter."
Our tax system is progressive. Why do you want a raise? Government will only take more of what you make. Of course Obama wants you to make more so he can take more.
So we can give more to charity.
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