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I am amazed that liberal sheep quote Buffett so often on taxes while he literally lobbies for tax breaks for jet owners, the company he owns owes back taxes that he is trying to get out of, etc...
He is fine with me a small middle class investor paying more in capital gains, while he will find more loop holes.
Oh, and don't forget Buffett's Burger King tax inversion to Canada.
Anyone who thinks Gates, Buffett, et al, actually want to pay higher taxes has been "Grubered": "stupidity of the American voters."
Nobody likes to pay taxes, but they are a necessity. Given that, what is the most fair way to collect them? I believe Gates is saying that the rich are not paying their fair share. Seems like a legitimate concern and valid observation to me.
Share of Income vs. Share ofFederal Income Tax Revenue Paid:
Top 0.1% earned 9.03% of the income, but paid 18.48% of the federal income tax revenue.
Top 1% earned 19.04%, but paid 37.80%.
Top 1-5% earned 15.38%, but paid 20.74%
Top 5-10% earned 11.45%, and paid 11.25% ---> THIS is the only group that pays neither more nor less than their fair share.
Top 10-25% earned 22.23%, but paid 16.47%
Top 25-50% earned 20.41%, but paid only 10.94%
When you rob Peter to pay shihku7, you can always count on shihku7s support.
The saying should go "When you agree with Peter to create tax policies in a democratic and peaceful fashion, then voluntarily agree to pay taxes that those policies ask for, you can always count on shihku7's support."
Accusing your neighbors and the whole country's population of being criminals is just nuts.
Seriously, if you don't like to pay taxes, then don't. A group of Libertarian Americans tried to create a tax-free society called Galt's Gulch Chile a few years ago. It was an utter failure and the leader almost committed suicide. BUT that doesn't mean it can't be tried again and succeed.
But if you choose to remain in the US, you can continue to advocate for a tax-free America. Get the country to agree with your ideas and have the income tax abolished. It can be done. But you're not going to win hearts and minds to your cause by suggesting that your neighbors and fellow Americans are criminals. Just a tip there.
Exactly. Gruber knows the Dem voter base when he sees it: stupid American voters.
Uh, Bill Gates' solution is to tax capital gains at regular income tax rates.
According to CNN Money and Kiplinger.com, 401k withdrawals are all already subject to this same policy, thus would not be affected by Gates' idea at all.
Yes, and they also sometimes own financial assets that create nothing and simply collect economic rents.
Which financial assets "create nothing?" Investments in equities, bonds, etc., which are used for capital improvements, R&D, etc., that result in economic growth AREN'T "creating nothing."
A lot of you tax-grubbers sure seem to be very obtuse in the principles of economics.
Now there is something you don't hear every day. A rightie who wants to raise taxes and who admits to wanting to milk the poor for everything they have.
Why not? That's how European and Scandinavian countries do it, and they seem very happy to pay those taxes to get their national health care, etc.
Read the facts, and pay close attention to the charts and graph:
For those who've already "made their pile" a higher capital gains tax rate would serve as a protection measure of sorts. As with any "progressive" tax structure, a higher tax rate on marginal income hurts the outsider trying to get somewhere (not to mention struggling with the burden of raising and supporting a family, or possibly dependent parents) more than it penalizes the established competitor -- who is probably better-positioned to take advantages of tax breaks and other forms of crony capitalism as well.
But it is virtually impossible to explain this to the blockheads and simpletons who form the Democrats' core clientele.
Without consent? You're literally consenting every day by remaining in this country.
You do realize that when Americans "leave the country (U.S.)" they're still taxed by the U.S., no? Only two countries in the world, the U.S. and Eritrea, tax their non-resident citizens' income.
Quote:
"United States occupies a unique position in the world. Well, almost unique. This distinction is shared with one other country. Eritrea.
Yet, at the United Nations, U.S. and other countries condemned the tiny African nation for their practice.
U.S. and Eritrea are the only two countries that tax based on both residence and citizenship. Other countries tax worldwide income of residents, but not citizens living elsewhere."
Which has resulted in the ridiculously absurd practice of stealing foreigners' money/lifetime savings even if they never stepped foot in the U.S. and/or were never even aware that they were U.S. citizens at all.
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