The Tax Plan - State taxes, the next spin and Democrats fighting to keep deductions for the rich

[Goodnight]

Originally Posted by Quick Enough

" Warren Buffet says he should pay way more in taxes"

The ONLY reason Buffet pays "less then his secretary" is because of how much he takes as a salary.

He does NOT take a a big salary so he will NOT pay as much in taxes.

He can afford to NOT take a bigger salary.

The remainder is in capital gains an other manipulations allowed by our current tax system. Carried interest is an obvious loophole used by hedge funds and others.

[petch751]

Originally Posted by Fiyero View Post
Of course there are rich Dems. But they generally support higher taxes on themselves. Warren Buffet says he should pay way more in taxes.

LOL sure he does <wink, wink>. While he's considered one of the richest man in the world. Yet he pays himself a $100k a year salary. That should tell you he does everything he can to reduce his taxable income so he doesn't have to pay more in taxes.

In other words, he's lying to you and you believe him Ba ha ha ha

[pghquest]

Originally Posted by AnesthesiaMD

This is so true.

Whenever the democrats talk about the rich not paying their fare share of taxes, they always talk in percentages instead of real numbers.

And they always compare it to wealth, and not income.. and when they do discuss income, its gross, not net..

[pghquest]

Originally Posted by Fiyero

Of course there are rich Dems. But they generally support higher taxes on themselves. Warren Buffet says he should pay way more in taxes.

And yet Warren Buffet stopped paying dividends to the investors in order to allow investors to avoid taxes, (including himself).. thats his own words in one of his books..