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Old 10-27-2017, 12:56 PM
 
30,166 posts, read 11,795,579 times
Reputation: 18687

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Quote:
Originally Posted by Freak80 View Post
Apparently, Warren Buffett didn't notice this amazing fact when he claimed to pay a lower percentage of his income than his secretary.
Buffet did not have to pay a lower tax rate. He could have opted out of deductions and write offs. It just shows when you are a billionaire you have better accountants than your secretary does.
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Old 10-27-2017, 01:12 PM
 
79,907 posts, read 44,210,872 times
Reputation: 17209
Buffett had very little income. His argument was nothing but a diversion.

Lets raise taxes on capital gains and see if he complains.
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Old 10-27-2017, 01:16 PM
 
14,221 posts, read 6,961,631 times
Reputation: 6059
Quote:
Originally Posted by Volobjectitarian View Post
Bunk. That is not all they receive. Maybe the single payment from SSI or SSDI, but there are tons more bennies
Baloney. There are not "tons more "bennies"" for people who are born disabled. It takes years to get public housing. You try to live on $700 a month in SSI and see how great it is to live on welfare. Do you think you would enjoy it?
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Old 10-27-2017, 01:17 PM
 
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,604,784 times
Reputation: 9169
Quote:
Originally Posted by pknopp View Post
Buffett had very little income. His argument was nothing but a diversion.

Lets raise taxes on capital gains and see if he complains.
I've argued that capital gains should be taxed as normal income, subject to the same graduated rates rather than a flat 15%
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Old 10-27-2017, 01:22 PM
 
14,221 posts, read 6,961,631 times
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Quote:
Originally Posted by jackwinkelman View Post
Yes we had a post depression boom. And the influx of vets coming back and creating the baby boomer generation.

Its a left wing fallacy that taxes were higher in the 1950's and that somehow created growth. Average marginal tax rates, federal, state and income / payroll taxes have been climbing and are much higher now then they were during those decades:

Were taxes really higher in the 1950s? - AEI
Effective marginal taxes were much higher. Unions were much, much stronger. The government was far more involved in the economy, a much more regulated economy. And you of course have to ignore all of this to fit it into your narrative presented by the oligarchy, represented by AEI.

1969 was 40 years after the depression started. You are living in fantasy land, just like other libertarians. Having to rewrite history in order to fit it into the debunked and crazy ideology called libertarianism. An ideology for the ruling oligarchy, funded by the oligarchy and sadly swallowed hook, line and sinker by certain members of the working class.
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Old 10-27-2017, 02:13 PM
 
Location: Santa Monica
36,853 posts, read 17,363,818 times
Reputation: 14459
Quote:
Originally Posted by zzzSnorlax View Post
Personally, I have never really had the urge to swap my white collar job and nice house for living in a crime zone and buying groceries with food stamps. Funny enough, I have never felt like a slave, despite being in a tax bracket that has to give substantially more than it takes....
If confiscation of 100% of the fruits of your labor at gunpoint is slavery at what % is it no longer slavery and who decides said %?
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Old 10-27-2017, 03:03 PM
 
79,907 posts, read 44,210,872 times
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Quote:
Originally Posted by FirebirdCamaro1220 View Post
I've argued that capital gains should be taxed as normal income, subject to the same graduated rates rather than a flat 15%
I agree. Income is income is income.
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Old 10-27-2017, 03:32 PM
 
Location: Santa Monica
36,853 posts, read 17,363,818 times
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Quote:
Originally Posted by pknopp View Post
I agree. Income is income is income.
Armed robbery is armed robbery is armed robbery.
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Old 10-27-2017, 08:23 PM
 
79,907 posts, read 44,210,872 times
Reputation: 17209
Quote:
Originally Posted by No_Recess View Post
Armed robbery is armed robbery is armed robbery.
You impress no one because in the end you don't even support what you claim to support
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Old 10-27-2017, 09:15 PM
 
30,166 posts, read 11,795,579 times
Reputation: 18687
Quote:
Originally Posted by PCALMike View Post
Effective marginal taxes were much higher. Unions were much, much stronger. The government was far more involved in the economy, a much more regulated economy. And you of course have to ignore all of this to fit it into your narrative presented by the oligarchy, represented by AEI.

1969 was 40 years after the depression started. You are living in fantasy land, just like other libertarians. Having to rewrite history in order to fit it into the debunked and crazy ideology called libertarianism. An ideology for the ruling oligarchy, funded by the oligarchy and sadly swallowed hook, line and sinker by certain members of the working class.
No.

First, unions will never ever be the same. It is a different world. You have to wipe out your union fantasy world. China, Mexico etc got rid of union influence. Don't like it tell the Clinton's.

The oligarchy is the Democrats and Republicans. They control everything including you.
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