Oh Box you are playing into the hands of Wall Street...It is not about Warren or Mitt, it is about GETTING THE MONEY FROM the seniors, those who are not able to "earn" their income- but who have investments. Yes, Warren you and Mitt are making more but are paying LESS of a rate. But no one in your office pays TWICE (watch at the end where the old man gets confused and states that the people in his office pay TWICE a rate) the effective rate of Mitt or you- Warren. None of the "secretaries" pay an effective rate of 30%, or they are imbeciles. Please don't tell me that people in the highest bracket don't have ANY INVESTMENTS that pay divs, or don't take their deductions, Warren.
Warren knows that the few super rich are few and that the lion's share of non-earned income will be grabbed at an earned rate will be from middle class elderly people who have INVESTED in order to get dividends when they are elderly. By discouraging the middle class from INVESTING, Warren knows that MORE WEALTH will go into the hands of the super-rich! because the current dividends (un-earned) income rate will be moved to the earned category- the MIDDLE CLASS WILL GET THE SOAKING BIG TIME!
If you want the middle class to get out of equities, then by all means rise the rates on unearned income. Counterproductive tax policy is what liberalism is all about. Make them rely on their Social Security!
Yes, Warren you and Mitt are making more but are paying LESS of a rate. But no one in your office pays TWICE (watch at the end where the old man gets confused and states that the people in his office pay TWICE a rate) the effective rate of Mitt or you- Warren. None of the "secretaries" pay an effective rate of 30%.
No Graham... YOU ARE WRONG! His secretary DOES PAY TWICE WARREN'S TAX RATE! Your opinion, once again, conflicts with the FACTS! Warren's taxes was just over 17.7%... The AVERAGE in his office was 32.9%... No one in his office paid as low a tax rate as Buffett.
A federal income tax rate of 33% would mean that Buffett's secretary was making between $174K and $379K annually.
A newspaper is a device for making the ignorant more ignorant and the crazy crazier. ~ H.L. Mencken Democracy is the theory that the common people know what they want, and deserve to get it good and hard. ~ H. L. Mencken The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. ~H. L. Mencken
Buffett didn't divulge an individuals rates ( I would assume for privacy reasons) but the AVERAGE in his office was 32.9%
Warren feeds it...You eat it right up.
A newspaper is a device for making the ignorant more ignorant and the crazy crazier. ~ H.L. Mencken Democracy is the theory that the common people know what they want, and deserve to get it good and hard. ~ H. L. Mencken The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. ~H. L. Mencken
Buffet is just painting a rotten egg to get passed around as a podium puck.....him and his fellow roosters in the chicken coop are showing their feathers off to make sure they can 'raid' the nests......
LIARS LIARS LIARS....
if he was so concerned he would be donating all over the place.....sure....free money from Buffet and Friends......JOKE JOKE JOKE.......
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
OK, use this calculator to determine your effective tax rate. A single person making $400,000 with no unearned income and no deductions beyond the standard would be in the 35% bracket and would have an effective tax rate of 29.33%
Those people of the working poor that make $400,000 and don't invest their money, deduct mortage interest or have children- I am feeling bad for them. However to get to the 32.9 effective tax rate that single person would actually have to make $1,080,000
So I am moving to Omaha and applying to work in Warren's office as we speak. Maybe he needs a copy machine man or someone to scan things.
THIS IS ABOUT BANGING THE PEOPLE WHO MAKE $80 grand or $100 grand, because in order to appreciably GROW the size of the fed govt', the govt needs to go avter the vast middle class in order to empty THEIR POCKETS. It is not about Warren or Mitt or Bill Clinton or the Kennedys.
THIS IS ABOUT BANGING THE PEOPLE WHO MAKE $80 grand or $100 grand, because in order to appreciably GROW the size of the fed govt', the govt needs to go avter the vast middle class in order to empty THEIR POCKETS. It is not about Warren or Mitt or Bill Clinton or the Kennedys.
yup.....they will make their system seem that it has value.....they are 'banging out' virtual value for themselves.......and fear/envy for the stunads......THEY CAN TAKE THEIR $$ AND TAKE A LEAP....
I have what I have and you have what you have.....
there ain't nuthin' PROGRESSIVE about Buffet and Buddies feeling all ooey-gooey over their decadance and the need to 'share it'....via a very well legislated system that they bought and paid for.....
this has NOTHING to do with wallstreet....as much as it does the Buffet and Friends Government selling a painted turd to the masses.......they call it a faberge egg.....thanks Newt....
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
He's all crying about the 'rich' while 49% of pay no income taxes to begin with.
Yea those lazy unemployed, those senior citizens living on nothing but social security, the disabled, the mentally ill... I'm tired of all those freeloaders not paying any income tax!
Warren Buffett's Secretary To Attend Obama's SOTU.
White House spokesman Dan Pfieffer tweets that Warren Buffett’s secretary will be in attendance for tonight’s State of the Union address by President Obama, seated in the First Lady’s box.
Logged
