Buffett demands to pay more tax? An alternative view!

[vetbass]

amen mr. buffet! I have expressed this very argument on this board several times and i keep getting the reply of the rich pay all the taxes and its not fair to "punish" the wealthy for being successful blah blah blah--the wealthy would pay the majority of the taxes if they actually paid the 33% bracket their actually in-however the repubs have made sure there are a thousand loopholes for the wealthy to use--how sad is it that a billionare paid less percentage wise in taxes than the average working joe--warren buffet and his 17% is no different than any other millionare or billionare who gets out of paying their fare share--if they paid somewhere close to the 33% their supposed too the repubs would have to balance the budget on the backs of the middle class

[RoadToad]

I think both sides need to listen to him. He speaks a lot of common sense. I still like his idea of making every incumbent ineligible for reelection if the deficit exceeds 3% of the GNP.

[vetbass]

watch the video link on yahoo news--this is actually a link coming from fox news republican network however it tells the truth about taxing rich and how that creates or doesnt create jobs---http://news.yahoo.com/stop-coddling-super-rich-buffett-084140678.html

[Tom523]

I think he should just write out a 5 billion dollar check to the U.S. Government and then I'll believe him.

[vetbass]

buffett actually addressed that question before--you cant just send the irs a random check for no reason the system doesent work that way--if you send a check to the irs without actually owing that money they will send that check right back to you--this question is briefly explained in the video

[FlyLie]

10-4 on the video: http://news.yahoo.com/stop-coddling-...084140678.html

[GeoFisher]

buffett actually addressed that question before--you cant just send the irs a random check for no reason the system doesent work that way--if you send a check to the irs without actually owing that money they will send that check right back to you--this question is briefly explained in the video

HORSE CRAP. All he needs to do is NOT offset his gains against losses and he will owe ten shitloads of money to the IRS.

If he really wanted to pay a few billion more in TAXES, he could make it happen.

He's all about lip service in this case...........

I'm of course simplifying what he could do but it it is NOT rocket science if he really wanted to pay more in taxes.......

Later,

Geo

[vetbass]

offsetting his gains against losses is just another way to sidestep the system--another loophole to protect the wealthy--of course he is gonna take advantage of the system--just like anybody else would do--the repubs are trying to deflect the truth by trying to turn this into argument of why warren doesent just pay these extra taxes he talks about--the argument is that all the wealthy need to pay their fare share--17% is not their fare share

[GeoFisher]

offsetting his gains against losses is just another way to sidestep the system--another loophole to protect the wealthy--of course he is gonna take advantage of the system--just like anybody else would do--the repubs are trying to deflect the truth by trying to turn this into argument of why warren doesent just pay these extra taxes he talks about--the argument is that all the wealthy need to pay their fare share--17% is not their fare share

WRONG;............by not offsetting his gains with losses, he'd owe a boatload more in taxes.......because he MADE MORE.

Yea, it is a loophole.....one that you and I can use also, and I'm NOT WEALTHY.

Of course he's gonna take advantage?? WHY.....if he thinks he needs to pay more money, then do the right thing, and PAY MORE MONEY.......Personally, I think he pays enough......and I think I pay enough. How about the 47 million families that don't pay ONE RED CENT it taxes. How about we charge them 10 percent or 5 percent??

Instead, we give them a 4-5K tax payday every april 15th. And with that tax payday, we give them vacations, playstations, Xboxes, big screen TV's, fantastic new ipods, whatever............HOW about we not give them a big payday, and instead give them NOTHING........They didn't earn it....they didn't work for it......they will NEVER BETTER THEMSELVES with it......They are NOT entitled to spend my MONEY.......

Crap.....how hard is it to pound that into some of your guys' THICK HEAD??

This country was built on hard work and values. BOTH of those things are sorely missed in this country. When someone would rather take a gubment check instead of working a mcdonalds.....something is wrong.........I don't give a crap that they cannot make ends meet at 7.25 an hour. GET 2 jobs and work MORE HOURS.......I DID.

Later

Geo

[kydonky]

How about the 47 million families that don't pay ONE RED CENT it taxes. How about we charge them 10 percent or 5 percent??

Geo, neither Repulicans of Democrats have proposed raising the tax on the low income brackets or raising the threshold to pay tax.

From what I hear in the news is that nobody wants any tax whatsoever. No tax on the wealthy (they earned their money), no tax on the poor (they can't afford it) and no tax on anybody else (they have paid enough).

Yet everyone wants the potholes fixed, they want the police to patrol their neighborhood, they want their trash picked up, they want clean rivers and they want to feel secure with the finest military establishment in the world.

Complaints on this board of the tax on gasoline. That if somehow we were to remove the tax on gasoline the price of gas would be affordable.

Look at the airlines. They recieved a break on FAA taxes yet did not lower fairs, kept the offset to help profits. I don't see oil companies doing any diferent out of the goodness of their hearts.

Oil is around $85 now and gas is still at about $3.50. $0.80 higher than last year with oil prices lower and demand the same or lower. We have now be conditioned to pay > $3.50 for gas. It's not coming down no matter the price of oil because they know we will pay that.

The Oil companies are not going to build us a new 4 lane highway, no private company is because it is just not economically feasable to aquire the land and make the investment.

So somehow this gas tax is just awful, but nobody is giving up using the interstate. Instead you hear "they need to fix that curve, need a guadrail there, this boat ramp is too bumpy ".

I think Warren Buffet can afford to pay a little more tax.

[vetbass]

typical repub to say that a billionare only paying 17% is fair and someone working at mcdonalds making $10000 dollars a year needs to pay !0%--the facts are that you are right that 50% of people dont pay directly into the irs but they do pay taxes--property taxes, state taxes,gas taxes,food taxes,city taxes, taxes on their pay checks--the vast majority of these 50% of folks live below the poverty level and you want them to pay more in taxes than warren who pays 17% unbelivable--geo your exactly right there are a percentage of folks who sit on their butts not working and milk the system and dont contribute one thing to our society accept being a parasite however its not right to punish the entire 50% for a few freeloaders--when those 50% do get their "tax payday" as you call it us business folks love it because the poor and middle class actually pump this money back into our businesses which benifit us all--thats called trickle up economics which actually works--when the wealthy keep their tax dollars it trickles nowhere except their bank accounts

[RoadToad]

Thank you Geo for illustrating just how intransigent Tea Party Republicans really are. There is just no reasoning with any of you on this issue, and that's one of the main reasons the US credit rating was just downgraded.