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Senior Member
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
Senior Member
WRONG;............by not offsetting his gains with losses, he'd owe a boatload more in taxes.......because he MADE MORE.Originally Posted by vetbass
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
Senior Member
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.
Senior Member
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
Senior Member
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.
Senior Member
O my God, I'm not the only one! Times 2
Senior Member
THERE is reasoning with me.......We have an entitlement mentality.....People who pay no taxes feel ENTITLED to government handouts......
I am perfectly fine paying the taxes I pay and would be perfect fine with a raising of my taxes...IF and ONLY IF those freeloaders at the bottom of the pile were held accountable and paid some taxes.
So, yea, those in lower income brackets do pay
* city tax
* sales tax
* locality tax
* fuel tax
BUT....if they don't pay ANY payroll tax and if the don't pay any medicare tax.....WHO THE HELL will pay for their social security and medicare benefits.......ME.
Look, I know we are going to have to make some very hard decisions in the future. I want the decisions to effect everyone. NOT just the rich, not just the poor, not just the middle, but until we have some entitlement reform at the bottom, I simply don't TRUST government to do anything promised. NOTHING.
Don't RAISE my taxes until you've made serious headway in entitlement reform......then come talk to me about raising taxes.
Senior Member
This isn't about raising YOUR taxes. This is about raising taxes on people making over a million a year. But in typical Tea Party fashion, your knee-jerk reaction is to reject it out of hand. And while you have a point about entitlement reform, which by the way Buffett also makes, at least there has been SOME compromise from the left on spending cuts, and I know of nobody who has signed any pledges regarding spending cuts. There has been absolutely ZERO compromise from Republicans when it comes to generating more revenue, and the deficit will always be a fact of life until that changes.
Senior Member
Do you REALLY think it would stop there. Everything I've seen so far from the current admin starts at 250k. While I don't make that, that is a FAR CRY from a millionaire......
NO, you cannot believe for one single SECOND that they really mean the millionaires and billionaires....
We don't have a revenue problem..we have a SPENDING PROBLEM. Fix it first...........then come and talk to me.
Later,
Geo
Senior Member
So now you're throwing up a strawman. Buffett can't mean what he said, because of what Obama said!
I'll say it again. There's just no reasoning with you on this subject.
Senior Member
roadrunner you are right in that we have a spending problem--http://zfacts.com/p/318.html---watch the youtube video at the bottom of the page and it will lay out the debt problem and were it came from and what we need to do to get out of it
Senior Member
The Washington Post babbled again today about Obama inheriting a huge deficit from Bush. Amazingly enough, a lot of people swallow this nonsense. So once more, a short civics lesson.
Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party.
Furthermore, the Democrats controlled the budget process for FY 2008 and FY 2009 as well as FY 2010 and FY 2011.
In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For FY 2009 though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009. Let's remember what the deficits looked like during that period: (below)
If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself.
In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th
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