Buffett blasts system that lets him pay less tax than secretary

Why not grow a wealthier nation?
The best way to eliminate poverty is for each generation to be able to accumulate wealth by lower taxes and include the previous generation's wealth to be built upon.
Lefty cretins will never get this. Too complicated for retards. I know one personally it's all about "raise taxes, have government do this and that, invest in people" and all other typical cliches and non-sense. And you know what? He earns cash and DOESN'T PAY HIS FUCKING TAXES. These fuckers are all the same hypocritical garbage.
 
Quote from ElCubano:

the cats going to leave all his money to charity...and lives in a house thats way under par and drive an oldsmobile cutlass. or whatver it is...cmon you got the wrong cat...
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ElCubano you might be wrong, truly greedy motherfuckers enjoy hording of cash not spending it. Reg. Mr.Buffet I've heard that the guy can hardly talk about anything else than money.(just a hearsay though)
 
Quote from neophyte321:

.... what a nob.

Buffet denied the IRS 50% of 52 Billion by donating it to charity.

WHY? Because he like any fool with a pair of eyes understands that the Feds will simply waste 90% of the 50% of that 52 Billion. The money will be put to better use in the private sector. Just like the secretary's income would be better put to use for herself in her own hands.

Why didn't Buffet suggest the secretaries tax level be lowered instead of raising the rate on the mega-wealthy only after his tax obligations (or rather coercions, see the Ron Paul thread) have virtually disappeared?
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I understand that the IRS won't see the money. He is playing by the rules that exist today. And saying that we should change the rules.

That the federal government is inefficeint was never the question.

Last and not least. He would NEVER have to pay taxes on that money. Whomever inherited it would. Teh whole tax liability is on the recieving end. All this other stuff you are writing has nothing to do with what I said.
 
Quote from Cesko:

Why not grow a wealthier nation?
The best way to eliminate poverty is for each generation to be able to accumulate wealth by lower taxes and include the previous generation's wealth to be built upon.
Lefty cretins will never get this. Too complicated for retards. I know one personally it's all about "raise taxes, have government do this and that, invest in people" and all other typical cliches and non-sense. And you know what? He earns cash and DOESN'T PAY HIS FUCKING TAXES. These fuckers are all the same hypocritical garbage.
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I think everyone on both sides agrees with the first part. Everyone disagrees on how to do it. If there was one right way that was proven over and over, every country in the world would be doing and then we could all be rich.
 
Quote from Cesko:

Why not grow a wealthier nation?
The best way to eliminate poverty is for each generation to be able to accumulate wealth by lower taxes and include the previous generation's wealth to be built upon.
Lefty cretins will never get this. Too complicated for retards. I know one personally it's all about "raise taxes, have government do this and that, invest in people" and all other typical cliches and non-sense. And you know what? He earns cash and DOESN'T PAY HIS FUCKING TAXES. These fuckers are all the same hypocritical garbage.
More...
This is for your retarded, hypocritical, lefty, cretin neighbor. Maybe it will result in him gaining an IQ point.


http://residentalieninusa.blogspot.com/2007/03/irs-will-pay-you-to-turn-in-tax.html

Thursday, March 15, 2007
IRS will pay you to turn in tax cheaters

SmartMoney is reporting....

Under a newly amended rule from the Internal Revenue Service, ordinary citizens can help the tax man cometh, or at least collect. The new Whistleblower Office is the IRS's attempt to give incentives for you to rat out the tax cheats you know.That's right. If your employer, co-worker, landlord, neighbor or father-in-law is raking in fistfuls of cash and bypassing Uncle Sam, you can anonymously report the abuse to the IRS and snag a windfall from their dishonesty.As long as the total amount of tax fraud comes out to at least $2 million (including penalties, interest, and whatever else the government ultimately collects based on your report), you can get a 15 to 30 percent cut.....
 
I'd like the details of how Buffett was taxed at 17% and his secretary at 30%. Clearly his secretary did not pay income taxes anywhere close to 30%. anyone with even a slight familiarity with the tax code knows that. And how did buffett avoid the AMT that is supposed to catch rich tax avoiders like him?

Buffett is concnerned, just not concerned enough to pay his help more, even while he rakes it in himself. Like most liberals, his concern is largely verbal, designed to make him look good and feel morally superior.
 
Schedule X — Single
If taxable income is over-- But not over-- The tax is:
$0 $7,550 10% of the amount over $0
$7,550 $30,650 $755 plus 15% of the amount over 7,550
$30,650 $74,200 $4,220.00 plus 25% of the amount over 30,650
$74,200 $154,800 $15,107.50 plus 28% of the amount over 74,200
$154,800 $336,550 $37,675.50 plus 33% of the amount over 154,800
$336,550 no limit $97,653.00 plus 35% of the amount over 336,550



Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er)
If taxable income is over-- But not over-- The tax is:
$0 $15,100 10% of the amount over $0
$15,100 $61,300 $1,510.00 plus 15% of the amount over 15,100
$61,300 $123,700 $8,440.00 plus 25% of the amount over 61,300
$123,700 $188,450 $24,040.00 plus 28% of the amount over 123,700
$188,450 $336,550 $42,170.00 plus 33% of the amount over 188,450
$336,550 no limit $91,043.00 plus 35% of the amount over 336,550
 
So if Buffett's $60k secretary is married, she and her husband paid about $1500 in federal taxes or around 2.5 %. Maybe he got the decimal misplaced. Actually they paid a lot less, because that is the tax on $60k in taxable, not gross, income.
 
Buffett is concerned, just not concerned enough to pay his help more, even while he rakes it in himself. Like most liberals, his concern is largely verbal, designed to make him look good and feel morally superior.

How can anybody be so stupid not to understand this simple shit???
I would put all my money on the line that (if doable and provable) ZZZ....... and others like him wouldn't pay a penny in taxes if they could get away with it.
 
The stupidity...

You level some inane challenge which is undo-able and unprovable...

Typical klannish...

Quote from Cesko:

Buffett is concerned, just not concerned enough to pay his help more, even while he rakes it in himself. Like most liberals, his concern is largely verbal, designed to make him look good and feel morally superior.

How can anybody be so stupid not to understand this simple shit???
I would put all my money on the line that (if doable and provable) ZZZ....... and others like him wouldn't pay a penny in taxes if they could get away with it.
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