Obama To Sock Rich With A "Buffett Tax" On Incomes Of $1 Million Or More

[Zr1Trader]

Obama To Sock Rich With A "Buffett Tax" On Incomes Of $1 Million Or More


Well, this won't make President Obama's critics happy.

On Monday, the President will propose a new "Buffett Tax" on those making $1 million a year or more, Jackie Calmes of the New York Times reports.

The tax will be a sort of alternative-minimum tax that ensures that the nation's highest earners, like Warren Buffett, pay a similar percentage of their incomes in tax as middle-class people do.

Read more: http://articles.businessinsider.com...alternative-minimum-tax-incomes#ixzz1YFodWuCC







That should help create some jobs...not!

 

[nutmeg]

Quote from Zr1Trader:

On Monday, the President will propose a new "Buffett Tax" on those making $1 million a year or more,

Ha Buffett tax!! Anyone want to guess when the last year Buffett only made a million.

 

[Lucrum]

Those evil "rich" people, how dare they be more successful than lazy ass welfare queens.

 

[peilthetraveler]

How about this for a Buffet tax...anyone with over $1 billion dollars in net worth immediately has to pay 50% of his assets to the government. There! That will shut him up.

 

[pspr]

I think we should tax the government if it has revenues over $1M. For every dollar the U.S. Government takes in over $1M, 50% has to be paid back to the taxpayers. Let's put the shoe on the other foot for a change!

 

[THECOLONEL]

http://www.bbc.co.uk/news/world-us-canada-149627

Call me a cynic- but I think this guy is adopting this policy to try to get re-elected

 

[Trader666]

Quote from Lucrum:

Those evil "rich" people, how dare they be more successful than lazy ass welfare queens.

 

[JamesL]

Quote from peilthetraveler:

How about this for a Buffet tax...anyone with over $1 billion dollars in net worth immediately has to pay 50% of his assets to the government. There! That will shut him up.

Or, how about these uber-rich be prevented from moving their assets into charitable trusts to escape the death tax, Warren?

 

[Trader666]

Better if the money goes to charity than the government.

Quote from JamesL:

Or, how about these uber-rich be prevented from moving their assets into charitable trusts to escape the death tax, Warren?

 

[AAAintheBeltway]

Quote from JamesL:

Or, how about these uber-rich be prevented from moving their assets into charitable trusts to escape the death tax, Warren?

This is a tax benefit you will never hear democrats or liberals criticizing.