under an income tax warren would owe nothing. sounds fair and logical. if you have a bad year and have no income. no tax.
under a consumption tax scheme if you have a bad year and have no income you still pay tax.
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Thousands of wealthy earners manage to zero out tax bills
- Thread starter Free Thinker
- Start date
under a consumption tax scheme if you have a bad year and have no income you still pay tax.
Quote from Free Thinker:
under an income tax warren would owe nothing. sounds fair and logical. if you have a bad year and have no income. no tax.
under a consumption tax scheme if you have a bad year and have no income you still pay tax.
I understand this. But your point above was that no one can make him spend money so it's still not fair.
its also not logical. why would he decide to not make money? since most of his money just rolls in without his direct participation he would have to go to extreme lengths to stop making money.Quote from OccupyThis:
I understand this. But your point above was that no one can make him spend money so it's still not fair.
now you should keep quiet.
Quote from Free Thinker:
...are you that dense? say consumption taxes for eating and taking a shit are 1000 a year. if warren decides he wants to live frugally and spend nothing extra that year and his total tax bill is $1000 what precentage of his income is it?
now look at granny. she earns 12000 a year through ss. she has to eat and take a shit too and spends the same $1000. what precentage of her income is that?
Free, you're talking to someone who doesn't care about percentages.
I care about everybody paying some taxes.
You're trying to make this thread about Warren Buffet.
I'm trying to make it about fairness; not bureaucratic manipulation of the tax scam in this country to increase favorable voting numbers.
I want fairness for the lazy as well as for the wealthy.
Of course, this points out the difference between someone who really is a "free thinker" and someone who calls himself that on the internet.
I will credit you with being very skillful at diverting and twisting subject matter to cause confusion.
You do this regularly here on this website.
Many fall for your crap.
Some of us don't.
Pull that mask off.
Quick acting "dense". LOL