Warren Buffett gets bent over nothing really.

failed_trad3r · Oct 13, 2011

Quote from chaosclarity:

Look, this topic of the rich paying more taxes is just a distraction. Even if Warren handed over 100% of what he earned last year then will that solve the unemployment crisis? No. Will it pay the entire deficit? No. Lets say the 400 richest men in America handed over 100% of their entire worth, will that solve anything? No. Will the poorest segment of America get richer if Buffet is taxed at 100%? No.

If you dont see this for what it is...a campaign trick...then you are truly stupid. It doesnt matter what they pay, it wont solve anything. Obama should be spending his time governing and thinking up ways that work instead of campaign tricks.

The taxes have gone up on the poor and the middle class. Has healthcare premiums gone up? Yes. Has gas prices gone up? Yes. Has food prices gone up? Yes. Has the price of a stamp and the tolls you pay for the roadways gone up? Yes. Could Obama stopped any of that from happening? Yes.

chaosclarity, you are wrong in this matter. It will pay for the future deficit.
http://baselinescenario.com/2011/10/11/bathtubs-for-beginners/

ammo · Oct 13, 2011

Quote from failed_trad3r:

chaosclarity, you are wrong in this matter. It will pay for the future deficit.
http://baselinescenario.com/2011/10/11/bathtubs-for-beginners/

steve jobs payed himself $1 per year,tax that

chaosclarity · Oct 13, 2011

I honestly dont think anything is going to pay down the future deficit or the the future debt. I believe if the government manages to get more revenue then it will find a way to spend it on yet another federal government program and in the most wasteful manner possible. I am all for shrinking the government and deregulation.

failed_trad3r · Oct 13, 2011

Quote from ammo:

steve jobs payed himself $1 per year,tax that

He did that because salary is taxed at 40% but the stock options he granted himself instead is only taxed at 15%.

Backfire.

failed_trad3r · Oct 13, 2011

Quote from chaosclarity:

I honestly dont think anything is going to pay down the future deficit or the the future debt. I believe if the government manages to get more revenue then it will find a way to spend it on yet another federal government program and in the most wasteful manner possible. I am all for shrinking the government and deregulation.

Okay pls ignore the numbers. Good luck in your endaouvours.

failed_trad3r · Oct 13, 2011

Quote from failed_trad3r:

He did that because salary is taxed at 40% but the stock options he granted himself instead is only taxed at 15%.

Backfire. I love how everybody criticizes buffett for wanting to close this tax loophole.

denner · Oct 13, 2011

Quote from failed_trad3r:

Okay pls ignore the numbers. Good luck in your endaouvours.

Your numbers are a delusional fantasy. Chaosclarity's opinion on the matter is how the real world of corrupt tax and spend actually works.

kxvid · Oct 13, 2011

Quote from Hook N. Sinker:

How does Warren Buffet experience income of about $ 62 million? I recall Warren Buffet is usually a buy and hold type investor, and Berkshire Hathaway class A and B stock do not pay dividends.

He has a personal stock portfolio separate from Berkshire which generates taxable income.

Eight · Oct 13, 2011

Quote from efficiency:

He isn't the richest in the "damn country". That would be Gates.

How hard is it to spell? We're not talking rocket science, lengthy words or exotic accents. We're also not talking about an all-you-can- eat diner in a northern suburb of Detroit.

Pssst, you're the one that initiated the thread. Too much time on your hands? Perhaps you could consider an elementary school spelling bee. Might be some prize money. Which in turn is probably MORE than you extract from the river of fish.

You should focus on just one word: "lose".. it is spelled "loose" EVERYWHERE!! I've tried and tried over the course of my entire digital life to get people to see how wrong they are!!

uhhhh, so much for that moron... how's that ignore thingy go.. oh yeah, click the posters name, add to the list.... got it...

brokerboy · Oct 13, 2011

i don't see your point you picked 1 person and showed almost 50% increase in tax. do you want more tax or no tax? i don't get you

Quote from ChkitOut:

Taxable Income - 40 million

Federal tax paid - 7 million

effective tax rate - about 17%

if he was forced to pay 25% that would give the gubmint
an extra 3 million a year. 35%, an extra 7 mill. And this is
the richest guy in the damn country.

BIG FREAKING DEAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

They'll spend that on lunch!!!

Buffet is a tool, that is all.