If buffet wanted his secretary to pay the same income taxes as he does...

massah said:

Great...you are an idiot then...lemme break it down for you...

Rich people pray on their "workers" by paying them shit and collecting shitons of profits...they also hide money in capital investments to avoid paying higher income or corporate taxes...even if the capital investments are pure bullshit nothing but on paper "investments"...they hide it to pay less taxes...

So you want millionaires to continue to be allowed to abuse the system collecting as much money as possible to further separate the distance between the working lower/middle class and upperclass...how the fuck can any rational person think this is ok? Oh wait that's right you hate Ron Paul and would rather see more people poorer and watch the rich get richer...

Click to expand...

I dont look at life like you do.

A person wants to start a company. So he hires people at an agreed upon rate. See, you are not forced to take the money this man is offering it is a choice. If someone does not offer enough they will not get good workers. You bitch about people not getting paid what they are worth and yet you bitch about the bonuses that top level workers get. So basically you just bitch...

Capital investments is income from the sale of stock, houses, investments, etc... The rich are not the only ones that benefit from these lower rates. You can open a Scottrade account and trade stocks and YOUR capital gains tax rate will be 15%. Doubling that would kill investment, wall street, etc. And although you might think that is a great idea it would cause another massive loss of jobs and likely push us back into a recession.

You talk about people collecting money. Let me explain something to you.... The poor COLLECT welfare. They dont work for it, they simply get handed a check. The rich WORK for their money. They do this by either working their asses off and/or risking money they have to make more money. The rich create economic activity on a scale that a welfare check simply cannot compete with.

The economy is not a zero sum game. You do not have to take money from the rich to get rich yourself. The truly rich CREATE wealth by adding value to goods or services. If you dont understand that it is the fundamental reason why you can possibly think that confiscating more money from someone else somehow makes it fair how much is confiscated from you.

I want to see everyone get richer and not poorer.

I guess you don't believe in corruption...its ok sheepy...just keep on going on what they tell you to go on...you'll be ok...

massah said:

I guess you don't believe in corruption...its ok sheepy...just keep on going on what they tell you to go on...you'll be ok...

Click to expand...

I do believe in corruption. I believe the government is the primary location of it going on.

How has corruption affected your life? How has a rich person kept you down?

I have started several companies and work for myself. Some people choose their path in life and some people just let themselves get pushed in whatever direction seems easiest. I dont blame the rich for my problems.

NLXSK1 said:

I dont blame the rich for my problems.

Click to expand...

I do blame the rich for my problems as the rich are who make the laws to give them the power to rape the people of this country and the world as a whole...

massah said:

I do blame the rich for my problems as the rich are who make the laws to give them the power to rape the people of this country and the world as a whole...

Click to expand...

The government promised to reign in the rich while taking lobbing dollars from them. The rich promised you nothing but the opportunity of a job.

I blame the government, not the rich.

Why not just become rich? Wouldnt that solve all your problems?

By the way... Warren Buffet's secretary likely makes between 200,000 and 500,000 per year.

Which puts her in the 1%....

LOL!!!

NLXSK1 said:

Why not just become rich? Wouldnt that solve all your problems?

Click to expand...

Yes, that would solve all my problems. I could support my family and not have to worry about how to heat our house this winter and get involved in worldwide hunger and childrens programs to help people in need.

NLXSK1 said:

By the way... Warren Buffet's secretary likely makes between 200,000 and 500,000 per year.

Which puts her in the 1%....

LOL!!!

Click to expand...

You do realize the whole thing about her coming out and talking about this is because she pays a higher % of her income than Buffet does...and Buffet wants to pay the same % as she does...she doesn't get to use capital gains safehavens and other misc tax loopholes to reduce her tax burden...

massah said:

You do realize the whole thing about her coming out and talking about this is because she pays a higher % of her income than Buffet does...and Buffet wants to pay the same % as she does...she doesn't get to use capital gains safehavens and other misc tax loopholes to reduce her tax burden...

Click to expand...

You do realize that Buffet can pay any amount into the treasury at any time he wants right?

You do realize this is all bullshit right? It isnt about paying more taxes, it is about getting the other guy to pay more taxes. And you jumped right on board.

NLXSK1 said:

You do realize that Buffet can pay any amount into the treasury at any time he wants right?

You do realize this is all bullshit right? It isnt about paying more taxes, it is about getting the other guy to pay more taxes. And you jumped right on board.

Click to expand...

It's about making the rich pay the same % of income in taxes. Warren Buffet is an honest man who is calling for the removal of tax loopholes...simple as that...personal income is personal income regardless of where it comes from. Us POOR people don't have any extra money to invest into anything that would allow us to use the capital gains tax system, so it fucks us % wise even worse.

I work 60-70hrs/week at two jobs to make ends meet and we are still in the hole every month. I haven't had a raise in several years due to the economy, yet my cost of living has gone up about 20-30% and we've had to make some severe sacrifices, yet the rich fucks keep raking in asstons of money on laws/policies/etc that THEY created to BENEFIT THEMSELVES...how the fuck can you not understand this?

massah said:

It's about making the rich pay the same % of income in taxes. Warren Buffet is an honest man who is calling for the removal of tax loopholes...simple as that...personal income is personal income regardless of where it comes from. Us POOR people don't have any extra money to invest into anything that would allow us to use the capital gains tax system, so it fucks us % wise even worse.

I work 60-70hrs/week at two jobs to make ends meet and we are still in the hole every month. I haven't had a raise in several years due to the economy, yet my cost of living has gone up about 20-30% and we've had to make some severe sacrifices, yet the rich fucks keep raking in asstons of money on laws/policies/etc that THEY created to BENEFIT THEMSELVES...how the fuck can you not understand this?

Click to expand...

Why dont you look for a higher paying job?

Im just shocked Jimmy buffet's secretary makes that much for making frozen concoctions and cheeseburgers.


[video=youtube;jBsPZV14I-k]http://www.youtube.com/watch?v=jBsPZV14I-k[/video]

I think it's fair. Look at the math. His secretary could pay her entire salary as tax and it still wouldn't come close to the amount of money Buffet will pay in taxes.

Secretary salary-100,000
Buffet salary-1,000,000,000.

Tax rate of 100% for secretary, 10 % for Buffet.

Secratary pays 100,000. Buffet pays 100,000,000.

Who is paying more in taxes again?


Disclaimer: salaries are fictional though Buffet is probably close lol.

Antidisestablishmentarian said:

I think it's fair. Look at the math. His secretary could pay her entire salary as tax and it still wouldn't come close to the amount of money Buffet will pay in taxes.

Secretary salary-100,000
Buffet salary-1,000,000,000.

Tax rate of 100% for secretary, 10 % for Buffet.

Secratary pays 100,000. Buffet pays 100,000,000.

Who is paying more in taxes again?


Disclaimer: salaries are fictional though Buffet is probably close lol.

Click to expand...

What's your point? Of course the wealthy pay more taxes in absolute terms. But they also own most of the wealth and they do often pay less in relative terms, which is troubling, considering the tax code is supposed to be progressive and not regressive.

Actually, the tax code was supposed to be the same for everybody.

But congress uses it for it's own purposes now.

It's obvious that my point was that I think it's entirely fair. It said so in the first sentence of my post.

I then went on to explain why I feel that way.

Sometimes I wonder why bother.

So, I went back and read all 6 pages of this thread and all I can say is WOW. You liberal parrots spouting the "lefty" talking points are about as dumb as a bag of hammers. NLXSK1 has it exactly right, it's apples to oranges. Comparing capital gains tax rates and income tax rates is a PATHETIC attempt from a segment of the population that knows it's about to lose power and is frantic to find any kind of lifeline. Forget it. It ain't gonna work. You're either stupid, misinformed or beyond hope if you can't recognize the difference.

NLXSK1 pointed out the reason the rate is lower is because they are taking a risk, that's true, but it's not the main reason why the rate is lower. The main reason is because the money they are investing HAS ALREADY BEEN TAXED at the higher income tax rate. I think he was trying to get that to sink in to UB's brain, but that ain't an easy task when he doesn't want to concede he's wrong.

Fear not, plenty of us do understand the difference. We do think it's fair that profits derived from investment of already taxed money should be taxed at a lower rate. I for one don't think capital gains should be taxed at all, it's heinous and purely the "dreamchild" of progressive scumbags. Just like the estate tax.

NLXSK1 said:

Nope... I likely made less than you last year.

Click to expand...

If true, you sir need to stop smoking so much weed, you tend to take acid after getting really stoned and hallucinate on whether 13.9% and 22% are a fair taxation......

And please, stop with the risk BS. Go have a nice long chat with a real trader/investor...... the only people who lose are suckers and idiots... guess what they use Suckers to describe...? Average, 401k investors......

If true that you make little to no $$ you are the screaming example of retards that vote against their own self interests, usually from being uninformed, mentally challenged or watch too much FOX.


They are getting taxed on capital GAINS... the profits from money that has already been taxed not the investment itself , if this is not the case you are doing it wrong.

You and I get taxed on measly bank interest................

MuyLocoNC said:

So, I went back and read all 6 pages of this thread and all I can say is WOW. You liberal parrots spouting the "lefty" talking points are about as dumb as a bag of hammers. NLXSK1 has it exactly right, it's apples to oranges. Comparing capital gains tax rates and income tax rates is a PATHETIC attempt from a segment of the population that knows it's about to lose power and is frantic to find any kind of lifeline. Forget it. It ain't gonna work. You're either stupid, misinformed or beyond hope if you can't recognize the difference.

NLXSK1 pointed out the reason the rate is lower is because they are taking a risk, that's true, but it's not the main reason why the rate is lower. The main reason is because the money they are investing HAS ALREADY BEEN TAXED at the higher income tax rate. I think he was trying to get that to sink in to UB's brain, but that ain't an easy task when he doesn't want to concede he's wrong.

Fear not, plenty of us do understand the difference. We do think it's fair that profits derived from investment of already taxed money should be taxed at a lower rate. I for one don't think capital gains should be taxed at all, it's heinous and purely the "dreamchild" of progressive scumbags. Just like the estate tax.

Click to expand...

You are talking about Liberal talking points by spewing Republican talking points....... Good job .......... keep spewing that shit.. you know... because you do not want to fairly tax the wealthy or corporations... cause you know you will be wealthy and running a corporation yourself soon.................

You 2 need to please stop... I am laughing way to hard, can't keep my coffee down........


And stop calling me a fucking Liberal, they are wayyyyyyyyyy to far to the Right for me.



BTW, most investments are NOT taxed at a higher rate before being invested, the majority of them are reinvestment of profits that were taxed at 15%. DUMBASS

WillyBagseed said:

If true, you sir need to stop smoking so much weed, you tend to take acid after getting really stoned and hallucinate on whether 13.9% and 22% are a fair taxation......

And please, stop with the risk BS. Go have a nice long chat with a real trader/investor...... the only people who lose are suckers and idiots... guess what they use Suckers to describe...? Average, 401k investors......

If true that you make little to no $$ you are the screaming example of retards that vote against their own self interests, usually from being uninformed, mentally challenged or watch too much FOX.


They are getting taxed on capital GAINS... the profits from money that has already been taxed not the investment itself , if this is not the case you are doing it wrong.

You and I get taxed on measly bank interest................

Click to expand...

I am starting businesses. You dont make alot of money when you start businesses. You have to invest money and work your ass off to build a customer base and start making a profit. The average time for a business to get into the black is 2-5 years. At the moment I am at about 9 months and 50% of the way to the black which is pretty damn good.

You make one hell of a lot of assumptions about people.

Most businesses fail within 5 years and over 90% of them within 10 years but somehow you think all businesses succeed. I really dont know what to say about that. You dont seem to understand bankruptcy and what happens when you have stock invested in a company that goes belly up. It happens all the time. But hey, you know investors that never lose. Maybe you have been investing with Maddoff. He never lost... He never invested either.

My guess willy is that you have never tried to start a business and that you really have no understanding about how they work beyond being an employee.

I get taxed on my capital gains when I sell real estate, I get taxed on capital gains when I sell stock for a profit, I get taxed on capital gains if I choose to take a disbursement from my company rather than pay myself a salary. It doesnt require a rich person to get profit from capital gains and I guess you simply cannot see that. And I guess since you cant have it, nobody should.

I get so sick of greedy people jumping on a bandwagon trying to get the government to confiscate more of another groups money just out of envy. Make your own damn money and mind your business.