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Thread: White House Tax Plan Would Ask More of Millionaires

  1. #341
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    he's lying. And 60K is not taxed at 30% that is a lie. (Unless she had massive other income)
    Your opinions have proved to be wrong way too many times to be accepted as fact.

    Last edited by Catawba; 09-20-11 at 03:34 PM.
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  2. #342
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by 1Perry View Post
    Again, it isn't a "tax break" either. It's tax policy.
    Temporary tax breaks established during the Bush Administration. I am sure you are aware of the definition of temporary.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #343
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    he's lying. And 60K is not taxed at 30% that is a lie. (Unless she had massive other income)
    I am guess that Buffet has fudged his numbers a bit. My sense is that he is including all "taxes" including social security, unemployment INSURANCE, medicare etc. Not only that he counts both what the employee pays as well as what the employer pays as if that money would flow to the employee ( he knows that is a lie). Also he fails to point out that unlike most CEOs he makes only $100K that would be considered ordinary income.

    Maybe he could be a bit more honest, quit his CEO job at Berkshire and just join the campaign in whatever capacity he wants. At least people would understand why he says the things he does.

  4. #344
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Temporary tax breaks established during the Bush Administration. I am sure you are aware of the definition of temporary.
    Since you are worried about how much money is going to the govt. how much more are you paying than you are required to pay?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    Tax Brackets 2011 | taxbrackets2011.com

    you have to be up well over 100K to even hit a 28% top marginal rate which means an effective rate of well below 25%

    if she is paying a marginal rate of 20% on her salary, she has income well over 150K

    Why do people accept such obvious lies without checking

    and Buffett sets his own salary at one hundredth to one thousand of what similary situated executives are paid
    Your link just relates to FIT, not the total taxes she paid. Again, your skewed view has resulted in a skewed answer.
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  6. #346
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Your link just relates to FIT, not the total taxes she paid. Again, your skewed view has resulted in a skewed answer.
    No, you are the one that has a skewed view and don't seem to understand state, local, and federal taxes and what each funds. That is what liberals do to divert from the present. what you don't seem to understand is taht when Federal Taxes go up, people are going to move to lower tax states and that reduces state revenue thus promoting a bigger Federal Govt. as states cannot pay their bills.

  7. #347
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Conservative View Post
    Since you are worried about how much money is going to the govt. how much more are you paying than you are required to pay?
    I pay a higher percentage of my total income in taxes than millionaires and billionaires do of their total income.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  8. #348
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    I pay a higher percentage of my total income in taxes than millionaires and billionaires do of their total income.
    And how do you know that? Sounds like speculation to me

    IRS Data Show Most Millionaires Pay Taxes At Higher Rate Than Middle Class | Fox News

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    I pay a higher percentage of my total income in taxes than millionaires and billionaires do of their total income.
    Other than Buffet, can you name a "millionaire or billionaire" that pays less taxes then you.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by washunut View Post
    Other than Buffet, can you name a "millionaire or billionaire" that pays less taxes then you.
    Somehow I hear the old bad line........ "other than that Mrs. Lincoln, how did you like the play?"
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