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Thread: White House Tax Plan Would Ask More of Millionaires

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Thunder View Post
    are you accusing Redress of having a double-standard against Conservatives?
    this discussion does not concern anyone else-especially you



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    this discussion does not concern anyone else-especially you
    No, as a member of this forum I have EVERY right to participate in this and every other thread.

    thanks.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    he's trying to support the dems and Obama with being less than Honest.
    His basic point is correct.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by pbrauer View Post
    Well Obama never said they all do, but the facts are that some do and some don't.
    according to the IRS, out of the nearly 237,000 households that reported more than a million dollars income, less than a single percentage point pay less than the average middle class household. The President was either wrong, or lying.

    You have to look to them as individuals and not a group
    actually, since we are talking about tax policy, we are discussing income brackets - which are groups. Unless you would recommend a separate income tax rate for every individual in America?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by 1Perry View Post
    His basic point is correct.
    no it isn't and he also pays millions more in taxes

    that is the most important point



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    Defend Buffett's dishonesty all you want

    the facts are as follows

    Buffett pays the highest rate of tax on like income

    FICA is not part of the federal income tax program and should play no role in it nor should FICA payments be used to recalculate the FIT for some
    His argument includes payroll taxes. It's really that simple. That last sentence is an acceptable argument against Warren Buffet. The first sentence is dishonest though. Is that irony? A sentence calling someone else dishonest that actually is dishonest in itself? I always have trouble with irony. If you compare the taxes the way he defines them his argument is absolutely correct. And since it's his argument, he can define things however he wants to define things. It's not dishonest for him to call a tax a tax. What your response should be is "Yes, Warren Buffet is correct. However, I don't feel that FICA should be included in the comparison, and if you don't include FICA the results are X".

    I understand the argument that tax should be in relation to the benefit provided by said tax. I'm in favor of progressive tax systems so I don't want such a system, but I understand the logic behind it. It at least makes sense, it's more than rhetoric, you should stick with it.

    In response, I might ask why social security is unique like that? Certainly I myself pay a lot more taxes than the welfare recipients, and I myself do not receive welfare. The tax I pay into the system going to welfare isn't based on my expected payout. Why should social security tax be different?

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    Defend Buffett's dishonesty all you want

    the facts are as follows

    Buffett pays the highest rate of tax on like income

    FICA is not part of the federal income tax program and should play no role in it nor should FICA payments be used to recalculate the FIT for some

    I would imagine that Buffet has his fica paid by late January wouldn’t you think? Unlike the working poor and middle-class, who have seen real wages shrink, pay fica all year.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    Defend Buffett's dishonesty all you want

    the facts are as follows

    Buffett pays the highest rate of tax on like income

    FICA is not part of the federal income tax program and should play no role in it nor should FICA payments be used to recalculate the FIT for some
    You have not shown that Buffett was dishonest.

    According to Conservative, Buffett's salary is 100k, which would not put him in the highest marginal rate. Oops, one fact isn't a fact.(note: just checked, most recent year I could find, Buffett received "total compensation" of 175k, with 100k in salary)

    FICA is a federal tax, and the rest is your opinion. So that is another fact that isn't actually a fact.

    Care to try with some real facts? These phony facts are not doing you any good.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by donc View Post
    I would imagine that Buffet has his fica paid by late January wouldn’t you think? Unlike the working poor and middle-class, who have seen real wages shrink, pay fica all year.
    Not on a 100,000 a year salary. FICA isn't collected on investment income. What does FICA have to do with anything here, it is a retirement contribution. If someone pays it all year so what, they get a check back when they retire from that fund.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by donc View Post
    I would imagine that Buffet has his fica paid by late January wouldn’t you think? Unlike the working poor and middle-class, who have seen real wages shrink, pay fica all year.
    I would imagine that Buffett had his FICA paid up around noonish on January 1st.

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