Page 5 of 13 FirstFirst ... 34567 ... LastLast
Results 41 to 50 of 122

Thread: Warren Buffett releases tax figures to GOP

  1. #41
    Educator Reg's Avatar
    Join Date
    Oct 2011
    Last Seen
    10-24-11 @ 01:23 AM
    Lean
    Undisclosed
    Posts
    987

    Re: Warren Buffett releases tax figures to GOP

    Yes, and Warren Buffet could make that go away and direct Berkshire to pay it, if he wanted it so.

  2. #42
    Noblesse oblige
    Ockham's Avatar
    Join Date
    Oct 2009
    Location
    New Jersey
    Last Seen
    01-27-17 @ 07:23 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,909
    Blog Entries
    4

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by roughdraft274 View Post
    I know you two are too partisan to even understand this but I'll give it a shot anyways. There is a HUGE distinction between Buffett's personal income tax debt and that of Berkshire Hathaway. One is the tax obligation of a private citizen and the other is that of a corporation owned by shareholders. Two completely different and separate entities under the law.

    Berkshire Hathaway's fiduciary responsibility to it's SHAREHOLDERS is to MAXIMIZE returns under current tax law. That doesn't mean that current tax law is fair or that Warren Buffett is a hypocrite for calling to make tax law more equitable. It only means that he's fullfilling his moral and business obligation to his shareholders. What it demonstrates is a decades-long pattern of shrewd business dealings and fighting for his shareholders WITHIN the limits of the law. That's why Berkshire Hathaway's share price is $104,000.00 per share.

    Bottom line is that Warren Buffett's personal income tax obligation is a completely different animal from Berkshire Hathaway's and minimizing costs in the interest of shareholders is just plain old good business practice.
    While a very good explaination, it's irrelevant to my charge that he's a hypocrite. I know very well the difference between corporate and personal tax obligations.

    Quote Originally Posted by roughdraft274 View Post
    Warren Buffett isn't a hypocrite simply because he thinks the rich should pay there fair share. He wants his own tax rate to go up.
    If that were to be true, why then does he only pay 15%? The answer is, because he has CPA's, and lawyers and people who's job it is to utilize the existing tax code to lower his person tax rate. His tax rate is ALREADY higher ... yet he doesn't pay the higher rate. THAT is why he's a hypocrite.


    Quote Originally Posted by roughdraft274 View Post
    He'd be a hypocrite if he wanted everyone making millions, except for him, to pay more in taxes.
    That's certainly a second way he'd be a hypocrite yes.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  3. #43
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by Ockham View Post
    If that were to be true, why then does he only pay 15%? The answer is, because he has CPA's, and lawyers and people who's job it is to utilize the existing tax code to lower his person tax rate. His tax rate is ALREADY higher ... yet he doesn't pay the higher rate. THAT is why he's a hypocrite.
    No one is under any moral obligation to pay more taxes than they are legally required to pay. I think it's stupid that our tax code is littered with deductions, credits, and exemptions, but that doesn't mean I'm not going to claim every single one of them that I'm entitled to claim. It's hard to fault Buffett for doing the same. You play by the existing rules and work to change them.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  4. #44
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by Ockham View Post
    Yet he's hypocritical enough to not pay his "fair share", and spend a lot of money to avoid it.
    That statement is void of even a shred of logic. Why would Buffet petition to have his taxes raised if we were trying to avoid paying taxes?
    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

  5. #45
    Noblesse oblige
    Ockham's Avatar
    Join Date
    Oct 2009
    Location
    New Jersey
    Last Seen
    01-27-17 @ 07:23 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,909
    Blog Entries
    4

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by Catawba View Post
    That statement is void of even a shred of logic. Why would Buffet petition to have his taxes raised if we were trying to avoid paying taxes?
    Wrong question --- the correct question is why would Buffet pay people to find tax loopholes if he weren't trying to avoid taxes?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  6. #46
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by Ockham View Post
    Wrong question --- the correct question is why would Buffet pay people to find tax loopholes if he weren't trying to avoid taxes?
    Let's just stick with the facts that can be verified.
    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

  7. #47
    Noblesse oblige
    Ockham's Avatar
    Join Date
    Oct 2009
    Location
    New Jersey
    Last Seen
    01-27-17 @ 07:23 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,909
    Blog Entries
    4

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by Catawba View Post
    Let's just stick with the facts that can be verified.
    So you're saying he doesn't employ CPA's and tax lawyers?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  8. #48
    Educator Reg's Avatar
    Join Date
    Oct 2011
    Last Seen
    10-24-11 @ 01:23 AM
    Lean
    Undisclosed
    Posts
    987

    Re: Warren Buffett releases tax figures to GOP

    Why the cult of personality for Warren Bluffer? Is he untouchable since he sings the right hymns?

  9. #49
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by Ockham View Post
    So you're saying he doesn't employ CPA's and tax lawyers?
    I am saying there is zero evidence that he has illegally avoided taxes, while there is verifiable evidence that he has petitioned to have his taxes increased.
    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

  10. #50
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Today @ 07:24 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,998
    Blog Entries
    1

    Re: Warren Buffett releases tax figures to GOP

    Quote Originally Posted by Catawba View Post
    I am saying there is zero evidence that he has illegally avoided taxes, while there is verifiable evidence that he has petitioned to have his taxes increased.
    There is verifiable evidence that he has petitioned to have his non legally avoidable taxes increased.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

Page 5 of 13 FirstFirst ... 34567 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •