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Thread: Christie: Buffett Should ‘Write a Check and Shut Up’

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by Blazerbob View Post
    My issue is Buffett would not be hurt all that much by a raise in income taxes, most of what he earns is passive income and thus fall under different codes and he can exploit all sorts of deductions, so he is really just playing benevolent. If was really serious about evening his and his secretary's tax rate, he'd talk about eliminating deductions. The last time the rich's effective tax rate went up was under the Reagan administration, that is when many deductions were suspended. Since then the effective tax rate has fallen in every administration since then.

    He said what would make him popular with Obama, cause more class warfare, he said nothing that would really hurt him and his payback from Obama is his rail still gets to haul tons and tons of oil. Pay a little, get a lot back. Not very sincere.
    Do you have any, you know, evidence to back up your claims? How much oil does BNSF Railway Co. actually haul? Of that, how much would go away as a result of the XL pipeline? What percentage of revenue does that equate to in relation to Berkshire as a whole? Doesn't the railroad haul infinintely more coal than oil? And hasn't Obama been trying to clamp down on coal plant emissions? Hasn't Buffett proposed that millionaires pay at least 30% regardless of the source of the income, and inclusive of deductions? Etc.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Yeah, God that would be a terrible legacy to leave behind, wouldn't it? He'd be far better off being one one those right wing nutjobs like your buddies the Waltons, building million dollar houses for themselves and devoting huge sums of money to right wing wacky causes.

    You guys crack me up!

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by TurtleDude View Post
    we should have a system that does not reward politicians with votes by them telling the masses that tax hikes on OTHERS will pay for the goodies the masses want
    Especially not on people making 375K to 1 million a year. Those poor folks are struggling mightily to make ends meet as it is! There ought to be a charity called 'Money for rich guys' that the rest of us could contribute to.

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by ReverendHellh0und View Post
    Capitol gains taxes is tax on money you already earned and have been taxed and now want to invest. now if you want to argue that it should be taxed across the board and a higher rate, I would believe you not to be jealous of those who have done better with thier lives than you. Since you like to lie about me and infer I am a far right winger (something I shredded ad nauseum with you), I would have to respond to your asinine little quip and remind you.....

    The Good Reverend is the rich. I suck up to no one.



    Why is it called Capital GAINS? Because the tax is on PROFITS or gains you make from an investment not on the investment money itself. I can't believe you don't know that.

    No one could be jealous of your intellect.
    Last edited by iguanaman; 02-24-12 at 12:22 PM.

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    Quote Originally Posted by iguanaman View Post
    Why is it called Capital GAINS? Because the tax is on PROFITS or gains you make from an investment not on the investment money itself. I can't believe you don't know that.

    No one could be jealous of your intellect.


    The Good Reverend is the 1.5-2%.... my intellect isn't the only thing folks are jealous of.
    Last edited by ReverendHellh0und; 02-24-12 at 12:40 PM.
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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by ReverendHellh0und View Post
    Capitol gains taxes is tax on money you already earned and have been taxed and now want to invest. now if you want to argue that it should be taxed across the board and a higher rate, I would believe you not to be jealous of those who have done better with thier lives than you. Since you like to lie about me and infer I am a far right winger (something I shredded ad nauseum with you), I would have to respond to your asinine little quip and remind you.....

    The Good Reverend is the rich. I suck up to no one.


    here is a news bulletin for you: You are NOT paying capital gains taxes on money you have already pay tax upon. That is a blatant and bald-faced lie. You are only taxed on the profit you make - thus the name GAINS. One can now see how misled you have been and why you believe as you do based on a blatantly false premise.

    As to you being a right winger - your thousands of posts say otherwise.

    As to you shredding that label - you have made a half hearted effort to deny your own reality but you always end up doing the same things to me and many others. And it always follows the same pattern and ends the same.


    1- your extremism is exposed by other posters
    2- you get all huffy and issue a challenge demanding proof of your extremism
    2- you then proceed to go about ignoring the material presented as a result of the challenge or offering some self serving excuse
    3- you then depart from the issue being discussed and attempt to make it personal
    4- you try to derail the actual discussion invoking all your self promoting self-serving hype talking about yourself as a third person cartoon character
    5 - you then demand an apology when the other side will not give in to your bullying tactics or join your one many fan club
    6- when you do not get your apology you declare victory, act in smug an superior manner , and hightail it outta here.
    7- until it happens again where go back to point #1 in an endless loop
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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by ReverendHellh0und View Post
    Capitol gains taxes is tax on money you already earned and have been taxed and now want to invest. now if you want to argue that it should be taxed across the board and a higher rate, I would believe you not to be jealous of those who have done better with thier lives than you. Since you like to lie about me and infer I am a far right winger (something I shredded ad nauseum with you), I would have to respond to your asinine little quip and remind you.....

    The Good Reverend is the rich. I suck up to no one.




    no, it's not. period.



    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by ReverendHellh0und View Post
    The Good Reverend is the 1.5-2%.... my intellect isn't the only thing folks are jealous of.
    Rev, you are my homie and all, but you did just gaff the meaning of a capital gains tax.

    LTCG taxes return on investment, with a requisite being that you made a return OF investment. The reason it is taxed at a lower rate than regular income is due to time lags in valuations and how it (taxing it low) incentives long term investment in either financial or tangible assets.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

    Quote Originally Posted by Kushinator View Post
    Rev, you are my homie and all, but you did just gaff the meaning of a capital gains tax.

    LTCG taxes return on investment, with a requisite being that you made a return OF investment. The reason it is taxed at a lower rate than regular income is due to time lags in valuations and how it (taxing it low) incentives long term investment in either financial or tangible assets.


    Nah I got it, I just don't spend too much time on folks who spend thier existence here insulting me. yeah it reads completley wrong, but I had no desire to fix it.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Christie: Buffett Should ‘Write a Check and Shut Up’

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