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Thread: Buffett Gives Kids Foundations $3 billion

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Mason66 View Post
    That is true but it would still come off as a pass for the democrat doing the same nasty thing when it is something most people would not do.
    You are correct. I believe in uniform standards for people, if it's wrong for one it is wrong for the other, but I can see merit in holding those who decry a standard being held even more firmly to it. Just my opinion.
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Mason66 View Post
    This sounds like the argument the democrats give when a republican is caught doing something nasty.

    They say that Republicans are out there with the family values speech so it is bad when a republican gets caught, but simply because the democrats are not out there screaming family values, they get a pass.
    Ok. I suppose. I dont find how they do their taxes to be a concern quite the opposite. I just dont like hypocrites that go after my money while I am trying to accumulate more, and they have already made theirs. Romney doesnt do this, Buffett does. Buffet says tax the rich more. Well if he wants to pay more he can write a check. Leave me alone. Thats the way I think about the matter so I dont know what else to tell you.
    Last edited by PirateMk1; 09-05-12 at 12:06 AM.
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Hatuey View Post
    Leave it to Republicans to find a reason to attack a guy who is giving away 99% of his fortune to charities. What percentage of his fortune has Romney pledged to charity so far?
    OK, how about comparing Romney's income percentage of contributions to Joe Biden or President Obama?

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    Re: Buffett Gives Kids Foundations $3 billion

    It's been a long time since those "numbered accounts" existed. Switzerland complies with the IRS inquiries.

    You've een watching too many James Bond films from the 70s




    Quote Originally Posted by iguanaman View Post
    Numbered Swiss accounts are illegal when they are used by US citizens to hide income from the IRS.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by specklebang View Post
    It's been a long time since those "numbered accounts" existed. Switzerland complies with the IRS inquiries.

    You've een watching too many James Bond films from the 70s
    I think we should bring them back here, and import a few of the swiss banking rules.
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    Re: Buffett Gives Kids Foundations $3 billion

    Buffet stated an opinion, he didn't pass a law.

    You don't have to agree with an opinion (thank goodness) but a concept of liberty is the right to express an opinion.

    I'll have to assume that you are a very high income person, otherwise this "opinion" won't affect you.

    Now, here comes MY opinion. I think that capital gains should be taxed at ordinary income rates UNLESS the investment is active and American. Most people don't get much capital gains income. You have to be fairly rich to take advantage of that. If your investments create nothing, you shouldn't get preferential treatment.

    It more seems Romney opinion is that capital gains should pay even less than the already ridiculous rate of 15%. This benefits him and his ilk, not so much anybody that isn't a millionaire. He has a right to that opinion, just as Buffet has a right to his own.


    Quote Originally Posted by PirateMk1 View Post
    Ok. I suppose. I dont find how they do their taxes to be a concern quite the opposite. I just dont like hypocrites that go after my money while I am trying to accumulate more, and they have already made theirs. Romney doesnt do this, Buffett does. Buffet says tax the rich more. Well if he wants to pay more he can write a check. Leave me alone. Thats the way I think about the matter so I dont know what else to tell you.

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    Re: Buffett Gives Kids Foundations $3 billion

    The bank accounts or the Bond films?
    Quote Originally Posted by PirateMk1 View Post
    I think we should bring them back here, and import a few of the swiss banking rules.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by specklebang View Post
    Buffet stated an opinion, he didn't pass a law.

    You don't have to agree with an opinion (thank goodness) but a concept of liberty is the right to express an opinion.

    I'll have to assume that you are a very high income person, otherwise this "opinion" won't affect you.

    Now, here comes MY opinion. I think that capital gains should be taxed at ordinary income rates UNLESS the investment is active and American. Most people don't get much capital gains income. You have to be fairly rich to take advantage of that. If your investments create nothing, you shouldn't get preferential treatment.

    It more seems Romney opinion is that capital gains should pay even less than the already ridiculous rate of 15%. This benefits him and his ilk, not so much anybody that isn't a millionaire. He has a right to that opinion, just as Buffet has a right to his own.
    Yep he stated an opinion. Unfortunately a lot of people listen to him. That makes him my enemy. Make no mistake I have no love for that man.

    Actually if you have retirement income or a retirment account the does in fact affect you. You dont have to be a millionaire. If you sell your house and have a signifcant gain, you have any sort of investment. Believe me it affects more people than you would think. Same with that bastard of a law the alternative minimum tax. You should see the IRS data on the tax sometime if you have a seroius case of insomenia and need a quick cure. You learn something and fall asleep at the same time.

    Capitiol gains and income taxes should all be the same, less than 10%. My opinion of course. People need to be able to accumulate wealth, its a lot easier to do when the government aint taking a third or better.

    I am a small business man and believe me a lot of people think I am rich, what they dont realize is I dont get to keep all of what I make, most of goes to run the business. I am trying to get wealthy, and that keeps getting more difficult every year from the hoops I have to jump though and the taxes I have to pay.
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    Stolen fair and square from the Capt. Courtesey himself.

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    Re: Buffett Gives Kids Foundations $3 billion

    The guy is the 2nd or 3rd richest person in the world, the most successful investor in the last 100 years, he's 81 and has been diagnosed with prostate cancer. He has made his money in investments (boo!!! He makes money doing NOTHING!!!!) but has given billions away to charity (yayyy!!!! What a hero!!!!). Even in his withering old age, he has kept $44 Billion or so for himself still (boo!!! What a greedy bastard!), but he has pledged to give away as much as 99% away (yyayyy!!!).

    Who gives a **** what this dying old rich man does with the money he made from his countless investments? We can call him greedy or we can call him selfless. But WhoTF cares?

    Great, billions to charity, sounds good. Way to go. He is the essence of everything liberals hate. Made billions and billions and billions in FINANCE (of all industries). That's as EEEVIL as it gets. But he also goes on the record saying "raise taxes" and "here, have some money I won't ever be able to spend," which is not at all evil.

    Time to stop spending so much goddamn time and energy focusing on how rich the rich are and what the rich are doing and what their tax rates are and all this other bull****.

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    Re: Buffett Gives Kids Foundations $3 billion

    Are you claiming that your small business is paying more taxes? I'm a small business and my taxes haven't changed except for a reduction in the FICA rate.

    Selling your own home is NOT a taxable event. This was changed over a decade ago.

    Your statement that most of what you make goes to running your business isn't very logical. You have income and business expenses. Your NET income is the only thing that matters. You could have sales of 10 million dollars but spend 9 million in expenses in which case you made net a million and that and that alone is your taxable base. I'm sure you know this but your posting seems to state otherwise.

    Your "hated" of Buffet appears to be an entirely partisan issue and nothing else. He supports Obama, you hate Obama, therefore you hate Buffet. So it seems that if Buffet does a charitable act, he is wrong to do so but if Romney does the same, it is good. Respectfully, that isn't logic in any form.

    I have retirement income and a retirement account. So, how have I been affected? You made the statement so please explain.

    I understand you feel taxes should be a flat rate of 10%. So, someone making 30,000 a year would pay 3,000 and someone making 30 million a year would pay 3 million. I'm sure you're aware of how unrealistic this is. You have a better chance of finding a Unicorn.

    The AMT law was proposed and created in 1969 under the Nixon administration. Its original purpose sort of made sense but like a lot of other laws, it is completely out of control. I don't know why no administration has addressed this but trying to pin it on Obusha or Buffet isn't very realistic.



    Quote Originally Posted by PirateMk1 View Post
    Yep he stated an opinion. Unfortunately a lot of people listen to him. That makes him my enemy. Make no mistake I have no love for that man.

    Actually if you have retirement income or a retirment account the does in fact affect you. You dont have to be a millionaire. If you sell your house and have a signifcant gain, you have any sort of investment. Believe me it affects more people than you would think. Same with that bastard of a law the alternative minimum tax. You should see the IRS data on the tax sometime if you have a seroius case of insomenia and need a quick cure. You learn something and fall asleep at the same time.

    Capitiol gains and income taxes should all be the same, less than 10%. My opinion of course. People need to be able to accumulate wealth, its a lot easier to do when the government aint taking a third or better.

    I am a small business man and believe me a lot of people think I am rich, what they dont realize is I dont get to keep all of what I make, most of goes to run the business. I am trying to get wealthy, and that keeps getting more difficult every year from the hoops I have to jump though and the taxes I have to pay.

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