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Thread: Buffett Gives Kids Foundations $3 billion

  1. #181
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by specklebang View Post
    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.
    My hatred of Buffett is due entirely to Buffett and I have seriously disliked the man since before Obama was ever elected or even thought about running. I have inside knowledefge of him and that information is what makes me dislike him. His thing with Obama is just icing on the cake so to speak. I consider the man to be vermon.

    I am not pinning the amt on anybody. Well maybee congress.

    I mispoke about retirement acounts for the most part those are bit more complicated and depend on what type it is and how its structured. Houses are only exempt to 250,000 single and 500,000 married and you have to live in it two out of five years. ETFs and muatual funds, ect still stand. The capitol gains rate will depend on the lenght of time the asset was held and your tax bracket.

    Most people dont take expeneses into consideration when they see the grosse receipts. They just see you made a bunch of money.

    In my particular case it not been the taxes though they have went up, its been the regulatory crap has been expanding very rapidly. CARB in particular, though they aint alone.

    Still looking for the Unicorn, I will probably find one when I am dead.
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    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
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  2. #182
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    Talking Re: Buffett Gives Kids Foundations $3 billion

    PirateMk1;1060875669]My hatred of Buffett is due entirely to Buffett and I have seriously disliked the man since before Obama was ever elected or even thought about running. I have inside knowledefge of him and that information is what makes me dislike him. His thing with Obama is just icing on the cake so to speak. I consider the man to be vermon.
    OK, I sure don't know him. I'm just responding to his charitable contribution. If you have personal issues with him, that's fair enough.

    I am not pinning the amt on anybody. Well maybee congress.
    OK.

    I mispoke about retirement acounts for the most part those are bit more complicated and depend on what type it is and how its structured. Houses are only exempt to 250,000 single and 500,000 married and you have to live in it two out of five years. ETFs and muatual funds, ect still stand. The capitol gains rate will depend on the lenght of time the asset was held and your tax bracket.
    Agreed.

    Most people dont take expeneses into consideration when they see the grosse receipts. They just see you made a bunch of money.
    Those are people who have never been in business.

    In my particular case it not been the taxes though they have went up, its been the regulatory crap has been expanding very rapidly. CARB in particular, though they aint alone.
    Ah, regulation. You must be in a business that has EPA issues. My sympathy, I';ve never really had a "regulated" business but I'm sure the laws can make you nuts.

    Still looking for the Unicorn, I will probably find one when I am dead.
    If I run into any Unicorns, I'll pass them your screen name :

  3. #183
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by specklebang View Post
    PirateMk1;1060875669]My hatred of Buffett is due entirely to Buffett and I have seriously disliked the man since before Obama was ever elected or even thought about running. I have inside knowledefge of him and that information is what makes me dislike him. His thing with Obama is just icing on the cake so to speak. I consider the man to be vermon.
    OK, I sure don't know him. I'm just responding to his charitable contribution. If you have personal issues with him, that's fair enough.

    I am not pinning the amt on anybody. Well maybee congress.
    OK.

    I mispoke about retirement acounts for the most part those are bit more complicated and depend on what type it is and how its structured. Houses are only exempt to 250,000 single and 500,000 married and you have to live in it two out of five years. ETFs and muatual funds, ect still stand. The capitol gains rate will depend on the lenght of time the asset was held and your tax bracket.
    Agreed.

    Most people dont take expeneses into consideration when they see the grosse receipts. They just see you made a bunch of money.
    Those are people who have never been in business.

    In my particular case it not been the taxes though they have went up, its been the regulatory crap has been expanding very rapidly. CARB in particular, though they aint alone.
    Ah, regulation. You must be in a business that has EPA issues. My sympathy, I';ve never really had a "regulated" business but I'm sure the laws can make you nuts.

    Still looking for the Unicorn, I will probably find one when I am dead.
    If I run into any Unicorns, I'll pass them your screen name :
    Cool I always wanted to see a live, not fake, genuine unicorn.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

  4. #184
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    Re: Buffett Gives Kids Foundations $3 billion

    Might take a while for me to find one but no longer than establishing a 10% flat tax.


    Quote Originally Posted by PirateMk1 View Post
    Cool I always wanted to see a live, not fake, genuine unicorn.

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