I love the smell of burning moonbat in the morning.
Warren is good at being careful with what he says. So he says that with his ideas those making $50 million a year playing baseball would not pay any more in taxes. Is this Obama's plan? No.
Now people like him would see higher taxes under his ideas. He doesn't make much more than $50 million. What is the difference? Capital Gains vs regular income.
Warren Buffett Does Not Endorse "Buffett Rule" | RealClearPolitics
Edit: and you get major credit for actually discussing what Buffett is talking about instead of being afraid to like most of those in this thread.
CNBC: "Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? "
Buffett: "Well, the precise program which will -- I don't know what their program will be.
It would be hard to say that he supported something that he states he doesn't even know what's in it.
It's easy to do when you agree with him.Edit: and you get major credit for actually discussing what Buffett is talking about instead of being afraid to like most of those in this thread.
I made the arguement that capital gains should be taxed the same as regular income before Buffett did (publicly at least).
Buffett is playing by the rules as they are now established, while advocating they be changed in the interest of fairness
this is not unlike a(n American League) baseball manager who opposes the designated hitter batting for the pitcher but who still uses a designated hitter. if he batted his pitcher it would disadvantage his team. but to be sure, if the rule were changed, he would delight in putting his pitcher in the batting order instead
Judge Learned Hand has a classic quote about paying one's taxes. a quote which is germane to this discussion:this is true from someone loaded, like Buffett, and someone who is not, such as meAny one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes.
i personally would want the mortgage deduction eliminated from the tax rules. doesn't mean i would refuse to take that deduction while the rule still allows it. my playing by the rules does not make me a hypocrite. and neither is Buffett. he is a wise citizen who is offering sage tax policy advice to his nation
Last edited by 1Perry; 10-13-11 at 03:48 PM.