View Poll Results: Should the Buffett Rule" be made law?

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Thread: Should the Buffett Rule" be made law?

  1. #91
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    why are you against millionaires paying the same rates as middle income earners?
    why are you so dishonest? millionaires pay HIGHER RATES ON THE SAME TYPE OF INCOME THAN THE MIDDLE CLASS

    if you are unable to understand that you really shouldn't be making such idiotic claims



  2. #92
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Temporal View Post
    Well, like I have always said, the problem is not the stated tax rate, but the effective tax rate. Simply increasing the tax rate for the rich is not going to address the myriad loopholes that they use to pay little to no taxes at all. It might make some people feel better but it's not really doing anything.

    If the Buffett rule closes the loopholes then I'm all for it. There is no reason why 1% of the population should hold the majority of the nation's wealth. We're supposed to live in a democracy where elected representatives control the country, not the super rich. Allowing people to hold that much money is only detrimental to the stated foundations of America's formation.

    They should be paying their fair share, and that's that.
    As I understand what was proposed it will not close loopholes.

  3. #93
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by TurtleDude View Post
    why are you so dishonest? millionaires pay HIGHER RATES ON THE SAME TYPE OF INCOME THAN THE MIDDLE CLASS

    if you are unable to understand that you really shouldn't be making such idiotic claims
    Like GE? They paid 0 percent in taxes, plus got corporate welfare. Wait a minute, I thought you didn't like welfare. Oh, that's right, only the poor on welfare are freeloaders.

  4. #94
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by TurtleDude View Post
    You are confused. that is like claiming I support you paying a higher percentage of your income for the same cheeseburger I buy

    I get the same benefits from SS as you do. WTF should I pay more? Again, you labor under the assumption that FROM EACH ACCORDING TO THEIR ABILITY IS THE ONLY valid basis for tax rates.

    I reject that and you seem to believe all taxes should be progressive because that benefits your political masters
    There is nothing confusing here aside from your cheeseburger reference which is a mystery.

    Social Security is a societal program which benefits society. It is NOT an IRA and should not be confused with one by equating benefits. To do that is a fallacy as well as intellectually dishonest since it attempts to ignore the societal aspect of Social Security. Please note the name of the program. It is not Your Individual Retirement Benefit.

    In point of fact you get the benefit of living in a society where older people have a decent standard of living and you benefit in that situation as it benefits the entire nation.
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  5. #95
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by TurtleDude View Post
    why are you so dishonest? millionaires pay HIGHER RATES ON THE SAME TYPE OF INCOME THAN THE MIDDLE CLASS

    if you are unable to understand that you really shouldn't be making such idiotic claims

    It appears you are wildly uninformed as to what the new proposal is, TD
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  6. #96
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Harry Guerrilla View Post
    To believe the entirety of that, I would have to ignore the productivity rates of American factories and how they have climbed steadily over the years, even into today.
    I'd also have to ignore that we were pretty much the only nation left standing with an intact national infrastructure and economy, after WW2 and that is largely why we retained the economic power over the globe.

    Fast forward to now, where there are multiple nations competing with from all over the globe.
    Wanting for yesterday won't change the facts that the rest of the world has grown to meet us on the economic competitors table.

    Those obscene tax rates would definitely cause significant capital flight, because there are a multitude of nations willing to house that money at much, much lower rates.
    The whole "outsourcing out jobs overseas" rhetoric is overblown. On a relative basis, the U.S. imports far less than any other developed nation on the planet. At this point in time, 14% or so of GDP is imported! Even the Chinese import more (in terms of GDP) than we do!!!!

    In areas like Luxemburg, they imports > aggregate output.

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  7. #97
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by washunut View Post
    As I understand what was proposed it will not close loopholes.
    It replaces the AMT, which hits many upper middle class earners, with a new millionaires minimum tax, which ensures the wealthiest are paying the same rates as middle class earners. It new buffet rule tax will affect an estimated 0.3% of earners.


    Anyone blasting that as BAD FOR AMERICA is a moron, plain and simple.
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  8. #98
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    Anyone blasting that as BAD FOR AMERICA is a moron, plain and simple.
    "Good or Bad for America" is really irrelevant in terms of Taxes until we get a handle on SPENDING.

    IF, after we have reduced spending to its Constitutionally mandated limitations we still need Tax Increases to cover our expenses, then I'd be all for it. However, the political types will never even consider that type of reduction in spending because we'd see just how much excess income the US Government would have at the current tax rates.

  9. #99
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Luna Tick View Post
    Like GE? They paid 0 percent in taxes, plus got corporate welfare. Wait a minute, I thought you didn't like welfare. Oh, that's right, only the poor on welfare are freeloaders.
    we are talking about individuals. and did GE not pay payroll taxes? what about taxes in other jurisdictions? I don't believe in corporate taxes either.



  10. #100
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    It replaces the AMT, which hits many upper middle class earners, with a new millionaires minimum tax, which ensures the wealthiest are paying the same rates as middle class earners. It new buffet rule tax will affect an estimated 0.3% of earners.


    Anyone blasting that as BAD FOR AMERICA is a moron, plain and simple.
    why don't you explain how this works. So what the moron in chief wants to do is to change capital gains and dividend taxes so that the "rich" pay as much as the very top of the middle class. what about the rest of us "rich" who pay more than either. Are we gonna get a reduction

    there are reasons way beyond obumble's ability to comprehend why tax rates on LTCG (inflation for example) and dividends (double taxation) are lower than on earned income

    he is pandering based on politics and his proposals are not based on rational economic facts



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