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

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Thread: Should the Buffett Rule" be made law?

  1. #131
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by haymarket View Post
    You did not answer the question that was raised by your own comments.

    Again, as an American who lives in America, why do you care one iota about GE and what they may pay in "other jurisdictions"?

    Is your loyalty to America?
    I care far more about all those voters who don't pay any income tax yet use so much of our resources



  2. #132
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by haymarket View Post
    You did not answer the question that was raised by your own comments.

    Again, as an American who lives in America, why do you care one iota about GE and what they may pay in "other jurisdictions"?

    Is your loyalty to America?
    You know that GE has businesses in many nations, so it has employees and citizens elsewhere as well as here. Do those workers deserve some loyalty from the employees and companies that live and work there. I always find it interesting that even in the 21st century folks want to think only as US citizens and not world citizens.

    If profits are made in the US, then companies should pay taxes as the law requires. Not sure what the logic is for a company paying taxes earned elsewhere just because they ahppen to have their headquarters here in the states. We do not want those companies to move because of a crazy tax law. GE's headquarters are close by here in CT. That headquarters not only provides many high paying jobs, it helps the housing market, local vendors like restaurants etc. In addition, GE is a good corporate citizen when it comes to donating to local charities, etc.

    We need to be careful not to drive out even more business overseas. My sense is this type of discussion is hurtful to the nation. We need to find ways to compete and drive MORE companies here. Turn Detroit into a huge enterprise zone and see what happens to unemployment in that town instead of demonizing industry.

  3. #133
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by TurtleDude View Post
    I care far more about all those voters who don't pay any income tax yet use so much of our resources
    You still have not answered the question brought up by your own comments about GE paying to other jurisdictions.

    Originally Posted by TurtleDude
    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.
    As an American citizen who lives in America, why do you care one iota about what GE pays to other jurisdictions?

    Are your loyalties not to America?
    Last edited by haymarket; 09-20-11 at 12:24 AM.
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  4. #134
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by pbrauer View Post
    Bush cut taxes and started two wars, don't you think the rich should pay more since they benefited from them?
    revenue from the rich went up after those cuts, and our income tax remains the most progressive in the industrialized world. they are currently paying more than their fair share.

    but really, frankly, i generally care less about "getting others" than i do about actually growing the economy. you aren't going to reduce the deficit (because you won't increase revenue) by violating the 10th Commandment, but you can by spending less than you take in.

  5. #135
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Luna Tick View Post
    From customers. Ultimately in any business everyone's pay comes from customers. Some are rich, some middle class, and some are poor, but ultimately most customers are middle class.
    wrong. they got it from production. so did the "customers". specifically they got it from past, excess production.

  6. #136
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by Tigger View Post
    I'm going to ask you a question..... Is there anything ILLEGAL about what these hedge fund managers and the like are doing to "hide" their income from taxation? Is it really any different than when some middle class wage earner gives $500 to their favorite charity right at the end of the year, or sticks it in an IRA or other non-taxable investment to "hide" it from the Tax Man; or is it just a difference in the numbers on the check? So far as I'm aware, what these people are doing is perfectly LEGAL, just as the different things that I do to try and "hide" some portion of my $65K a year from the Feds is.

    If you want to close the loopholes that allow these people to "hide" that money, that's one thing. You MIGHT even get me to agree to some of those closures. What you will not EVER get me to agree to is raising taxes on a group that already pays a much higher percentage of the overall revenue of the Government than any other group in the country; and do so in a disproportionate ratio to their percentage of the population.

    Again, if we would be willing to REDUCE THE ILLEGAL, IMMORAL, and UNCONSTITUTIONAL spending, and we still need more revenue, I'll stand right there with you and demand that MY OWN TAXES be RAISED. However, while we are spending on these items which were never intended to be part of the Federal Budget, I will not agre to a single penny of additional revenue for the Federal Government.



    That's fine. I didn't expect that you would agree with me on that, considering your prior comments.

    Who said anything about hiding money. No, it's not illegal, that's the point of the new proposed law. To fix the inequity where hedge fund managers and the like are paying a lower rate than middle class earners. Why are you against having the very highest income earners pay at least the same rate as middle income earners?
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  7. #137
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by 1Perry View Post
    I've mentioned this in a few places now and well, why not here also. The Buffett rule won't likely even affect Buffett as his salary is reported at $100,000 a year.

    Yes, it would affect him, and the tax is on income.
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  8. #138
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    Re: Should the Buffett Rule" be made law?

    Funny stuff....the teaparty republicans want this: Reduce the deficit by...Cutting Social Security, Medicare, Medicaid, Making public employees pay more for thier pensions and benefits, Taking pensions and benefits from private sector employees, cutting military retiree benefits along with tax cuts for the richest americans and corporations and ending capital gains tax and the inheritance tax

    Obama and the democrats, want spending cuts and some tax increases, since the rich and corps which recieve a big tax cut from Bush, so the democrat plan balances spending cuts and some tax increases on the wealthy and corps who pay less now than they ever have...

    You decide which plan is fairer and which plan is rife with class warfare and which plan benefits who the most

  9. #139
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    Yes, it would affect him, and the tax is on income.
    no, actually, generally it wouldn't. not only would his "income" be below the 250K mark, but he keeps most of his private wealth in a non-taxed trust, and pays no tax on the dividends that accrue to the stocks he owns in Berkshire-Hathaway.

    Buffet has gone to quite a lot of trouble to ensure that no tax hike will ever actually hit him.

  10. #140
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    Who said anything about hiding money. No, it's not illegal, that's the point of the new proposed law. To fix the inequity where hedge fund managers and the like are paying a lower rate than middle class earners. Why are you against having the very highest income earners pay at least the same rate as middle income earners?
    I am against ANY American paying a single penny more than their fair share to the Federal Government. That means, until we remove the illegal, immoral, and unConstitutional spending from the budget, and get the bottom HALF of our citizenry actually paying INTO the system rather than being exempted from it, I don't want to see the taxes of ANYONE who IS paying into the system raised.

    I look at it this way.... We have five people renting an apartment together. Currently two of them are not contributing anything to the monthly rent and bills. One is contributing a small portion, one a medium portion and the last is picking up the majority of the tab for the rent, utilities, and groceries. Now, these individuals are running a deficit because the rent keeps going up, they're using more hot water, electricity, etc...., and the three who are at the bottom end are eating them all out of house and home. Instead of looking at controlling the bills, or pitching in themselves, the lower end trio is again screaming for the top guy to throw more into the pot "because he can afford to." BULLSPIT!!! Maybe if the lower end trio got off their lazy butts and started contributing, or actually doing something useful like cooking and cleaning rather than ordering takeout every night and demanding a maid service come in to clean the apartment for them, there wouldn't be a need to DEMAND that the rich guy pitch in more.

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