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

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Thread: Should the Buffett Rule" be made law?

  1. #11
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    Re: Should the Buffett Rule" be made law?

    Why anyone would object to doing away with AMT and instead making sure that the wealthiest pay an effective tax rate comparable to the middle class is beyond me. There's a lot of stupid non-wealthy people, I guess !
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by cpwill View Post
    If Buffet wants to pay more, nobody is stopping him from sending in a check.
    Yea but, Buffet wants everyone to pay more. And he's trying to make his point. And billionaires usually get what they want (with enough determination).

    Also, I think we should have lowered the top tax rate with legislation like this. I think the top bracket % is too high; I like the flat tax idea.

    Can't decide what I think about this; all I know is that I make almost all of my taxable income from salary (as does my fiancee) because I am rather young and do not own a home yet, ect, and when they ask me to pay 30%, I pay most all of 30%.

    Is it a big deal if people making $1MM have to pay the 30-35% too?

    They can probably afford it more than I can....

    Anyways.

  3. #13
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    Re: Should the Buffett Rule" be made law?

    The talk is always about tax increases and never about spending cuts.
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by American View Post
    The talk is always about tax increases and never about spending cuts.
    That's bull****. There has been not just talk of spending cuts but actual spending cuts. In fact, Congress has made that supercommittee in order to find places to cut more spending.
    Also, we need to legalize recreational drugs and prostitution.

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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by samsmart View Post
    That's bull****. There has been not just talk of spending cuts but actual spending cuts. In fact, Congress has made that supercommittee in order to find places to cut more spending.
    that's bull**** in turn. there hasn't been a single major spending cut. there have been spending-increase reductions. that's like deciding you eat McDonalds everyday, ergo you need to go on a diet. so, you decide you're going to continue to eat McDonalds every day, but now every other day you're going to add an extra big-mac... not every day, though, so you're still on a diet.

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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by jackalope View Post
    Why anyone would object to doing away with AMT and instead making sure that the wealthiest pay an effective tax rate comparable to the middle class is beyond me. There's a lot of stupid non-wealthy people, I guess !
    not-understanding-double-taxation-fail.

  7. #17
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    Re: Should the Buffett Rule" be made law?

    Quote Originally Posted by David D. View Post
    Yea but, Buffet wants everyone to pay more.
    bingo. but he (like President Obama) is still going to do his best to minimize his own tax bill. It's never actually "I want to pay more", it's always "I want to f*** others". When Buffet actually gets' around to paying his back-taxes owed over the last decade or so (woops!), maybe he'll have a bit more moral authority in this area. Not much, but a bit.

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    Re: Should the Buffett Rule" be made law?

    No, I'm against this. I understand the detriment of some of the effective tax rates being what they are today, but you can't close many of these loopholes because they lead to positive externalities. There are still many businesses who are incentivized to keep jobs in America.

    If you closed all corporate loopholes, charitable donations would not exist, scholarships and loan reimbursement would not exist, and many jobs still in America would go to the nearest third world hellhole. It would strictly be cost minimalization to maximize profit.

    Close many loopholes and increase effective tax rate modestly? Yes. Shut it altogether? Absolutely not.

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    Re: Should the Buffett Rule" be made law?

    Wow, they pay the SAME... What a concept!!

    Maybe now people will set aside the Fox lies and spin and realize how pooched they get every year compared to millionaires and billionaires.

    We've got a couple hacks on DP that would like us to believe the rich pay their share... NO ONE who truly understand the tax code would say that.

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    Quote Originally Posted by cpwill View Post
    bingo. but he (like President Obama) is still going to do his best to minimize his own tax bill. It's never actually "I want to pay more", it's always "I want to f*** others". When Buffet actually gets' around to paying his back-taxes owed over the last decade or so (woops!), maybe he'll have a bit more moral authority in this area. Not much, but a bit.
    Sure. But on the flipside, it's not like Buffet will be exempt from these tax changes when they are passed, so it's not totally I want to f*** others. In fact, he might end up paying more than just about anyone else moving forward.

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