View Poll Results: Your opinion of the Buffet Rule

Voters
50. You may not vote on this poll
  • It will hurt job creators

    15 30.00%
  • It will raise revenue and help the economy

    27 54.00%
  • It will promote laziness

    7 14.00%
  • It is the definition of socialism

    8 16.00%
  • It will help close the gap between the middle class and rich

    20 40.00%
  • It punishes the upper tier of social darwinism

    6 12.00%
Multiple Choice Poll.
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Thread: What are your feelings on the Buffet Rule?

  1. #231
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by TurtleDude View Post
    and most millionaires pay fa higher tax rates than the middle class and almost all of them pay more actual tax dollars which is what really matters.

    we already have proven the buffett bovine excrement is based on lies, dishonest comparisons and pretending to use effective rates when its marginal rates.

    give it up

    You haven't proven ****!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  2. #232
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by Catawba View Post
    You haven't proven ****!
    We have proven you are whining about the rich

    we have proven that no middle class person pays a 30% effective federal income tax rate so Obamaturd claiming that millionaires ought to pay that rate so they pay more than the middle class is specious. The middle class-no matter how you define it, aren't paying an effective rate of even 15% except perhaps some very rare cases. Romney pays an effective rate higher than 97% of Americans and I think its fair to say those other 3% aren't Middle class

    we also know that you dishonestly try to lump state federal and local taxes together to claim that your effective tax rate is higher than Romney's Federal income tax rate even though I doubt you have an effective tax rate in terms of the progressive FIT of over 10%

  3. #233
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    Re: What are your feelings on the Buffet Rule?

    Why the Buffett Rule Is Needed

    " The average tax rate paid by the very highest-income Americans has fallen to nearly the
    lowest rate in over 50 years. The wealthiest 1-in-1,000 taxpayers pay barely a quarter of their
    income in Federal income and payroll taxes today—half of what they would have contributed
    in 1960. And, the top 400 richest Americans—all making over $110 million—paid only 18
    percent of their income in income taxes in 2008.

     Average tax rates for the highest income Americans have plummeted even as their incomes
    have skyrocketed. Since 1979 the average after-tax income of the very wealthiest Americans –
    the top 1 percent – has risen nearly four-fold. Over the same period, the middle sixty percent
    of Americans saw their incomes rise just 40 percent. The typical CEO who used to earn about
    30 times more than his or her worker now earns 110 times more.

     Some of the richest Americans pay extraordinarily low tax rates—as they hire lawyers and
    accountants to take particular advantage of loopholes and tax expenditures. The average tax
    rate masks the fact that some high-income Americans pay near their statutory tax rate, while
    others take advantage of tax expenditures and loopholes to pay extraordinarily low rates—and
    it is these high-income taxpayers that the Buffett rule is meant to address .

     Of millionaires in 2009, a full 22,000 households making more than $1 million annually
    paid less than 15 percent of their income in income taxes — and 1,470 managed to
    paid no federal income taxes on their million-plus-dollar incomes, according to IRS data.

     Of the 400 highest income Americans, one out of every three in this group of the most
    financially fortunate Americans paid less than 15 percent of their income in income
    taxes in 2008.

     Many high-income Americans are paying less in taxes than middle class Americans in taxes.
    Nearly one-quarter of all millionaires (about 55,000 taxpayers) face a tax rate that is lower than
    more than millions of middle-income taxpayers. This is fundamentally unfair."

    https://docs.google.com/viewer?a=v&q...Igvgngug2m8J7A
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #234
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by iguanaman View Post

    I know these numbers seem small to guys like you. You probably make $10,000 bets all the time too.

    I'll be glad to see these cuts go to, That trilion is probably low because of the Bush Recession, I bet we can count on $1.5 Trillion more revenue in the next 10 years from ending these cuts alone.
    Add to that Trillion another Half a Trillion from the Buffett Rule
    http://www.debatepolitics.com/econom...ore-w-7-a.html
    which raises much more than most everyone thinks
    (though there is some overlap with expiring cuts)
    and you're talking Real Deficit reduction from just the top 5%.
    Add in the other 95% of the population and talking perhaps $2-$2.5 Trillion from expired cuts and new rev.
    Last edited by mbig; 04-19-12 at 01:20 PM.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

  5. #235
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    Re: What are your feelings on the Buffet Rule?

    Why do average folks swallow the premise that not only does it smell good but it tastes good too will get them advanced in life?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  6. #236
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by Catawba View Post
    You haven't proven ****!
    \


    Aww let him have his illusion that rich are poor downtrodden abused americans...it makes him feel good lol

  7. #237
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by Catawba View Post
    Why the Buffett Rule Is Needed

    " The average tax rate paid by the very highest-income Americans has fallen to nearly the
    lowest rate in over 50 years. The wealthiest 1-in-1,000 taxpayers pay barely a quarter of their
    income in Federal income and payroll taxes today—half of what they would have contributed
    in 1960. And, the top 400 richest Americans—all making over $110 million—paid only 18
    percent of their income in income taxes in 2008.

     Average tax rates for the highest income Americans have plummeted even as their incomes
    have skyrocketed. Since 1979 the average after-tax income of the very wealthiest Americans –
    the top 1 percent – has risen nearly four-fold. Over the same period, the middle sixty percent
    of Americans saw their incomes rise just 40 percent. The typical CEO who used to earn about
    30 times more than his or her worker now earns 110 times more.

     Some of the richest Americans pay extraordinarily low tax rates—as they hire lawyers and
    accountants to take particular advantage of loopholes and tax expenditures. The average tax
    rate masks the fact that some high-income Americans pay near their statutory tax rate, while
    others take advantage of tax expenditures and loopholes to pay extraordinarily low rates—and
    it is these high-income taxpayers that the Buffett rule is meant to address .

     Of millionaires in 2009, a full 22,000 households making more than $1 million annually
    paid less than 15 percent of their income in income taxes — and 1,470 managed to
    paid no federal income taxes on their million-plus-dollar incomes, according to IRS data.

     Of the 400 highest income Americans, one out of every three in this group of the most
    financially fortunate Americans paid less than 15 percent of their income in income
    taxes in 2008.

     Many high-income Americans are paying less in taxes than middle class Americans in taxes.
    Nearly one-quarter of all millionaires (about 55,000 taxpayers) face a tax rate that is lower than
    more than millions of middle-income taxpayers. This is fundamentally unfair."

    https://docs.google.com/viewer?a=v&q...Igvgngug2m8J7A
    That tells us how much they ARE paying, but it tells us nothing about how much they SHOULD pay.
    If you expect people to be rational, you aren't being rational.

  8. #238
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by TurtleDude View Post
    We have proven you are whining about the rich
    You have not even proven that. A person offering a different opinion on tax policy is not WHINING. That is a cheap pejorative designed to demean the person holding different views from you.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  9. #239
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    Quote Originally Posted by haymarket View Post
    Why do average folks swallow the premise that not only does it smell good but it tastes good too will get them advanced in life?

    Because they are average.
    Let evil swiftly befall those who have wrongly condemned us

  10. #240
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    Re: What are your feelings on the Buffet Rule?

    Quote Originally Posted by ReverendHellh0und View Post
    Because they are average.
    That makes no sense. A person of average intelligence should be able to identify where their own interests lie and who shares those interests.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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