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White House Tax Plan Would Ask More of Millionaires

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Sorry, but I sure can, SS contributions directly come back to those that contributed, FIT never does

this is 100% incorrect.

not only do the same funds you yourself pay into SS not come right back to you when you become eligible for SS, but you earn MUCH MORE in SS than you yourself put in. Its just like healthcare insurance, as you very often get back much more than you put in.
 
then people like you would starve to death
I'd be happy to oblige them. I pay taxes for what is legitimate-that includes police and executioners. But PB robbing me would be fun. and a messy clean up for my maid
Please, I go to the local kitchen and when I'm at our house on the Oregon coast, I go the soup kitchen there as well. No problem.
 
Yeah, I voted for Bush vs. Gore and I voted for Bush vs. Kerry. Would do it again, and again, and again. Seems that the results actually are different than what you believe. Bush was doing quite well until Democrats took control of the Congress. I welcome you putting the Obama and Bush results side by side for total comparison. Let me start, Bush had a net job gain, Obama a net job loss, Bush had a declining misery index, Obama has a rising misery index, Bush had a net labor force increase and Obama has more and more dropping out of the labor force, and all this in the Bush first term compared to the Obama first term. In addition Bush didn't add 4 trillion to the debt in his first term. Carry on distorting results.
As Ronald Reagan would say: "There you go again."
 
Um, Libya and Iran are hardly equivalent. Did you notice we have reestablished our embassy in Libya?

Right, one we actually attacked and the other you assume we would.
 
I would imagine that Buffett had his FICA paid up around noonish on January 1st.

actually Buffet never maxes up his FICA :)

Buffet doesn't pay taxes because Buffet chooses not to pay taxes. :lol: he is scamming you people. ;)
 
actually Buffet never maxes up his FICA :)

Buffet doesn't pay taxes because Buffet chooses not to pay taxes. :lol: he is scamming you people. ;)

Actually, he paid almost 7 million in taxes last year. You facts are once again deficient.

http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1

Seriously, if you guys are going to comment on what he says, you should take the time to actually read what he says.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744.
 
Actually, he paid almost 7 million in taxes last year.

:lamo

Buffet puts the majority of his wealth into a trust so it can't be touched, pays himself a lower income salary so he's in a lower bracket, and Berkshire Hathaway owes back taxes all the way back to 2002.

again, Buffet pays pretty much what he decides he wants to pay. then he get's government to back his bets and people are stupid enough to buy his pap. :D
 
You just said that SS contributions have been spent on other things. How are they then directly coming back to those that contributed?

Typical diversion from you and total lack of understanding of what LBJ did with SS contributions. Where are your SS contributions?
 
:lamo

Buffet puts the majority of his wealth into a trust so it can't be touched, pays himself a lower income salary so he's in a lower bracket, and Berkshire Hathaway owes back taxes all the way back to 2002.

again, Buffet pays pretty much what he decides he wants to pay. then he get's government to back his bets and people are stupid enough to buy his pap. :D

So when caught out lying, you move the goalpost. Noted.
 
Typical diversion from you and total lack of understanding of what LBJ did with SS contributions. Where are your SS contributions?

Pointing out that you where factually wrong in the content of your post is not diverting. In fact he directly addressed what you said, which is the opposite of diverting.
 
Actually, he paid almost 7 million in taxes last year. You facts are once again deficient.

http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1

Seriously, if you guys are going to comment on what he says, you should take the time to actually read what he says.

And I thought his corporate tax issue and private tax issues were two seperate things. I guess not eh?

So now corporate taxes are the same as personal taxes? Hint: they are not.
 
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And I thought his corporate tax issue and private tax issues were two seperate things. I guess not eh?

To the best of my knowledge, he was talking about his taxes not his corporations.
 
To the best of my knowledge, he was talking about his taxes not his corporations.

B.S., this is exactly the part you quoted.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744.
 
B.S., this is exactly the part you quoted.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744.

That nails it as well, no individual pays 6.9MM in payroll taxes for an individual so what are we to believe from Buffett, that he thinks the individual should pay more taxes but is fighting to keep from paying corporate taxes? Hmmm, nice spin Obama supporters
 
B.S., this is exactly the part you quoted.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744.

Payroll taxes = taxes deducted from your pay, or the taxes paid by the company on your behalf(ie part of FICA usually).
 
That nails it as well, no individual pays 6.9MM in payroll taxes for an individual so what are we to believe from Buffett, that he thinks the individual should pay more taxes but is fighting to keep from paying corporate taxes? Hmmm, nice spin Obama supporters

Good thing he did not say that. I mean, he only specifically stated what the taxes where, and it's in the post you quoted, and you still lied about it.
 
Payroll taxes = taxes deducted from your pay, or the taxes paid by the company on your behalf(ie part of FICA usually).

He didn't pay $7,000,000 in taxes on a income of less than $200,000. You do, when it's your portion of your employee's tax.
 
He didn't pay $7,000,000 in taxes on a income of less than $200,000. You do, when it's your portion of your employee's tax.

Capital gains. That was kinda his point you know.
 
Capital gains. That was kinda his point you know.

Yes it was......That in no way defeats the arguement that he does everything he can to avoid paying taxes and then complains he isn't forced to pay enough.
 
and then some. he does everything he can to minimize his own tax exposure; then he invests in financial insurance products whose worth will increase if tax rates go up, then he initiates a public campaign to raise tax rates.

it's sort of like when he invests in Goldman Sachs, and then starts talking about how the government needs to bail out Goldman Sachs. Buffet isn't stupid - he's more than willing to have the government collect our money and give it to him.
 
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and then some. he does everything he can to minimize his own tax exposure; then he invests in financial insurance products whose worth will increase if tax rates go up, then he initiates a public campaign to raise tax rates.

it's sort of like when he invests in Goldman Sachs, and then starts talking about how the government needs to bail out Goldman Sachs. Buffet isn't stupid - he's more than willing to have the government collect our money and give it to him.

Everyone attempts to minimize their tax exposure. That is expected, and it's why Buffett argues that the rules should be changed.
 
Everyone attempts to minimize their tax exposure. That is expected, and it's why Buffett argues that the rules should be changed.

Do you find it a bit cynical on his part that he wants to change the law AFTER he has pulled in his billions. He has already said he is going to leave his kids very little and he is 80 worth something like $40 billion. Pretty easy to be noble and say you can take all the money I make going forward as he can't spend the money he already has.
 
Do you find it a bit cynical on his part that he wants to change the law AFTER he has pulled in his billions. He has already said he is going to leave his kids very little and he is 80 worth something like $40 billion. Pretty easy to be noble and say you can take all the money I make going forward as he can't spend the money he already has.

I think he's been saying it for some time. I don't think he's particularly greedy. Would a greedy person pledge $30 billion to charity, as Buffett has?
 
:lamo

Buffet puts the majority of his wealth into a trust so it can't be touched, pays himself a lower income salary so he's in a lower bracket, and Berkshire Hathaway owes back taxes all the way back to 2002.

again, Buffet pays pretty much what he decides he wants to pay. then he get's government to back his bets and people are stupid enough to buy his pap. :D

References to your assertions please! Given that 3/4 of the people on this board have little to no understanding of income taxes, I would like you to put up or shut up on this assertion. Thank you.
 
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