• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Warren Buffett: Raise Taxes On The "Very Rich"

I need to get my boots on.
That's total bull**** and you know it. Democrats typically support Planned Parenthood, and Rupublican's typically don't.

Oh I support PP-I worked there as a guard and escort. My family has given more than you will ever make to that place. But tell me, do you believe someone making only 10K a year can responsibly fund the care and raising of two children
 
Oh I support PP-I worked there as a guard and escort. My family has given more than you will ever make to that place. But tell me, do you believe someone making only 10K a year can responsibly fund the care and raising of two children
Of couse not, unfortunely it happens.
 
So wouldn't it make more sense to not raise taxes any higher than they already are? And while doing that the government should cut half of its spending so that the other half can go to pay off the incredible debt that they built over the decades? Sure it might be hard for those who rely on the governmen to live on, but tough luck.

Not to mention all of those businesses who rely upon their spending. And all of their suppliers. And all of their employees. And all of the businesses who rely upon their spending. And all of their suppliers. And all of their employees. This is why when Obama started to make cuts, GOP Congress members found out and went on a war path to stop his cuts.

It's all fun and games...until it's my district you're cutting in.
 
No, I'm not wrong:

Someone making 200k/year would see their taxes go up zero dollars. Do you understand how marginal tax rates work?

Someone making $200,001 vs. someone making $199,999. First guy would see his taxes go up a few cents, second guy would not.
 
Last edited:
Someone making 200k/year would see their taxes go up zero dollars. Do you understand how marginal tax rates work?

Someone making $200,001 vs. someone making $199,999. First guy would see his taxes go up a few cents, second guy would not.

this lie again

if that person has a salary of 200K their taxes go up because of the SS tax has no ceiling now

if they have dividend income that income is taxed at their new bracket rather than 15%

capital gains taxes go up at least 5%

stop the disinformation
 
this lie again

if that person has a salary of 200K their taxes go up because of the SS tax has no ceiling now

if they have dividend income that income is taxed at their new bracket rather than 15%

capital gains taxes go up at least 5%

stop the disinformation

If you've got something to back yourself up on the SS taxes, I'm happy to check it out because it's different than what I've read.

The Tax Foundation - Obama Would Lift Social Security Earnings Cap, But At A Lower Tax Rate
Under current law, income up to $102,000 a year is taxed for Social Security. Obama would create a "doughnut hole" by not imposing new Social Security taxes on income between $102,000 and $250,000.

I haven't found anything that says definitively that the SS tax cap will go away.
 
Last edited:
If you've got something to back yourself up on the SS taxes, I'm happy to check it out because it's different than what I've read.

The Tax Foundation - Obama Would Lift Social Security Earnings Cap, But At A Lower Tax Rate


I haven't found anything that says definitively that the SS tax cap will go away.

The Federal Insurance Contributions Act (FICA) (codified in the Internal Revenue Code) imposes a Social Security withholding tax equal to 6.20% of the gross wage amount, up to but not exceeding the Social Security Wage Base ($97,500 for 2007; $102,000 for 2008; and $106,800 for 2009 and 2010). The same 6.20% tax is imposed on employers. For each calendar year for which the worker is assessed the FICA contribution, the SSA credits those wages as that year's covered wages. The income cutoff is adjusted yearly for inflation and other factors.

went up some since your study was published.
the claim that taxes for someone making 200K will or have not gone up under Obama is not true
 
The Federal Insurance Contributions Act (FICA) (codified in the Internal Revenue Code) imposes a Social Security withholding tax equal to 6.20% of the gross wage amount, up to but not exceeding the Social Security Wage Base ($97,500 for 2007; $102,000 for 2008; and $106,800 for 2009 and 2010). The same 6.20% tax is imposed on employers. For each calendar year for which the worker is assessed the FICA contribution, the SSA credits those wages as that year's covered wages. The income cutoff is adjusted yearly for inflation and other factors.

went up some since your study was published.
the claim that taxes for someone making 200K will or have not gone up under Obama is not true

You claimed the SS tax cap was being removed entirely, implying a large tax hike on people making $200K. Prove it.
 
You claimed the SS tax cap was being removed entirely, implying a large tax hike on people making $200K. Prove it.

I am claiming obama wants to do that

you were the one who claimed that someone making 200K a year won't see their taxes raised when Obama came into office

that was a patent lie and I already proved that.
 
I am claiming obama wants to do that

you were the one who claimed that someone making 200K a year won't see their taxes raised when Obama came into office

that was a patent lie and I already proved that.

Ok, I was off by whatever inflation adjustment is made to the FICA tax. My apologies for this MASSIVE ERROR. I suppose you're going to blame FICA on Obama?
 
Ok, I was off by whatever inflation adjustment is made to the FICA tax. My apologies for this MASSIVE ERROR. I suppose you're going to blame FICA on Obama?

nah-democrats in general
 
Buffett is a weird one. He's taught me more about investing than anyone, though I have to say I was always a bit confused why someone would want to enter a market that where the prices were going ballistic.

Buffett says... don't go outside your circle of competence, and that knowing the edge of that circle is paramount to investing success. yet he wants incompetent government to run more and more. I'd sure love to hear him say Government is a pig and should be slaughtered... but we don't.

He also believes investors should be able to buy stocks and then not look at the ticker... for years. And that we shouldn't go in and out of the market because the trader and tax man will profit. Lord knows he doesnt pay a penny more than he must... but if government were so great, why not give more annually, and why not give his billions to government instead of The Gates Foundation.

He's also notorious for saying NO. For example, he won't make a $1.00 bet with a $10,000 return on a hole in one, because he figures the odds are too low and the dollar can be better invested elsewhere. Yet he pushes for government to take more, and as we all know... government is anything but efficient.

Why he would want to cash out of the public sector with higher taxes, where they create jobs, and when these jobs elevate wages... creating more revenue... and why I have never heard him say cut and gut government is beyond me.

I read his annual reports with relish... and anything I could get my hands on years ago... he's obviously a brilliant investor... but his politics are as strange as his investing is brilliant.

.
 
Last edited:
I think he wants to be liked and loved and spewing idiotic crap that really doesn't hurt him (he won't pay estate taxes and he can afford huge income tax hikes but those also caught up in the class warfare-envy of the dems cannot) will make him popular with the low wattage liberals.

He also is dishonest-that crap he spews about his secretary is possible only with his manipulation of his own compensation.
 
that's a good point-but the people that the dems want to pay are only a small minority-not the people who have been voting for years for more spending. I have said it for years, until the middle class and lower classes get zapped every time the government spends recklessly, that massive amount of voters won't vote against irresponsible spending politicians.

taxes should not be withheld but people should pay quarterly taxes as I do on much of my income and one of the payments should be the week before elections.

30% cut in welfare check should do the trick. ;)
 
works for me

we make failure and sloth way too comfortable in the USA

We get it. You hate poor people. Anyone on welfare must be lazy or stupid.
 
We get it. You hate poor people. Anyone on welfare must be lazy or stupid.

No they are not stupid or lazy. Most people on welfare are fraudsters. They let us the taxpayers pay for everything while they work on the side saving money paying no taxes. And then once they are off welfare they buy a 300,000 dollar home in its entirety. And that does not include what they buy for the inside of the house. But really the only way to make these fraudsters disappear is to get tough on them. Sadly our government has no balls because it does not want to loose voters or people with a rightous call like yourself who want to hand out money. Please hand out your own but not that of mine or anyone else who does not want to pay.
 
We get it. You hate poor people. Anyone on welfare must be lazy or stupid.

We get it. You hate rich people. Anyone on their own nickel is a crook and cheat.
 
We get it. You hate poor people. Anyone on welfare must be lazy or stupid.

More fake mind reading masquerading as an attempt to actually debate

pathetic
 
We get it. You hate rich people. Anyone on their own nickel is a crook and cheat.

welfare is actually more destructive of the poor than telling them they ought stop depending on the government

Deuce thinks telling addicts to quit shooting smack is hateful and giving them a fix is charity
 
Back
Top Bottom