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#1
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The Buffet rule
I think Obama has a good idea with taxing the rich with the same minimum % that lower earners pay. Imagine that. I do not think it's class warfare. We all know that the upper earners have widened the gap in the last 20 years, and if you earn more than a mil a year you can afford to hire more employees and still live a comfortable life. As an independent I see the right seems to be very much against this and I think it will hurt them in the coming elections. I do not have cable TV so I do not get FOX news, but a FB friend posted this and I agree with it. While I have done little study on the actual proposal, the gist of the highlights seems to make common sense. What do you think about the proposed "Buffet rule" tax?
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#2
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let's see, end the deduction for mortgage interest on their mansions, and charitable giving and and everything else and then put on a flat tax. Oh, and this applies to everybody. make the tax say 10%. then the rich will pay at least as big a percentage as the middle class and will pay more $$ too.
You make $10,000; you pay $1,000 Federal income tax. You make $1,000,000; you pay $100,000 Federal income tax. Is this what you mean? |
#3
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Amen, Bob.
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#4
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But think of all the poor IRS agents and accountants, lawyers, tax consultants and lobbyists who will be out of jobs! It's too horrible to contemplate.
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#5
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Quote:
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#6
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I thought this thread was about Buffet style restaurants.
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For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get. Clk's Ebay Stuff BUY SOMETHING NOW!!! |
#7
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Glad to see I was not the only one! Its lunch time...
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TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#8
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I'm thinking Chinese Buffet, what are you thinking?
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For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get. Clk's Ebay Stuff BUY SOMETHING NOW!!! |
#9
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If you read the data published by the IRS, the idea that the higher income earners pay a lower percentage than lower income earners is total BS. Look up:
IRS's 2009 Table 1.1 "Selected Income and Tax Items." The link is: http://www.irs.gov/pub/irs-soi/09in11si.xls
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MB-less |
#10
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What's an FB friend?
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1985 380SE Blue/Blue - 230,000 miles 2012 Subaru Forester 5-speed 2005 Toyota Sienna 2004 Chrysler Sebring convertible 1999 Toyota Tacoma |
#12
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Buffet derives the majority of his income as dividends from Berkshire-Hathaway. Dividend income is taxed at 15%. However, B-H paid the 35% corporate tax rate on profits before distributing them as dividends. Hence the money is taxed twice at a net overall rate of approximately 45%.
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#13
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We've got an amazing place around here called Shady Maple, which is a "food market and smorgasbord". Fantasizing and drooling all I want, I'm not going anywhere in reality though, I got a bum ankle and can't walk for a couple days.
__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#14
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How about I bring some Chinese Buffet Food over to your house for lunch.
__________________
For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get. Clk's Ebay Stuff BUY SOMETHING NOW!!! |
#15
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That would be awesome but considering that you generally aren't allowed to bring food out of buffets I'd be very concerned where you'd hide it . I actually called the local take out place to order yesterday and they were closed on Mondays, total bummer (and kind of odd too, but whatever).
__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
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