Warren Buffett and the rich

Discussion in 'Current Events' started by montra, Aug 29, 2011.

  1. eleison

    eleison New Member

    Joined:
    Nov 24, 2008
    Messages:
    5,640
    Likes Received:
    86
    Trophy Points:
    0
    Really, your salary is not a lot. You need to figure out how to work smarter and not complain so much about the "rich". Also, how do you figure that you pay close to 35% in taxes. Worse case scenario is that you pay only 25% in federal taxes. http://www.mydollarplan.com/tax-brackets/ and that's without any deductions... If you have student loans, a mortgage, etc.. you have deductions. If you have kids, its even lower...

    http://sgpaction.com/content/tax-reform-whos-really-paying-their-fair-share

    At the end of the day, its sounds like "someone is jealous of other people's money"...
     
  2. montra

    montra New Member

    Joined:
    Mar 20, 2011
    Messages:
    5,953
    Likes Received:
    108
    Trophy Points:
    0
    Well it keeps getting better.

    http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/

    It seems that Warren Buffett has set up his estate so that when he dies he will take advantage of unlimited transfer tax charitable deduction loopholes. This means that the US government will be cheated out of about $15!!!

    So tell me again Warren how much more I should be paying in taxes?
     
  3. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

    Joined:
    Aug 8, 2008
    Messages:
    19,096
    Likes Received:
    1,827
    Trophy Points:
    113
    In your case none. He was talking about taxes for those earning more than a million a year.
     
  4. montra

    montra New Member

    Joined:
    Mar 20, 2011
    Messages:
    5,953
    Likes Received:
    108
    Trophy Points:
    0
    Since Warren makes more than a million a year, why then does he evade the tax system while telling his counterparts they need to pay more? Is senility getting to him or is he just the picture post card for hypocrisy?
     
  5. JP5

    JP5 Former Moderator Past Donor

    Joined:
    Mar 17, 2004
    Messages:
    45,584
    Likes Received:
    278
    Trophy Points:
    0

    :twisted: Great find! Obama's buddy, Warren, is two-faced. Some reporter should ask him how much money he spends on accountants and lawyers to find him every tax loophole there is? Of course, it would never allow it nor would he answer it.

    And that stuff about his employees paying a higher rate than him......he has the ability to raise ALL their salaries ten-fold if he chose too. Obviously, he prefers to leave them at the lower levels.

    What a creep.
     
    Rapunzel and (deleted member) like this.
  6. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

    Joined:
    Aug 8, 2008
    Messages:
    19,096
    Likes Received:
    1,827
    Trophy Points:
    113
    No you're misunderstanding what he's saying. He's not asking for wealthy people to stop evading taxes but that the tax code itself be changed to take a larger proportion from those earning over a million a year.
     
  7. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

    Joined:
    Aug 8, 2008
    Messages:
    19,096
    Likes Received:
    1,827
    Trophy Points:
    113
    Berkshire Hathaway is a publicly traded company. Buffet could not overpay taxes even if he wanted to as he's only one of many shareholders (albeit a large one).

    Buffet is talking about personal taxes.
     

Share This Page