Obama LIES about Warren buffett secretary pays more taxes than millionaires!

Discussion in 'Current Events' started by Mike Frank, Sep 21, 2011.

  1. Mike Frank

    Mike Frank New Member Past Donor

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    President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are.

    "Warren Buffett's secretary shouldn't pay a higher tax rate than Warren Buffett. There is no justification for it," Obama said as he announced his deficit-reduction plan this week. "It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million."

    On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.


    More : http://www.hermancainforums.com/index.php/topic,762.0.html
     
  2. Silkheat

    Silkheat New Member

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    So a 15% capital gains tax rate is higher than 15.5% SS/FICA plus 10~25% federal income tax?

    Could you please explain that math to me?
     
  3. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - dem crooked politicians in Washington always makin' up the rules as dey go along...
    :fart:
    Warren Buffett Blames Federal Law For Romney's 15% Rate
    January 23, 2012: Washington — Billionaire investor Warren Buffett said he doesn't blame Republican presidential candidate Mitt Romney for paying only about 15% of his income in taxes, saying it was misguided federal law that allowed very wealthy people who make a living "shoving around money" to pay a lower rate than average Americans.
     
  4. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Hope that helps.
     
  5. BestViewedWithCable

    BestViewedWithCable Well-Known Member

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    Sure Id love too....

    15% of $45 million is $6,750,000

    25% of $500,000 is $125,000


    $6,750,000 > $125,000 in any sane mind.

    Obama lied and all yall leftys ate it with a spoon.....
     
  6. James Cessna

    James Cessna New Member

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    Barack Obama is a very stupid person if he does not know these facts.
     
  7. fiddlerdave

    fiddlerdave Well-Known Member Past Donor

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    Complete hokum and COMPLETE BS.

    First of all, corporate taxes rarely ever reach 35%. More like

    But MOST investments HAVE no corporate taxes on them! Appreciation of stock values, appreciation of value of business, property, investment instruments, bonds, and so much more have NO corporate taxes on them.
     

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