Obama: “I do think at a certain point you’ve made enough money…”

#127
#127
Umm, Buffet does pay more in taxes than his secretary. His point was his earnings are taxed at a lower rate than his secretary's earnings. As has been pointed out, it is a result of how he structured his company and very few people are in his boat.
 
#129
#129
Vol Doll said:
Yes, you are correct, it's Buffet. sorry.
But thanks for proving my point for me. :)
Click to expand...

Do you know any tax code whatsoever? If Buffet didn't specifically invest to avoid taxes and spend money purchasing tax credits, he'd pay an enormous percentage of his income in taxes.
 
#130
#130
i'd also love to know how his gates foundation donations are effecting that tax rate. most of the rich don't have enough money to give away 20%+ a year to charity. the fact is the WORKING rich in this country get royally screwed.
 
#131
#131
droski said:
i'd also love to know how his gates foundation donations are effecting that tax rate. most of the rich don't have enough money to give away 20%+ a year to charity. the fact is the WORKING rich in this country get royally screwed.
Click to expand...

exactly. Those with wealth don't give a rip about the marginal tax rates, while those earning the high rates in an attempt to build wealth, see the marginal rates as enormously erosive and a huge disincentive to risky investment.
 
#133
#133
droski said:
i assume you are refering to buffett and the only reason why buffett is paying a small % of taxes than his secretary is because a) his secretary is very well paid and b) buffett structures berkshire specifically to avoid taxes. so basically the biggest tax cheat in the country is arguing he doesn't pay enough taxes. brilliant.
Click to expand...

And here I thought Buffet's ability to make a lot of money and strucutre it in a way to minimize his tax liability would be admired by some on here.
 
#134
#134
rjd970 said:
And here I thought Buffet's ability to make a lot of money and strucutre it in a way to minimize his tax liability would be admired by some on here.
Click to expand...
It is, but it first change the disingenuous nature of his comment. He damn well knows the reality.
Posted via VolNation Mobile
 
#136
#136
jcwvolfan said:
“…but you know, part of the American way is, you can just keep on making it if you're providing a good product.” (If you’ve heard the quote, it sounds like he has to admit the last part of the quote begrudgingly or it hit him as to what he just said and it's an attempt to recover.)

So was this an off-teleprompter slip of the tongue, or was it an initial shot across the bow?


(Disclaimer: I figured this would have been brought up before now, so if it has and I have missed it I fully apologize!)
Click to expand...
funny that john mcCain has said the same thing in the past, but don't let that get in the way of your obama bashing
 
#141
#141
Interesting timing after our conversation on j&j last week, huge recall on childrens liquid Tylenol and the FDA slammed the shape of the facility.

I bet he'll get an even bigger bonus for having to make 'tough product and facility improvements.'
Posted via VolNation Mobile
 
New posts
You must log in or register to reply here.

VN Store



Back
Top