Tax Rebates

[Army_of_One]

Originally Posted by Bubba

That is just it, the wealthy may pay more dollars in taxes than the lower income people and the middle class, but the percentage they pay is less because of all the loopholes, credits, deductions and write-offs.

Here is what I have posted before in another thread...


http://www.dodgeboard.com/forums/new...hlight=Buffett

1st of all..he's only one guy with one opinion. What do you think wealthy people DO with all that money? They should have the same tax level as anyone else. You sound like you want to tax the wealthy to death. What income level do YOU consider to be "wealthy"? What exact is someone's "FAIR SHARE"?

[Highwayman]

Oh please, I don’t want to rehash again how a rich Democrat named Buffett made millions by exploiting the victims of oppressive high taxes. He wants high taxes for one reason, his own personal greed.

[Bubba]

Originally Posted by Army_of_One

1st of all..he's only one guy with one opinion. What do you think wealthy people DO with all that money? They should have the same tax level as anyone else. You sound like you want to tax the wealthy to death. What income level do YOU consider to be "wealthy"? What exact is someone's "FAIR SHARE"?

Yes, they should have the same level as everybody else. With no loopholes to make their level smaller.

I would consider that a single person with an income of $150,000 or greater to be in the wealthy category, and that would make a couple with an income of $300,000 to be considered wealthy.

[Bubba]

Originally Posted by Highwayman

Oh please, I don’t want to rehash again how a rich Democrat named Buffett made millions by exploiting the victims of oppressive high taxes. He wants high taxes for one reason, his own personal greed.

You must know the political party of every person in the U.S. I had no idea that he was a democrat and I didn't and don't really care what political party he is aligned with. He is a rich, smart man that knows how the economic markets work.

[Army_of_One]

Originally Posted by Bubba

Yes, they should have the same level as everybody else. With no loopholes to make their level smaller.

I would consider that a single person with an income of $150,000 or greater to be in the wealthy category, and that would make a couple with an income of $300,000 to be considered wealthy.

Single or not...150,000 isn't rich in a lot of places. If you live in NY, Chicago or San Fran 150,000 a year will barely get you into a house...

[Highwayman]

Originally Posted by Bubba

You must know the political party of every person in the U.S. I had no idea that he was a democrat and I didn't and don't really care what political party he is aligned with. He is a rich, smart man that knows how the economic markets work.

It’s called paying attention Bubba. You are correct that Buffett knows how economic markets work. That’s how he got rich. Notice that Buffett is campaigning in favor of the estate tax (death tax) as the way to tax the rich. Buffett made billions off the backs of working folks and indirectly destroyed jobs for others by exploiting that tax. If Buffett really believed that the death tax was such a good thing he wouldn’t be giving his money to charity and avoiding it.

For anyone that wants to understand Buffett’s love affair with the estate tax follow the link.

Warren Buffett Benefited From Death Tax - HUMAN EVENTS

[Bubba]

He is also in favor of the "consumption tax" or Fair Tax. I think that is a good idea. Scrap the tax code as it is today and get taxed for how much you spend. Not how much you make and/or save.

[old timer]

Hey, great idea -- tax only what is spent -- let's see -- you make $30,000 grand a year with a family and you have to spend it all (even in Dodge City) to eat, live, pay heat, etc. so you're taxed on 100 percent of your income.

You make, say $150,000 a year (and live in Dodge City), so you only have to spend say a third of your income to eat and live, so are taxed on only 30 percent of your income. Hey, that sounds really fair -- as long as you're not a working person with family making $30,000.

Let's tax the poor a lot. That'll will help our country, right ?

[K C Muffin]

I personally believe Warren Buffet to be one of the smartest people on the planet. He has taken working the market to a whole new level....he's done it well and he's giving his money away. Do you think it's just to avoid inheritance tax after he passes? Or do you really believe he's giving it away because he's amassed more than he can use and sees need in his country?

[Bubba]

Originally Posted by old timer

Hey, great idea -- tax only what is spent -- let's see -- you make $30,000 grand a year with a family and you have to spend it all (even in Dodge City) to eat, live, pay heat, etc. so you're taxed on 100 percent of your income.

You make, say $150,000 a year (and live in Dodge City), so you only have to spend say a third of your income to eat and live, so are taxed on only 30 percent of your income. Hey, that sounds really fair -- as long as you're not a working person with family making $30,000.

Let's tax the poor a lot. That'll will help our country, right ?

That's not how it works. Try using Google or some other search engine and be informed about what you comment on before posting something like this.


Here I'll make it easy for you...
Americans For Fair Taxation: