[jason700]

[Psudo]

Remember when Reagan advocated the alternative minimum tax and tax reform to close loopholes? That would work great to raise tax revenue without raising tax rates. Even for folks with an absolutely blind opposition to tax rate increases, I don't see why they would oppose tax reform.

During the recent GOP debates, viewers voted 71:29 in favor of tax reform. I don't know what it is with the pundits and politicians that they don't share that support.

[BeaverFever]

I don't know how anyone can accept any of the fox news bullshit and still consider themselves mentally competent. 99% of those identified as poor have refigerators and therefore are not poor? C'mon...

[DanSC]

If Warren Buffet feels his tax rate is too low and he doesn't want to wait for legislation, all he needs to do is write a check for the remainder of what he thinks he owes and mail it to

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782

But it would be much easier to live without a refrigerator if I was able to legally take home a fresh deer every few days

[Unsound]

The clooney line was awesome.

[Unsound]

DanSC wrote:

If Warren Buffet feels his tax rate is too low and he doesn't want to wait for legislation, all he needs to do is write a check for the remainder of what he thinks he owes and mail it to

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch

The problem with this is that we're all willing to do without, or give a little more, if everyone is doing the same. making a grand gesture of giving money to the debt is all well and good, but ultimately pointless if no one else does. And if not compelled, through taxes, very few people do.

[BeaverFever]

DanSC wrote:

If Warren Buffet feels his tax rate is too low and he doesn't want to wait for legislation, all he needs to do is write a check for the remainder of what he thinks he owes and mail it to

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782

For all you know he does do that. Your comments do nothing to undermine the fact that he (rightly)feels people like him pay too little tax.

[Psudo]

BeaverFever wrote:

I don't know how anyone can accept any of the fox news bullshit and still consider themselves mentally competent. 99% of those identified as poor have refigerators and therefore are not poor? C'mon...

For once, I agree with you. That story was crap.

[martin14]

Unsound wrote:

DanSC wrote:

If Warren Buffet feels his tax rate is too low and he doesn't want to wait for legislation, all he needs to do is write a check for the remainder of what he thinks he owes and mail it to

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch

The problem with this is that we're all willing to do without, or give a little more, if everyone is doing the same. making a grand gesture of giving money to the debt is all well and good, but ultimately pointless if no one else does. And if not compelled, through taxes, very few people do.

True, but it would at least give him some moral standing on this issue.

In the meantime, he continues to take every tax advantage he can to lower his taxes, same as everyone else.

So, he has no leg to stand on, and this looks like more of the

"do as I say, not as I do"....

[BeaverFever]

Quote:

In the meantime, he continues to take every tax advantage he can to lower his taxes, same as everyone else.

Does he?

[andyt]

BeaverFever wrote:

Quote:

In the meantime, he continues to take every tax advantage he can to lower his taxes, same as everyone else.

Does he?

He probably does, and he should. That's how the system is supposed to work - govt enacts sensible regulations and then non-greedhog people work those regulations to their best advantage without breaking the law.

And as Brenda pointed out - Buffet committed to donating how many billions to charity?

To say he has no moral leg to stand on because he's pushing for regulations that would make him pay more taxes is just asinine.

[DanSC]

BeaverFever wrote:

Quote:

In the meantime, he continues to take every tax advantage he can to lower his taxes, same as everyone else.

Does he?

Yes. If he did not, his tax rate wouldn't be lower than his cleaning lady's.

[sandorski]

martin14 wrote:

Unsound wrote:

DanSC wrote:

If Warren Buffet feels his tax rate is too low and he doesn't want to wait for legislation, all he needs to do is write a check for the remainder of what he thinks he owes and mail it to

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch

The problem with this is that we're all willing to do without, or give a little more, if everyone is doing the same. making a grand gesture of giving money to the debt is all well and good, but ultimately pointless if no one else does. And if not compelled, through taxes, very few people do.

True, but it would at least give him some moral standing on this issue.

In the meantime, he continues to take every tax advantage he can to lower his taxes, same as everyone else.

So, he has no leg to stand on, and this looks like more of the

"do as I say, not as I do"....

BS.

[BeaverFever]

DanSC wrote:

BeaverFever wrote:

Quote:

In the meantime, he continues to take every tax advantage he can to lower his taxes, same as everyone else.

Does he?

Yes. If he did not, his tax rate wouldn't be lower than his cleaning lady's.

No, he is talking about what the official tax rate is for his income type (i.e. "the mega-rich" earn income almost entirely from investments, not from company payroll, which has a higher tax rate --> he thinks this is wrong).

[MeganC]

Unsound wrote:

The problem with this is that we're all willing to do without, or give a little more, if everyone is doing the same. making a grand gesture of giving money to the debt is all well and good, but ultimately pointless if no one else does. And if not compelled, through taxes, very few people do.

How do you explain all the money people give to charity or churches? They do it and no one compels them to.