BUFFETT: TAX THE RICH

Mott the Hoople said:
Fourth, are you really that fucking niave to think that just cause one administration or congress comes along and creates this "flat tax" that following administrations or congresses won't come along and add on additional income taxes? .
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One more point on this moron.... were you not the very one who bitched about Walker's legislation in WI because 'Unions agreed to take cuts now'????

Yet when others, myself included argued that the legislation was passed because it would otherwise be very easy for future administrations to change it... what did you say???
 
Here you go Mott.... do show us those lovely Ohio math skills u lernt and tell us how this doesn't add up:

Start with a standard deduction of $30k (adjusted for inflation annually) for each adult and then tax every dollar over that $30k at 20%. This is simple, easy to understand, fair and progressive. It protects the low-income individuals and couples from paying federal income taxes. It provides the middle-income families a lower effective tax rate than the wealthy. This plan would encompass ALL income, including earned income, capital gains and dividend income.

A person making $30k pays an effective rate of 0%.

A person making $50k pays an effective rate of 8%.

A person making $100k pays an effective rate of 14%.

A person making $200k pays en effective rate of 17%.

A person making $1mm pays an effective rate of 19.4%

Everyone has the same deduction and takes it. Which causes the effective tax rate to increase the more you make.

To reduce the national debt I would propose we add an additional temporary bracket to the flat tax. Every dollar over $1 million (again adjusted for inflation annually) would be taxed at 30% rather than 20%. The additional 10% would be mandated to pay down the debt.
 
i agree with buffet and posted his comments on this months ago when he and 40 others sign a letter saying the same thing. my issue with buffet is simple, if he wants to pay more taxes, then pay more taxes. no one forced him to use the deductions or loopholes he used to bring his effective tax rate down to that level. he can always pay more, so buffet and friends, stop complaining and pay more taxes now.
 
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:lol:

Pat Buchanan on the article :

"Why doesn’t he set an example and send a check for $5 billion to the federal government?" He’s got about $40 billion. Let them send checks and set an example instead of writing op-eds.
 
A simple, flat tax would work economic wonders. But libtards like Moot and Bfgoon will never support it because it does not punish people for success.
 
Superfreak said:
Obviously you studied your math in Ohio.



Yes, obviously your math was learned in Ohio. Tell me genius... how do the wealthy get a tax break? Their tax on qualified dividends increases. Their tax on LT capital gains increases. They lose ALL of their deductions and loopholes.

Next we learn that you are too fucking stupid to even know the difference between a flat tax and the 'fair' tax proposals. Try learning the difference before making such moronic comments. The poor would not pay any federal income tax, they would not see their cost of living increase 23% you fucking idiot. Flat tax vs. Fair tax.... until you learn the difference, perhaps you should shut the fuck up with regards to people who 'don't think things through'???



LMAO... you truly are a fucking dumb ass. The administration of the FLAT tax would be EASIER than the current system. 70k pages of tax code vs. ONE PAGE. Again, learn the difference between flat tax and fair tax you fucking ignorant Ohio piece of shit.



I don't have to you fucking idiot, because I am not talking about the 'fair tax'. You fucking ignorant Ohio piece of shit. You embarrassed yet Mr. think things through?



1) Again, you clearly don't know the difference between a flat tax and fair tax as you continually try to mix and match the two in your comments.
2) Their is NO VAT type sales tax in my proposal
3) One of us certainly has shown himself to be a complete fool
4) The corporate tax is most certainly regressive you idiot.... but please tell us.... who do YOU think pays the tax that is levied on corporations?

Is it (a) stockholders (b) executives of the corporations (c) other employees of the corporation (d) consumers

Tell us genius... WHO pays that tax of the above (hint, it can be more than one)

Side note... all that bitching about hurting the 'poor' and increasing their cost of living.... THAT is EXACTLY what the corporate tax does, because as you mentioned, the poor and middle classes SPEND far more of their income as a percentage than do the wealthy.

So, quit fantasizing and lets get back to planet earth, ok? We have real problems to solve. Save your fantasies for nap time.
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[/QUOTE]Dude stop bullshitting your self. This is just another one of a dozen or more half assed flat tax schemes and like all the rest it aint going no where. Give it up. NOT GONNA HAPPEN! You can spin and rationalize and insult readers till the fucking cows come home. This is a flat tax and it doesn't stand a chance of ever becoming a reality. Get over it. Move on!
 
Dude stop bullshitting your self. This is just another one of a dozen or more half assed flat tax schemes and like all the rest it aint going no where. Give it up. NOT GONNA HAPPEN! You can spin and rationalize and insult readers till the fucking cows come home. This is a flat tax and it doesn't stand a chance of ever becoming a reality. Get over it. Move on!
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Lets recap....

I suggest the flat tax with standard deduction....

The idiot Mott then tries to mock my 'math skills' and tells me how he KNOWS it won't work, because he can 'do math' and he tries to mock me for 'not thinking things through'. All the while he is displaying the FACT that he has NO comprehension on what a FLAT TAX actually is. Instead he confuses it with the fair tax.

When thoroughly made a fool of, he then resorts back to the 'it will never pass, so quit mocking me and lets all just keep the exact same system in place and hope it produces a different result'.

AS I STATED MOTT.... I AM QUITE AWARE IT WOULD BE IMPOSSIBLE TO PASS WITHOUT A POPULACE MOVEMENT PUSHING IT. WHICH IS WHY I AM ENCOURAGING OTHERS TO SEND THE PROPOSAL TO THEIR REP AND SENATORS.

I WILL NEVER STOP ADVOCATING THIS SOLUTION AS IT IS BY FAR A FAIRER, SIMPLER AND PROGRESSIVE TAX SYSTEM THAN THE ONE WE CURRENTLY HAVE IN PLACE. IT ALSO WOULD BE FAR FAR MORE CHALLENGING TO DELIBERATELY OR ACCIDENTALLY SCREW UP YOUR TAXES.

Ok DUDE?
 
Side note Mott the fool....

I am not spinning ANYTHING.... you are just embarrassed that you were too fucking stupid to comprehend the SIMPLE concept of a flat tax.... and so now you are attempting to lash out. Go back and look Mott... you are the one that started the insults on this thread.... so stop crying about others returning the favor to you.
 
Superfreak said:
Here you go Mott.... do show us those lovely Ohio math skills u lernt and tell us how this doesn't add up:

Start with a standard deduction of $30k (adjusted for inflation annually) for each adult and then tax every dollar over that $30k at 20%. This is simple, easy to understand, fair and progressive. It protects the low-income individuals and couples from paying federal income taxes. It provides the middle-income families a lower effective tax rate than the wealthy. This plan would encompass ALL income, including earned income, capital gains and dividend income.

A person making $30k pays an effective rate of 0%.

A person making $50k pays an effective rate of 8%.

A person making $100k pays an effective rate of 14%.

A person making $200k pays en effective rate of 17%.

A person making $1mm pays an effective rate of 19.4%

Everyone has the same deduction and takes it. Which causes the effective tax rate to increase the more you make.

To reduce the national debt I would propose we add an additional temporary bracket to the flat tax. Every dollar over $1 million (again adjusted for inflation annually) would be taxed at 30% rather than 20%. The additional 10% would be mandated to pay down the debt.
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Oh fuck this. How many times does this bullshit have to be debunked? You're fucking nuts. I mean did you ever study statistics? I mean for fucks sakes the flaw in your argument and logic is so obvious. Why can't you see it?

You're whole argument is based on a fucking false premis. #1. The wealthy don't spend all or most of their income on day to day needs. The 23% sales tax implemented in this scheme is not fucking relative. No matter what you give back on a relative basis in absolute terms your fucking cost of living for the poor and most middle class people goes up 23%! Not in relative terms but in absolute terms and this means a substantial increase in taxes for middle class and poor and it fucking does nothing to spare them the burden of exisint sales taxes, city taxes, State taxes, etc, etc.

Then you completely avoided even bothering to try and answer how you would administer the tax. You just make a claim you wont' or can't support and make an ad hom attack. "Yawn". Same with the constitutional issue. Completely avoided any attempt to answer that questions and the problems it creates. Then you don't even address the publics other main fear. That you open the door to your flat tax then they come back later and nail you with income taxes cause they have that fucking right under the 16th ammendment (back to that constitutional issue) but no....when presented by questions on your religion and forced to think all you can do is resort to ad homs, after ad him.

So go ahead, run away from the tough questions that have to be answered....CAUSE THAT'S WHY THERE'S NEVER GONNA BE A FLAT TAX!!!!!!!!!!!!!!
 
Superfreak said:
Lets recap....

I suggest the flat tax with standard deduction....

The idiot Mott then tries to mock my 'math skills' and tells me how he KNOWS it won't work, because he can 'do math' and he tries to mock me for 'not thinking things through'. All the while he is displaying the FACT that he has NO comprehension on what a FLAT TAX actually is. Instead he confuses it with the fair tax.

When thoroughly made a fool of, he then resorts back to the 'it will never pass, so quit mocking me and lets all just keep the exact same system in place and hope it produces a different result'.

AS I STATED MOTT.... I AM QUITE AWARE IT WOULD BE IMPOSSIBLE TO PASS WITHOUT A POPULACE MOVEMENT PUSHING IT. WHICH IS WHY I AM ENCOURAGING OTHERS TO SEND THE PROPOSAL TO THEIR REP AND SENATORS.

I WILL NEVER STOP ADVOCATING THIS SOLUTION AS IT IS BY FAR A FAIRER, SIMPLER AND PROGRESSIVE TAX SYSTEM THAN THE ONE WE CURRENTLY HAVE IN PLACE. IT ALSO WOULD BE FAR FAR MORE CHALLENGING TO DELIBERATELY OR ACCIDENTALLY SCREW UP YOUR TAXES.

Ok DUDE?
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Keep drinking the tea dude...keep drinking the tea! LOL
 
Mott the Hoople said:
Oh fuck this. How many times does this bullshit have to be debunked? You're fucking nuts. I mean did you ever study statistics? I mean for fucks sakes the flaw in your argument and logic is so obvious. Why can't you see it?
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ROFLMAO.... holy fucking shit... I SPELLED it out for you and you STILL are too fucking retarded to understand it? You are truly making Ohio look every bit as retarded as I make it out to be.

You're whole argument is based on a fucking false premis. #1. The wealthy don't spend all or most of their income on day to day needs.
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AND? This tax has NOTHING to do with what they spend their income on you fucking idiot.

The 23% sales tax implemented in this scheme is not fucking relative.
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THIS IS NOT A SALES TAX YOU FUCKING MORON. IT IS AN INCOME TAX.

No matter what you give back on a relative basis in absolute terms your fucking cost of living for the poor and most middle class people goes up 23%! Not in relative terms but in absolute terms and this means a substantial increase in taxes for middle class and poor and it fucking does nothing to spare them the burden of exisint sales taxes, city taxes, State taxes, etc, etc.
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AGAIN, this is an INCOME TAX.... not a SALES tax you fucking moron.

Then you completely avoided even bothering to try and answer how you would administer the tax.
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WRONG AGAIN MORON.... you are just too fucking stupid to realize this is an INCOME TAX, it would be administered in the same manner that we administer the INCOME tax today.... you fucking moron.

You just make a claim you wont' or can't support and make an ad hom attack. "Yawn".
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The only one making ad hom attacks is YOU.... EVERY SINGLE POINT I HAVE MADE IS BACKED BY FACT... you are just too stupid to fucking realize that this is an INCOME TAX.

[qutoe]Same with the constitutional issue. Completely avoided any attempt to answer that questions and the problems it creates.[/quote]

WRONG AGAIN MORON..... I stated and YOU IGNORED the FACT that I told you it is not a sales tax.... IT IS AN INCOME TAX. THERE IS NO CONSTITUTIONAL ISSUE. NONE. IT IS AN INCOME TAX YOU FUCKING MORON.

Then you don't even address the publics other main fear. That you open the door to your flat tax then they come back later and nail you with income taxes cause they have that fucking right under the 16th ammendment (back to that constitutional issue) but no....when presented by questions on your religion and forced to think all you can do is resort to ad homs, after ad him.
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AGAIN MORON... THIS IS AN INCOME TAX. No matter WHAT we do today, there is always a chance that politicians in the future might change it. So this is not a 'fear' anyone has that is different from what already exists.

THAT SAID, by simplifying the tax code, you are making it HARDER for future politicians to change much.

It truly is comical how many times you can get this wrong.... IT IS AN INCOME TAX . Can you comprehend that fact moron? I don't know how many more times I have to say it before you catch on.....

So go ahead, run away from the tough questions that have to be answered....CAUSE THAT'S WHY THERE'S NEVER GONNA BE A FLAT TAX!!!!!!!!!!!!!!
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ROFLMAO... LOOK UP MORON.... I ADDRESSED EVERY BIT OF YOUR IDIOCY BEFORE.... EVERY BIT OF IT.
 
Capital Gains tax needs to be lowered even more.

Buffet is a senile old moron. Is he feeling guilty now after he ripped off Billions from everyone?
 
Mr. T said:
Capital Gains tax needs to be lowered even more.

Buffet is a senile old moron. Is he feeling guilty now after he ripped off Billions from everyone?
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Wow. This post is so stupid it just lowered the average I.Q. of the entire internet. Holy shit you are a retard.
 
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