Rule #1- Don't Pay Your Taxes.
Posted on 04/11/2012 2:52:14 PM PDT by Whenifhow
Obama and his rich pals think you are just another useful idiot like the Occupy (OWS) crowd.
While Obama seeks to enact the “Buffett Rule” to place a higher tax burden on families/small businesses that make $250K per year or more, his Internal Revenue Service (IRS) is suing Warren Buffett.
Obama’s pal just doesn’t want to pay his taxes… but he has no problem stumping for Obama and calling for a higher tax burden on families and small businesses.
“Get this: Uncle Sam is suing Warren Buffett’s company over taxes. Yes, taxes. The US government, in a little-followed case in Ohio, filed a lawsuit this month against a unit of Buffett’s Berkshire Hathaway, seeking $366 million in taxes and penalties. The Berkshire division at the centre of the suit is NetJets, the private-aircraft company that caters to the nation’s wealthiest – the people Buffett says should pay more in taxes.
It is an odd twist that a company controlled by Buffett – perhaps the most outspoken businessman in the country in support of raising taxes on the ‘mega-rich’ – is now in a dispute with the government over his company’s paying too little in taxes.”
But it gets better… Buffett’s NetJets has now filed a lawsuit against the IRS.
“Now, NetJets and its sister division, which have filed their own suit against the IRS, say they “are stuck with a $642 million-plus bill for past taxes the IRS never indicated they were required to collect.”
Obama’s rich friends do not want to pay their taxes, but they want to instill envy in the hearts of the uneducated and sing their “tax the rich” song.
Obama’s pal and Jobs Adviser, Jeffrey Immelt, has benefited since Obama took office through the same tax loopholes that Obama criticizes on the campaign trail. General Electric paid no Taxes in 2009, General Electric Paid No Federal Taxes in 2010.
“…GE’s success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.”
Before blindly jumping on the “Tax the Rich” bandwagon, people should ask two simple questions:
1. If Obama makes people pay even more in taxes, will I get some of that money? (Answer = No). 2. Why are Obama’s millionaire and billionaire friends unwilling to pay more in taxes themselves?
Patriotic Millionaires Higher Taxes Treasury Department Donation The Daily Caller
http://www.youtube.com/watch?feature=player_embedded&v=gh9dfaSOn5o
Maybe it’s time to rethink the envy that Obama is selling, or at least see it for the BIG LIE that it is.
Milton Friedman: Why soaking the rich won’t work.
http://www.youtube.com/watch?v=Wi-D24oCa10&feature=player_embedded
http://www.youtube.com/watch?feature=player_embedded&v=gh9dfaSOn5o
Milton Friedman: Why soaking the rich won’t work.
http://www.youtube.com/watch?v=Wi-D24oCa10&feature=player_embedded
Patriotic Millionaires Higher Taxes Treasury Department Donation The Daily Caller
http://www.youtube.com/watch?feature=player_embedded&v=gh9dfaSOn5o
Milton Friedman: Why soaking the rich won’t work.
http://www.youtube.com/watch?v=Wi-D24oCa10&feature=player_embedded
Rule #1- Don't Pay Your Taxes.
How long will take for Warren Buffet to wake up to the fact that the Marxist Democrat Party and their leader pResident Obama hate capitalists like him. Obama and his Democrats have made a fool of Buffet in front of the nation. And Buffet doesn’t seem to notice. When will Buffet fall out of love with Obama and see reality?
Buffet Rule = Alternative Minimum Tax II
That's because Buffett is just another dumb libtard.
Buffet was feeding the alligator, hoping it would eat him last. But, he's a big tasty morsel!
If you have travelled by commercial air in the last decade you may have noticed a ticket tax that applies to commercial and charter air carriers. The IRS has decided that NetJets should have been charging those ticket taxes, as well. One of the interesting things about the NetJets legal response and lawsuit against the IRS is that they allege their competitors haven't been required to collect these taxes. I don't know whether that is because NetJets business model is somehow unique or that some of their business is conducted as a charter using a lease back agreement from the aircraft owners.
This is rich in irony and hypocrisy.
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