The White House website now has a “Buffett Rule Calculator” that invites Americans to quickly figure how many U.S. millionaires pay a less effective federal tax rate than they do.
http://www.whitehouse.gov/blog/2012/04/12/whats-your-buffett-number
What's your Buffett number? Just enter a few pieces of information about your taxes, and see how many millionaires pay a lower effective tax rate than you.
Then under it is a calculator and it says 33,400 millionaires paid a lower effective tax(whatever the heck that is) in 2009 then someone making $45,000 a year.
maybe we need an interactive that shows how many jobs a millionaire creates or supports, versus Buffets secretary
My number is ONE BILLION>>>>It’s the same as what he owes in back taxes and won’t pay.
More disingenuous confusion foisted upon us by Obama. Let me ask a question: What is a millionaire?
Buhler? Buhler? Anyone?
A millionaire is someone who has accumulated assets in excess of one million dollars. It is not (necessarily) someone who earns in excess of one million dollars a year. In accounting terms, an amount of assets is a balance sheet number, as opposed to an earnings statement number.
There are many people in this country who are now retired who, primarily by purchasing a home several decades ago, are "millionaires." The home that they bought in 1975 for $100,000 is, in many areas, worth 5 or 6 times that in today's dollars. Counting other assets--stocks, bonds, mutual funds, etc., it is not that rare an occurrence for someone who had a relatively successful career (but is not anywhere near being a "one percenter") to now have total assets that exceed a million dollars.
Many such "millionaires" are now living on social security, plus the income generated by their portfolios, and, in some cases, a pension from their former place of employment. The total of such payments is often fairly pedestrian, and could easily be below the $45,000 level cited by Obama.
If they want to tax assets (the accumulation of which is what defines "millionaire") then they should talk about a wealth tax, rather than comparing what you earn to what someone else has accumulated. Of course, to the left, the term "millionaires and billionaires" includes anyone making over $200,000.
How about a web site that shows:
How many people in the grocery store are having their groceries paid for by you and other hard working tax payers?
and
How many people on Public Assistance drive a nicer car than you?
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It looks like they shut down your link. You are supposed to read it and just obey, not critically evaluate it.
The White House website now has a “Buffett Rule Calculator” that invites Americans to quickly figure how many U.S. millionaires pay a less effective federal tax rate than they do.
http://www.whitehouse.gov/blog/2012/04/12/whats-your-buffett-number
To quote Charles Krauthammer today:**The Buffett Rule redistributes deck chairs on the Titanic, ostensibly to make more available for those in steerage. Nice idea, but the iceberg cometh. The enterprise is an exercise in misdirection — a distraction not just from Obama’s dismal record on growth and unemployment but, more importantly, from his dereliction of duty in failing to this day to address the utterly predictable and devastating debt crisis ahead.**
PFFFT on this sham!