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Buffett, Gates create indelible UNL moment
Lincoln Journal Star ^
| 10-8-2005
| LJS Editorial
Posted on 10/11/2005 6:56:11 AM PDT by stevestras
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Both Buffett and Gates said that they should pay more in taxes. The rich should bear a somewhat higher proportion than they are now, Gates said. Im paying less than half of what I was paying years ago when I was making a lot less, Buffett said. There are people fighting in Iraq paying higher rates than mine.
This irks me. Why don't these folks start a voluntary deficit reduction fund and contribute a billion, or two. Oh, that's right, their really trying to indoctrinate our young people, not solve the problem.
To: stevestras
only the stupid, lazy, and middle class pay taxes
To: stevestras
I was under the impression that soldiers in a forward area do not pay taxes.
3
posted on
10/11/2005 6:59:34 AM PDT
by
wideawake
(God bless our brave troops and their Commander-in-Chief)
To: wideawake
They don't. Buffet is evidently unaware of this.
4
posted on
10/11/2005 7:01:12 AM PDT
by
ex 98C MI Dude
(Our legal system is in a PVS. Time to remove it from the public feeding trough.)
To: stevestras
Half the rate is not half the taxes.
To: stevestras
"Both Buffett and Gates said that they should pay more in taxes"
Go for it. I'm not stopping either of them and neither is anyone else. All talk and no action. Typical. But to say they pay "less tax" than foks in Iraq is just a disingenuous attempt to get taxes raised on the wealthy.
6
posted on
10/11/2005 7:01:25 AM PDT
by
L98Fiero
To: wideawake
I think you are right about that.
7
posted on
10/11/2005 7:01:44 AM PDT
by
Piquaboy
(22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
To: stevestras
Any military personnel in a combat zone pay NO taxes...
8
posted on
10/11/2005 7:02:41 AM PDT
by
2banana
(My common ground with terrorists - They want to die for Islam, and we want to kill them.)
To: wideawake
That's true, they do not pay Federal taxes while in the combat tax exclusion zone. SS/FICA continues though.
9
posted on
10/11/2005 7:03:04 AM PDT
by
Wristpin
( Varitek says to A-Rod: "We don't throw at .260 hitters.....")
To: wideawake
You are absolutely correct. Those soldiers are tax exempt while they are in the Iraqi AOR.
What really burns me about this is that the headline is completely misleading. Buffet does not pay less taxes, he pays a lower PERCENTAGE tax. The headline was probably written to intentionally obfuscate that fact.
What's more, why do Buffett and Gates employ accountants whose job is to reduce their tax burden if they actually feel this way? If you want to pay more, go right ahead!
10
posted on
10/11/2005 7:03:21 AM PDT
by
T.Smith
To: stevestras
But if you ask for a slice you'll find they're giving none away...away....away....away
11
posted on
10/11/2005 7:03:27 AM PDT
by
Lester Moore
(islam's allah is Satan and is NOT the God of Abraham, Isaac and Jacob.)
To: stevestras
Well these two can hire entire legal/tax firms to position themselves into a lower bracket. The avereage Joe cannot.
The current tax code (NOT tax rates) benefits the rich. The code needs to be simplified to the point where everyone pays and there's no need to have to have an entire firm of tax accountants to shelter your wealth.
12
posted on
10/11/2005 7:04:40 AM PDT
by
AFreeBird
(your mileage may vary)
To: stevestras
We don't pay taxes. Only the little people pay taxes. --
Leona Helmsley
13
posted on
10/11/2005 7:05:42 AM PDT
by
Capt. Tom
(Don't confuse the Bushies with the dumb Republicans - Capt. Tom)
To: stevestras
"Why don't these folks start a voluntary deficit reduction fund and contribute a billion, or two"
That would be ok. I'd be happy if they just spent or invested their savings (which I am sure they do). That investing is what adds capital to the markets and allows the economy to grow...create jobs...increase earnings...and eventually bring in higher tax revenues (because of higher business/individual earnings, and not from higher rates). I'd rather have dork billionaires like Gates and Buffett invest the dollars than the U.S. government.
Yes, I do wish I was a dork billionaire.
14
posted on
10/11/2005 7:06:35 AM PDT
by
frankjr
To: stevestras
The appearance of Bill Gates and Warren Buffett at the Lied Center last week was a reminder of the fluidity in American society that allows talent and drive not birthright and connection to earn power and wealth.Very beautiful and it's simply what sets America apart from the world. Unfortunately, most Americans have never lived elsewhere and they don't have a clue just how beautiful that sentence is.
15
posted on
10/11/2005 7:06:56 AM PDT
by
kipita
(Conservatives: Freedom and Responsibility………Liberals: Freedom from Responsibility)
To: stevestras
What a load of %$&*! Both Gates and Buffett do NOT have to opt for every allowable deduction. They don't have to deduct charitable donations, etc.
16
posted on
10/11/2005 7:07:31 AM PDT
by
whitedog57
(Holland)
To: stevestras
The rich should bear a somewhat higher proportion than they are now, Gates said.
Mr. Gates, how do you propose we tax wealth when our system of taxation is based on income?
17
posted on
10/11/2005 7:07:32 AM PDT
by
andyk
(Go Matt Kenseth!)
To: stevestras
..the people who make the laws also pay less...it's really not hard to figure out, they are also responsible for spending it. Until there is a nation wide FLAT TAX...everybody pays,it will never change. It will always be a political football to be kicked around every election day...for,against, higher,lower,increase,cut....mean while
PORK PORK PORK,SPENT SPENT SPENT...and people like us argue over whether or not the tax rate is right. While we argue, they keep spending. It won't change,they control.
Doogle
18
posted on
10/11/2005 7:07:51 AM PDT
by
Doogle
(USAF...7thAF ..4077th TFW...408th MMS..Ubon Thailand.."69",,Night Line Delivery..AMMO)
To: stevestras
They said they pay lower RATES on their income...not
lower taxes. Opener makes it sound like the kid in the military pays more than they do. The rest of us don't
give the huge amounts to charities that these guys do,
either. Their donations knock down their rate. The
reason Buffet and everyone else paid more taxes "years ago" is because the Dems wanted to tax everything possible to fatten their special programs. I'm no billionaire, but
I'm paying a lot less now, too. And I appreciate it!
19
posted on
10/11/2005 7:08:20 AM PDT
by
Grendel9
(uick)
To: stevestras
Raise the taxes on the rich, raise the taxes on the rich, raise the taxes on the rich. Gosh it is good to see the MSM is still working this morning.
IIRC, the top 1% of earners pay 30% of the gross revenues for the IRS, the top 10% over fifty percent. Yes, Buffet and Gates are benefiting from the lack of capital gains taxes. Both likely donate more money each year than I'll make in my lifetime.
20
posted on
10/11/2005 7:09:32 AM PDT
by
kingu
(Draft Fmr Senator Fred Thompson for '08.)
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