Obama would spend all your super rich friends money in a few days and then be back for more
1) How many of birkshire hathaway’s companies seek tax havens (Don’t get me wrong — I am all for businesses maximizing tax savings)
2) How much of his own money does ole Warren shelter?
3) Why doesn’t Warren donate to the treasury? Has he? Maybe I missed it.
What a hypocrite!
He should send everything he has into the IRS. That way I’ll be able to get a Sosha Security check a few years from now.
You wana pay more pay more, one one is stopping you.
Dear Mr Buffet,
File a 1040-EZ next year and prove you mean it. Or, better yet, just send a check today in the amount you propose your taxes be raised.
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
Just mail in a check, Warren.
There are a couple ways to fix this "problem". First, throw out the entire tax code and implement a national retail sales tax like the FairTax. It won't matter whether you earn your money via capital gains, dividends or wages because you'll pay the same rate when you spend it.
Alternatively, charge the same rate for capital gains as for wage income, but include an inflation adjuster so if you buy a stock for $1000 and sell it for $2000 years later but the Treasury and Federal Reserve have destroyed the value of the dollar so $1000 then is equal to $1400 now, you will only pay income tax on $2000 minus $1400, or $600. Your cost basis will be the purchase price times the CPI when you sold it divided by the CPI when you bought it, or just a little bit more calculation than now.
Also, Warren, don't tell me any of your "quadruple A" bond BS. You own insurance companies whose assets are significantly held in treasury bonds. A downgrade from AAA to AA+ hits you hard in the wallet. You aren't a neutral observer, but rather someone neck deep in this swamp.
He admits he pays a 17.4% rate when his actual rate is 35% based on his income but he feels he should pay more?
Hey Buffett, stop taking deductions if it's that big of a concern for you.
Nothing prevents Buffet from disavowing all deductions and using the current income tax rates or even the “Clinton era tax rates” on his capital gains. And if the old man would just stop giving away his money to charity, his estate could pay more death taxes to his favorite charity, the government. Lead by example instead of running your mouth. Also Buffet should teach the government that “millionaires and billionaires” don’t start at 200,000.
Try this one on for size and read past the first couple sentences and paragraphs:
It’s like a bunch of rich guys running around acting altruistic and claiming the death tax should be reinstated or at higher levels.
What they don’t tell you is their holdings include companies who profit from estate planning, income shelter, etc.
If the government has no death tax it is a direct competition to the insurance companies, law firms, Wall Street, etc.
Without the death tax there is no need for their services and such stringent estate planning.
Here is an excellent video explaining Warren Buffet and Berkshire-Hathaway. Get a cup of coffee and watch it. You will see the scheme explained and then you will get it.
Also note what companies he has acquired, how and why:
Why This Superrich Guy Likes High Taxes
http://www.xtranormal.com/watch/8035391/
Warren Buffett Benefited From Death Tax
http://www.humanevents.com/article.php?id=15951
Wanna know why Buffet pushed for TARP bailout?
Suffice it to say Berkshire owned stock in some largest receipents of TARP valued at $13 billion around that time.
Here is the funny part:
Buffett increased his bank holdings in September, while he was arguing in the media that Congress should approve the bailout to prevent the collapse of the global financial system.
TARP was approved in October of that year, just one month later!
It’s good to be king!
He actually said “if he didn’t think the government was going to act(in a way that would positive and accretive to hihis holding) he wouldn’t have been doing anything that week”. (paraphrased)
For more read here:
http://www.mcclatchydc.com/2009/04/05/65496/buffett-champion-of-bailout-is.html
BofA in April 2009 was around $4 per share and is now trading at $13.80 per share as of 3/02/2001
Wells Fargo in April of 2009 was around $11 per share and is now trading at around $31 per share.
How about US Bancorp trading at around $14 per share in April 2009 and now trading at about $26 per share.
Goldman Sachs Group trading at some $51 dollars per share has now zoomed to above $160 per share.
How about those poor folks at American Express trading at just above $10 per share in 2009 and now they are trading at about $45 per share?
Bottom line: We, the schmuck taxpayer, paid to enhance the holdings of companies like Berkshire and investors in Berkshire.
Warren Buffet shelters his wealth in insurance companies. He knows that Congress isn’t going to change that.
here you go , old man:
How do you make a contribution to reduce the debt?
There are two ways for you to make a contribution to reduce the debt:
You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it’s a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance
Unless of course they earn their money from one of many available TAX FREE vehicles available in the current income tax code. Earnings from those are taxed at zero percent!
He says higher tax rates never kept him from investing.
So all the money he paid to the IRS he would have buried in the back yard instead of investing it.
How on earth did such a dumb man get so rich?
Warren, if you want to pay more taxes, just write a check and leave the rest of us alone.
This is easy for Buffett because he already earned his money. You could tax him at 100% and he’d still be rich. He earned a fortune in the low tax 80s, 90s and 2000s and now wants a tax increase. That tax increase will hit today’s growth producers. If Buffett really wanted to put his money where his mouth is, let’s have a gross wealth tax. Simply confiscate the wealth of anyone who is worth in excess of a billion dollars. Use the money to pay down the deficit. Let’s see how the hypocritical old Limousine Lib likes that.
And just exactly WHO is stopping his wealthy liberal from paying more? My experience with rich liberals is they hire CPA’s so they can pay the very least they can get away with... hypocrites.
Mr Buffet could liquidate his entire empire and mail the proceeds to the US Treasure and it would cover a couple of days spending.
The Rich Support McCain, the Super-Rich Support Obama 10/13/2008
http://blogs.wsj.com/wealth/2008/10/13/the-rich-support-mccain-the-super-rich-support-obama/