He's not only a world class rich guy - He's a world class hypocrite.
Instead of raising taxes on millionaires, why not lower the taxes on the rest of us?
—His point is — tax code treats his secretary unfairly—
Message to Warren: Yeah, we get that. We just disagree with you.
So instead of jacking up the rates on those who are prosperous, how about reducing the rates for people like his secretary. What is a fair rate ? A simple flat 10 or 15 % In fact 10% is a very fair number. It is good enough for God, it is more than good enough for the gov’t. Flat tax with no deductions except a certain exemption of income before tax is applied. Throw out the whole complex tax code and it would be a simple sheet of paper.
Taxes should be for revenue, not for social engineering.
Hussein and Buffett can criticize and use a lower level employee (whom Buffett could assist financially in any way he likes) as a prop, but when SOMEONE ELSE decides to analyze the fact that she owns two homes and likely makes up to $500,000 a year, well that is (ACCORDING TO HUSSEIN AND BUFFETT APPARENTLY) “ridiculous”, eh?
Got hypocrisy?
Hey Warren what would you do if Obozo put a 30% tax on all your income regardless of its source? Would you be making investments that entail risk knowing that 30% of whatever you made in capital gains would be taxed at 30% on top of the 33% federal corporate income tax that comes right off the top of a company’s profits? My bet is Buffet would be moving his money offshore in short order.
He isn’t opposed to eliminating loop holes.
Blowback is a bitch, ain’t it Warren.
My version of the Buffet rule is that all Berkshire Hathaway investors pay the normal 15% capital gains tax, plus a special 65% “secretary tax”.
So, his secretary owns TWO homes, and he wants people to see her as being treated unfairly? I own zero homes, but I’m not complaining that the “Rich” do not pay enough in taxes. The argument isn’t about whether this group or that pays too much or too little. The argument is that the GOVERNMENT squanders what they take in revenue. The argument is that the GOVERNMENT places too many regulations and restrictions upon people who run small or large businesses, stiffling job creation. The argument is that the GOVERNMENT has become too wieldy, attempting to control ALL aspects of EVERYONES lives. The argument is that GOVERNMENT is the problem.
He's not only a world class rich guy - He's a world class hypocrite.
Poor dummy, he puts his secretary in the national spotlight and cries when the light is shined on her
Is that her total tax rate or her marginal tax rate?
If it is her total tax rate and assuming she is married filing jointly with Nebraska income tax and SS+Medicare up to 106,000 and only Medicare above that, I come up with a pay of about $357,000. I ignored deductions and exemptions and any capital gains, even though she should have some. If those were included her income would have to be even higher to get to 35.8% total income and payroll taxes. I also didn't count the employer's half of social security. Either way, she is right about at the bottom edge of the eeeeeeeeeeeeeeevil top 1% of income earners, and I dislike how she is being used as a political bloody shirt comparing the income taxes paid by a 1%-er against a the capital gains of a 0.001%-er.
Buffett is such a hypocrite. He is currently fighting the IRS in court over taxes owed and he takes only a 100,000 salary. Precisely to minimize his taxes.
She’s rich. I thought the Dems wanted rich people to pay high taxes?
This is easily solved, the House Ways and Means Committee needs to hold Hearings on Taxation then ORDER BOTH TO TESTIFY UNDER OATH and Bring their TAX RECORDS for further examination. When it is proven that they BOTH LIED in an effort to defraud the Taxpayers out of more of their hard earned money based on THEIR FRAUDULENT REPRESENTATION of FACT, PUT THEM IN PRISON and Seize their Assets for their CRIMES AGAINST THE PUBLIC. FRAUD. Call these people out, force them to prove their ridiculous statements.
