Free Republic

World English Dictionary zombie or zombi (ˈzɒmbɪ) 1. a person who is or appears to be lifeless, apathetic, or totally lacking in independent judgment; automaton Obama supporters do not generally have much will. They lack independent judgment. They are automatons. They are easily distracted by shiny objects and Barack Obama has a host of shiny things he uses to distract them from the real issues facing the nation. As he has no record upon which to run, Obama needs these shiny objects and they are critical to his re-election efforts. Among them: The Buffett RuleObama has made and continues to...

Reporting from Washington— Republican-led opposition blocked the 'Buffett rule' from advancing in the Senate, turning back an election year effort by President Obama to slap a new tax rate on those earning beyond $1 million a year. Nearly all Republicans voted against the measure, a potentially risky move at a time when 60% of voters support the measure, according to a recent Gallup poll, as a way to ensure wealthy Americans pay their fair share of taxes. Democrats are likely to revive the effort in coming months. “Continuing to allow some of the wealthiest Americans to use special tax breaks...

Both President Barack Obama and billionaire investor Warren Buffett agree that they both ought to be taxed more. Both currently have the option of paying more than they owe. However, both decline to do so. “While it’s true that I, or any other taxpayer, for that matter, could voluntarily contribute more of his or her income to the government, that’s not the point,” the President insisted. “Voluntary contributions leave the discretion up to the individual. Whether a person paid more would be a matter of personal choice.” “What I am trying to establish is the principle under law that certain...

Here's the latest Obama class warfare shot. He is trying to show that "millionaires" should keep less of their money because it belongs to him. It's a "Buffett Rule" calculator. But, there's no calculator for multi millions in taxes due and owing to the IRS by Buffett. The Direct link is above Their email said, " No household making more than $1 million each year should pay a smaller share of their income in taxes than a middle class family pays. This is the Buffett Rule—a simple principle of tax fairness that asks everyone to pay their fair share. ABOUT...

Inteview at link

Has anyone else gotten this email from the WH. My gf sent this to me. I copied the link off the email. Looks like it'll track you if you click on the link.

“"If you don't have a record to run on, then you paint your opponent as someone people should run from....You make a big election about small things," ” - Barack Obama 08/28/08Obama uttered these words just a few short years ago. It was supposedly a charge against politics as usual. Now, he is following the politics as usual playbook to a tee. And as he continues on his "anything but my record" tour he had the gall to say Ronald Reagan would be FOR the Buffet Rule: President Obama continued his push Wednesday to build support for the Buffett rule...

See: Obama takes 'Buffett Rule' on the road “The president believes in standing up for the middle class and making our tax system fairer, where everyone plays by the same set of rules, in order to ensure the economic security of the middle class,” the White House said in a release announcing the event at Florida Atlantic University in Boca Raton. For those who are not familiar with the ``Buffett Rule``, it is a class warfare tax whose roots are found in the Marxist handbook, and is designed by conniving politicians to buy the votes of one economic class by...

What percent of all tax revenues do high-income households pay?   Income Tax All Federal Taxes Top 1% ($344,000 +) 39.5% 28.1% Top 5% ($155,000 +) 61% 44.3% Top 10% ($112,000 +) 72.7% 55% Lower Half ($32,000 -) 2.4% 2.6% Middle Quintile ($65,000) 4.6% 9.2% All Households 100% 100% What is the average tax rate paid by high-income households?   Income Tax All Federal Taxes Top 1% ($344,000 +) 19% 29.5% Top 5% ($155,000 +) 17.6% 27.9% Top 10% ($112,000 +) 16.2% 26.7% Lower Half ($32,000 -) 1.9% 9.6% Middle Quintile ($65,000) 3.3% 14.3% All Households 9.3% 20.4% IRS Statistics...

Well, ok, since this has been floating around for a week or so now, we can finally get to the truth: the Buffet Rule is really more about spreading the wealth around. Just not that much wealth, according to the CBO, so it’s more symbolic of where we intend to go from here. So anyway, the “Buffet Rule” was never about paying down the deficit? It was about making life “fair” all along? The goal, Mr. Furman explained, is to establish a "a basic issue of tax fairness." ... ...On another front: all hell’s broken loose again with one of...

April 1, 2012 Board of Directors Berkshire Hathaway Inc. 3555 Farnam Street, Suite 1440 Omaha, NE 68131 Dear Members of the Board... ..."Compensation: "We believe that the board has conveniently chosen to maintain the status quo and ignore these critical issues in order to preserve the directors’ generous board fees, .... As a result, the board has stood by idly as the stock price has lagged the general market during the past three months... Given the directors’ excessive board fees and lack of economic ownershipin the business, it is not surprising that the Berkshire board has fought for years to...

There goes the Buffett rule. Remember that political gambit, in which billionaire Warren Buffett pretended he was going to pay a much higher tax bill and President Obama pretended that raising rates on millionaires would make a dent in his hemorrhaging budget deficits? In one fell swoop Wednesday, Congress's tax scorekeeper punctured both phony claims. The analysis from the Joint Committee on Taxation also showed less wealthy taxpayers why the Buffett ruse would eventually end up exposing them to higher taxes. With Mr. Buffett's help, Mr. Obama promoted the fairy tale that millionaires pay lower tax rates than their middle-class...

“The higher up in the tree the monkey goes, the more of his backside that shows,” goes the maxim. It would be hard to climb higher than Warren Buffett, the world's most celebrated investor. However, as the namesake of the Buffett Rule that imposes higher tax rates on the wealthy, Buffett and his backside dangle precariously “out on a limb.” Residing atop Buffett's tree is New Jersey Gov. Chris Christie, known to deliver the best rhetorical broadside, probably because of his broad backside. Last week, Christie buffeted Buffett, forcing him to Think Again. After two years of traumatic budget austerity,...

Warren Buffett's Greatest Fear: An Inevitable Nuclear, Chemical Or Biological Attack On The US Simone FoxmanFebuary 27, 2012In an hours-long interview with CNBC this morning, Warren Buffett admitted that his biggest fear for the U.S. economy is not growth, public debt, Europe, or any of the many threats that generally top economists' worry lists. It's actually a nuclear, biological, or chemical attack. Even so, an American baby is probably the luckiest person in the world today. From the interview: CNBC's Becky Quick: Overall you are very optimistic about the future not only of this country but of the stock market....

VIDEO AT THE LINK "He should just write a check and shut up. Really. And just contribute. I'm tired of hearing about it. If he wants to give the government more money, he's got the ability to write a check. Go ahead and write it," Gov. Chris Christie (R-NJ) said to CNN's Piers Morgan.

Say goodbye to the much-loathed Alternative Minimum Tax and hello to the Buffett Rule. Sweet relief. The AMT has perplexed taxpayers and agonized accountants for decades. But wait: Are the AMT and the Buffett Rule really so different? The two take aim at different types of tax avoidance, so the details have little in common. But the headline is the same: Both were designed to make sure that wealthy citizens pay their fair share of income tax -- without creating a tax monster that somehow reaches down to regular people. When the AMT came into being in 1969, rich people...

Berkshire Hathaway chairman and famous investor Warren Buffett has dismissed gold as a "valueless asset". Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value. In an article for Fortune magazine, Buffett said that gold investors were pinning their hopes on future demand. He warned that gold was a self-inflating bubble, created by investors desperate for a viable alternative to property and shares. The infamous investor warned that investors in gold would be left with egg on their face when the price eventually crashed. "Bubbles blown large enough inevitably pop," he said....

Gasparino actually said in plain English: 1. The 2008 Real Estate Bubble was caused in large part by the three ratings agencies 2. That Warren Buffet had ownership of Moody's and made millions at the time. 3. That the Lubrizol purchase was a continuation of a trend that Buffet has shown toward these sorts of ethical lapses in very large, economy moving transactions. So far, this is the very first time that anyone in the MSM has uttered such things, and the last place I thought I'd see it was on a Fox channel. Kudos to Gasparino for actually reporting...

Warren Buffet’s secretary, Debbie Bosanek, served as a stage prop for President Obama’s State of the Union speech. She was the President’s chief display of the alleged unfairness of our tax system – a little person paying a higher tax rate than her billionaire boss. Bosanek’s prominent role in Obama’s “fairness” campaign piqued my curiosity, and I imagine the curiosity of others. How much does her boss pay this downtrodden woman? So far, no one has volunteered this information. The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an...

People earning over $1 million per year should pay an effective tax rate of no less than 30 percent, President Obama said in his State of the Union address Tuesday night. The president laid down one of his most political markers of the annual policy speech by crafting what he called the "Buffett Rule," named after the famous billionaire investor. "Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30 percent in taxes," Obama said.