Buffett Rule
 

Can anyone explain why we should not tax millionaires 30 percent?

Re: Buffett Rule
 

Well, that seems awfully generous; Roosevelt got 91%.

Re: Buffett Rule
 

Can you expound as to why we should?

Do you understand who the taxes go to?

Re: Buffett Rule
 

Because our problem is not a tax problem. Our problem is a spending problem. Jeffery Neely at the GSA took 131 trips costing taxpayers $100,000. He threw a conference in Las Vegas that cost $825,000. We give Solyendra $500 million dollars and they go bankrupt. We throw money at solar power that produces bankrupt companies, throw money at "shovel ready" jobs that never materialize (Obama admitted that himself), we force Obamacare on the American public against overwhelming numbers that say Americans are against it and it is projected to add another trillion dollars to the national debt, we add $5 trillion to the national debt in less than four years (a record).

AND YOU THINK IT'S A GOOD IDEA TO GIVE OBAMA AND THE FEDS MORE MONEY? The blind loyalty to this man and this party makes absolutely no common sense.

Re: Buffett Rule
 

agree
:highfive

when your outgo
exceeds your income
then your upkeep
is due for a let down.

the only way the guvmint can give money to one person
is to take it from another person

Re: Buffett Rule
 

What would happen if everyone who received income of any amount --from $1.00 a year to a gazillion dollars a year --paid the same rate on that income and NO deductions, loopholes, etc. were allowed to bring it down to "taxable income" to compute taxes on?

Re: Buffett Rule
 

Forget how money is squandered by government for a minute. I don't think that is the question here. I have the same question. Can anyone explain in logical, simple terms why the wealthy should not pay at the same rate as others. I am not an economist, so I don't claim to know the answer here.
Also explain why so many people who are not in that category are so adamant that the wealthy do not pay at that level.

Re: Buffett Rule
 

All those IRS agents and Tax Accountants would be out of a job.....:nod

Re: Buffett Rule
 

At a campaign rally Wednesday afternoon, former House Speaker Newt Gingrich blasted the “Buffett Rule” President Obama proposed in his State of the Union address Tuesday night.

“I watched the president and … he said one thing which I want to directly challenge the White House about today because I’m not sure he understood what he was saying,” Gingrich said at the beginning of his address to a crowd of several hundred people.

“I know you could say that about large parts of his speech, but I want to focus on one part. When he proposed a 30 percent minimum tax, if he actually means it, that would double the tax on capital gains. That would drive the stock market down. It would affect every pension plan in the country. It would affect every 401k in the country. It would lead people to invest outside the United States. It would stop capital formation. It would block the development of new companies and it would be about as big a job killing proposal as any president has ever made.”

“Now I’m hoping the White House is going to clarify today that 30 percent didn’t mean 30 percent because if it meant 30 percent that would be so stupid even they couldn’t defend it,” Gingrich added.

“But if in fact it does mean 30 percent, every American needs to understand the president last night proposed doubling the tax on capital gains which is the engine which drives job creation in the United States so he is talking killing job creation in America — something he’s been really good at doing for three years and now wants to continue.”

http://dailycaller.com/2012/01/25/gi...d-it%E2%80%99/

Re: Buffett Rule
 

Forget the actual number or percentage and forget Warren Buffett and his rule. My question is what is the argument for the wealthy to not pay at the same rate as those not wealthy?