Biden calls TEa Party "'terrorists"
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pavyracerSBR Aristocracy
- 04-12-07
- 82727
#141Comment -
pavyracerSBR Aristocracy
- 04-12-07
- 82727
#143You can do both effectively. All you have to do is tax everyone who makes more than $1,000,000 an extra 5% in taxes and every corporation who makes more than $100 million in profit every year an extra 10%.
So you reduce military spending by 25%, you reduce welfare by 25%, you reduce government employees by 25% plus the minimal taxes the wealthy need to pay and you fix the problem.The latest news and headlines from Yahoo News. Get breaking news stories and in-depth coverage with videos and photos.
Buffett calls for more taxes on 'mega rich'
<CITE class="byline vcard">By The Associated Press | AP – <ABBR title=2011-08-15T12:43:04Z>14 mins ago</ABBR></CITE>
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Billionaire investor Warren Buffett is calling on the so-called mega-rich to pay more in taxes.
Buffett says in a New York Times opinion piece that he would immediately raise rates on households with taxable income of more than $1 million, and he would add an additional increase for those making $10 million or more.
He says he and his mega-rich friends have been coddled long enough by Congress, and says it is time for the government to get serious about shared sacrifice.
He says he has yet to see anyone shy away from investments due to potential capital gains taxes, even when capital gains rates were much higher in the mid-1970s.
Last edited by pavyracer; 08-15-11, 08:18 AM.Comment -
ACoochySBR Posting Legend
- 08-19-09
- 13949
#144http://news.yahoo.com/buffett-calls-...124126490.html [B]
Warren Buffett read my post at Players Talk.Comment -
jarvolSBR Hall of Famer
- 09-13-10
- 6074
#145Nothing is currently nor has previously prevented Buffett from donating more of his money to the federal government.Comment -
pavyracerSBR Aristocracy
- 04-12-07
- 82727
#146..Buffett noted that the mega-rich pay income taxes at a rate of 15 percent on most investment income but practically nothing in payroll taxes. The middle class, meanwhile, typically falls into the 15 percent and 25 percent income tax brackets and is hit with heavy payroll taxes. He said Washington legislators "feel compelled to protect us, much as if we were spotted owls or some other endangered species."..
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Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#147What does Crazy Uncle Joe think about Berkeley last night ?Comment
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