Warren Buffet is Right!! Raise Taxes on the Super Rich

[neverstoppers23]

maybe once again you need to read the article that Buffet wrote in the NY times. They have loopholes which would cause them not to pay any taxes at all..

That is complete bull shit. Complete bull shit, times 100. Seriously, that makes me so pissed off he would say dumb shit like that because a lot of people respect his opinion.

[rsnnh12]

The Clinton years showed the effects of a large tax increase that Clinton pushed through in his first year, and that Republicans incorrectly claim is the "largest tax increase in history." It fell almost exclusively on upper-income taxpayers.

Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted. But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while.

http://www.factcheck.org/2008/02/the...under-clinton/

PAUL KRUGMAN: I think the model is something like Clinton who, in fact, mostly was just riding on a successful economy that was successful mostly for reasons that had nothing much to do with him. But he was able to, to be a very popular president by presiding over that, by providing competent management on those things you could control. I think that is Obama's model now. It's, I'm not sure it will be enough cause this, we're in much deeper economic than we were in the '90s, but given the realistic political limits, you can't expect him to do too much.

[BookiesBernanke]

or just stop spending trillions of dollars on foreign wars

[neverstoppers23]

clinton raised taxes on the rich in 1993 and it had an immediate effect.

Come on now. Come on now. That wasn't THE ONLY REASON WHY, the booming tech bubble had a huge reason why when people were making great money. Also Clinton did have a republican controlled house, and they actually more power then Clinton on issues such as taxes , and financial issues so if you are going to just throw out credit give some credit to the republicans.

[neverstoppers23]

http://ntu.org/tax-basics/who-pays-income-taxes.html

[neverstoppers23]

Who Pays Income Taxes and how much?



Tax Year 2008

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$380,354

</td> <td valign="top" width="148">

38.02

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$159,619

</td> <td valign="top" width="148">

58.72

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$113,799

</td> <td valign="top" width="148">

69.94

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$67,280

</td> <td valign="top" width="148">

86.34

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$33,048

</td> <td valign="top" width="148">

97.30

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$33,048

</td> <td valign="top" width="148">

2.7

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table>

Tax Year 2007

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$410,096

</td> <td valign="top" width="148">

40.42

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$160,041

</td> <td valign="top" width="148">

60.63

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$113,018

</td> <td valign="top" width="148">

71.22

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$66,532

</td> <td valign="top" width="148">

86.59

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$32,879

</td> <td valign="top" width="148">

97.11

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$32,879

</td> <td valign="top" width="148">

2.89

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table>

Tax Year 2006

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$388,806

</td> <td valign="top" width="148">

39.89

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$153,542

</td> <td valign="top" width="148">

60.14

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$108,904

</td> <td valign="top" width="148">

70.79

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$64,702

</td> <td valign="top" width="148">

86.27

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$31,987

</td> <td valign="top" width="148">

97.01

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$31,987

</td> <td valign="top" width="148">

2.99

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table>

For Tax Year 2005

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$364,657

</td> <td valign="top" width="148">

39.38

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$145,283

</td> <td valign="top" width="148">

59.67

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$103,912

</td> <td valign="top" width="148">

70.30

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$62,068

</td> <td valign="top" width="148">

85.99

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$30,881

</td> <td valign="top" width="148">

96.93

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$30,881

</td> <td valign="top" width="148">

3.07

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table>

For Tax Year 2004

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$328,049

</td> <td valign="top" width="148">

36.89

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$137,056

</td> <td valign="top" width="148">

57.13

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$99,112

</td> <td valign="top" width="148">

68.19

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$60,041

</td> <td valign="top" width="148">

84.86

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$30,122

</td> <td valign="top" width="148">

96.70

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$30,122

</td> <td valign="top" width="148">

3.30

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table> For Tax Year 2003

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$295,495

</td> <td valign="top" width="148">

34.27

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$130,080

</td> <td valign="top" width="148">

54.36

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$94,891

</td> <td valign="top" width="148">

65.84

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$57,343

</td> <td valign="top" width="148">

83.88

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$29,019

</td> <td valign="top" width="148">

96.54

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$29,019

</td> <td valign="top" width="148">

3.46

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table> For Tax Year 2002

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$285,424

</td> <td valign="top" width="148">

33.71

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$126,525

</td> <td valign="top" width="148">

53.80

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$92,663

</td> <td valign="top" width="148">

65.73

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$56,401

</td> <td valign="top" width="148">

83.90

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$28,654

</td> <td valign="top" width="148">

96.50

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$28,654

</td> <td valign="top" width="148">

3.50

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table> For Tax Year 2001

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$292,913

</td> <td valign="top" width="148">

33.89

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$127,904

</td> <td valign="top" width="148">

53.25

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$92,754

</td> <td valign="top" width="148">

64.89

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$56,085

</td> <td valign="top" width="148">

82.90

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$28,528

</td> <td valign="top" width="148">

96.03

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$28,528

</td> <td valign="top" width="148">

3.97

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table>

For Tax Year 2000

<table align="center" border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$313,469

</td> <td valign="top" width="148">

37.42

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$128,336

</td> <td valign="top" width="148">

56.47

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$92,144

</td> <td valign="top" width="148">

67.33

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$55,225

</td> <td valign="top" width="148">

84.01

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$27,682

</td> <td valign="top" width="148">

96.09

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$27,682

</td> <td valign="top" width="148">

3.91

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

</td> </tr> </tbody> </table> For Tax Year 1999

<table align="center" border="1" cellpadding="0" cellspacing="0"><tbody><tr> <td valign="top" width="148">

Percentiles Ranked by AGI

</td> <td valign="top" width="148">

AGI Threshold on Percentiles

</td> <td valign="top" width="148">

Percentage of Federal Personal Income Tax Paid

</td> </tr> <tr> <td valign="top" width="148">

Top 1%

</td> <td valign="top" width="148">

$293,415

</td> <td valign="top" width="148">

36.18

</td> </tr> <tr> <td valign="top" width="148">

Top 5%

</td> <td valign="top" width="148">

$120,846

</td> <td valign="top" width="148">

55.45

</td> </tr> <tr> <td valign="top" width="148">

Top 10%

</td> <td valign="top" width="148">

$87,682

</td> <td valign="top" width="148">

66.45

</td> </tr> <tr> <td valign="top" width="148">

Top 25%

</td> <td valign="top" width="148">

$52,965

</td> <td valign="top" width="148">

83.54

</td> </tr> <tr> <td valign="top" width="148">

Top 50%

</td> <td valign="top" width="148">

$26,415

</td> <td valign="top" width="148">

96.00

</td> </tr> <tr> <td valign="top" width="148">

Bottom 50%

</td> <td valign="top" width="148">

<$26,415

</td> <td valign="top" width="148">

4.00

</td> </tr> <tr> <td colspan="3" valign="top" width="443">

Note: AGI is Adjusted Gross Income

</td></tr></tbody></table>

[crustyme]

You're right, the surplus had nothing to do with the great economy and controlled government spending... it was all the tax hikes

yeah, cause the boom in the economy just happened out of thin air.

after the passage of clinton's 'omnibus budget reconciliation act of 1993,' which passed without a single republican vote....


gdp gew 4.4% per year
unemployment fell from 6.8% to 3.9%
personal income grew 7.5% per year
industrial production gew 5.6% per year
house prices grew 4.75% per year
stock market grew 26.7% per year

there goes that idiotic neocon theory that tax hikes kill economies.

[pavyracer]

Warren Buffett is stupid. Guy managed to make 40 billion dollars from scratch. What does he know about running a business? He is asking people who make more than $1,000,000 a year and don't pay payroll taxes to finally pay some form of taxes. He is asking for too much. He should be hanged in the city square at high noon. How can he dare insulting the 0.3% of Americans who make more than $1,000,000 a year?

Stupid idiot bitch!

[rsnnh12]

yeah, cause the boom in the economy just happened out of thin air.

after the passage of clinton's 'omnibus budget reconciliation act of 1993,' which passed without a single republican vote....


gdp gew 4.4% per year
unemployment fell from 6.8% to 3.9%
personal income grew 7.5% per year
industrial production gew 5.6% per year
house prices grew 4.75% per year
stock market grew 26.7% per year

there goes that idiotic neocon theory that tax hikes kill economies.

Here ya go, little guy. I'll post this again for you. Krugman is a known liberal economist.

PAUL KRUGMAN: I think the model is something like Clinton who, in fact, mostly was just riding on a successful economy that was successful mostly for reasons that had nothing much to do with him. But he was able to, to be a very popular president by presiding over that, by providing competent management on those things you could control. I think that is Obama's model now. It's, I'm not sure it will be enough cause this, we're in much deeper economic than we were in the '90s, but given the realistic political limits, you can't expect him to do too much.

[rsnnh12]

Warren Buffett is stupid. Guy managed to make 40 billion dollars from scratch. What does he know about running a business? He is asking people who make more than $1,000,000 a year and don't pay payroll taxes to finally pay some form of taxes. He is asking for too much. He should be hanged in the city square at high noon. How can he dare insulting the 0.3% of Americans who make more than $1,000,000 a year?

Stupid idiot bitch!

Well, he didn't exactly do it from scratch... he had a lot of help/connections from his father.

You didn't answer this in the other thread.. why doesn't Buffett donate any money to the govt in his taxes every year?

[crustyme]

Here ya go, little guy. I'll post this again for you. Krugman is a known liberal economist.

PAUL KRUGMAN: I think the model is something like Clinton who, in fact, mostly was just riding on a successful economy that was successful mostly for reasons that had nothing much to do with him. But he was able to, to be a very popular president by presiding over that, by providing competent management on those things you could control. I think that is Obama's model now. It's, I'm not sure it will be enough cause this, we're in much deeper economic than we were in the '90s, but given the realistic political limits, you can't expect him to do too much.

who cares what 1 guy says? especially when he provides 0 evidence to back up his claim. facts say otherwise, don't it?

you also believe ben stein is a brilliant economist even though he famously declared that the large foreclosures in the subprime market would "blow over" and encouraged people to buy homes claiming that "people who buy now, in due time, will be glad they did."

[King Mayan]

Why should the super rich be punished for a government ran by mornons?

[King Mayan]

Warren Buffett is stupid. Guy managed to make 40 billion dollars from scratch. What does he know about running a business? He is asking people who make more than $1,000,000 a year and don't pay payroll taxes to finally pay some form of taxes. He is asking for too much. He should be hanged in the city square at high noon. How can he dare insulting the 0.3% of Americans who make more than $1,000,000 a year?

Stupid idiot bitch!

Usually billionaires from scratch are democrats and know about share sacrifice. The trust fund babies and "daddy buy me this" business men are the repubs, selfish bitches that just take and take, knowing nothing about back-breaking work.

And they got the backing of poor ignorant fukks that don't know how America became great.

[rsnnh12]

who cares what 1 guy says? especially when he provides 0 evidence to back up his claim. facts say otherwise, don't it?

you also believe ben stein is a brilliant economist even though he famously declared that the large foreclosures in the subprime market would "blow over" and encouraged people to buy homes claiming that "people who buy now, in due time, will be glad they did."

So you're saying you know more than Krugman, a Nobel prize winner and one of the most famous liberal economists ever?

I never said Stein was a brilliant economist, you mental midget. I just said he's much more educated on economics than people think. Another lie from crustyme. What a surprise

[TheCentaur]

Why should successful people be punished for the Government's bad policies and inefficiencies? How about the gov. is punished by downsizing and eliminating wastefulness and an inherently uninspired work force?

Although it may raise the funds, when you punish the successful you spit on the soul and spirit of what this country is a about.

[rsnnh12]

Usually billionaires from scratch are democrats and know about share sacrifice. The trust fund babies and "daddy buy me this" business men are the repubs, selfish bitches that just take and take, knowing nothing about back-breaking work.

And they got the backing of poor ignorant fukks that don't know how America became great.

You do know Buffett's father was a Republican congressman and investment/brokerage firm owner, right?

[King Mayan]

You do know Buffett's father was a Republican congressman and investment/brokerage firm owner, right?

read the first word in my paragraph USUALLY.

[rsnnh12]

read the first word in my paragraph USUALLY.

Sorry, I assumed you were talking about Buffett, since the post you were responding to was all about Buffett. My apologies.

[Bill Dozer]

Buffet knows that if there is no middle class his portfolio will suffer more than he'll pay in taxes. It's not an ethical thing. He didn't mind when the middle class had to pay for Chevy.

[opie1988]

Why should successful people be punished for the Government's bad policies and inefficiencies? How about the gov. is punished by downsizing and eliminating wastefulness and an inherently uninspired work force?

Although it may raise the funds, when you punish the successful you spit on the soul and spirit of what this country is a about.

Agree 100%. Excellent post.

[marcojuiceman]

I agree. The problem is that raising the taxes on the super rich is like slapping a band aid on a gunshot wound to the chest. It might make it look a little better, but doesn't address the real problem. I just want to see spending dealt with first, then revenue if needed

what are you afraid of? sounds like you are scared if you are $150,000 in debt including new home and auto. How the hell would you pay that in less than 25 years off? ok you would cut your miscellaneous spending, not take the kids out for there bday. eat bs food when you really want more, not go out for the evening for a long time. Right? but also (tax hikes) meaning you would work longer hours take on sports betting if you win, take another job and blah blah Right?? to pay down your debt so that means that you would have to get more money (Tax Hikes) again to pay off your debts faster Right?? thats the same with the US its a business pay off debt (tax hikes) and cut spending Right?? common sense People stop been one sided get out of your old ways DAm

[marcojuiceman]

Agree 100%. Excellent post.

how the hell are they punished? do you want the US to be like Europe, Syrian or Liyba? Fighting, killing rioting well if you want it like that start the fire buddy

[shady610]

It's not the time to raise the taxes for the rich it's time to kiss there asses and hope they pump more money expanding there business.

Give them to incentive to build jobs and not hoard.

[rsnnh12]

what are you afraid of? sounds like you are scared if you are $150,000 in debt including new home and auto. How the hell would you pay that in less than 25 years off? ok you would cut your miscellaneous spending, not take the kids out for there bday. eat bs food when you really want more, not go out for the evening for a long time. Right? but also (tax hikes) meaning you would work longer hours take on sports betting if you win, take another job and blah blah Right?? to pay down your debt so that means that you would have to get more money (Tax Hikes) again to pay off your debts faster Right?? thats the same with the US its a business pay off debt (tax hikes) and cut spending Right?? common sense People stop been one sided get out of your old ways DAm

You really don't understand the severity of the issue. We are outspending our revenue by roughly 50% this year. 50 fuggin percent. How much do you think we can raise taxes and continue spending at this level? Do you want a 90% tax rate for all Americans?

Until we address the absurd spending, there is literally no reason to discuss tax hikes, because they wont make a damn bit of difference. That's all there is to it. The numbers don't add up.

[marcojuiceman]

It's not the time to raise the taxes for the rich it's time to kiss there asses and hope they pump more money expanding there business. Give them to incentive to build jobs and not hoard.

The proof the 3rd richest man just laid out tax the rich and stop all this crying. The time is Now

[King Mayan]

It's not the time to raise the taxes for the rich it's time to kiss there asses and hope they pump more money expanding there business.

Give them to incentive to build jobs and not hoard.

+8 years of low taxes and no jobs..... Yes let's give them our asses too. Low taxes don't work. No incentive to create jobs, just sitting on cash.

[marcojuiceman]

again the 3rd richest man in the world said it that common and sense enough. Do you want riots and fights against your local govt. Tax hike for the rich would be good they dont really pay shit because of the Bush loopholes

[rsnnh12]

+8 years of low taxes and no jobs..... Yes let's give them our asses too. Low taxes don't work. No incentive to create jobs, just sitting on cash.

You do know that tons of jobs were created under Bush, right?

[rsnnh12]

again the 3rd richest man in the world said it that common and sense enough. Do you want riots and fights against your local govt. Tax hike for the rich would be good they dont really pay shit because of the Bush loopholes

You have no idea what you're talking about. The Bush tax cuts benefited the lower and middle class just as much, if not more than the rich.

Answer this question. Why doesn't Buffett donate extra money to the govt at tax time? There's a line on the tax form for it. And yes, there is an answer to this question

[marcojuiceman]

You have no idea what you're talking about. The Bush tax cuts benefited the lower and middle class just as much, if not more than the rich. Answer this question. Why doesn't Buffett donate extra money to the govt at tax time? There's a line on the tax form for it. And yes, there is an answer to this question

Why does the 3rd richest man step up and tell the truth and you still dont get it... You are not rich by any means but you support wealth which is good. No problem with rich sorry Mega Rich people who doesnt want to see the US prosper. What will happen with the Rich take there money and hold it? lets see third world countries again are you looking at what is going on in other countries or Are you just talking? Example Riots, fights,mayhem. The leaders of other countries pay there people $50 a month sometime and get little support from the rich so what is happening Now? Take a Look

[rsnnh12]

Why does the 3rd richest man step up and tell the truth and you still dont get it... You are not rich by any means but you support wealth which is good. No problem with rich sorry Mega Rich people who doesnt want to see the US prosper. What will happen with the Rich take there money and hold it? lets see third world countries again are you looking at what is going on in other countries or Are you just talking? Example Riots, fights,mayhem. The leaders of other countries pay there people $50 a month sometime and get little support from the rich so what is happening Now? Take a Look

Ummm, what?

Thanks for answering my question, by the way

[marcojuiceman]

When the rich hold their money and let others starve What the hell you think is going to happen if your little ones is starving?? and the Rich hold all the food and water in their possession What are you going to do?

[rsnnh12]

When the rich hold their money and let others starve What the hell you think is going to happen if your little ones is starving?? and the Rich hold all the food and water in their possession What are you going to do?

You do know this isn't Somalia, right?

[marcojuiceman]

You do know this isn't Somalia, right?

it doesnt have to be look at our allies Europe

[marcojuiceman]

You do know this isn't Somalia, right?

also with the rich not helping it could be one day