Warren Buffett says rich should pay more taxes


By tovarichpeter   Follow   Mon, 26 Nov 2012, 8:34am   514 views   9 comments
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http://www.nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?hp&_r=0&gwh=EDBC222439470FC2EEE2773AF11C90BC

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  1. iwog


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    1   8:35am Mon 26 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike (1)   Protected  

    Warren Buffett is right.

  2. zzyzzx


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    2   10:08am Mon 26 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike  

    I think Warren Buffet should pay more taxes.

  3. tatupu70


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    3   4:31am Tue 27 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike  

    zzyzzx says

    I think Warren Buffet should pay more taxes.

    So does Warren. That's the point.

  4. dodgerfanjohn


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    4   6:05am Tue 27 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Then cap deductions on income tax@ $25K + raise the captial gains tax to 25 or 28%.

    Funny how people want the "rich" taxed but somehow are not on board with this very simple concept.

    Otherwise rich people are just going to do what they did in the late 1970's when the marginal tax rate was 70%...they'll find investment loopholes and avoid the high tax.

    Buffet is full of shit if he wants us to believe he kept investing away, all the while paying a 70% tax rate on those investments.

  5. upisdown


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    5   6:48am Tue 27 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Warren Buffett says........................

    His money is in a charitable remainder trust, and it doesn't look like he's about to suddenly change his spending patterns or habits. He can say whatever he wants, and claim who knows what, as it won't change much of his personal wealth. His business interests will adjust and/or adapt, and will lobby for some other type of preferential treatment to keep raking it in.

    Just because he's stinking rich doesn't mean that we have to listen to EVERY word that he says. Maybe he should just go back on CNBC and answer some more stupid questions, like where he gets his hair cut and how much it costs, if he wants to inflate his ego some more.

  6. tatupu70


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    6   7:12am Tue 27 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    upisdown says

    Just because he's stinking rich doesn't mean that we have to listen to EVERY word that he says

    Nope, of course not. But, in this case, he's right. So we should listen.

  7. upisdown


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    7   7:20am Tue 27 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Would Buffett still feel the same way about other things that might squeeze his nads a little and that should also be done? How about the cap on Social Security on income?tatupu70 says

    Nope, of course not. But, in this case, he's right. So we should listen.

    We already know what amounts and where tax money has to come from, and Buffett saying it doesn't make it right, or MORE right.

  8. tatupu70


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    8   7:52am Tue 27 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    upisdown says

    We already know what amounts and where tax money has to come from, and Buffett saying it doesn't make it right, or MORE right.

    Again, Buffet saying it doesn't make it right. Buffet says it BECAUSE it is right.

  9. TechGromit


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    9   7:56am Tue 27 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Unfortunately raising the tax on the rich isn't going to be enough to balance the budget. It will certainly help, but it's not a cure all. I don't think a 30% tax rate on investment income over 1 million dollars is going to be too much of a hardship for anyone.

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