To point out something important, Buffett mentions that, under higher taxes, and more regulation in the past, he was not aware of anyone stopping because of this, despite the claim often made by people.
Registered User
To point out something important, Buffett mentions that, under higher taxes, and more regulation in the past, he was not aware of anyone stopping because of this, despite the claim often made by people.
Banned
Buffett has not ran a munafacturing business I don't believe. Isn't he a lifelong investor?Originally Posted by Taixuquan99
Banned
I have no idea what you're talking about here. None whatsoever.
Can you give me any examples and tell me what law you are referring to?
LMFAO!!!
The only people who are seeing less regulation are the ones who moved operations to China or India. Not to be rude, but it's almost like you live in a completely different world.
Banned
The Top 1% of wage earners pay 39% of all Federal income taxes. You say they don't pay enough. So how much is enough in your eyes?
Registered User
The intent of the deal wasn't bad, if was to help small businesses, I don't recall the break you got, but it was a substantial tax break related to the purchase of a work vehicle. Unfortunately, everyone was a bit to enamoured of all the huge trucks they didn't need, everyone I knew who got the break got a ridiculous vehicle, then, predictably, gas prices went up, then the economy got dodgy, in every case I've seen, the break ended up costing them in the long run, because of their own greed.(I do blame Americans for their own part of the problem).
You are saying that regulation has increased since the eighties, even while everyone else is saying that regulation decreased during the same timeframe.
LMFAO!!!
The only people who are seeing less regulation are the ones who moved operations to China or India. Not to be rude, but it's almost like you live in a completely different world.
Registered User
They should pay at least the same percentage of THEIR OWN income taxes as everyone else. Don't figure from the total, but from their income, that's why it's income tax.
Registered User
I will give cudos to all for totally not pointing out that Warren Bussett sounds like a type of girdle.
Banned
Can you give me the name of the legislation please? I've never heard of this, so I'd like to see what law(s) you are referring to.
Depends on the industry. The regulations for building/operating manufacturing facilities is more regulated now. Now regulations concerning banking and home loans was indeed deregulated in the 1990s under Bill Clinton.
Banned
You do realize that we do have tax brackets based on income, right? And that it is set up so the more you make the higher the bracket you fall into.
And again, I've shown that CUTTING taxes results in the rich paying a higher share of the tax burden. So if you want that, history show that CUTTING taxes will achieve that result. So why are you against doing something that results in exactly what you want to see happen?
Itinerant practitioner
Tax wealth, not income. It's that simple.
A great American (who I credit at the end of the quote) once said:
"Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires." -- John Steinbeck
The middle class support the nation and it supports the billionaires.
Time to give back and Warren is right.
Kung Fu is good for you.
Registered User
Not quite that simple once we're talking about some "persons"
http://www.nytimes.com/2011/05/03/bu...y/03rates.html
Again, you talk as if one can endlessly cut taxes without ever running into problems. Is there or isn't there a minimum tax rate below which the tax ceases to fulfill its role?And again, I've shown that CUTTING taxes results in the rich paying a higher share of the tax burden. So if you want that, history show that CUTTING taxes will achieve that result. So why are you against doing something that results in exactly what you want to see happen?
Itinerant practitioner
Kung Fu is good for you.
Banned
We already do that. It's called the Inheritance Tax.
Banned
No I do not. I've never called for repeated tax cuts over and over. I know what a Bell Curve is, so I understand at a certain point you will get less in tax receipts. But at the point we are at now, a large income tax cut would help the economy get moving.
As to removing taxes, I am for getting rid of the Capitol Gains Tax. We already pay Income Taxes, so this is not needed. And if you cut or repeal the Capitol Gains Tax, you will see money flow into the stock market very quickly.
I do have one question for you. How was the community organizer's 'stimulus' supposed to work? Or put another way, what was theory behind the 'stimulus' money getting the economy moving again?
Registered User
What about hedge fund or private equity managers? Their income is treated as capital gains. So, should they not be taxed at all?
1bad65, you make me laugh. Dare I say it? You seem to be suffering from ODS (Obama Derangement Syndrome).
"I didn't vote for him but he's my president, and I hope he does a good job." - John Wayne
Clearly you want President Obama to fail, or else you wouldn't bring up every little thing you can to try and discredit him and his Administration. You seems to be actively hoping for failure.
Perhaps you can take a lesson from The Duke.
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