i say if buffet wants to pay more taxes... put your money where your mouth is
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Atlanta protest thing
- Thread starter ATLEMT
- Start date
I would bet that the majority on this sight pay little to no taxes. Especially with the child/ dependent tax credits.
If your return was more than your bottom line taxes, you did not pay Federal taxes.
The highest federal tax rate is not as high as 35%.
If your return was more than your bottom line taxes, you did not pay Federal taxes.
The highest federal tax rate is not as high as 35%.
strange i keep hearing most people pay little taxes but i paid quite a bit last year, paid in around 7k got 400 back
I think an easy way to get Warren to shut his yapper is for the IRS to collect the billions in taxes his company still owes. I think too that a progressive tax rate on capital gains would satisfy me and most others who find the protests ridiculous but still hate the governments' methodology for encouraging investment. What scares me is the effect the progressive rate would have on my 401K as all the extremely wealthy pull their money out of the market and it spirals downward.
I had a guy who worked for me who bragged about getting more "back" than he paid through earned income tax credit. This would make his effective tax rate negative right? He is not alone with this earned income tax credit crap, but I guess I am evil and should have paid more.
Well he doesn't really look like your average Bavarian
On 80k I paid 10.38%.
That's married, filing joint, standard deduction and 2 exemptions. Anyone who argues that you should pay a greater PERCENTAGE based on income is a socialist if not a communist..or at least an idiot. Flatten the percentage and pass a constitutional amendment locking the rate in. Then make the government live within that income limit with no possibility of raising the percentage. Eliminate ALL exemptions, loopholes and shelters so that every dollar earned in America is taxed the same no matter who or what person, organization or group earns it. That includes charities, corporations, private citizens and religious groups(churches).
Now THAT would be fair.
That's married, filing joint, standard deduction and 2 exemptions. Anyone who argues that you should pay a greater PERCENTAGE based on income is a socialist if not a communist..or at least an idiot. Flatten the percentage and pass a constitutional amendment locking the rate in. Then make the government live within that income limit with no possibility of raising the percentage. Eliminate ALL exemptions, loopholes and shelters so that every dollar earned in America is taxed the same no matter who or what person, organization or group earns it. That includes charities, corporations, private citizens and religious groups(churches).
Now THAT would be fair.
You're full of sh*t up to your eyeballs. Learn the basics of finance before you comment on how money works. He paid 17% overall average, meaning that the vast majority of his earnings (capital gains) were taxed at 15%. However, he does receive some compensation from Berkshire Hathaway which is taxed at the rate coinciding with his respective income bracket. In turn, it offsets the 15% to a slightly higher rate. I don't expect you to understand though. All you care about is STEALING other peoples' personal property.
