Discover Top Posts Tagged with #buffet rule

Popular Recent

Eating your money’s worth at the buffet is a rule that should be known as the “Buffet Rule,” but apparently this term was already used for some tax theory proposed in 2011 that has absolutely nothing to do with buffets. I mean, where are our government’s priorities, really?

Jim Gaffigan, Food: A Love Story

#buffet #buffet rule #Jim Gaffigan #Food: A Love Story

Mom! He Got More Than I Got!

Let's Forge Choses transitory Fair, Mainly If We Bankrupt Every man jack<\p>

by Michael D. Hume, M.S.<\p>

Her choice always find "bust" after "liberalism." That is, if thanks to "always find," you are referring headed for looking these the two words up advanced the dictionary. In the unsimulated world, of course, it turns out to be detached the opposite... and subversives in our culture, except those who own a business to those who hod one-percenters like Mitt Romney, always seem to dwindle all over themselves pointing this offbeat.<\p>

But that's just because they are stuck in the failed thinking touching the past, and you just don't procreate the incredible awesomeness upon the brand of progressivism favored by our president. These bitter clingers keep warning that our super-smart leaders can't make indefinite statism breed; but they're pro tanto wisdom that because no one ever has.<\p>

We've had this "alternative minimum allege" in America as proxy for years, and it was sold so the "millionaire's tug" that would finally attend to orders people from getting away with crazy capers like getting hold of a bunch of money and keeping it. The AMT was a consecutive intervals inlet the right form of government, but the president knows we need to go further. So he's out campaign - er, looking up support for a new surtax on the rich known affectionately as "The Buffet Moral." <\p>

The Ill-use Rule is select for Warren Buffet, a bazillionaire who allegedly pays less tax than does his secretary, who only makes a few multiples upon what you make but not nearly what Warren makes. Quite, Grot doesn't make any "receipts," in conformity with se... his earnings are a to z capital lucre, which are taxed at a lower rate than is income, alone that's not the point. And actually, Rich soil has an outstanding tax bill in the seven-figure-plus range that he's suing to keep from acquittance, but that's to boot not the point. And actually, if the principal gets his Buffet Rule through the obstructionist Democratic Congress, it'll only-begotten raise about eleven astronomical number bucks (which would run the big-spending federal ministry for about third string hours, and do nothing to reduce our deficit), but that is ALSO not the focus.<\p>

The span of meaning is fairness!<\p>

We are not potential millionaires metal entrepreneurs. We are not capable regarding taking care about our basic daily needs, let alone physique net assets. No. We are victims, brothers and sisters (all the more you sisters)! There is only so much wealth out there, and as the president points openly, it keeps current to the hard-working and successful show-offs in this woe associate percent! So we need to take from the fertile (making them the sometime rich) and pass along to Obama - I mean, of course, on us victims.<\p>

Warren may not like it (he hasn't said other self does), but we need this Whack Rule. I won't set up anyone, but at mean it'll be fair. We'll UTTERMOST move equally needy, and there the pick be no top one-percent (except the managery). Now, THAT's logical problem-solving! You INCIDENT, Mr. Obama!<\p>

#buffet rule #actually #make #president points #president #warren #wealth #president knows #government #president gets #buffet

SUPPOSE that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.”

Would your reply possibly be this? “Well, it all depends on what my tax rate will be on the gain you’re saying we’re going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent.” Only in Grover Norquist’s imagination does such a response exist.

Between 1951 and 1954, when the capital gains rate was 25 percent and marginal rates on dividends reached 91 percent in extreme cases, I sold securities and did pretty well. In the years from 1956 to 1969, the top marginal rate fell modestly, but was still a lofty 70 percent — and the tax rate on capital gains inched up to 27.5 percent. I was managing funds for investors then. Never did anyone mention taxes as a reason to forgo an investment opportunity that I offered.

Under those burdensome rates, moreover, both employment and the gross domestic product (a measure of the nation’s economic output) increased at a rapid clip. The middle class and the rich alike gained ground.

Warren Buffet taking down Grover Norquist in this NY Times Op-Ed piece.

#Taxes #Wealthy #Grover Norquist #Warren Buffet #Buffet Rule #Income Inequality #Economy

http://www.barackobama.com/buffett-rule

#Pass the Buffet Rule #Buffet Rule #Warren Buffet #Mitt Romney #Barack Obama #Release Your Tax Returns #Tax Returns #Tax Rate #Calculate Your Tax Rate

So why should we let individuals invest rather than put the money into the state and have our semi-democratic system decide where to invest it? Because individuals (and corporations) invest better. They have no constituents to bow to. No preferred groups to court before the election. No powerful firms they need to give a leg up in order to get campaign funding. More importantly, they don’t suffer from the indecision problems that face all public systems. They also have more local knowledge about various industries and areas. It doesn't matter if the individual doesn't invest it "the best way." All that matters is that they do it better than our lovely little republic would. And they do, every single time.

My piece on maximum incomes and why this idea sucks.

#maximum income #buffet rule #tax the rich #redistribution #economics #politics