FACT CHECK: Are rich taxed less than secretaries?

[The Troll]

  Another thing I was thinking about.  Say we have a couple that make together $10 million a  year.  They both deside that for 5 years they were going to live like middle class people.  They sell every thing, which would be tax free to them.

  They rent where they live, lease a car and just eat and live like the rest of us.  Just how much money would these people pay in taxes.  In five years they would make one hell of a lot of money.  This Fair tax takes for granted that the rich will continue to live as high as they are now.

  If there is way to cheat on the money the rich makes and the things the rich buy, THEY WILL CHEAT! 

[me]

  Another thing I was thinking about.  Say we have a couple that make together $10 million a  year.  They both deside that for 5 years they were going to live like middle class people.  They sell every thing, which would be tax free to them.

  They rent where they live, lease a car and just eat and live like the rest of us.  Just how much money would these people pay in taxes.  In five years they would make one hell of a lot of money.  This Fair tax takes for granted that the rich will continue to live as high as they are now.

  If there is way to cheat on the money the rich makes and the things the rich buy, THEY WILL CHEAT! 

Lets say you sell everything you have and decide to live like a lower middle class income person for 5yrs.  What you sell would be tax free to you and in 5yrs you would make a hell of a lot of money so what's yer point.  No one whether rich or poor should have to pay taxes on anything they own which they decide to sell. 

Ya'll just don't seem to understand that raising taxes on the uber rich just ain't gonna get it.  Sooner or later they're gonna come after everyone and my bet is on sooner.   

And one more news flash for you Troll, there are tax cheats in every income level, just look at all the dems in congress and some of Obama's appointee's they've caught lately who didn't pay taxes and haven't for years.  That in itself was a chunk of change.

[Anne]

I doubt if anyone who made that much money would ever last more than a month. Too much work.

[Exterminator]

Ya'll just don't seem to understand that raising taxes on the uber rich just ain't gonna get it.

Get over yourself.  You are not nor will you ever be uber-rich, don't hang out with anyone uber-rich nor do the uber-rich want anything to do with you.  Neither am I but the difference between us is that you defend these people who would pass you around like a joint on the Dennis Hopper estate as a cheap whore to 80 year-olds to make a dollar.  You're seriously delusional if you think any one of them gives a crap if you live or die.  What an idiot...

[me]

Get over yourself.  You are not nor will you ever be uber-rich, don't hang out with anyone uber-rich nor do the uber-rich want anything to do with you.  Neither am I but the difference between us is that you defend these people who would pass you around like a joint on the Dennis Hopper estate as a cheap whore to 80 year-olds to make a dollar.  You're seriously delusional if you think any one of them gives a crap if you live or die.  What an idiot...

What has that got to do with the fact that raising taxes on just the rich ain't gonna help a damn  thing?  You are delusional if you thing the middle class, upper or lower, are not going to get a tax increase.  It may not be called a tax increase but will be disguised as some sort of "fee" that you will gladly and blindly go along with.  You're talkin' like raising their tax rate to, say 75%, will save your sorry ass and it won't.

[Exterminator]

My sorry ass doesn't need saved; yours does.

[Palehorse]

All this jabbering about increasing taxation not he rich not doing anything. Really?

Seems to me the CUT we gave them years ago, and still give them, is directly responsible for a large chunk of the deficit we are experiencing, and for the spending we now have to do in order to shore up our nation's finances!

[me]

My sorry ass doesn't need saved; yours does.

Whatever grasshopper.

[The Troll]

Get over yourself.  You are not nor will you ever be uber-rich, don't hang out with anyone uber-rich nor do the uber-rich want anything to do with you.  Neither am I but the difference between us is that you defend these people who would pass you around like a joint on the Dennis Hopper estate as a cheap whore to 80 year-olds to make a dollar.  You're seriously delusional if you think any one of them gives a crap if you live or die.  What an idiot...

  Isn't it amazing the under Eisenhower who had a 90% tax of the rich the country BOOMED!

  Under Clinton who lowered the tax to 50% the country BOOMED!  Under George W. who lowered the Tax to 38% the country fell on it's ass.

  You can't have a prosperous county unless the rich is paying their fair share of taxes.  They got rich of the back's and pockets of American workers, they GOT TO PAY THEIR TAXES. 

[me]

  Isn't it amazing the under Eisenhower who had a 90% tax of the rich the country BOOMED!

  Under Clinton who lowered the tax to 50% the country BOOMED!  Under George W. who lowered the Tax to 38% the country fell on it's ass.

  You can't have a prosperous county unless the rich is paying their fair share of taxes.  They got rich of the back's and pockets of American workers, they GOT TO PAY THEIR TAXES. 

Whatever you say grasshopper.

[Henry Hawk]

http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html
interesting...


Warren Buffett Does Not Endorse WH's "Buffett Rule" 



CNBC: "Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? "

Warren Buffett: "Well, the precise program which will -- I don't know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won't change. Make $50 million a year appearing on television, his income won't change. But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay."

CNBC: "Does that mean you disagree with the president's new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000."

Buffett: "That's another program that I won't be discussing. My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people. It would probably apply to 50,000 people in a population of 300 million."

[The Troll]

http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html
interesting...


Warren Buffett Does Not Endorse WH's "Buffett Rule" 



CNBC: "Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? "

Warren Buffett: "Well, the precise program which will -- I don't know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won't change. Make $50 million a year appearing on television, his income won't change. But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay."

CNBC: "Does that mean you disagree with the president's new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000."

Buffett: "That's another program that I won't be discussing. My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people. It would probably apply to 50,000 people in a population of 300 million."

  I think it is great.  One thing Hawk, I know that with your pay from that second rate company you won't be affected in this new tax rate.  

  But your the brainy one who thinks that the Flat Tax is what the working people need.   

[Palehorse]

http://www.realclearpolitics.com/video/2011/09/30/warren_buffett_does_not_endorse_buffett_rule.html
interesting...


Warren Buffett Does Not Endorse WH's "Buffett Rule" 



CNBC: "Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? "

Warren Buffett: "Well, the precise program which will -- I don't know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won't change. Make $50 million a year appearing on television, his income won't change. But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay."

CNBC: "Does that mean you disagree with the president's new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000."

Buffett: "That's another program that I won't be discussing. My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people. It would probably apply to 50,000 people in a population of 300 million."

Nothing more than republican spin that takes Mr. Buffett's statements out of context and exercises undue license to inject meaning(s) that isn't/aren't there in the first place. All the while totally ignoring the opening phrases that clearly indicate that Mr. Buffett does not know what the plan is, and "won't be discussing it".

Nice try though. . .

[The Troll]

  What we need is a FLAT TAX.  That way the rich and the corporations will not have to pay on Capital Gains, Royalties, Interest.  WOW, just what the Rich want!                                            and                                   Right Hawk?   

[me]

  What we need is a FLAT TAX.  That way the rich and the corporations will not have to pay on Capital Gains, Royalties, Interest.  WOW, just what the Rich want!                                            and                                   Right Hawk?   

But they will be contributing more because they will be buying more expensive things.  Also everyone will be paying and not just a select few and it will be impossible for anyone to cheat.