Lets have a real Buffet tax

[tntrex]

obama supporters love you

 

[LightningCrash]

This is what is wrong with this country. The fact that people want to "punish" the wealthy with taxes simply for being wealthy. Its jealousy, and greed. Simple greed of the less fortunate, not the more fortunate. The idea that if someone is has a lot of wealth must mean that there is less wealth for the rest of us, is absurd and completely untrue.

Bill Whittle has an excellent video on the subject. (ALL his videos are good, if you have the time to watch them..)
http://www.youtube.com/watch?v=KkXI-MNSb8Q

What tax is suitable, in your mind?

Let me guess...you vote Democrat?

Bring your A-game, man. You can come up with a better response than that.

 

[338Shooter]

What tax is suitable, in your mind?



Bring your A-game, man. You can come up with a better response than that.

Read my lips: No new taxes.

 

[LightningCrash]

Read my lips: No new taxes.

So the status quo is good? No changes up or down?

 

[338Shooter]

So the status quo is good? No changes up or down?

I don't like stratus quo. Sounds evil.

 

[ahamay6]

I have never agreed with taxing the rich at higher rates. What I don't agree with and in my opinion the flaw in the system is that the richer you are, the better the CPA they can afford to find the loop holes that often leave them paying a much lower tax rate than people making very little. For example s-corps that allow them to be paid in virtually untaxable dividend payments. What I believe in is a flat tax. No deductions no write offs, no loopholes and most importantly, no IRS. If everyone paid the same percentage of every dollar made, all the .gov would need is a big computer and an it department to collect it. Now, I do understand that a flat tax is unconstitutional, but so is our current system. So if we're not gonna play by the rules of the system set in place for us in the beginning, I say we break the rules right.

 

[TwoForFlinching]

I have never agreed with taxing the rich at higher rates. What I don't agree with and in my opinion the flaw in the system is that the richer you are, the better the CPA they can afford to find the loop holes that often leave them paying a much lower tax rate than people making very little. For example s-corps that allow them to be paid in virtually untaxable dividend payments. What I believe in is a flat tax. No deductions no write offs, no loopholes and most importantly, no IRS. If everyone paid the same percentage of every dollar made, all the .gov would need is a big computer and an it department to collect it. Now, I do understand that a flat tax is unconstitutional, but so is our current system. So if we're not gonna play by the rules of the system set in place for us in the beginning, I say we break the rules right.

Russia has a flat tax... And they struggle

 

[Fatboy Joe]

I have never agreed with taxing the rich at higher rates. What I don't agree with and in my opinion the flaw in the system is that the richer you are, the better the CPA they can afford to find the loop holes that often leave them paying a much lower tax rate than people making very little. For example s-corps that allow them to be paid in virtually untaxable dividend payments. What I believe in is a flat tax. No deductions no write offs, no loopholes and most importantly, no IRS. If everyone paid the same percentage of every dollar made, all the .gov would need is a big computer and an it department to collect it. Now, I do understand that a flat tax is unconstitutional, but so is our current system. So if we're not gonna play by the rules of the system set in place for us in the beginning, I say we break the rules right.

This is incorrect. The S-corp election allows the income to only be taxed once instead of twice like in a C-corp environment. The s-corp shareholder gets taxed on their share of the companies earnings no matter how much of a distribution they take. Most of the time the distribution is less the actual earnings they are picking up. The dividend payment to them is also not a deduction for the s-corp.

 

[DDriller]

Tax unrealized capital gains. Any thing over $2000000 PER YEAR is taxed at a % 89 tax rate no loop holes no deductions.
Call it the real buffet rule.

Now why do you want to take my hard earned money? LMAO

 

[rebelracer79]

Fair Tax...