FORUMS BROKERS SOFTWARE
Home
 
    Forums > Community Lounge > Politics & Religion > Obama to target tax fairness in speech


Reply
 
Thread Tools
Old Jan 24th, 2012, 06:51 PM   #1
AK Forty Seven
 
 
Join Date: Jul 2010
Posts: 11,096
http://news.yahoo.com/state-union-bu...-abc-news.html


There are always lots of secretaries in attendance at the State of the Union. High-ranking officials like the Secretary of State, Secretary of Education, Secretary of Defense and the rest of the President's cabinet traditionally attend. This year Warren Buffet's secretary will be there too.

That's right, a special guest of President Obama at this year's State of the Union address, sitting in the box reserved for First Lady Michelle Obama, will be Debbie Bosanek, aka Warren Buffet's secretary, who the billionaire investor famously says pays a higher tax rate (as a percentage of her income) than he does.

President Obama intends to make a renewed push for what he calls the Buffett Rule in his State of the Union address, on the very day Republican contender Mitt Romney released his millionaire tax returns showing he paid a lower rate than many Americans.

"Billionaires should not pay a lower effective tax rate than the middle class. He'll talk about details tonight," Communications Director Dan Pfeiffer tells ABC News. Warren Buffett, the billionaire investor and supporter of President Obama's, has stated that he should not pay a rate lower than his own secretary.



Pfeiffer says that secretary, Bosanek, will be seated with Michelle Obama this evening, listening to the address from the first lady's box in the gallery.

Tax fairness will be the central theme of the president's third State of the Union address. Pfeiffer says it comes down to American values.

"We can make sure everyone is being responsible, everyone is playing by the same set of rules. And the system both on Wall Street and in Washington is not being rigged at the expense of middle-class and working class Americans."

After the speech, the president follows tradition and takes his arguments on the road to settings which illustrate his priorities.

"On Wednesday, he's going to talk about manufacturing," Pfeiffer says of the first stops in Cedar Rapids, Iowa, and Phoenix, Arizona. "How we can discourage outsourcing and encourage ' insourcing' in this country so jobs are created here. On Thursday, [in Las Vegas, Nevada, and Denver, Colorado] he's going to talk about how a new era of American energy can create jobs here at home and make America more secure. And then on Friday in Michigan he's going to talk about how we can make college affordable because right now a college degree e is a critical gateway to success."
    Quote
Old Jan 24th, 2012, 06:56 PM   #2
Lucrum
 
 
Join Date: Dec 2003
Location: Canton, Georgia
Posts: 38,544
Quote:
Quote from AK Forty Seven:

Obama to target tax fairness in speech
Oh goody goody, some more class warfare.
    Quote
Old Jan 24th, 2012, 06:59 PM   #3
Mercor
 
 
Join Date: Jun 2007
Posts: 4,068
Quote:
Quote from AK Forty Seven:


That's right, a special guest of President Obama at this year's State of the Union address, sitting in the box reserved for First Lady Michelle Obama, will be Debbie Bosanek, aka Warren Buffet's secretary, who the billionaire investor famously says pays a higher tax rate (as a percentage of her income) than he does.

. Warren Buffett, the billionaire investor and supporter of President Obama's, has stated that he should not pay a rate lower than his own secretary.
You could get strong conservative support to fix this problem with the Secretory.
Its very obvious that the Secretary's taxes are to high.

Obama never defines Fair. Fair to him is always more.
If the top 50% earners pay 100% of the federal taxes is that fair, or should it be the top 25% pay all the tax...etc.
    Quote
Old Jan 24th, 2012, 07:09 PM   #4
Max E. Pad
 
 
Join Date: May 2011
Posts: 7,913
Due to the fact that we all know Obama is an upstanding well principled man, I am sure he is going to point out how unfair it is for Romney to pay 3 million dollars per year in taxes, while half the country pays nothing.... after all isnt this whole thing about everyone paying their fair share?

Quote:
Quote from Lucrum:

Oh goody goody, some more class warfare.
    Quote
Old Jan 24th, 2012, 07:33 PM   #5
cgroupman
 
 
Join Date: Oct 2006
Posts: 1,480
A bit tired of hearing how 40+ percent pay no taxes, as if it is their personal choice. Look, there are a lot of people who, for many reasons, just don't either have jobs, or don't make enough money to pay taxes. JUST like Romney shouldn't be chastised for only paying about 1/3 the rate that most of us do. It's just the way the tax system is structured. Yes, there are many who take advantage of the system, from the zero payers to the $million people with tax loopholes and offshore accounts.

I don't slight Romney for making money, and I don't slight "everyone" who pay zero. This is not the "welfare queen" argument, this is just a point about both ends of the tax structure.


c
    Quote
Old Jan 24th, 2012, 07:53 PM   #6
Max E. Pad
 
 
Join Date: May 2011
Posts: 7,913
So you pay a 45% tax rate?

I would love to know the name of your accountant so i can avoid him like the plague.

Quote:
Quote from cgroupman:

JUST like Romney shouldn't be chastised for only paying about 1/3 the rate that most of us do.

c
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider