I think people here have missed a huge point: Why should buffet pay any taxes on money he has alreay been taxed on?? It is double taxation and it is retarded, i can see the need to tax traders based on trading incomes but i think taxing people on their invesments which they created using money which has already been taxed is absolutely retarded. I do agree with pabst though that he is being very hypocritical, telling other people to pay their taxes meanwhile dodging his own in any way you can, dont get me wrong here I am all for working the tax system to your best possible outcome, however if you are doing that do not criticize the rest of society and try to put a halo on your head. I mean in the end if you are religious you are only fooling yourself when you do this. Seems to be a very common trait from the left.
Buffet is somewhat religious, no? In this instance, it wouldnt matter, hes got enough moolah he could bomb any nation with it, and win. "Too many dollars..i cant......i cant breath*gasp*". FWIW, i was always suspicious of his conservative lifestyle.
Did we read the same article? How do you figure he's dodging taxes? He's not criticizing the rest of society. He's criticizing current tax policy. Buffett is actively wondering why people like him aren't paying more as a percentage of income. He's implying he's willing to pay more in tax. What does this have to do with anything? Seems irrelevant. That or you have a very narrow view of the diversity of political belief.
If buffett were standing in opposition to prop 13 he would have been standing in opposition to it in 1978. 1n 2003 - it was easy to be against it when you saw how badly the democrats had messed up the state infrastructure including the primary and secondary schools.
Utter nonsense. Someone can't change their opinions after seeing something in practice for 23 years? This is assuming that Buffett was pro prop 13 at any particular time, which I don't see you producing evidence of. You really are genuinely as stupid as you appear if this is your ability to argue.... Anyone who is free market would opposes prop 13, as it is an effort at price control, rather than allowing the market itself to determine prices. The klannish are opposed to price controls on gas and oil or other goods and services, but pro price control with prop 13? Such duplicity... Yall klannish klownish just are so lost. The wealthiest man in the world, who is also and American is now going to devote his full time to charity work, Gates. Buffett, another American who is the second wealthiest man is a democrat supportive of social programs. Bloomberg just left your party because of the way they have botched things up.
Your remark is so ignorant I do not even know where to begin. You are so communist you do not realize there is a difference between tax policy and free markets. (by the way did not say buffett was ever pro prop 13. My point was that he was no hero for floating an anti prop 13 bubble for arnold in 2003. Everyone could see California had infrastructure problems.) Your argument manifests your complete lack of economic understanding. All taxes create market distortions. conservative in general would say the lower the better. I am not saying Prop 13 did not cause market distortions. It clearly did. But prop 13 was interference with tax policy not free markets. Would it be an interference with free markets for steve forbes to advocate a flat tax? Would that make him anti free markets. zzzz you are a commie with little understanding of the consequences.
What stupidity...to say that property tax ramifications on the price of owning a home don't influence the free market. You truly are a dunce... Buffett was asked by Arnold to be an advisor, and Buffett gave his opinions...that's what advisers do. You are such a klannish klown, you continue to make an airtight case that you did indeed finish at the very bottom of your law school class... A flat income tax is non specific about any particular market, and would likely help the overall economy by cutting out the red tape and loopholes that allow the wealthy to hoard their money with their greedy, piggish, Kristian hands... Man, they used to call your kind of idiocy senility, but maybe it is just another type of brain damage...
Do any of you rocket scientists understand the immense difference between capital gains and earned income? After reading Buffet's quotes again I fail to understand his point. For starters he's talking about apples vs. oranges. If Buffet makes a paid speech, he's taxed at 39.6%. If Buffet sells a stock he's owned for over a year he's taxed at 18%. Is that not clear to him? Further there's caveats. While that 39.6 is pretty darn high it allows deductions. That's why the BOTTOM 40% of U.S. wage earners pay ZERO income tax. The cap gains tax though starts at dollar one. Hence a guy who "earns" 20k in a year may pay NO taxes while someone who sells an asset for 20k in profit pays $3600 unless of course they have a corresponding loss. On top of it, if you sell something at a loss and in 2001-2002 many American's learned a bitter lesson about taxes, those losses are limited as writeoffs to only 3k a year. Thus Buffet seems to advocate a system where you pay even MORE on long term profits while you get MINIMAL relief on long term losses. Buffet is a tool. But then again when have logic and common sense ever been attributes of the Left?
I've never seen you be quite this jealous, your rage against Buffett. A trader complaining about someone who has more money than he has. Oh well, another case of sour grapes from waaaaay past his prime. You remind me of the baboons at the zoo who spend their time showing their ass to the public...just your nature I guess. Capitol gains are income. It sure as hell ain't outgo... If a man lives by the sweat of his brow, white or blue collar...and someone else was born with a trust fund full of dividend bearing stocks, or got lucky in some business investments that he nets for his income or that he sells for the proceeds.... Now you tell me why the one whose income is from dividends or sale of those stocks isn't getting income that deserves to be taxed just as hard as the wage earner... Most of the laws we currently have that protect the ruling class, like the klannish move to give dividends a tax free status (which is insane not to tax income, as only those with high net worths and lots of dividend stocks benefit to great a great degree---oh it helps fixed income retirees, but they are generally low enough income that it doesn't make a big difference) is a payoff to the wealthy and ruling class. A revolution is coming, and the klannish know it and are terrified, as the middle class sinks back into the oblivion it came from. The blinder are slowly coming off the American dream as people will wake up to the con job they allowed to be perpetuated on them. The current ruling class learned nothing from history, and in time they too will be overthrown as the masses are growing in poverty, not in wealth. The klannish and the klownish regressives always shrink like a turtle when talk of class struggle is brought up, as they know that the ruling class and the privileged are the ones making the tax laws and other laws to perpetuate their species. Americans are flat out stupid to allow such disparity in the tax codes, all because they have this idiot dream that one day they will be multi-millionaires if they don't get taxed. This is just as ignorant and stupid as all the kids in Comptons who thinks they is going to play in the NBA yet have no talent or height for the game. It is a foolish dream that comes to fruition only to a minute few... It saddens me to think how bad things are going to have to get before the people rise up, but the trend is in place, and the day of judgment for the klannish is coming...
"Buffet is a tool." I've never seen you be quite this jealous, your rage against Buffett is comical. A trader complaining about someone who has more money than he has. Classic. As if your job as a trader ever contributed anything to society. What a crack up. Oh well, another case of sour grapes from waaaaay past his prime. You remind me of the baboons at the zoo who spend their time showing their ass to the public...just your nature I guess. Capitol gains are income. It sure as hell ain't outgo... If a man lives by the sweat of his brow, white or blue collar...and someone else was born with a trust fund full of dividend bearing stocks, or got lucky in some business investments that he nets for his income or that he sells for the proceeds.... Now you tell me why the one whose income is from dividends or sale of those stocks isn't getting income that deserves to be taxed just as hard as the wage earner... Most of the laws we currently have that protect the ruling class, like the klannish move to give dividends a tax free status (which is insane not to tax income, as only those with high net worths and lots of dividend stocks benefit to great a great degree---oh it helps fixed income retirees, but they are generally low enough income that it doesn't make a big difference) is a payoff to the wealthy and ruling class. A revolution is coming, and the klannish know it and are terrified, as the middle class sinks back into the oblivion it came from. The blinder are slowly coming off the American dream as people will wake up to the con job they allowed to be perpetuated on them. The current ruling class learned nothing from history, and in time they too will be overthrown as the masses are growing in poverty, not in wealth. The klannish and the klownish regressives always shrink like a turtle when talk of class struggle is brought up, as they know that the ruling class and the privileged are the ones making the tax laws and other laws to perpetuate their species. Americans are flat out stupid to allow such disparity in the tax codes, all because they have this idiot dream that one day they will be multi-millionaires if they don't get taxed. This is just as ignorant and stupid as all the kids in Comptons who thinks they is going to play in the NBA yet have no talent or height for the game. It is a foolish dream that comes to fruition only to a minute few... It saddens me to think how bad things are going to have to get before the people rise up, but the trend is in place, and the day of judgment for the klannish is coming... p.s. I am not going to argue the $3,000 cap is nuts for the middle class, but it should apply to the upper class/high end investment class so they don't purposely have companies that on the books are losing money.