Obama To Sock Rich With A "Buffett Tax" On Incomes Of $1 Million Or More

Discussion in 'Politics & Religion' started by Zr1Trader, Sep 17, 2011.

  1. Obama To Sock Rich With A "Buffett Tax" On Incomes Of $1 Million Or More

    Well, this won't make President Obama's critics happy.

    On Monday, the President will propose a new "Buffett Tax" on those making $1 million a year or more, Jackie Calmes of the New York Times reports.

    The tax will be a sort of alternative-minimum tax that ensures that the nation's highest earners, like Warren Buffett, pay a similar percentage of their incomes in tax as middle-class people do.

    Read more: http://articles.businessinsider.com...alternative-minimum-tax-incomes#ixzz1YFodWuCC

    That should help create some jobs...not!
  2. Ha Buffett tax!! Anyone want to guess when the last year Buffett only made a million.
  3. Lucrum


    Those evil "rich" people, how dare they be more successful than lazy ass welfare queens.
  4. How about this for a Buffet tax...anyone with over $1 billion dollars in net worth immediately has to pay 50% of his assets to the government. There! That will shut him up.
  5. pspr


    I think we should tax the government if it has revenues over $1M. For every dollar the U.S. Government takes in over $1M, 50% has to be paid back to the taxpayers. Let's put the shoe on the other foot for a change! :mad:
  6. :p
  7. JamesL


    Or, how about these uber-rich be prevented from moving their assets into charitable trusts to escape the death tax, Warren?
  8. Better if the money goes to charity than the government.
  9. This is a tax benefit you will never hear democrats or liberals criticizing.
    #10     Sep 18, 2011