Posted on 12/29/2015 6:17:18 AM PST by george76
By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates and away from itemized deduction and tax-avoidance regulations.
It is interesting to see Warren Buffett using selective data to steer the Hillary Clinton tax plan away from tax reform that would truly unhinge the superwealthy .. By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates and away from itemized deduction and tax-avoidance regulations.
What Mr. Buffet does not highlight is that for 2013 the millionaire club claimed tax deductions totaling $145 billion. Mrs. Clinton might be credible as a tax reformer if she proposed the elimination of itemized deductions for the millionaire club. She'd really be on the forefront if her plan eliminated Section 664 of the Revenue Code (Charitable Remainder Trusts), which allows Mr. Buffett and other millionaires who have highly appreciated stock to avoid paying tax on the gain while reducing their estate-tax liability. As Mrs. Clinton is also a member of the millionaires club,
(Excerpt) Read more at wsj.com ...
Warren is a big ahole and not worth the time of day.
Warren Buffet is a full pantload. He babbles about “the rich” paying hire taxes while he shelters his in tax exempt schemes. He basically is all about kicking out the rungs on the ladder behind him.
Warren Buffett is a domestic economic terrorist and should be taken out with a drone attack.
How many times have Berkshire Hathaway paid a dividend?
Your worth over 50 Billion Dollars and yet you plan to give give it all to the Bill ad Melinda Gates Foundation because you claim the Government would waster your inheritance taxes?
Crony Capitalist at its worst
Well, Warren, if you feel so strongly, pull out the ole checkbook and send (a lot) more in. F*ckin’ hypocrite!
Warren is a guilt-ridden filthy-rich guy who goes out of his way to prove that he is just an average “Joe” who identifies with the common man.
“Taxes for thee and not for me!” - WB
Bottom line, Buffett is a stock picker, a good one at that, who thinks he is an economist. Warren, because you are good at picking horses does not mean you can tun a racetrack.
Crony Communism or Crony Fascism. Capitalism ain’t got nothing to do with it.
Warren and Soros are of the same cut.
Buffett is a Democrat LIAR.
I apologize for being redundant.
Hillary helps the Big Boys... the little people get the back of her hand.
Buffett is just reading from the left-wing playbook. The left isn’t going to tax the rich, they are the rich.
what does this ahole care what the rate is ....HE DOESN’T PAY ALL HIS TAXES AND OWES A COUPLE OF BILLION IN BACK CONTESTED TAXES.... AND GETS MEDALS FROM OBOZO TO BOOT.... PAY TO PLAY PAYS.... PAYS TO AHVE A FOUNDATION... PAYS TO WROTE THE TAX LAWS... AND PAYS TO HAVE A LEFT BIASED IRS....
America is a total JOKE...... the LAW is politically enforced and right now there IS NO LAW ... Loretta Lynch is a handpupet of booze.... whose maunfuntion is to make sure there is a muslim jihadi network COVERUP....
wnat proof..... where is the indictment of hillary clinton.... and dont tell me it is under investigaiton because there is enough evidence already to indict...
Warren Buffett’s tax plan carries his same conviction and fervor as did his marriage vows.
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