Posted on 08/17/2011 9:44:27 AM PDT by Nachum
According to Good Morning America's George Stephanopoulos, companies that go overseas as a result of high taxes in America are "unpatriotic." The ABC host, who has repeatedly lobbied for higher taxes throughout his journalistic career, endorsed Warren Buffett's call for the rich to pay a higher percentage in taxes.
Talking to Donald Trump, Stephanopoulos cajoled, "Warren Buffett made another splash, saying it's not right, he a billionaire, pays 17 percent in taxes when his secretaries and receptionists pay more. Isn't he right about that?"
(According to columnist Cal Thomas, Buffett's efforts would make little difference.) Trump insisted that he would be willing to pay higher taxes in order to stay in America, but many of his colleagues wouldn't. The GMA anchor attacked, "But that's unpatriotic, isn't it?"
Liberals just cant understand no loving the government and giving up your money freely so THEY can spend it for you
It does not even occur to them that you can do more with it- like feed some homeless or hire someone who needs a job- they think you just will bake it into pies.
According to Good Morning America’s George Stephanopoulos, companies that go overseas as a result of high taxes in America are “unpatriotic.”
LOL I bet he was laughing offstage after he said it. They’ll say anything with a straight face these days.
Did he say anything about companies that go overseas as a result of their search for higher profits
being “unpatriotic” ?
You should get out more.
Illegals have completely taken over the service industry, all major hotels, completely taken over the construction industry, taken over the restaurant food service industry, they drive trucks, they have taken over the warehousing industry, what is left of manufacturing etc. You name it.
When you see a crew of illegals at McDonalds, they aren’t employed by McDonalds, they are employed by the (typically small) franchiser who runs the business.
Oh shazamm! How very convenient for Micky D. Ya think this is some kind of mistake?
Um, hi, George? Hi. Your employer, ABC, shoots TV shows and movies outside the U.S. all the time.
And it’s not because they need exotic locations like the pyramids; most of what they shoot in Canada are cities standing in for the U.S.
They do it for the tax breaks. You pint-sized, squeaky-voiced, big-headed, hypocritical simpleton.
Gosh, I saw that this morning, and it sure looked like it was Donald Trump, not Stephanopolous who used the term unpatriotic (three times by my count) when referring to those who relocate to avoid taxes.
DONALD TRUMP: It’s very unpatriotic. They’re not patriotic. In many cases, they’re not patriotic. They’re business machines. And they’re going to say, “Thank you very much, George. I appreciate you letting us know, we’re moving to Switzerland.”
_______
Why are we only bashing GS for the comment, Trump was quite the darling around here for a spell. He states it quite clearly. And yet, it’s as though he spoke not a word on the topic.
I am sooo sick of this one. Hussein also repeats this lie! The reason Warren Buffet pays only 17% is because he takes NO SALARY! He is paying capital gains tax which is lower. So the whole thing is a lie. If he wasnt taking advantage of the tax system he would be paying a higher rate than his secretary. And technically, the money has been already been taxed at the corporate tax rate of 35%. Since capital gains is a form of double taxation. Warren Buffet is a tax dodger, a legal one but a tax dodger the same. He should take a salary like the rest of his people. Problem solved.
Somewhere in Greece a village is missing its idiot. Actually, judging by current events there are a lot more like him back in the old country.
His employer is Disney. How much merchandise sold by Disney is made outside the USA?
You are aware that 75% of McDonalds are franchised, and I doubt this has anything to do with illegals, since that pattern was established in the 60s.
1. Berkshire Hathaway’s proxy statement reports his income as $175,000. No where near enough to account for $6.9 million in taxes paid.
2. Since Buffet has stated in the past that 98% of his wealth is in Berkshire Hathaway which is a C - Corporation. I think that C corporations pay at 35% tax rate. Then Buffet would pay an additional 15% on realized Capital Gains taxes, and whatever % involved with dividends received.
3. Therefore, if he's only paying 17.4% he is either misrepresenting the facts or some sort of tax evasion appears to be in play.
In his 2007 interview with Tom Brokaw, He proposed a consumption tax (not sales tax). He envisions everyone’s money in unlimited IRA, and only taxed when removed to purchase something. He did not advocate for raising the income tax or the capital gains tax. He said a raise in capital gains would not hurt investment.
In fact, as a long term investor, he would likely approve of a tax that encourages less selling and more long-term holding. Also, any one surprised that an investment manager thinks everyone should have all their money in IRA?
Now what about that death tax? His insurance companies make lots of money from products including life insurance to help the wealthy avoid paying that tax.
I wish someone would make him prove his statements that he pays at a lesser rate than his employees, because I am skeptical, but if it is true, then I want to know why he doesn't restructure their pay so they also get to keep more money.
Also, he fought pretty hard to keep stock options as a deductible expense for corporations, thereby sheltering income from taxation. The opposite of what he is reported to think.
I am from Missouri. Mr. Buffet, show me the documents that prove your assertion.
I too am sick of this, and I do not believe it. See my post #31.
Another Dem talking point is "Companiess are paying less tax than ever in history."
Is that because they are moving overseas to avoid US taxes and regulation (not to mention Obama's NLRB)?
Department of Unintended Consequences!
Yep, and one of the loopholes they talk about is raising taxes on US companies that make their money overseas to make them want to move back here, as if that wont backfire.
Another Dem talking point is “Companiess are paying less tax than ever in history.”
Is that because they are moving overseas to avoid US taxes and regulation (not to mention Obama’s NLRB)?
” Department of Unintended Consequences! “
Department of National Suicide
Exactly
“The last capitalist we hang shall be the one who sold us the rope.”
— Karl Marx
Thanks sickoflibs.
Snuffleupagus has skated through his adult life being underworked and overpaid, and of course, has been nothing but a partisan media hack for over a decade now.
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