Buffett and his Obama supporting ilk are free to give the federal government has much money over their minimum tax payment as they wish. Nothing is stopping the Orifice of Omaha from doing this but his own greed and hypocrisy.
....Buffet refuses to pay his taxes now.
What good will another law do? (Especially a law enforced by his friends like Obama?)
Two big problems with this: First, Obama keeps conflating millionaires and billionaires, raising pictures in people’s minds of the latter while hammering the former. Second, many people who earn a million in a year don’t do so again for many years, and didn’t do so for many years before. They have simply had a good year, built upon their hard work before, and in expectation of which they will work in the future, or they’ve sold a business or asset. Obama’s wish to hit them hard during their one year of good luck while his crony capitalist friends are pulling in tens of millions year after year is dispicable.
Let me get this straight - Obama wants to take $535 million from Warren Buffet. What’s he going to do with the cash? Invest in more “green energy” companies?
Now I’m no fan of Buffet’s politics, but if I had $535 million, I would feel much more comfortable GIVING it to Warren Buffet to invest rather than letting the the bureaucrats at the DOE anywhere near it.
By the way, when it comes to tax hikes, don’t you love the way Ubama and the Democrat newsroom scumbags use the word “ask”, when what they actually mean is “with a government jackboot on the neck, a gun to the head, and under threat of prison”?
How about an “Anti-billionaire Bill” Take anyone who is a Billionaire and liquidate them until they have only have 1 million dollars in total assets?
I am sure all the Obama Billionaires that support him would just love that plan.
Personally I want to see Warren Buffett go down over his stuipid statements and non-tax-paying habits.
0bummer is calling his tax the rich plan the “Buffet rule”
Guess he doesn’t know we know that buffet has spent millions and has ongoing legal suits with the IRS on his tax bills. He’s had like 20 attorneys working on it full time last 10 years or so.
I don’t hold that against Buffet but it makes his statements about not paying enough taxes look pretty disingenuous and self serving then to base policy on such statements, well then we get to the level of 0’s brinkmanship and political gaming playing.