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Mayor Bloomberg slams Warren Buffett's tax claims; 'The Buffett thing is just theatrics'
DAILY NEWS ^
| September 25th 2011
| Reuven Blau
Posted on 09/25/2011 8:41:53 PM PDT by george76
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To: Chode
Buffett OWES 1 BILLION DOLLARS to the IRS....Hypocrite!!!!!
21
posted on
09/26/2011 3:57:02 AM PDT
by
Ann Archy
( ABORTION...the HUMAN Sacrifice to the god of Convenience.)
To: george76
A couple of years ago the rabble wanted to hit NYC's millionaires with additional taxes. Bloomberg pointed out that something like 20,000 of NYC's 8M citizens pay the vast majority of the NYC taxes. Hitting them again would drive them away (a la Rush Limbaugh) and NYC would lose, big time.
That was the other time I agreed with him on something.
22
posted on
09/26/2011 5:17:54 AM PDT
by
Dilbert56
(Harry Reid, D-Nev.: "We're going to pick up Senate seats as a result of this war.")
To: Paradox
"This country needs to get away from taxing production, and start taxing consumption. With the added benefit that EVERYONE pay's into the system, here legally or not."
Exactly. Everyone pays, including the underground economy, unlike the current income based system.
To: ari-freedom
"You make it sound as if consumption was bad or something. It is not. Its an essential part of the economy and a free market plan would not be biased against one or the other. Otherwise youre going to end up with a production bubble. You want to have low rates on production and consumption, capital and labor."Why do I want to have any rates on production, capital and labor?
I'm not against consumption. Everybody consumes, not everybody earns.
Tax consumption, not earnings.
To: george76
Buffett still owes a $1 billion in back taxes that he’s fighting.
Looks like he’ll be the next Treasury secretary.
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Thanks george76.
"If Warren Buffett made his money from ordinary income rather than capital gains his tax rate would be a lot higher than his secretaries. And in fact a very small percentage of people in this country pay a big chunk of the taxes," the billionaire mayor argued.
You've heard of class warfare? Welcome to no-class warfare. ;')
26
posted on
09/27/2011 7:06:57 PM PDT
by
SunkenCiv
(It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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