AP-GfK Poll: Most back Obama plan to raise investment taxes

AP ^ | February 22, 2015 | STEPHEN OHLEMACHER and EMILY SWANSON

[Soul of the South]

“It’s probably related to that liar, Warren Buffett, and his lie about his secretary.”

The dirty little secret about Buffett, Democrats, and taxes is Buffett really doesn’t care about marginal income tax rates. Buffett makes his money on capital gains and carried interest. Buffett, and other wealthy individuals, likely supported Obama’s “soak the rich” income tax rate increases in order to keep the focus off the much lower rates on capital gains and carried interest which benefit them.

If Buffett paid a lower percentage of his income taxes than his secretary prior to the Obama income tax increase, he likely pays a lower rate than her today. Of course Obama, with the acquiescence of House Republicans, achieved his objective of raising marginal rates so no one in the press made the observation the tax bill passed did nothing to help Buffett’s secretary or hurt him.

Whenever my progressive associates rail against the wealthy and taxes, I ask them why Democrats continue to protect carried interest? Most don’t even understand this preference for millionaires and billionaires in the financial industry nor the role Chuck Schumer has played behind the scenes in keeping it off the table when Democrats play the soak the rich card.

[amnestynone]

On the other hand the rich themselves want to pay more taxes. Don't you listen to their media. This is what they constantly say unless you believe that the media is owned by the poor. I think that as long as the media (controlled by the rich) make this pitch then indeed it is fair for them to pay more taxes. If wealthy Republicans don't like that then they should start buying media instead of leaving it to the Dems to run the media. In fact for every year the border is not secured we should raise taxes on these C of C country clubbers and their rich lib gentry fiends. Don't forget every time we try to make ourselves relevant we hear them talk about how they are working together to “get things done”. As long as they are “working together to get things done “then they should pay the taxes for spending money like that.

[clearcarbon]

"most people in the United States support President Barack Obama's proposal to raise investment taxes on high-income families."

In the regressive liberal universe, that would devolve to any income level above the poverty line.

[mountn man]

http://www.moneychimp.com/features/tax_calculator.htm

Try your math again, here

[dfwgator]

Guess what, every time the government ends up passing a law to “soak the rich”, the only ones who do get soaked are the middle class, see the Alternative Minimum Tax.