Warren Buffett brings tax fight to su...

Warren Buffett brings tax fight to supercommittee

There are 18 comments on the SavannahNow story from Oct 13, 2011, titled Warren Buffett brings tax fight to supercommittee. In it, SavannahNow reports that:

In an exchange of letters between the billionaire investor and a Republican congressman that Buffett sent the committee this week, Buffett is offering to release his federal tax returns - with a condition.

Join the discussion below, or Read more at SavannahNow.

Wall Street Government

Sebastian, FL

#1 Oct 13, 2011
"If you could get other ultra rich Americans to publish their returns along with mine, that would be very useful to the tax dialogue and intelligent reform," Buffett wrote.

The letters, obtained Wednesday by The Associated Press, were among several sent in recent days to the special bipartisan panel created this summer to find ways to reduce the mushrooming national debt by at least $1.2 trillion over the coming decade.

This just proves the "super committee", besides being a joke, isn't going to be any different than any other politician.

Still being influenced by lobbyist and likely being bribed.
bailout my duck

United States

#2 Oct 13, 2011
this guy could have let the cat out of bag long before the bailout but nooooooooooo so whats the deal why is he yapping now like a saint?
LostForWords

Jefferson City, MO

#3 Oct 13, 2011
Warren deceptively implies that these entrepreneurs pay NO taxes. No taxes for education, nothing for highways/road, police, fire, and other social services. They're just a bunch of freeloaders sponging off the rest of us.

Nonsense.

Those who rank in the top 1% of the income chart provide 38% of federal revenue. The top 5% account for 59% of federal taxes. The top 50% dole out a whopping 97% of the total take.

That means the remaining 50% manage to escape with a meager 3% of the bill -- and a great many of those pay zero. And every politician in Washington knows this.

Those who traffic in class envy hope that Americans don't know these tax facts. They hope to foment resentment that will translate into votes for more spending, transferring money from those wicked wealthy, who don't deserve what they have, to us, who deserve to get more of what they have.

This strategy relies on our willingness to give in to a depraved instinct. It fuels grudges and bitterness. It feeds the desire to inflict misfortune on others. Ancient wisdom has long warned, "You shall not covet your neighbor's house ... wife ... or anything that belongs to your neighbor." Early Church authorities classified envy as one of seven deadly sins.
http://www.realclearreligion.org/printpage/...

“i hope we can change this!”

Since: Aug 08

usa

#4 Oct 13, 2011
he finds a way to pay the least, then bitches that the rate should go up.

if warren wants to pay more, he should just file a 1040 and a schedule c.
he'll be paying A LOT more.

“your life is great”

Since: Aug 09

you poop in clean water

#5 Oct 13, 2011
carey529 wrote:
he finds a way to pay the least, then bitches that the rate should go up.
if warren wants to pay more, he should just file a 1040 and a schedule c.
he'll be paying A LOT more.
.
I think he is talking about dividend income, which is taxed at a lower rate, but your point is still valid.
YouHelpFixIt

Nottingham, MD

#6 Oct 13, 2011
His company owes a billion in back taxes

http://www.theblaze.com/stories/how-much-is-b...

No wonder Obama likes him, he fits right in with the other tax cheats in the adminstration.
Robert

Fort Lauderdale, FL

#7 Oct 13, 2011
anneutral wrote:
<quoted text>
.
I think he is talking about dividend income, which is taxed at a lower rate, but your point is still valid.
He probably also lost a bunch in the stock market because of the down economy I bet if we were to go back to previous years when the market was up he would not be so quick to volunteer his returns.

“Obama Is Mentally Sick”

Since: Oct 11

AOL

#9 Oct 13, 2011
Buffet owes the IRS over One Billion in back taxes. This is no BS. Look it up. He has been fighting the IRS in court for almost 10 years.

“i hope we can change this!”

Since: Aug 08

usa

#10 Oct 13, 2011
anneutral wrote:
<quoted text>
.
I think he is talking about dividend income, which is taxed at a lower rate, but your point is still valid.
and, i think he's talking out of his butt.
like i said, IF he wanted to pay more, he would. he wouldn't bother employing people to help figure out how he can pay less...

i liken warren's grandstanding to obama calling on millionares to "pay their fair share", when HE DIDN'T!

the only difference is...
obama really thinks he's above it...
whereas warren just wants some of immelt's "face-time".

it's ALL fodder for the lemmings.

“"I'm A Great American!"”

Since: Sep 08

Obama Nation! USA! USA!

#14 Oct 13, 2011
LOL!!! This will get the teabaggers raging!

They HATE the way Warren Buffett talks common sense on taxes.
YouHelpFixIt

Scottsdale, AZ

#15 Oct 13, 2011
PooPoo Platter wrote:
LOL!!! This will get the teabaggers raging!
They HATE the way Warren Buffett talks common sense on taxes.
And Donkey F-ckers like you parade this tax cheat around as an example of a Billionare with a conceince and then vilify him behind his back.

“Proud To Be An American”

Since: Apr 07

Location hidden

#16 Oct 13, 2011
Buffett has lost all credibility...that's something money cannot buy back.
Bud Fox

United States

#17 Oct 13, 2011
PooPoo Platter wrote:
LOL!!! This will get the teabaggers raging!
They HATE the way Warren Buffett talks common sense on taxes.
...it will enrage the Occupy Wall St DooshBaggers too ya DikkHedd!!! bahahaha
joey

Livonia, LA

#18 Oct 15, 2011
PooPoo Platter wrote:
LOL!!! This will get the teabaggers raging!
They HATE the way Warren Buffett talks common sense on taxes.
people really hate shit like you, or are you caribou barb and the yellow bastard manine imposter?your post make up the 3 stooges and all of you are the same yellow pieces of crap?i say you are a yellow dog liberal and would make it possible if you would like to discuss this further?
Barbara

Princeton, MA

#19 Oct 15, 2011
LostForWords wrote:
Warren deceptively implies that these entrepreneurs pay NO taxes. No taxes for education, nothing for highways/road, police, fire, and other social services. They're just a bunch of freeloaders sponging off the rest of us.
Nonsense.
Those who rank in the top 1% of the income chart provide 38% of federal revenue. The top 5% account for 59% of federal taxes. The top 50% dole out a whopping 97% of the total take.
That means the remaining 50% manage to escape with a meager 3% of the bill -- and a great many of those pay zero. And every politician in Washington knows this.
Those who traffic in class envy hope that Americans don't know these tax facts. They hope to foment resentment that will translate into votes for more spending, transferring money from those wicked wealthy, who don't deserve what they have, to us, who deserve to get more of what they have.
This strategy relies on our willingness to give in to a depraved instinct. It fuels grudges and bitterness. It feeds the desire to inflict misfortune on others. Ancient wisdom has long warned, "You shall not covet your neighbor's house ... wife ... or anything that belongs to your neighbor." Early Church authorities classified envy as one of seven deadly sins.
http://www.realclearreligion.org/printpage/...
And what do your Early Church authorities have to say about greed?
LostForWords

Jefferson City, MO

#20 Oct 18, 2011
Other than the right to protest what does the OWS stand for when it comes to being American, they might not be sure but the Nazi's do!

It's Official: Obama Has Embraced Occupy Wall Street

Read more: http://articles.businessinsider.com/2011-10-1...

American Nazi Party Declares Its Full Support For Occupy Wall Street Protests

Read more: http://nation.foxnews.com/occupy-wall-street/...

Nazism (Nationalsozialismus, National Socialism; alternatively spelled Naziism was the ideology and practice of the Nazi Party and of Nazi Germany. It is a unique variety of fascism that incorporates biological racism and antisemitism.
http://en.wikipedia.org/wiki/Nazism

Large, out of control Government has been our problem, government is what help created the problem we are facing today, both parties have help but the one not recognized in doing so as much is the Democrats, they are the ones who have made it hard for you to create a small business with mounds of licencing and regulations, Democrats have create regulations and laws which sound like they protect you and they do to some degree but they also give big business the upper hand by making it harder for you to create a business or do something on your own.

----------

We're Drowning in a Sea of Paper

The White House Office of Management and Budget is a repository of rather dry information about the federal government. When OMB says something about how we interact with our federal government, however, it is usually wise to listen......

As Americans, we collectively spent a total of 1,000 years of time on paperwork in a single year. Thatís absolutely unbelievable. Every hour spent filling out compliance paperwork, reporting requirements, tax forms, applications, reimbursements, and surveys is an hour small business owners canít put into growing their business, an hour family members canít put into their families, an hour that a health care provider canít dedicate to their patients. Paperwork doesnít add to our American society; it subtracts......

Turning the tide requires us to think in terms of the real world ≠ another thing that does not come easy to bureaucrats in concrete buildings in Washington DC. Whatís the real cost of this regulation? What does it mean to a small business faced with a raft of new requirements, forms and instructions? How much more complex will this make filing the average Americanís federal tax return? Is this regulation more important than creating a good job in Missouri? Ten jobs? A hundred?......

In the private sector, there is always more work to be done than there are people to do it. The last thing any small business needs is a pair of idle hands. Our agribusinesses, our small businesses and our manufacturers depend on getting the most from their operations in terms of efficiency, quality and productivity. Government paperwork is the ultimate waste of resources. Time and effort go in ≠ but what comes out?.......
http://emerson.house.gov/index.php...
LostForWords

Jefferson City, MO

#21 Oct 18, 2011
Barbara wrote:
<quoted text>And what do your Early Church authorities have to say about greed?
Greed is never a good thing but for you, myself or anyone to force them to give up what they have so we can have some of it is wrong also.
YouHelpFixIt

Scottsdale, AZ

#22 Oct 18, 2011
Barbara wrote:
<quoted text>And what do your Early Church authorities have to say about greed?
You know sloth and envy are mortal sins also.

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