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On August 17 2011 06:48 Kaitlin wrote:Show nested quote +On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment.
Lol...are you serious?
Like really?
I'm speechless.
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I totally support Buffett on this one. His idea, if executed, will be way more effective than cutting welfare or overtaxing the poor.
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Sanya12364 Posts
This tax increase will not apply to Buffett who mainly pays capital gains tax and only when he liquidates his holding and that'll be never. Only by taxing corporate taxes would you hit B-H. Besides B-H has an ongoing payment dispute with the IRS over current tax code. The people hit by it will be mainly financial guys that get big bonuses, professional athletes, tv/movie stars, celebrity doctors. Most of the absurdly wealth individuals have already planned around this.
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On September 19 2011 22:58 TanGeng wrote:
This tax increase will not apply to Buffett who mainly pays capital gains tax and only when he liquidates his holding and that'll be never. Only by taxing corporate taxes would you hit B-H. Besides B-H has an ongoing payment dispute with the IRS over current tax code. The people hit by it will be mainly financial guys that get big bonuses, professional athletes, tv/movie stars, celebrity doctors. Most of the absurdly wealth individuals have already planned around this.
I don't see any actual details on the Obama hike just yet, but I believe this is supposed to be targeted at capital gains based on what all the articles are saying.
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the republicans will never pass a bill with the word "obama" on it. now he wants to pass a bill with both "obama" and "tax" on it? lol good luck sir
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On September 19 2011 03:21 Sentient wrote:Show nested quote +On August 25 2011 09:14 Bibdy wrote:Oh and this one is definitely the most striking. How can there be that many people across all income brackets that owe ZERO income tax? What tax breaks are being given out to afford that kind of tax level? They still pay other taxes, especially social security and sales tax. While it's true that they pay no net federal income tax, that figure is usually cited to suggest they pay zero taxes, which is false.
Well, there is no federal sales tax, so they don't pay that. And the Earned Income Credit acts to offset any social security and medicare taxes withheld, and then some. They generally get a net payout FROM the government, rather than paying taxes TO the government, at the federal level.
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On September 19 2011 09:26 PH wrote:Show nested quote +On August 17 2011 06:48 Kaitlin wrote:On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment. Lol...are you serious? Like really? I'm speechless.
What don't you understand ? He will pay $0 estate taxes (death taxes) when he dies because he is directing his estate to go to charities, which HE chooses. Instead of paying taxes to the government, as he suggests in his "article", he does exactly what the Republicans believe in, which is demonstrate the willingness to direct his own money how HE sees fit, not as the government would. He's talking like a Liberal, but ACTING like a Conservative. Seems pretty hypocritical to me.
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On September 20 2011 01:36 Kaitlin wrote:Show nested quote +On September 19 2011 09:26 PH wrote:On August 17 2011 06:48 Kaitlin wrote:On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment. Lol...are you serious? Like really? I'm speechless. What don't you understand ? He will pay $0 estate taxes (death taxes) when he dies because he is directing his estate to go to charities, which HE chooses. Instead of paying taxes to the government, as he suggests in his "article", he does exactly what the Republicans believe in, which is demonstrate the willingness to direct his own money how HE sees fit, not as the government would. He's talking like a Liberal, but ACTING like a Conservative. Seems pretty hypocritical to me.
That doesn't really make sense. He's not donating to charity to dodge the taxes, he's donating to charity because he wants to donate to charity. The presence or absence of taxes on his estate have zero effect on his decision to donate to charity.
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Improve educational system
Improve infrastructure
Regain industrial selfconfidence
Reduce systemic Liability of the political system
America needs to tackle problems a bit more bottom line than tax cuts. And so does europe.
But high five to Buffet throwing in a non-selfish and long term thinking argument! You need to start somewhere after all.
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On September 20 2011 01:41 thebigdonkey wrote:Show nested quote +On September 20 2011 01:36 Kaitlin wrote:On September 19 2011 09:26 PH wrote:On August 17 2011 06:48 Kaitlin wrote:On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment. Lol...are you serious? Like really? I'm speechless. What don't you understand ? He will pay $0 estate taxes (death taxes) when he dies because he is directing his estate to go to charities, which HE chooses. Instead of paying taxes to the government, as he suggests in his "article", he does exactly what the Republicans believe in, which is demonstrate the willingness to direct his own money how HE sees fit, not as the government would. He's talking like a Liberal, but ACTING like a Conservative. Seems pretty hypocritical to me. That doesn't really make sense. He's not donating to charity to dodge the taxes, he's donating to charity because he wants to donate to charity. The presence or absence of taxes on his estate have zero effect on his decision to donate to charity.
Exactly my point. His words are that the government shall determine what is done with that money. His actions are the HE shall determine what is done with it. It's not about "dodging taxes". It's about the belief that We, the People, know best how to spend OUR money, not the government.
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On September 20 2011 01:36 Kaitlin wrote:Show nested quote +On September 19 2011 09:26 PH wrote:On August 17 2011 06:48 Kaitlin wrote:On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment. Lol...are you serious? Like really? I'm speechless. What don't you understand ? He will pay $0 estate taxes (death taxes) when he dies because he is directing his estate to go to charities, which HE chooses. Instead of paying taxes to the government, as he suggests in his "article", he does exactly what the Republicans believe in, which is demonstrate the willingness to direct his own money how HE sees fit, not as the government would. He's talking like a Liberal, but ACTING like a Conservative. Seems pretty hypocritical to me.
Ok I'm not an American, but I feel the need to speak up here. But why is it bad if Buffet donates his wealth to charities of his choosing instead of the government? Bottomline is WB is doing a good thing, why debate Conservative/Liberal ideological differences? Seems mighty petty to me.
People should stop politicizing everything and start contributing IMO. Who would you want to be? A hypocrite who contributes billions to my society, or being "politically right" and sits on my hands/unable to donate billions when it comes to actual contributions to the economy and social scene.
I'm definitely going to be the hypocrite. What about you, Kaitlin?
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And the government allows you to donate to charity and write it off because they believe it is a good use of your money. How can you be so blindly zealous to a cause that you attack a man for giving away his money to people in need?
Warren Buffet is happy to pay more taxes while he lives, but he wants his wealth to go to the Gates foundation so that it can be used to further human development worldwide when he dies. He's a noble guy, and you attack him for it.
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On September 20 2011 01:36 Kaitlin wrote:Show nested quote +On September 19 2011 09:26 PH wrote:On August 17 2011 06:48 Kaitlin wrote:On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment. Lol...are you serious? Like really? I'm speechless. What don't you understand ? He will pay $0 estate taxes (death taxes) when he dies because he is directing his estate to go to charities, which HE chooses. Instead of paying taxes to the government, as he suggests in his "article", he does exactly what the Republicans believe in, which is demonstrate the willingness to direct his own money how HE sees fit, not as the government would. He's talking like a Liberal, but ACTING like a Conservative. Seems pretty hypocritical to me.
It's not, you're just being incredibly dense. Doing what you please with your assets upon your death is a right that's been around for thousands of years. There's no disagreement on what you can and can't do with a Will and it has absolutely nothing to do with this discussion at all.
Exactly my point. His words are that the government shall determine what is done with that money. His actions are the HE shall determine what is done with it. It's not about "dodging taxes". It's about the belief that We, the People, know best how to spend OUR money, not the government.
That point is completely irrelevant when we're talking about what someone does with their assets when they die.
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On September 20 2011 02:52 Setev wrote:Show nested quote +On September 20 2011 01:36 Kaitlin wrote:On September 19 2011 09:26 PH wrote:On August 17 2011 06:48 Kaitlin wrote:On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment. Lol...are you serious? Like really? I'm speechless. What don't you understand ? He will pay $0 estate taxes (death taxes) when he dies because he is directing his estate to go to charities, which HE chooses. Instead of paying taxes to the government, as he suggests in his "article", he does exactly what the Republicans believe in, which is demonstrate the willingness to direct his own money how HE sees fit, not as the government would. He's talking like a Liberal, but ACTING like a Conservative. Seems pretty hypocritical to me. Ok I'm not an American, but I feel the need to speak up here. But why is it bad if Buffet donates his wealth to charities of his choosing instead of the government? Bottomline is WB is doing a good thing, why debate Conservative/Liberal ideological differences? Seems mighty petty to me. People should stop politicizing everything and start contributing IMO. I'll be proud to be a hypocrite who contributes billions to my society. What about you, Kaitlin?
It is not bad if Buffet donates his wealth to charities, whether while he is living or upon his death. I am all for that as are pretty much all Conservatives. That is a fundamental Conservative concept, that we know how to put our money to better use than the government does. My criticism is not of his willingness to donate. It is that wrote an article that we should pay more to the government instead of spending it as we see fit, in direct contrast to his actions.
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On September 20 2011 02:53 Craze wrote:
And the government allows you to donate to charity and write it off because they believe it is a good use of your money. How can you be so blindly zealous to a cause that you attack a man for giving away his money to people in need?
Warren Buffet is happy to pay more taxes while he lives, but he wants his wealth to go to the Gates foundation so that it can be used to further human development worldwide when he dies. He's a noble guy, and you attack him for it.
I'm not attacking him for donating. I'm attacking him for his bullshit hypocritical statements.
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On September 20 2011 02:58 Stratos_speAr wrote:Show nested quote +On September 20 2011 01:36 Kaitlin wrote:On September 19 2011 09:26 PH wrote:On August 17 2011 06:48 Kaitlin wrote:On August 17 2011 06:43 xXFireandIceXx wrote:On August 17 2011 06:41 Megatronn wrote:
If he's so concerned why doesn't he just give his money away to some poor families? o.o Oh my god. He's donating his money already. And he's donating 99% of his wealth when he dies. He's talking about what he thinks would benefit the US as a nation. Stop acting like he's some selfish man, cuz he's not. According to his statements that the rich should pay more taxes to the government, the fact that he's donating 99% of his wealth to charity when he dies is hypocritical. By donating to charities that HE favors, he denies the government about 60% of his wealth that would have been paid in estate taxes had he not made that selfish decision himself and left it to the government's better judgment. Lol...are you serious? Like really? I'm speechless. What don't you understand ? He will pay $0 estate taxes (death taxes) when he dies because he is directing his estate to go to charities, which HE chooses. Instead of paying taxes to the government, as he suggests in his "article", he does exactly what the Republicans believe in, which is demonstrate the willingness to direct his own money how HE sees fit, not as the government would. He's talking like a Liberal, but ACTING like a Conservative. Seems pretty hypocritical to me. It's not, you're just being incredibly dense. Doing what you please with your assets upon your death is a right that's been around for thousands of years. There's no disagreement on what you can and can't do with a Will and it has absolutely nothing to do with this discussion at all. Show nested quote +Exactly my point. His words are that the government shall determine what is done with that money. His actions are the HE shall determine what is done with it. It's not about "dodging taxes". It's about the belief that We, the People, know best how to spend OUR money, not the government. That point is completely irrelevant when we're talking about what someone does with their assets when they die.
I disagree. It's completely relevant. I believe his decision to direct a mass of wealth according to his own wishes are in complete conflict with his statements in that article, calling for people like him to pay it to the government.
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On September 20 2011 03:02 Kaitlin wrote:Show nested quote +On September 20 2011 02:53 Craze wrote:
And the government allows you to donate to charity and write it off because they believe it is a good use of your money. How can you be so blindly zealous to a cause that you attack a man for giving away his money to people in need?
Warren Buffet is happy to pay more taxes while he lives, but he wants his wealth to go to the Gates foundation so that it can be used to further human development worldwide when he dies. He's a noble guy, and you attack him for it. I'm not attacking him for donating. I'm attacking him for his bullshit hypocritical statements.
If 4gate was the best strategy in PvP, it's not hypocritical for a protoss player to complain about how strong the strategy is while using it himself, the root of the complaint is that people are too heavily encouraged to do it.
Warren would be dodging taxes by making the donation, but that's the point, he's complaining that the system encourages people to behave this way, what better way to show that than by doing it himself. If anything it would be hypocritical of him to NOT take advantage of the tax code while taking an admirable position like he has.
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On September 20 2011 03:02 Kaitlin wrote:Show nested quote +On September 20 2011 02:53 Craze wrote:
And the government allows you to donate to charity and write it off because they believe it is a good use of your money. How can you be so blindly zealous to a cause that you attack a man for giving away his money to people in need?
Warren Buffet is happy to pay more taxes while he lives, but he wants his wealth to go to the Gates foundation so that it can be used to further human development worldwide when he dies. He's a noble guy, and you attack him for it. I'm not attacking him for donating. I'm attacking him for his bullshit hypocritical statements.
how so death taxes would maybe take about 60% of certain numbers but not his full wealth but it's not as if they will take his land etc sell it off and take the profits, wealth is very diverse, then heirs etc would be likely to fight of the rest of what he owned if he gives it all away then he gives back the most to the communities to which the government serves.
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On September 20 2011 02:53 Craze wrote:
And the government allows you to donate to charity and write it off because they believe it is a good use of your money. How can you be so blindly zealous to a cause that you attack a man for giving away his money to people in need?
Warren Buffet is happy to pay more taxes while he lives, but he wants his wealth to go to the Gates foundation so that it can be used to further human development worldwide when he dies. He's a noble guy, and you attack him for it.
He is very noble indeed. What I don't get is attacking the super rich bastards who horde all their money and don't donate to charities. Do I like this behavior? ABSOLUTELY NOT. They are selfish. But how can you believe in something that punishes someone just because they have a lot of money. Taxes that specifically target anyone based off of anything (race, sex, education, and even INCOME, is prejudicial in my eyes). What happened to the right to property? I don't like rich and greedy men, but those are life styles, not crime. And otherwise I know a lot of families who are suppppperrrr rich and who do a lot for charities and foundations and who support a lot of people with employment. But most importantly, if you keep passing tax laws that specifically target someone based on their income (e.g. Someone makes a lot of money, tax them more because it doesn't hurt as bad) then you open the flood gates to taxing everyone else based on external factors as well, which is not a pretty direction to go in and is not the power I would like to give to the government.
On the point of "the government knows best what to do with our money": What? This is completely untrue. Hello? The best decision makers are the people, read some history books and you'll find this out. The only reason the Government exists is because the people have established it. As long as corruption exists (the cynical side of me says it will always exist) the Government will always fail to make better choices than the people would. But sometimes Government is the worser of two evils (its a safer way than anarchy).
My sources: none. Not an economics major, just what was said are opinions and what I believe in.
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EPT![[image loading]](http://www.mint.com/blog/wp-content/uploads/2009/11/MINT-TAXES-R4.png)
