Thursday, February 23, 2012

If Warren Buffet pays $8,142,000 in taxes and the rest of the rich pay something similar how can Libs say....?

the rich don't pay the majority of taxes in this country?If Warren Buffet pays $8,142,000 in taxes and the rest of the rich pay something similar how can Libs say....?
Check out the numbers on the website below.



If the top 2% of our country paid $8 million in taxes then the government would collect $48 trillion. In 2003 they collected a total of $2.5 billion. I don't even know where you got that $8 million figure for Mr. Buffet.



Also look at the figure for corporate taxes. It is a bit more than $380 million. The corporations of America make significantly more than this. I would be surprised if $380 million was even 1% of their earnings.



Most Americans pay much more than 1% of their earnings to taxes. It is more like 10-35% depending on your income. And that is only for federal income tax.



To put it in perspective, if half of America's population paid only $5 in taxes then it would almost double the taxes paid by corporations. I pay much more than $5 in taxes in every paycheck let alone annually. Also most people including myself do not earn a fraction of what the truly rich earn.



Get your head out of the sand. Why are you attacking liberals and supporting a group that you are not even a part of? I don't care if you make a couple hundred thousand a year.. I don't even care if you make a couple million a year.. that does not put you in the mega rich category.



The truly rich in this country make the laws that give them maximum benefit. Although a single individual may pay millions in taxes it is not proportionate to their earnings as they already have several tax shelters and loopholes to work with. The reality is that the majority of taxes are not paid by the wealthy.



I bet you don't even make six figures let alone 7 or 8 and even if you did that wouldn't put you into the super rich category. If you only made that kind of money, likely half of your money would go to taxes. The super rich do not pay 50% of their earnings to taxes. Pretty stupid to defend a group you aren't a part of. Even worse, they also use their resources to make laws to screw over the majority of the population to maximize their profits.



I'm not defending liberals either. They have their own problems, but you need to wake up.
Warren Buffet is a BILLIONAIRE. I'm sure he doesn't even notice the 8m. What percentage of his income do you think that is?



The rich don't pay the majority of the taxes because the rich are a relatively small percentage of the population! Hello?If Warren Buffet pays $8,142,000 in taxes and the rest of the rich pay something similar how can Libs say....?
you have to understand where the word liberal came from. when socialist became a dirty word they became liberals. even now the socialists are giving up on the term liberal and are trying to morph into progressives.



so the progressive,liberal,socialists want all money given to the government and then the government will take care of us.
Yes, it is too complicated for liberals to understand.



Maybe Chi Guy has more income that Buffet.



And it's Ironic:



Liberals are whining about Taxes, but they are still mad that we Working People got Tax Cuts.



LIBERALS WANT MORE TAXES.If Warren Buffet pays $8,142,000 in taxes and the rest of the rich pay something similar how can Libs say....?
I think the libs will not be happy until everyone is making minimum wage, living in the projects, riding bicycles, eating tofu, wearing togas and singing Kumbaya.
Your question is so full of logic, I am dumbfounded.



Netjr, the top 1/2 of wage earners is primarily composed of the middle class. You do know that the bottom half also includes kids working summer job, delivering new papers or anybody that has a little bit of income. Your statistic has no value.
First they will remind you that figures lie and liars figure; with that they will likely point out that $8.14 million in taxes paid is a far lower percentage of his income then a person making $60k a year trying to fork over the $9k in taxes the government wants out of his hide.



Liberals have long ignored the charts that show emphatically that the top 1/2 of all wage earners pay 99.3%of the tax burden meaning that bottom half payis about .7%.
sources ?
They can't. It's a fact-1% of the USA population pay 90% of all taxes.
Buffett's detractors love to wallow in class envy. They have failed financially and want to take their frustration out on those who are successful.
Because comparatively the people in the lower and middle classes pay proportionately more than rich people. 30% of $30,000 is much more to the lower class than 30% of $100,000 is to the upper class. If you make 30K a year, with 30% (arbitrary number), you're losing 9K. If you make 100K, you're losing 30K, but you still have 70K left.



Poor and middle class Americans still pay disproportionately more than rich people when compared to how much they actually make.
I make a lot less that Warren Buffet and I pay 30% in federal income taxes. 8,142,000 was what percentage of his income?
Because libs want it based on a percentage based system. Buffet does pay more, but he also pays a much lesser percentage of his income, the reason being it is in untaxable offshore bank accounts.

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