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The "Why" Of Buffett's Tax Proposal
The "Oracle of Omaha" has proposed income tax alternatives which HE thinks the negotiators should consider. Mr Buffett is being a bit disingenuous in his proposal.... he speaks of income taxes while HIS annual compensation falls under the 'dividends and interest' portion of the IRS Tax Code.
The aforementioned 'alternatives:'
Warren Buffett is suggesting in his proposal for higher taxes on the wealthiest of Americans-a minimum rate of 30% (those earning $1M+) and 35% (those earning $10M+).
The Buffett 'suggestion' continues with a $500,000 defined threshold of 'rich millionaires and billionaires' rather than the "Clown Prince's" $250,000; saying that
"....in some parts of the country, $250,000 barely convers a middle-class lifestyle."
[Here's where Warren Buffett misses "Clown Prince" obama's point. The "Clown Prince" has no inclination what-so-ever in allowing the average citizen to ever advance in 'class.']
Let's see how Mr Buffett's obfuscations affect his hypothetical 'income' taxes vs his actual taxes.
It's a given that Mr Buffett's current annual compensation is $100,000.
It's a given that Mr Buffett's current annual compensation is completely derived from dividends his portion of Berkshire-Hathaway generates.
If Mr Buffett's $100,000 compensation were actually subject to income taxes, after allowable deductions his rate would be 39.12995%!! Because his compensation is entirely derived from dividends Mr Buffett is taxed essentially at 15%. There are several different reasons for and levels of, the unearned income (dividends and interest-capital gains) tax rates. This is why Mr Buffett--during the most recent tax year--paid a 17.7% rate.
One fact all the socio-fascists are ignoring:
Higher taxes do not equal higher revenue (here and here)!
Til Nex'Time....
Showing posts with label tax rates. Show all posts
Showing posts with label tax rates. Show all posts
Thursday, November 29, 2012
Thursday, March 1, 2012
This'n'That; March First #1; owe-bama LITE?!?
Romney Win Reveals Revisions
On Tuesday, 'Mitt' Romney eeked out a win in one of his home states, Michigan and a handy win in Arizona. The week previous, Mr Romney revised the tax portion of his 59-point economic revival plan. The unrevised plan would have left most tax rates unchanged and would at some future point, move to a flatter, fairer tax code.
The revised tax plan will accelerate his timetable toward 'fairness.'
Under the new plan:
There's a few owe-bamaesque problems with Mr Romney's revised tax plan. Primary of which is the proposed changes will result to an increase in the over-all deficit by $3.4 TRILLION over-ten-years.
Does 'Mitt' Romney have some newly found 'screws, loose?!?'
Hey.... 'Mitt' baby.... the objective here is to eliminate the failed socio-fascist policies of "Clown Prince ZERO-bama, the Narcissist," NOT enhance them!!
I have a couple of intertwined points that should be considered by all current GOP candidates. It's a given that the federal welfare system has evolved into a welfareRAT lifestyle; a welfareRAT career path. The Founding Fathers used--as but one basis for the Declaration of Independence as well as the United States Constitution--the basic premise of "no taxation without representation;" that all men are created equal-NOT: "Some men are created tax-exempt!"
I contend that the aforementioned premise be revised to read: "no representation without taxation." The United States and all it has to offer to those willing to strive to succeed, is for the benefit of everyone in residence. Everyone in residence should be made to feel apart of the process, apart of the results; not to be made to feel like a lesser individual, like a second-class citizen. To that end--to truly feel apart of the process--EVERYONE must have 'skin-in-the-game!' The average welfareRAT household has two cars, air conditioning, big-screen TVs, game consoles, freezers, more than one charge card; they routinely play the MegaMillion and Power Ball lotteries as well as the purchase of multiple scratch-off tickets. If said welfareRATs can have and do the things I can rarely afford to have and do, they must be subject to the same income tax code that I'm subjected to!! I'm suggesting to the various GOP candidates that they consider taxing welfare cash as well as in-kind benefits, albeit at a lesser rate.... of say, 5 to 8%. This would bring said welfareRATs up to the first-class status of being taxpayers; of being contributors to America's greatness; of being a wagon-puller, not a wagon-rider!!
As it stands today, "Clown Prince ZERO-bama, the Narcissist" has forsaken middle class males, middle and upper class women in favor of the 52% of America that are "riding-in-the-wagon," as well as the inevitable labor-union, federal and municipal-union, teachers-union, auto-union and service-union support. The various union miscreants are free to support whom-ever they wish but it seems patently unfair--if not unconstitutional--that those who don't contribute.... have a say equal to those who're "payin' the freight, here."
"That's my story 'n' I'm stickin' to it!!"
[Comments?!?]
Til Nex'Time....
On Tuesday, 'Mitt' Romney eeked out a win in one of his home states, Michigan and a handy win in Arizona. The week previous, Mr Romney revised the tax portion of his 59-point economic revival plan. The unrevised plan would have left most tax rates unchanged and would at some future point, move to a flatter, fairer tax code.
The revised tax plan will accelerate his timetable toward 'fairness.'
Under the new plan:
*Lower the current top rate from 35% to 28%, and
*Reduce the mid-level rate from 25% to 20%, and
*Reduce the lowest rate from 10% to 8%, and
*Eliminate the Alternative Minimum Tax (ATM).
There's a few owe-bamaesque problems with Mr Romney's revised tax plan. Primary of which is the proposed changes will result to an increase in the over-all deficit by $3.4 TRILLION over-ten-years.
Does 'Mitt' Romney have some newly found 'screws, loose?!?'
Hey.... 'Mitt' baby.... the objective here is to eliminate the failed socio-fascist policies of "Clown Prince ZERO-bama, the Narcissist," NOT enhance them!!
I have a couple of intertwined points that should be considered by all current GOP candidates. It's a given that the federal welfare system has evolved into a welfareRAT lifestyle; a welfareRAT career path. The Founding Fathers used--as but one basis for the Declaration of Independence as well as the United States Constitution--the basic premise of "no taxation without representation;" that all men are created equal-NOT: "Some men are created tax-exempt!"
I contend that the aforementioned premise be revised to read: "no representation without taxation." The United States and all it has to offer to those willing to strive to succeed, is for the benefit of everyone in residence. Everyone in residence should be made to feel apart of the process, apart of the results; not to be made to feel like a lesser individual, like a second-class citizen. To that end--to truly feel apart of the process--EVERYONE must have 'skin-in-the-game!' The average welfareRAT household has two cars, air conditioning, big-screen TVs, game consoles, freezers, more than one charge card; they routinely play the MegaMillion and Power Ball lotteries as well as the purchase of multiple scratch-off tickets. If said welfareRATs can have and do the things I can rarely afford to have and do, they must be subject to the same income tax code that I'm subjected to!! I'm suggesting to the various GOP candidates that they consider taxing welfare cash as well as in-kind benefits, albeit at a lesser rate.... of say, 5 to 8%. This would bring said welfareRATs up to the first-class status of being taxpayers; of being contributors to America's greatness; of being a wagon-puller, not a wagon-rider!!
As it stands today, "Clown Prince ZERO-bama, the Narcissist" has forsaken middle class males, middle and upper class women in favor of the 52% of America that are "riding-in-the-wagon," as well as the inevitable labor-union, federal and municipal-union, teachers-union, auto-union and service-union support. The various union miscreants are free to support whom-ever they wish but it seems patently unfair--if not unconstitutional--that those who don't contribute.... have a say equal to those who're "payin' the freight, here."
"That's my story 'n' I'm stickin' to it!!"
[Comments?!?]
Til Nex'Time....
Thursday, January 26, 2012
This'n'That; January Twenty-Sixth #2; Taxes
You'll NEVER Get The Truth!
Given that George Soros, The Bilderberg Group, et al, control the North American and western European media, no one will ever hear the truth so long as "Clown Prince ZERO-bama, the Narcissist" is in power. The truth is a powerful negative, relative to the owe-bama socio-fascist plans, programs and policies.
Those in control of the flow of information are continuing to cloud the issue of Mitt Romney's federal taxes and tax rates. In 2010 Mr Romney earned $21.6 Million and on that, paid $3 Million in taxes. This--per the articles--equates to a rate of 13.9%. Granted this rate is below the normal capital gains rate of 15%, why I don't know. Here's the part that Soros and Bilderberg would like to keep hidden:
That $21.6 Million is earnings as a result of the investment of a much larger amount. This 'much larger' amount has already been taxed at the 'earned income' level of 35-40% as Mr Romney's salary; more-than-likely, several years' salaries. Can you see why the aforementioned international miscreants--coupled with the federal miscreants--want this information to stay hidden?!? The more they can keep hidden--unreported--the more they can cloud the issues with innuendo; the more they tarnish Mr Romney's--and by extension, every member of his family--reputation, honesty, etc!!
In addition, the miscreants at every level would rather you not learn that in 2010, the Romneys gave nearly$3.5 Million to various charities. This equates to over $6.5 Million in income the Romneys no longer have control over!
Compare this to the "Hairplug" bidens' ANNUAL donations: 1999-$120 (0.1%); 2007-$995 (0.3%); 2010-$5,350 [including $950 in dirty drawers](0.014%).
If "plug" and his wife were to use the Romneys charitable-giving percentage (16), their donations would look more like this: 1999-$38,398; 2007-$48,000; 2010-$60,670. Can you imagine any socio-fascist owe-bamacRAT EVER giving that kinda money away?!? Hell, NO!! There's a government program--somewhere--that can cover serf class problems!!
Til Nex'Time....
Given that George Soros, The Bilderberg Group, et al, control the North American and western European media, no one will ever hear the truth so long as "Clown Prince ZERO-bama, the Narcissist" is in power. The truth is a powerful negative, relative to the owe-bama socio-fascist plans, programs and policies.
Those in control of the flow of information are continuing to cloud the issue of Mitt Romney's federal taxes and tax rates. In 2010 Mr Romney earned $21.6 Million and on that, paid $3 Million in taxes. This--per the articles--equates to a rate of 13.9%. Granted this rate is below the normal capital gains rate of 15%, why I don't know. Here's the part that Soros and Bilderberg would like to keep hidden:
That $21.6 Million is earnings as a result of the investment of a much larger amount. This 'much larger' amount has already been taxed at the 'earned income' level of 35-40% as Mr Romney's salary; more-than-likely, several years' salaries. Can you see why the aforementioned international miscreants--coupled with the federal miscreants--want this information to stay hidden?!? The more they can keep hidden--unreported--the more they can cloud the issues with innuendo; the more they tarnish Mr Romney's--and by extension, every member of his family--reputation, honesty, etc!!
In addition, the miscreants at every level would rather you not learn that in 2010, the Romneys gave nearly$3.5 Million to various charities. This equates to over $6.5 Million in income the Romneys no longer have control over!
Compare this to the "Hairplug" bidens' ANNUAL donations: 1999-$120 (0.1%); 2007-$995 (0.3%); 2010-$5,350 [including $950 in dirty drawers](0.014%).
If "plug" and his wife were to use the Romneys charitable-giving percentage (16), their donations would look more like this: 1999-$38,398; 2007-$48,000; 2010-$60,670. Can you imagine any socio-fascist owe-bamacRAT EVER giving that kinda money away?!? Hell, NO!! There's a government program--somewhere--that can cover serf class problems!!
Til Nex'Time....
Wednesday, January 18, 2012
This'n'That; January Eighteenth #1; Of Course, They're WRONG Again!
'Soros Media' Wrong On Two Fronts
The national pamphleteers--continuing to carry the 'owe-bama water'--are not only misconstruing the facts, they're outrightly LYING!! they're accusing Mitt Romney of not paying enough in taxes with his admitted 15% tax rate. Not only that, they're reporting that Romney is the richest American to ever run for president!! As full disclosure I must admit that Mitt Romney IS NOT MY GUY; I just haven't made up my mind as to the 'best in the field.' I'd vote for him as a McCain-esque "nose-holder," but that's the only way!
The Soros media isn't considering one important fact: Romney's income is primarily unearned income, from dividends and interest income. By law, the rate for unearned income is 15%. What they're not reporting is that the invested funds earning that 15% has previously been taxed as 'earned income,' probably in the neighborhood of 35-40%!!
While Mitt has substantial net worth, he's far from the richest man to run for the office of the president; that dis-honor goes to John Heinz Kerry--who served in Viet Nam!! Mister Heinz Kerry--in his 2004 tax return release--admitted to a net worth in the neighborhood of $700 million to $1 Billion!! Mister Romney is no-where close to that!!
Til Nex'Time....
The national pamphleteers--continuing to carry the 'owe-bama water'--are not only misconstruing the facts, they're outrightly LYING!! they're accusing Mitt Romney of not paying enough in taxes with his admitted 15% tax rate. Not only that, they're reporting that Romney is the richest American to ever run for president!! As full disclosure I must admit that Mitt Romney IS NOT MY GUY; I just haven't made up my mind as to the 'best in the field.' I'd vote for him as a McCain-esque "nose-holder," but that's the only way!
The Soros media isn't considering one important fact: Romney's income is primarily unearned income, from dividends and interest income. By law, the rate for unearned income is 15%. What they're not reporting is that the invested funds earning that 15% has previously been taxed as 'earned income,' probably in the neighborhood of 35-40%!!
While Mitt has substantial net worth, he's far from the richest man to run for the office of the president; that dis-honor goes to John Heinz Kerry--who served in Viet Nam!! Mister Heinz Kerry--in his 2004 tax return release--admitted to a net worth in the neighborhood of $700 million to $1 Billion!! Mister Romney is no-where close to that!!
Til Nex'Time....
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