Forbes vs Buffet...who's right?

[DTorrchia]

This appeared in Forbes magazine two days ago.
http://news.yahoo.com/taxpayers-leer...222327456.html

When Buffet first made the statement, I thought to myself, if you feel that way, why not simply give the government some of your money? If you feel so bad about the deficit and our economy, why not put a few million where your mouth is?
I'm not sure I agree with the position this writer in Forbes takes in regards to the negatives involved in a Capital Gains tax but I do agree with him that Buffet is being disingenuous.

[BigGerman]

It's real easy for Buffet to sit back and say he should pay more, since he's practically "made" all his money already. For all practical purposes, his income is interest and dividend income. Increasing taxes hurts those in the US that aspire to be the next Buffet

[austin_voy]

Jimmy.

I once had the opportunity to tell Teddy he should just right a two million dollar check. He looked kind of offended.

[WyldemanATX]

He should just fire his team of accountants that help him save money at tax time, or keep them employed just tell them they get a bonus for not saving him money at tax time.

[DTorrchia]

Originally Posted by Wyldeman30

He should just fire his team of accountants that help him save money at tax time, or keep them employed just tell them they get a bonus for not saving him money at tax time.

You do see the irony though that he's going around preaching how the Government should be taxing him and his fellow millionaires MORE while he shelters his profits in multiple foundations so that it can't be taxed?

[Billy_Saul]

What else would you expect?

Buffett to Host Obama Fundraiser in New York...

[WyldemanATX]

Of course I do....

[Yssup Rider]

Ahhh... at least the liberal media isn't behind this one! Or is it?

[DTorrchia]

And in fresh Warren Buffet news....
http://news.yahoo.com/warren-buffett...132343764.html

Doesn't it just make you feel warm and fuzzy that after receiving BILLIONS of dollars from the Government Troubled Asset Relief Program, Bank of America once again finds itself in this position:
"Bank of America has been plagued by fears that bad mortgage loans and legal liabilities from loans packaged into bonds by its Countrywide unit could drag it into tens of billions of dollars in fresh losses that would stretch its capital."

So Buffet rides in to the rescue so his buddy Obama won't have to. After all, it wouldn't do to have the Government hand out BILLIONS more to BOA while Obama is running for re-election.

Here's an idea. How about we simply let BOA FAIL. I personally stopped banking with them before the bailout. If you can't figure out how to run a bank profitably, maybe you shouldn't be in the banking business!!!! Isn't THAT Capitalism??!!!

[WyldemanATX]

Warren Buffett Underpays Taxes; Hires Lawyers to Fight IRS!
This from the same guy that tells Congress to raise taxes on the wealthy!



http://tinyurl.com/3oa7tga http://tinyurl.com/3l25248

[Munchmasterman]

Originally Posted by DTorrchia

And in fresh Warren Buffet news....
http://news.yahoo.com/warren-buffett...132343764.html

Doesn't it just make you feel warm and fuzzy that after receiving BILLIONS of dollars from the Government Troubled Asset Relief Program, Bank of America once again finds itself in this position:
"Bank of America has been plagued by fears that bad mortgage loans and legal liabilities from loans packaged into bonds by its Countrywide unit could drag it into tens of billions of dollars in fresh losses that would stretch its capital."

So Buffet rides in to the rescue so his buddy Obama won't have to. After all, it wouldn't do to have the Government hand out BILLIONS more to BOA while Obama is running for re-election.

Here's an idea. How about we simply let BOA FAIL. I personally stopped banking with them before the bailout. If you can't figure out how to run a bank profitably, maybe you shouldn't be in the banking business!!!! Isn't THAT Capitalism??!!!

Open your eyes and get with the program. Capitalism did just happen. A private investor stepped in, invested in the company and made a shitload of profit. They received no new federal funds, the stockholders won, no jobs were lost but you’re still pissed. Because they didn’t fail as you wanted them to. Because you are also wrong about the ability to give them more money. Or didn’t you know that the house wouldn’t agree?

[Munchmasterman]

Originally Posted by Wyldeman30

Warren Buffett Underpays Taxes; Hires Lawyers to Fight IRS!
This from the same guy that tells Congress to raise taxes on the wealthy!



http://tinyurl.com/3oa7tga http://tinyurl.com/3l25248

If you are disputing the taxes owed, you don’t pay until final amount is decided on. They didn’t not file and there is not a word about improper conduct. Thousands of teabaggers, repubs, and demos are in the same boat, just a smaller scale. Change your tampons and move on.

[Munchmasterman]

Originally Posted by DTorrchia

You do see the irony though that he's going around preaching how the Government should be taxing him and his fellow millionaires MORE while he shelters his profits in multiple foundations so that it can't be taxed?

Why would he pay a penny extra till others buy in too? He uses the same Bush tax cuts as every one else.

You bitch about one guy but don’t call on anyone else. If rush or glenn or any other of the bitch brigade actually lived or acted like they claim the democrats should, that would be the day Jesus would call to inform us of the Second Coming.

From area code 801.

[Munchmasterman]

Originally Posted by austin_voy

Jimmy.

I once had the opportunity to tell Teddy he should just right a two million dollar check. He looked kind of offended.

Probably because you were wrong to write "write" as "right".

[Yssup Rider]

Originally Posted by Munchmasterman

Probably because you were wrong to write "write" as "right".

Your write!