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agreed, like pretending that earned income and investment income are the same or that FICA contributions/taxes are part of the income tax equation.
do you believe that Buffett is spewing this (he is a proclaimed dem) for altruistic reasons?
Its in my self interest. Just like cyberfellating the dems is in Buffett's best interest
and I am not engaged in any such worship or nonsense
You really have no room to talk given you bias. You whine about the right and yet I don't see the same thing when it comes from the factually challenged lefties. Or in your case, your claims about Buffett
You really have no room to talk given your bias. You whine about the right and yet I don't see the same thing when it comes from the factually challenged lefties...
No one claimed they are the exact same, only that they are both income. No one claimed that FICA is figures as part of income tax. Why can't you argue against what people are actually saying instead of making **** up?
Neither you nor I know Buffett's motivations. The difference between you and I is that I am not claiming to know.
are you accusing Redress of having a double-standard against Conservatives?
this discussion does not concern anyone else-especially you
he's trying to support the dems and Obama with being less than Honest.
Well Obama never said they all do, but the facts are that some do and some don't.
You have to look to them as individuals and not a group
His basic point is correct.
Defend Buffett's dishonesty all you want
the facts are as follows
Buffett pays the highest rate of tax on like income
FICA is not part of the federal income tax program and should play no role in it nor should FICA payments be used to recalculate the FIT for some
Defend Buffett's dishonesty all you want
the facts are as follows
Buffett pays the highest rate of tax on like income
FICA is not part of the federal income tax program and should play no role in it nor should FICA payments be used to recalculate the FIT for some
Defend Buffett's dishonesty all you want
the facts are as follows
Buffett pays the highest rate of tax on like income
FICA is not part of the federal income tax program and should play no role in it nor should FICA payments be used to recalculate the FIT for some
I would imagine that Buffet has his fica paid by late January wouldn’t you think? Unlike the working poor and middle-class, who have seen real wages shrink, pay fica all year.:2wave:
I would imagine that Buffet has his fica paid by late January wouldn’t you think? Unlike the working poor and middle-class, who have seen real wages shrink, pay fica all year.:2wave:
according to the IRS, out of the nearly 237,000 households that reported more than a million dollars income, less than a single percentage point pay less than the average middle class household. The President was either wrong, or lying.
actually, since we are talking about tax policy, we are discussing income brackets - which are groups. Unless you would recommend a separate income tax rate for every individual in America?
Not on a 100,000 a year salary. FICA isn't collected on investment income. What does FICA have to do with anything here, it is a retirement contribution. If someone pays it all year so what, they get a check back when they retire from that fund.
I would imagine that Buffett had his FICA paid up around noonish on January 1st.
So you argue one the one hand that FICA is a farce and the money won't be there, and then you turn around and argue that it's like some kind of savings account? Interesting.
Since you don't seem to understand SS not surprised at your statement. SS is a retirement supplement. Is it your contention that people shouldn't be paying into the SS fund and then get a check back from whom? SS payments were supposed to me that you were putting money aside for retirement, a foreign concept for many. Why you think differently is beyond me.
I didn't say I think differently. I was simply pointing out your inconsistent arguments.
It is only inconsistent if you aren't following the argument I am making. SS has been spent on everything other than SS and that is why there is a shortfall there. Politicians have used that money so what do you want to do? Send them more money by raising taxes? You don't see a problem with that argument?
Again, you can't square that statement with this statement: "What does FICA have to do with anything here, it is a retirement contribution. If someone pays it all year so what, they get a check back when they retire from that fund."
Sorry, but I sure can, SS contributions directly come back to those that contributed, FIT never does
Sorry, but I sure can, SS contributions directly come back to those that contributed, FIT never does
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