[CA renter]

If Buffet or Barkley or whoever wants to pay more, please ask them why they are not voluntarily doing so right now.
————–

Charity biography
The world’s second richest man continues to make his fortune in investment and turn it to philanthropy in the grand tradition of Carnegie and Rockefeller. In 2006 he made American history by making the largest ever charitable donation by an individual – $37bn to the Bill and Melinda Gates Foundation.

http://www.looktothestars.org/celebrity/183-warren-buffett

Additionally, I saw an interview with an IRS representative who said there are people who give large sums, anonymously to the IRS (seriously!). I think it’s highly probably that Mr. Buffett would be one of those people.

[CA renter]

Warren Buffett is often referring to capital gains tax and the 15% cap on dividends and LT gains. He’s said it should be taxed at the same rate as earned income.

Also, advocating for a progressive tax is NOT advocating for 100% taxation on wages.

The question is whether or not concentrating wealth in fewer hands is a good thing for a society. Show me ONE country that has low/no taxes and is prosperous. I can show you many countries that have high tax rates and have the best healhtcare, life expectancies, literacy rates, lowest poverty rates, etc.
——————-

Life expectancies (if you’re trying to find the U.S., look next to #47):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html

Literacy rates:

http://www.indexmundi.com/g/r.aspx?t=10&v=39

Poverty rates (interesting, as it looks like mixed results):

http://www.nationmaster.com/graph/eco_pop_bel_pov_lin-economy-population-below-poverty-line

Current account balances (guess who’s worst!!!):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

Quality of living survey (looks like “higher taxes” win here, too):

http://www.finfacts.ie/qualityoflife.htm

[CA renter]

Warren Buffett is often referring to capital gains tax and the 15% cap on dividends and LT gains. He’s said it should be taxed at the same rate as earned income.

Also, advocating for a progressive tax is NOT advocating for 100% taxation on wages.

The question is whether or not concentrating wealth in fewer hands is a good thing for a society. Show me ONE country that has low/no taxes and is prosperous. I can show you many countries that have high tax rates and have the best healhtcare, life expectancies, literacy rates, lowest poverty rates, etc.
——————-

Life expectancies (if you’re trying to find the U.S., look next to #47):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html

Literacy rates:

http://www.indexmundi.com/g/r.aspx?t=10&v=39

Poverty rates (interesting, as it looks like mixed results):

http://www.nationmaster.com/graph/eco_pop_bel_pov_lin-economy-population-below-poverty-line

Current account balances (guess who’s worst!!!):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

Quality of living survey (looks like “higher taxes” win here, too):

http://www.finfacts.ie/qualityoflife.htm

[CA renter]

Warren Buffett is often referring to capital gains tax and the 15% cap on dividends and LT gains. He’s said it should be taxed at the same rate as earned income.

Also, advocating for a progressive tax is NOT advocating for 100% taxation on wages.

The question is whether or not concentrating wealth in fewer hands is a good thing for a society. Show me ONE country that has low/no taxes and is prosperous. I can show you many countries that have high tax rates and have the best healhtcare, life expectancies, literacy rates, lowest poverty rates, etc.
——————-

Life expectancies (if you’re trying to find the U.S., look next to #47):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html

Literacy rates:

http://www.indexmundi.com/g/r.aspx?t=10&v=39

Poverty rates (interesting, as it looks like mixed results):

http://www.nationmaster.com/graph/eco_pop_bel_pov_lin-economy-population-below-poverty-line

Current account balances (guess who’s worst!!!):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

Quality of living survey (looks like “higher taxes” win here, too):

http://www.finfacts.ie/qualityoflife.htm

[CA renter]

Warren Buffett is often referring to capital gains tax and the 15% cap on dividends and LT gains. He’s said it should be taxed at the same rate as earned income.

Also, advocating for a progressive tax is NOT advocating for 100% taxation on wages.

The question is whether or not concentrating wealth in fewer hands is a good thing for a society. Show me ONE country that has low/no taxes and is prosperous. I can show you many countries that have high tax rates and have the best healhtcare, life expectancies, literacy rates, lowest poverty rates, etc.
——————-

Life expectancies (if you’re trying to find the U.S., look next to #47):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html

Literacy rates:

http://www.indexmundi.com/g/r.aspx?t=10&v=39

Poverty rates (interesting, as it looks like mixed results):

http://www.nationmaster.com/graph/eco_pop_bel_pov_lin-economy-population-below-poverty-line

Current account balances (guess who’s worst!!!):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

Quality of living survey (looks like “higher taxes” win here, too):

http://www.finfacts.ie/qualityoflife.htm

[CA renter]

Warren Buffett is often referring to capital gains tax and the 15% cap on dividends and LT gains. He’s said it should be taxed at the same rate as earned income.

Also, advocating for a progressive tax is NOT advocating for 100% taxation on wages.

The question is whether or not concentrating wealth in fewer hands is a good thing for a society. Show me ONE country that has low/no taxes and is prosperous. I can show you many countries that have high tax rates and have the best healhtcare, life expectancies, literacy rates, lowest poverty rates, etc.
——————-

Life expectancies (if you’re trying to find the U.S., look next to #47):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html

Literacy rates:

http://www.indexmundi.com/g/r.aspx?t=10&v=39

Poverty rates (interesting, as it looks like mixed results):

http://www.nationmaster.com/graph/eco_pop_bel_pov_lin-economy-population-below-poverty-line

Current account balances (guess who’s worst!!!):

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

Quality of living survey (looks like “higher taxes” win here, too):

http://www.finfacts.ie/qualityoflife.htm

[CA renter]

Just to clarify, I define “rich” as those whose income is derived primarily from capital gains.

There is no reason, whatsoever, to tax cap gains at a lower rate than labor. This tax scheme was designed specifically to increase the rate at which more money could be funneled into the pockets of “the rich.”

That being said, I would lower corporate taxes (and have strict requirements on how they use that money — only for expanding business and hiring more people, NOT for executive compensation).

BTW, I do not believe in sales tax, property tax, or inheritance tax.

[CA renter]

Just to clarify, I define “rich” as those whose income is derived primarily from capital gains.

There is no reason, whatsoever, to tax cap gains at a lower rate than labor. This tax scheme was designed specifically to increase the rate at which more money could be funneled into the pockets of “the rich.”

That being said, I would lower corporate taxes (and have strict requirements on how they use that money — only for expanding business and hiring more people, NOT for executive compensation).

BTW, I do not believe in sales tax, property tax, or inheritance tax.

[CA renter]

Just to clarify, I define “rich” as those whose income is derived primarily from capital gains.

There is no reason, whatsoever, to tax cap gains at a lower rate than labor. This tax scheme was designed specifically to increase the rate at which more money could be funneled into the pockets of “the rich.”

That being said, I would lower corporate taxes (and have strict requirements on how they use that money — only for expanding business and hiring more people, NOT for executive compensation).

BTW, I do not believe in sales tax, property tax, or inheritance tax.

[CA renter]

Just to clarify, I define “rich” as those whose income is derived primarily from capital gains.

There is no reason, whatsoever, to tax cap gains at a lower rate than labor. This tax scheme was designed specifically to increase the rate at which more money could be funneled into the pockets of “the rich.”

That being said, I would lower corporate taxes (and have strict requirements on how they use that money — only for expanding business and hiring more people, NOT for executive compensation).

BTW, I do not believe in sales tax, property tax, or inheritance tax.

[CA renter]

Just to clarify, I define “rich” as those whose income is derived primarily from capital gains.

There is no reason, whatsoever, to tax cap gains at a lower rate than labor. This tax scheme was designed specifically to increase the rate at which more money could be funneled into the pockets of “the rich.”

That being said, I would lower corporate taxes (and have strict requirements on how they use that money — only for expanding business and hiring more people, NOT for executive compensation).

BTW, I do not believe in sales tax, property tax, or inheritance tax.

[CA renter]

Warren Buffett also thinks the rich need to pay higher taxes:

Speaking at a $4,600-a-seat fundraiser in New York for
Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

[CA renter]

Warren Buffett also thinks the rich need to pay higher taxes:

Speaking at a $4,600-a-seat fundraiser in New York for
Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

[CA renter]

Warren Buffett also thinks the rich need to pay higher taxes:

Speaking at a $4,600-a-seat fundraiser in New York for
Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

[CA renter]

Warren Buffett also thinks the rich need to pay higher taxes:

Speaking at a $4,600-a-seat fundraiser in New York for
Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

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