LoL, I wonder if Rev. Al even knows what capital gains is... in fact, I'm insulted that he even continues to carry a title of Reverend. Makes all the legit ones look bad... When he can ask a fair question that'd be great too.
Its unfortunate, but Rev. Al is twisting the truth and nobody is telling the truth! The truth is that there is no way anyone in this country can pay a tax lower than the IRS states. Just because someone is in the 35% tax bracket doesnt mean he pays 35% in taxes! With a good accountant and tax deductions, you to could be paying a net amount less than the tax rate stated by the IRS.
Truly FAIR would be everyone pays the same RATE. According to the factual IRS tax data, the income tax rate still INCREASES steadily as annual income goes up, EVEN AFTER all deductions, loopholes, etc. The rate PAID is 0.0% for 47% of American's. Tax rate PAID increases steadily from around 10% for those making $25,000-$50,000 to around 30% for those making $500,000 or more. THOSE ARE THE FACTS, and the FACTS are more than FAIR ! Sharpton is a misinformed clown. (and lying about his own rate)
Huelskamp is correct. Sharpton, Obama, and Buffet are trying to mislead the gullible with a very NON-average anecdote.To pay a 30% income tax rate, she has to make over $200,000 a year with little or no exemption&deductions (like no kids, no mortgage), but probably making more like $500,000/yr. It is IMPOSSIBLE for someone making middle income to pay a 30% tax rate unless they owe an enormous amount of back taxes. Buffet's secretary should release her tax return so the public can see the truth.
OMG, “is it fair that a CEO pays a lower tax rate than his secretary” or “is it retarded that Obama and this asshole actually believe that bullshit” Al Sharpton, what a complete hypocritical retard. Why is MSNBC completely irrelevant? Idiots like Sharpton.
@maconsumner I don't think its fair that we have to pay for these wars, we have to pay for bad bets in wall st and for the big banks which total over 8 trillion in bailouts
Al Sharpton and Warren Buffet are tax cheats. And how the hell is Buffet's secretary "typical middle class?" She makes $450k a year! If it weren't for republicans taking over the house and blocking the administration's attempts to raise taxes on everybody making $250k and up, HER TAXES WOULD HAVE BEEN HIGHER!!!
Buffet's tax rate is lower because he actually pays himself a lower salary than her. He makes his money off capital gains, which is taxed at a rate lowered to 15% under Clinton.
@idiotfinder911 the wealthy pay the most income tax, the 15% comes from capital gains tax meaning they probably found a loop hole to make it look like he already payed income tax and then used that money to invest in the stock market any net increasing from the supposedly taxed income is 15%
When the wealthy pays the income tax and then the capital gains tax they then pay one at the rate and the other after the initiial payment of capitial gains when it was past in the bill.
I will say that they do pay more than them and when they do they should pay equal to them. But if they dont pay the same them they should pay say that they dont pay as much as they do. And when they say they dont pay at 15%, then 100% of them should pay the same initial tax as them!!!
Al Sharpton has $3.5 mil.for 2010...great promoter for poor workers and unenployed dumbsters.His boss is richest American together with all Federal Reserve Bufetts...
LoL, I wonder if Rev. Al even knows what capital gains is... in fact, I'm insulted that he even continues to carry a title of Reverend. Makes all the legit ones look bad... When he can ask a fair question that'd be great too.
HectorElite 4 weeks ago
Its unfortunate, but Rev. Al is twisting the truth and nobody is telling the truth! The truth is that there is no way anyone in this country can pay a tax lower than the IRS states. Just because someone is in the 35% tax bracket doesnt mean he pays 35% in taxes! With a good accountant and tax deductions, you to could be paying a net amount less than the tax rate stated by the IRS.
MAANTV 1 month ago
Wow! White dude's devil spilled out. Can't even answer the question with a yes or no. Sad.
gorillafix 1 month ago
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Truly FAIR would be everyone pays the same RATE. According to the factual IRS tax data, the income tax rate still INCREASES steadily as annual income goes up, EVEN AFTER all deductions, loopholes, etc. The rate PAID is 0.0% for 47% of American's. Tax rate PAID increases steadily from around 10% for those making $25,000-$50,000 to around 30% for those making $500,000 or more. THOSE ARE THE FACTS, and the FACTS are more than FAIR ! Sharpton is a misinformed clown. (and lying about his own rate)
NoStreetBs 1 month ago
This has been flagged as spam show
Huelskamp is correct. Sharpton, Obama, and Buffet are trying to mislead the gullible with a very NON-average anecdote.To pay a 30% income tax rate, she has to make over $200,000 a year with little or no exemption&deductions (like no kids, no mortgage), but probably making more like $500,000/yr. It is IMPOSSIBLE for someone making middle income to pay a 30% tax rate unless they owe an enormous amount of back taxes. Buffet's secretary should release her tax return so the public can see the truth.
NoStreetBs 1 month ago
Great job, Congressman.
shannonwilkerson 1 month ago
Damn, there are some stupid people here.
frankenstang57 1 month ago
OMG, “is it fair that a CEO pays a lower tax rate than his secretary” or “is it retarded that Obama and this asshole actually believe that bullshit” Al Sharpton, what a complete hypocritical retard. Why is MSNBC completely irrelevant? Idiots like Sharpton.
maconsumner 1 month ago 2
@maconsumner I don't think its fair that we have to pay for these wars, we have to pay for bad bets in wall st and for the big banks which total over 8 trillion in bailouts
aaronmoravek 3 weeks ago
Politicians sure know how to redirect questions, lol.
jgibman1 1 month ago
how about less spending less taxes less entitlements less war less police less lobbying less government, that sounds fair to me
aaronmoravek 1 month ago
Al Sharpton and Warren Buffet are tax cheats. And how the hell is Buffet's secretary "typical middle class?" She makes $450k a year! If it weren't for republicans taking over the house and blocking the administration's attempts to raise taxes on everybody making $250k and up, HER TAXES WOULD HAVE BEEN HIGHER!!!
Buffet's tax rate is lower because he actually pays himself a lower salary than her. He makes his money off capital gains, which is taxed at a rate lowered to 15% under Clinton.
pimpdalyrical 1 month ago 2
Im pissed at Conservatives for not even thinking to say middle class pays too much. How about a cut for the middle class.
idiotfinder911 1 month ago
@idiotfinder911 the wealthy pay the most income tax, the 15% comes from capital gains tax meaning they probably found a loop hole to make it look like he already payed income tax and then used that money to invest in the stock market any net increasing from the supposedly taxed income is 15%
aaronmoravek 1 month ago
@aaronmoravek
When the wealthy pays the income tax and then the capital gains tax they then pay one at the rate and the other after the initiial payment of capitial gains when it was past in the bill.
I will say that they do pay more than them and when they do they should pay equal to them. But if they dont pay the same them they should pay say that they dont pay as much as they do. And when they say they dont pay at 15%, then 100% of them should pay the same initial tax as them!!!
idiotfinder911 1 month ago
Al Sharpton has $3.5 mil.for 2010...great promoter for poor workers and unenployed dumbsters.His boss is richest American together with all Federal Reserve Bufetts...
slodok9 1 month ago
bahahahah I love watching him squirm at the end when the Congressman asks the reverend what his income is... too funny!!!!
jordan17bliss 1 month ago