Warren Buffett - Who Pays More Taxes?
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@PissedFechtmeister That 35% is on the "Profits" of that company.His income comes before profit of the company. Your fudging the numbers to appear that he is paying more when he isn't.
BXBZ88 1 month ago in playlist More videos from WarrenBuffettBlog
Buffett's not being honest about his taxes. Before he gets his money the corporation pays a 35% tax on that money. Then he pays an additional 15% on top of that. So his real tax rate is closer to 45%; much higher than what his secretary pays. Even when you include payroll taxes the US federal tax structure is very progressive (and you get that payroll tax back when you retire).
PissedFechtmeister 3 months ago
Kinda funny he wants to pay more taxes, and he is suing the IRS to stop having to pay $600M in taxes. All the people who want more taxes seem to say YOU pay more taxes, I'll still get out of it. GE made 14B profit paid ZERO. Walmart made $22B and paid $7.1. Exxon and Bank of America Paid ZERO, but Target paid $2.8B.
ERASE THE TAX CODE AND MAKE IT FLAT !
I want Exxon, GE, and BoA to pay the same percentage as Joes Pizza, and Big Mike's Car Wash.
Brantoc 3 months ago
What kind of idiots gave this a dislike? You don't like that the super-rich THEMSELVES recognize that they should pay their fair share to a society that has made them rich? What kind of manipulated fools would argue when the billionaires THEMSELVES tell you they are paying too little in taxes? Republicans have absolutely drained the intelligence from this country.
truthslap 6 months ago
Stop the waste and stupid-spending first. Then close tax loopholes. Then, if the US must have new revenue, get millionaires off government benefits of any kind: farm subsidies, VA, Social Security, Medicare, green energy......then we'll talk about a national sales tax to get some money from crooks/illegals.........then talk about raising taxes after those things have been taken care of.
vechorik 6 months ago
Perhaps he feels guilty because he hasn't really earned his money? He got bailed out with TARP funds - special deal with the FEDs the details were reported in the press.
Government sweetheart deals and insider cartels are not part of capitalism.
xtronics 11 months ago