Is Warren Buffett stretching the truth?

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  • 12clicks
    Too lazy to set a custom title
    • Jan 2001
    • 19813

    #151
    Originally posted by TheDoc
    Yes idiot... if you make more money, you pay more taxes... wow, holy fucking shit, no way man? Just based on the standard tax bracket, any idiot would know that.

    The top 1% guy paid the exact same % on his $18.9k as well, 4.3 average... it's the money over that brings his rate up, AS HE SCALES, god damn you're stupid.

    If you've ever ACTUALLY really earned any money in your life.. you would know this... if you actually ran a real full on business, you would know this. Yeah... you're that big of an idiot.
    dear unemployed half wit, the topic of this thread is about warren buffett stretching the truth. My facts from the CBO prove that he is. Please let the adults discuss the topic.

    Now I know that you resent me because I'm successful and you're a hanger on in this business. I understand that being mentally challenged, you couldn't shift with the business. its ok son, this biz isn't for everyone. just wink out like the rest of your kind. pissing up at me won't get you a job.
    I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

    Comment

    • Minte
      Babemeister
      • Jun 2001
      • 7081

      #152
      Originally posted by TheDoc
      Yes idiot... if you make more money, you pay more taxes... wow, holy fucking shit, no way man? Just based on the standard tax bracket, any idiot would know that.

      The top 1% guy paid the exact same % on his $18.9k as well, 4.3 average... it's the money over that brings his rate up, AS HE SCALES, god damn you're stupid.

      If you've ever ACTUALLY really earned any money in your life.. you would know this... if you actually ran a real full on business, you would know this. Yeah... you're that big of an idiot.
      In the sales game this strategy is.... If you can't wow them with the facts. Blind them with bullshit.
      Mr. Clicks has clearly run successful businesses. And anyone that posts here knows that. What is it you have done that we aren't aware of.
      You might not be as anonymous as you think you are.

      Comment

      • 12clicks
        Too lazy to set a custom title
        • Jan 2001
        • 19813

        #153
        Originally posted by Relentless
        Now post the figures for the top .01% and for the top 400 specifically.

        Also, as I stated earlier, the brackets are what is broken.
        An heir earning 2% tax free on 100 Million invested in municipal bonds pays 0 tax on their 2M payout per year.
        A person who earns 2M as payroll pays 30%+ on the same amount, and had to actually earn their money.

        I'm also curious how useful your chart is, and if they are including all forms of income or only including taxable income.
        If it's only including 'taxable income' the numbers are badly skewed.

        Warren Buffet paid 16.2% in federal income tax on around 50 Million in earnings.
        That is not a guess or a fancy hypothesis from a convoluted economic model. It's on his actual tax return.
        That is not right. He agrees it's not right. Yet you are here pissng up at your betters and telling him he is wrong.

        When, not if, we move to a national sales tax and/or flat tax with zero loopholes the problem will be solved, along with a slew of other inefficient assanine and absurd tax policy pitfalls. Until then, a very simple and fair fix is to include 'an absolute' tax rate that no deduction or loophole will allow a person to ignore within their own bracket. A smilar 'absolute tax rate' on the corporate side would do a lot prevent asset shifting overseas and to prevent companies like Golman Sachs from paying 2% or less per year.
        oh look, another unemployed know it all coming in to explain the CBO's numbers are wrong.

        son, no matter how much the government takes from your betters, than money will never make it into your hands.
        I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

        Comment

        • TheDoc
          Too lazy to set a custom title
          • Jul 2001
          • 13827

          #154
          Originally posted by 12clicks
          dear unemployed half wit, the topic of this thread is about warren buffett stretching the truth. My facts from the CBO prove that he is. Please let the adults discuss the topic.

          Now I know that you resent me because I'm successful and you're a hanger on in this business. I understand that being mentally challenged, you couldn't shift with the business. its ok son, this biz isn't for everyone. just wink out like the rest of your kind. pissing up at me won't get you a job.
          Oh look more lame twists, waahhhhhhh I didn't follow 12cunts rules, what a little bitch..

          No Those Numbers Do Not Prove That, you're too damn stupid to understand how any of this works. wow, wow, and wow.. you REALLY are that stupid. HAHAHAHAHAHA.

          What a poser, I'm a big daddy, telling mr buffet he's wrong... I'm his upper, what a loser.
          ~TheDoc - ICQ7765825
          It's all disambiguation

          Comment

          • 12clicks
            Too lazy to set a custom title
            • Jan 2001
            • 19813

            #155
            Originally posted by TheDoc
            Oh look more lame twists, waahhhhhhh I didn't follow 12cunts rules, what a little bitch..

            No Those Numbers Do Not Prove That, you're too damn stupid to understand how any of this works. wow, wow, and wow.. you REALLY are that stupid. HAHAHAHAHAHA.

            What a poser, I'm a big daddy, telling mr buffet he's wrong... I'm his upper, what a loser.
            and the unemployed monkey continues to throw shit.

            no surprise.
            I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

            Comment

            • TheDoc
              Too lazy to set a custom title
              • Jul 2001
              • 13827

              #156
              Originally posted by Minte
              In the sales game this strategy is.... If you can't wow them with the facts. Blind them with bullshit.
              Mr. Clicks has clearly run successful businesses. And anyone that posts here knows that. What is it you have done that we aren't aware of.
              I've made a shit ton more than 12cunts and I'm a good bit younger.

              I owned Largecash, several other programs, content plugins, we've created technology still in use today, and have been doing this successfully, for 15 years now.

              Plenty of others that spank my ass... but not that idiot.
              ~TheDoc - ICQ7765825
              It's all disambiguation

              Comment

              • TheDoc
                Too lazy to set a custom title
                • Jul 2001
                • 13827

                #157
                Originally posted by 12clicks
                and the unemployed monkey continues to throw shit.

                no surprise.
                Huh? Yeah I guess I'm unemployed... as in, I haven't worked for someone else in like 15 years?

                I know your brain is in backwards, but most of us here are business owners....
                ~TheDoc - ICQ7765825
                It's all disambiguation

                Comment

                • directfiesta
                  Too lazy to set a custom title
                  • Oct 2002
                  • 30135

                  #158
                  Originally posted by TheDoc
                  I've made a shit ton more than 12cunts and I'm a good bit younger.

                  I owned Largecash, several other programs, content plugins, we've created technology still in use today, and have been doing this successfully, for 15 years now.

                  Plenty of others that spank my ass... but not that idiot.
                  We require proof when accusations are made around here. Saying go look it up on the interwebs is not proof. Show clear and concise proof, not hearsay, proof unless you would like a vacation!
                  Last edited by Eric; 09-21-2011, 10:31 AM.
                  I know that Asspimple is stoopid ... As he says, it is a FACT !

                  But I can't figure out how he can breathe or type , at the same time ....

                  Comment

                  • 12clicks
                    Too lazy to set a custom title
                    • Jan 2001
                    • 19813

                    #159
                    Originally posted by TheDoc
                    I've made a shit ton more than 12cunts and I'm a good bit younger.

                    I owned Largecash, several other programs, content plugins, we've created technology still in use today, and have been doing this successfully, for 15 years now.

                    Plenty of others that spank my ass... but not that idiot.
                    ahahaha!

                    all that brilliance and the only thing you dare name is a parked domain.

                    yes, son, you're doing great!
                    I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                    Comment

                    • Relentless
                      www.EngineFood.com
                      • Aug 2006
                      • 5697

                      #160
                      Originally posted by 12clicks
                      oh look, another unemployed know it all coming in to explain the CBO's numbers are wrong.
                      son, no matter how much the government takes from your betters, than money will never make it into your hands.
                      Actually Ronald it's 'unemployed know it all' Warren Buffet who has explained your numbers are wrong.
                      And you prattling on arguing with him about an amount and a tax policy problem that you personally will never reach.

                      TheDoc keeps pointing out that we have a graduated tax bracket system where we all pay an identical rate on the money we earn at each level of taxation. The guy earning 18K doesn't pay any more or any less than you, me, or Warren buffet on our first 18K and so on up through each bracket. He is correct, though he does a poor job of explaining it.

                      The simple fact is that the bracket 'tax rates' have become meaningless.
                      What matters are the actual tax rates people are paying on their income.
                      When deductions and loopholes allow people to reduce their actual tax rate to the lowest bracket from the highest bracket... Who cares what the brackets are listed at?
                      An absolute tax rate that capped all deductions and loopholes is a simple and effective fix for the problem.
                      If the defined bracket was stated instead as 'starting at 35% but never less than 30% regardless of deductions' the gamesmanship would be curtailed and we would begin to have much more meaningful discussions about tax policy because the rates would matter. As it is now, a large percentage of people aren't paying their rate and could care less what it became. If the highest bracket suddenly went to 99% you would still see Warren Buffet paying close to 17% because the bracket has little bearing on his taxation.
                      Last edited by Relentless; 09-21-2011, 05:50 AM.


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                      • 12clicks
                        Too lazy to set a custom title
                        • Jan 2001
                        • 19813

                        #161
                        Originally posted by Relentless
                        Actually Ronald it's 'unemployed know it all' Warren Buffet who has explained your numbers are wrong.
                        And you prattling on arguing with him about an amount and a tax policy problem that you personally will never reach.

                        TheDoc keeps pointing out that we have a graduated tax bracket system where we all pay an identical rate on the money we earn at each level of taxation.
                        The guy earning 18K doesn't pay any more or any less than you, me, or Warren buffet on our first 18K and so on up through each bracket.
                        He is correct, though he does a poor job of explaining it.

                        The simple fact is that the bracket 'tax rates' have become meaningless.
                        What matters are the actual tax rates people are paying on their income.
                        When deductions and loopholes allow people to reduce their actual tax rate to the lowest bracket from the highest bracket... Who cares what the brackets are listed at?
                        An absolute tax rate that capped all deductions and loopholes is a simple and effective fix for the problem.
                        If the a defined bracket was stated instead as 'starting at 35% but never less than 30% regardless of deductions' the gamesmanship would be curtailed and we would begin to have much more meaningful discussions about tax policy because the rates would matter. As it is now, a large percentage of people aren't paying their rate and could care less what it became. If the highest bracket suddenly went to 99% you would still see Warren Buffet paying close to 17% because the bracket has little bearing on his taxation.
                        dear unemployed know it all.
                        in the facts below, you'll note that the CBO numbers are "effective tax rates"
                        for those of you without the intelligence to hold a job, I'll explain that that means "what is actually paid"

                        http://www.washingtonpost.com/blogs/...d0iK_blog.html

                        When you add up all of the various taxes, and look at the effective tax rates, it is clear the tax system is already pretty progressive. Everyone pays some tax, even those who pay no federal income taxes, and the wealthiest pay a larger percentage share of taxes. Here?s the effective tax rate for all of the groups, according to the CBO:
                        Lowest quintile (23.4 million taxpayers), zero to $18,900: 4.3 percent
                        Second lowest quintile (22.4 million), $18,900-$32,100: 10.2 percent
                        Middle quintile (22.9 million), $32,100-$47,400: 14.2 percent
                        Fourth quintile (23 million), $47,400-$71,200: 17.6 percent
                        Highest quintile (23.6 million), above $71,200: 25.8 percent
                        Top 10 percent (12 million), minimum income of $98,100: 27.5 percent
                        Top 5 percent (5.9 million), minimum income of $134,400: 29 percent
                        Top 1 percent (1.1 million), minimum income of $332,300: 31.2 percent
                        I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                        Comment

                        • 12clicks
                          Too lazy to set a custom title
                          • Jan 2001
                          • 19813

                          #162
                          you can tell who's never made money on this board by the amount of myths they believe
                          I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                          Comment

                          • Relentless
                            www.EngineFood.com
                            • Aug 2006
                            • 5697

                            #163
                            Again Ronald, post the numbers for the top .01% and for the top 400

                            Top 1% is 380K income
                            Top .01% is 6M income

                            They have nothing to do with each other

                            Thanks.
                            Last edited by Relentless; 09-21-2011, 05:53 AM.


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                            • 12clicks
                              Too lazy to set a custom title
                              • Jan 2001
                              • 19813

                              #164
                              Originally posted by Relentless
                              Again Ronald, post the numbers for the top .01% and for the top 400

                              Top 1% is 380K income
                              Top .01% is 6M income

                              They have nothing to do with each other

                              Thanks.
                              sorry chump, in the world of the unemployed I'm sure you have a point but the top 400 earners paid on average over $45 million dollars each in taxes.
                              In your pathetic world where you pay ZERO income tax, you'd think you'd have just the tiniest bit of class and intelligence to understand that someone paying $45 million for the same thing you get for free, is most certainly enough.
                              Its not the top who is the problem, its you, the leeching bottom that is the problem.
                              I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

                              Comment

                              • Relentless
                                www.EngineFood.com
                                • Aug 2006
                                • 5697

                                #165
                                So Ronald...

                                If the 'average' person in the top .01% paid 35%
                                and someone, or several someones in the top .01% paid 16%
                                the harm of having a rule that anyone in the top 1% must pay an absolute minimum of 30% would be?


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