TruthSeeker
Well-Known Member
- Joined
- Mar 27, 2011
- Messages
- 836
Re: Dems: highest 2% of earners,who already pay 50% of all incm taxes, must pay even
I absolutely agree with Buffett. That's why this country needs a FLAT TAX or the Fair Tax Plan.
It also depends on what Buffett means by "tax burden". Is he talking about actual DOLLARS paid in taxes, or is he talking about the PERCENTAGE paid in taxes. I have to assume Buffett is talking about percentage. In that case, I AGREE with him.
I believe there should be ZERO tax loopholes, for private individuals and for businesses. A flat percentage is the ONLY "fair" way to levy taxes. No minimum or maximum income levels. If "Joe Average" make 50K a year, he pays (for the sake of argument) 10% in income taxes. If Warren Buffet makes $2 billion year, he pays 10% in income taxes. No deductions, no tax credits. NOTHING.
Warren Buffet is quite clear. There is no reasonable reason why his secretary's tax burden should be greater than his.
I absolutely agree with Buffett. That's why this country needs a FLAT TAX or the Fair Tax Plan.
It also depends on what Buffett means by "tax burden". Is he talking about actual DOLLARS paid in taxes, or is he talking about the PERCENTAGE paid in taxes. I have to assume Buffett is talking about percentage. In that case, I AGREE with him.
I believe there should be ZERO tax loopholes, for private individuals and for businesses. A flat percentage is the ONLY "fair" way to levy taxes. No minimum or maximum income levels. If "Joe Average" make 50K a year, he pays (for the sake of argument) 10% in income taxes. If Warren Buffet makes $2 billion year, he pays 10% in income taxes. No deductions, no tax credits. NOTHING.