Billionaire Warren Buffett says stop coddling the super-rich

Even if you pop back in a $3600/yr Earned Income Tax Credit they might qualify for, you are barely making lights and heat. Forget television, DK, don't you know poor people are supposed to SUFFER? Sheesh, after all if they were DECENT people they'd be wealthy!

Oh wait...that's what the Puritans thought....nevermind.

 

They DO. I have a friend who is an A list British actor, known for romantic comedies. When he works over here, he has to pay tax both in the UK and in the US. He winds up with far less than 50% of what he makes. I'm not suggesting anyone feel sorry for him. I'm just pointing out a reality.

I'd also say we cannot decide which *professions* pay a higher tax rate. Income is income, and I don't think we want to get into a pissing contest about whether a janitor or a washroom attendant is more worthy to keep a larger percentage of their income.

 

1. If he is making his money primarily in US, then he should pay all of it here.

2. Yes if Obama & his cronies or any other politicians want to hike taxes, then look at the profession. I know it's a dumb suggesstion but entertainers who make significant amount of money in short period of time, with little investment of their money or time should pay fucken more.

3. Also the 250 k hike is stupid, I am sure smart ppl will know how to get around it. All ppl have to do is cut back in their working time. If you are earning 250 k, just decrease your time or productivity and booya now you are making around 247 K and saved by the bell.

 

I don't think they should start taxing single filers really heavy until $375k/yr. Then, you can hammer them, say 45%.

 

He winds up paying in BOTH places.

If you start breaking it down by profession, who gets to decide which people are more "worthy?" The market, in a capitalist society, pays what the market will bear. Either you want capitalism or you don't.

 

people making 250k are more than likely salaried so they can't cut down on productivity.
But like she said the 625 dollars extra a month won't be missed by someone who brings home 12,500 a month after taxes. The numbers don't get any plainer than that. You have to think about what kind of human being is fine with massive joblessness and poverty which could be averted by paying an extra 625 a month out of 12500.

 

Really? So the dude making 300k is really feeling the pinch out there huh lol

 

No, but he doesn't need to get hammered in taxes.

Not yet. Give him another 100k/yr. Then, we can up the taxes.

 

Good, he wants to enjoy his tea in Queenland then that's his problem.

Dumb ass Megan Fox who comes from lilly town smallville Tennessee with zero knowledge to contribute to the world, and little of her time, money and energy invested to a project; if she makes 2 mil per that pic then she should pay more. Tax the fuck out of Charlie sheen, Ashton Kutcher & all these losers.
The system should look at how much effort, money, time, & energy that a citizen has invested to get the financial return, I know it's a silly suggestion but hey....

 

Indeed my friend indeed! I could not have said it better myself!

 

But who decides what's taxing or takes more effort. 6 hour studio sessions making a song can be grueling and tiring as fuck but to people who don't know squat about making music it seems easy as hell. Like someone like Kanye puts in serious work to make a hit song especially since he write raps and arranges it.
I've done jobs like retail were more tiring because you're on your feet all day but was just as tired looking spread sheets all day.
So who says what's more tiring fam?

And keep in mind not all professions pay the same to everyone. Like I don't think some bench warmer should get taxed as heavy as Kobe or a lineman who puts in as much work as Eli Manning but makes much less. Just keep it income based.

 

I don't mind helping the less fortunate. God knows I've been rich and have been poor and also I am a christian. But it is not fair to hike up taxes so that some lazy loser can sit in high rise project downtown chicago and mulch of the system. I have no problem with ppl who turn to govt for assistance for some time until they improve their situation, work on themselves, blah, blah, but I have problem when my money goes to finance some asshole politican's lavish trip or goes for child support to a 20 yo teen mother who already shitted four children, to 27 yo muscular fucker with zero issues but on a disability scamming the system.

I have a solution, how about we donate a massive condoms to these govt tit suckers, enough with sucking off govt milk.

I know I am an asshole.
Thank you very much.

 

Wow, a hard core liberal but fiscally conservative new age christian American and a tree hugging, kumabaya singing, grass smoking, globe trotting, feng shui practicing jew Canadian agree, who would have thought, the end of the world is coming soon folks, lol

 

So to put this in terms we both get. It's like having patient with an infected wound. You want stop the bleeding and kill the infection but you also have to aid the healing it doesn't always just happen on it's own. And afterwards you might need physical therapy to get on track. So your problem is mismanagmemt which I agree with but in the mean time you can't cut as deeply as they just did without building revenue. Forget about the freeloaders and think about the millions who always did the right thing, always paid their bills and taxes. What about them. Would you sacrafice them to punish who many of you see as mooching off the system.

 

C'mon Dre, you went to good school and you're NYer this should not be a rocket science project for you.

For, eg. look at the losers in Harry Potter and Twilight sereis, they are making a killing. Some of those fuckers are under 20. So how much effort and energy did they invest? Meanwhile your ass is going to grad school, pulling all nighters and you might end up being a professor somewhere molding and shaping Americas future brain but in return they'll give your ass 60 Gs, come on. Even if a movie takes 3 yrs to complete, the actors rotate work based on the scene they have to shoot. So if a teen idol star spends 10 hrs per day for 3 months and generating 5 mil per pic that is a heck of lot money for his effort/time/and energy. Plus his job is not really required for society to survive.

 

I totally agree with that part fam but then I think about the actors on the set who didn't have as many scenes who get 100k and might never work again or get small roles here and there. Should they be taxed as heavy as the leads? They put in less effort. See my point?

 

No, I meant just the FairTax, not flat tax; they would have to do one or the other and, the FairTax is the better program IMO.

What do you think of the FairTax?

 

Small point. Acting takes a lot more work than you think, and film sets are a horrible grind, with many 18 hour plus days.

No acting isn't required for society to "survive" though some would argue the arts make society better. But once you start deciding where on the scale of value a job is, and determining taxes and pay based on that, you are no longer in a capitalist society, are you?

You cannot single out "actors under 20" or "sports stars who are starters" for a different system than everyone else lives under. And once you start that scale, who decides, and based on which values? Is a pediatrician or a neurologist worth more? Is a teacher or a trash collector more important to the "survival" of society? See where I'm going?

 

If you're talking about a VAT and/or replacing income tax with a sales tax, I think it's a bad idea unless you make allowance for necessities, i.e., food, clothing, shelter, utilities exempted. Otherwise it quickly becomes very regressive.

 

1. I did hang around folks who are artsy farsty tryin' to break in ET biz & shit like that. I have done independent films while in school, I knid of know what it takes, so I am not just an idiot who spouting things, my dear.

2. I said if it is a fair world it should be based on what I suggested, I know it is silly and will never happen........I would rather have a good fire fighter, police officer, parmedics and a good teacher who are compensated well in my community than a # 1 running back in the country or a movie star. And their earning should be based on their effort and importance to the society. I am not bashing entertainers. I have played college sport and dabbled in arts stuff before and I do enjoy entertainment but hey..... I forgot my train of thought, lol