Did You Know...

   

Republicans Want to See Warren Buffett’s Tax Return

Share
By Doug Powers  •  September 22, 2011 10:35 PM

**Written by Doug Powers

You can’t make a fairness omelette without calling out a few eggs, so here goes:

Republicans demanded Thursday that billionaire investment guru Warren Buffett reveal his tax returns if his views on tax rates are going to serve as the basis for the White House’s proposals.

Buffett has loudly and famously said he pays a lower tax rate than his secretary in arguing that the rich should bear a larger tax burden. He has inspired President Obama to institute a “Buffett rule” to guide his tax policies that says millionaires and billionaires should not pay a lower portion of their income on taxes than the poor and middle class.

Much of Buffett’s income is reportedly from capital gains, which are taxed at a lower rate than federal income tax, so at the very least a direct boss/secretary comparison might help serve as evidence that the “Buffett Rule” should instead be called the “Apples & Oranges” tax plan.

Another question that might need to be asked of Buffett when it comes to hashing all this out is which of his “secretaries” he’s referring to.

Until this is settled, why won’t Buffett just pay whatever he feels is his fair share? The government makes it easy. No? Eh, can’t blame me for trying again.

(h/t Gateway Pundit)

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

Hillary hopes State Dept. changes procedures so future secretaries can’t hide secret servers & mass delete emails

May 25, 2016 09:36 PM by Doug Powers

hillaryshrug

Because they care

What a pal! Clinton crony Terry McAuliffe attracts FBI’s attention so Hillary doesn’t feel unfairly singled out

May 25, 2016 07:29 AM by Doug Powers

hillarymcauliffe

Cronies under investigation together stay together

Welcome to the bureaucratic Magic Kingdom: Looks like some ‘wait times’ are more acceptable than others

May 24, 2016 01:21 PM by Doug Powers

veterans

TSA security chief ousted, VA chief talks Disney

Of course: IRS commish ‘regrettably’ unable to attend misconduct hearing

May 24, 2016 10:13 AM by Doug Powers

koskinen

Fast Lerner

His contrails will go on: DiCaprio takes private jet from France to NYC to accept environmental award (Open thread)

May 22, 2016 10:06 AM by Doug Powers

kerrydicaprio

Hypocrite parade: Powered by dreams and jet fuel


Categories: Enviro-nitwits, Feature Story, global warming, Hollyweird, Politicians, Politics

Follow me on Twitter Follow me on Facebook