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

NH watch: Optimistic Sanders supporters sing about having ‘somebody to lean on’ (a primary open thread)

February 9, 2016 09:29 AM by Doug Powers

sanderssing

Lean on Me Them

Last-ditch Clinton strategy to win NH: Discredit Bernie Sanders by likening him to… the Clintons

February 8, 2016 08:11 PM by Doug Powers

billclinton

New winning strategy: Projection

Great moments in women’s rights activism: Hillary supporter Madeleine Albright informs ladies how to avoid hell

February 7, 2016 10:26 AM by Doug Powers

albright3

Hell hath no fury like a Clinton supporter scorned

Saturday night hive: GOP debate open thread

February 6, 2016 02:11 PM by Doug Powers

gopdebate1

NH primary 3 days out

What could go wrong? DC Crime Bill proposal would pay people not to break the law

February 5, 2016 02:04 PM by Doug Powers

badidea

Sponsored by…


Categories: Politics, Democrats

Follow me on Twitter Follow me on Facebook