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
~ For the latest breaking news, be sure to join Michelle's Email List:

Former State Department diplomat describes effort to scrub damaging Benghazi docs

September 16, 2014 09:52 AM by Doug Powers

maxwellattkisson

Drip. Drip.

Obama earns Nobel Peace Prize in role play as ISIS adviser

September 14, 2014 10:56 AM by Doug Powers

obamasueme

Hope & Change, terrorist-style

Obama admin has their bases covered on ‘war’ or ‘no war’ with ISIS

September 12, 2014 04:12 PM by Doug Powers

kerry

Mixed Message Shock & Awe

Congressional Democrats demand greater transparency … from the NFL

September 11, 2014 05:26 PM by Doug Powers

laughter

The jokes never end.


Categories: Barack Obama, Democrats

Follow me on Twitter Follow me on Facebook