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:

Biden: Hey all, we’ve got to take back America!

September 1, 2014 11:40 AM by Doug Powers

bidennuts

Obama calls press conference to announce lack of strategy against ISIS

August 28, 2014 06:37 PM by Doug Powers

suitobama

No game plan yet to oppose the “JV team”

August 22, 2014 03:39 PM by Doug Powers

lowered

Eric Holder’s Justice Dept. to investigate ISIS murder of James Foley

August 21, 2014 09:46 AM by Doug Powers

holder

More trials in Manhattan?


Categories: Al Qaeda, Barack Obama, Gitmo, Iraq, Media

Follow me on Twitter Follow me on Facebook