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

Thursday open thread: Hillary talks gun control in wake of Va. shootings; Pentagon conforms ISIS threat to match WH narrative

August 27, 2015 08:37 AM by Doug Powers

hillarychillin

Just chillin’ in Opportunist-ville

EO signed by Obama in 2009 could doom Hillary’s ‘classified email’ excuses, but at least Biden is smiling

August 26, 2015 05:05 AM by Doug Powers

hillarypresser

BS alarm dies from exhaustion

‘Not a smidgen of corruption’ moment of paws: Lois Lerner used email under dog’s name for IRS business

August 25, 2015 01:46 PM by Doug Powers

lerner

My dog ate my homework made me investigate Tea Party groups

Obama torches 20,000 gallons of gas to warn that ‘fossil fuel interests’ are conspiring against ‘clean energy’

August 24, 2015 09:10 PM by Doug Powers

solyndra-obama-3-1

Because it worked so well the first time

Total coincidence: Biden meets with Fauxcahontas; Hillary interrupts Hamptons vacation to campaign (Sunday open thread)

August 23, 2015 08:29 AM by Doug Powers

hillarybiden

Game change?


Categories: 2016 Campaign, Barack Obama, Corruption, Democrats, Hillary Clinton, Joe Biden

Follow me on Twitter Follow me on Facebook