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| Posted by | Message | ironsides 
LSU Fan
new york, ny
Member since May 2006
4406 posts
| Buffett Tax will result in far less revenues than hoped for....... (Posted on 11/29/12 at 2:52 pm)
quote:
When Warren Buffett claimed that a lot of secretaries pay higher tax rates than the super-wealthy, JPMorgan's Michael Cembalest wanted to take a closer look
quote:
The vast majority of taxpayers with adjusted gross income over $1 million and over $5 million have effective tax rates in the 22%-35% range, considerably higher than the range of tax rates paid by those with AGI below $100k. As a result, Cembalest notes he was not expecting to see large revenue estimates from an analysis of the fiscal impact of the proposals in the Fair-Share Act of 2012, since if the first chart is correct, there are not that many people that would be impacted by a minimum 30% effective tax rate. Now let’s look at some numbers.
LINK
Seriously, we made a campaign issue out of $9B and binders full o women?
The sheer stupidity in our news media is astounding.
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LSU Fan
Houston
Member since Feb 2010
16738 posts
| re: Buffett Tax will result in far less revenues than hoped for....... (Posted on 11/29/12 at 2:55 pm to ironsides)
Even Buffet admitted it has nothing to do with revenue. It's just to make people feel better about "getting" the rich.
| | Back to top | | Richard Castle
LSU Fan
Baton Rouge
Member since Nov 2012
381 posts
| re: Buffett Tax will result in far less revenues than hoped for....... (Posted on 11/29/12 at 3:43 pm to ironsides)
quote:
The sheer stupidity in our news media is astounding.
This
| | Back to top | | petar .gif)
Miami (FL) Fan
Miami
Member since May 2009
4950 posts
| re: Buffett Tax will result in far less revenues than hoped for....... (Posted on 11/29/12 at 3:44 pm to ironsides)
quote:
The sheer stupidity in our news media is astounding.
News programming is a slave to its viewers right?
| | Back to top | | ironsides
LSU Fan
new york, ny
Member since May 2006
4406 posts
| re: Buffett Tax will result in far less revenues than hoped for....... (Posted on 11/29/12 at 3:51 pm to petar)
quote:
News programming is a slave to its viewers right?
over 50% of viewership on television is for crime related dramas. Yet the Benghazi discussion in the media is 100% if Petreus was cheating on his wife with 1 or 3 women and not a discussion about an administration deliberately lying to the public for political gain right before an election.
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