Buffett Tax will result in far less revenues than hoped for....... | TigerDroppings.com

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ironsides
LSU Fan
Nashville, TN
Member since May 2006
6101 posts

Buffett Tax will result in far less revenues than hoped for.......



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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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22846 posts

re: Buffett Tax will result in far less revenues than hoped for.......


Even Buffet admitted it has nothing to do with revenue. It's just to make people feel better about "getting" the rich.





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Richard Castle
LSU Fan
St. George, La.
Member since Nov 2012
934 posts

re: Buffett Tax will result in far less revenues than hoped for.......


quote:

The sheer stupidity in our news media is astounding.



This






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petar
Miami (FL) Fan
Miami
Member since May 2009
5888 posts

re: Buffett Tax will result in far less revenues than hoped for.......


quote:


The sheer stupidity in our news media is astounding.


News programming is a slave to its viewers right?






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ironsides
LSU Fan
Nashville, TN
Member since May 2006
6101 posts

re: Buffett Tax will result in far less revenues than hoped for.......


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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