In response to:

Tax Rich Liberals

James2785 Wrote: Dec 13, 2012 12:28 PM
Ann must be hanging around her buddy Bill Maher, or Chris Christie, to come up with this. While I'd love Buffett to pay 90% income tax, her idea to tax capital gains as ordinary income is foolish. Why save? And an excise tax on movies will not affect Hollywood liberals one iota: such taxes will be paid solely by consumers. Wow, I'm glad I didn't waste my dime on her newest book. She's just an entertainer.
Mike4166 Wrote: Dec 13, 2012 2:30 PM
A big part of what Ann is pointing out is the absurdity of the Democraps position, James. Try actually reading a bit between the lines.
tnmccoy Wrote: Dec 13, 2012 2:27 PM
Did you actually read what she wrote? You're too quick with your pre-programmed Liberal comments.
James2785 Wrote: Dec 13, 2012 3:57 PM
How dare you insult me by calling me a liberal, sir!

The best solution to mollify the class warriors is a sales tax to replace income tax, or supplement a simple flat tax. That way, if the 47 percenters envy billionaires, at least the Buffets and Gateses will have to pay higher taxes on their champagne and caviar, not to mention jets and yachts.
AKFred1 Wrote: Dec 13, 2012 1:17 PM
Capital gains are not savings. You get capital gains by selling stocks and property. It is money that you invest and can afford to lose. Hint "Never invest more than you can lose". There are also dividends which are taxed at a different rate. Share holdings, taxed at a different rate. The list is long and not fit for anyone that has a real life. You can bet buffet has plenty of them working for him. Lets not forget benefits that are not taxed or reported like buffets private jet. Of course it belongs to his company which also pays for all his travel expenses which are not reported and pays him $100,000.00 a year.
mr liberty Wrote: Dec 13, 2012 1:09 PM
I didn't get the impression that she wants the capital gains tax increased in general, just for those whose occupation is solely based on the gains. The side effect, of course, will add hundreds of more pages to the IRS regulations. The better answer, IMO, is a flat-tax or fair-tax that could be implemented in a way to solve not only the current issues but also simplify the tax code.

Aint gonna happen, not with the tax handling industry reaping $500B/yr

Republicans have been forced into a Hobson's choice of either letting the Bush tax cuts expire for everyone or agreeing to a tax hike on the top 2 percent of income earners (not to be confused with "the rich," who have already made, inherited or married their money).

If Republicans object to the Democrats' hitting job creators with a tax hike, three things will happen: Taxes will go up for everyone; Republicans will be seen as the "party of the rich"; and the inevitable economic collapse will be blamed on Republicans.

If Democrats were merely trying to raise...