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Let the Real Fat Cats Pay Their Fair Share

William375 Wrote: Dec 13, 2012 5:07 PM
I would love to know how many of the millionaires for higher taxes pays someone to minimize the amount of tax they pay. The President said that he feels that he gets to keep more money than he should but he pays a CPA to do his taxes, has a ton of itemized deductions. So, he pays money to pay less in taxes and then complains about paying less in taxes. That seems somewhat messed up. It was like George Soros supporting the new rules for hedge funds a while back, but only after having moved his hedge fund into a class excluded from those rules. And Soros and Buffett pushing for higher estate taxation because they have already taken steps to shield their estates. So much of this stuff is theater to create an illusion for the masses.
canetoad Wrote: Dec 13, 2012 6:48 PM
Why would a wealthy person pay more in tax when all the other wealthy people are doing their best to avoid paying taxes. The point you seem to be missing is that the Buffetts and Soroses of the world think that everyone in their wealth range should be more accountable to the system that has allowed them to prosper. Not much use for a few honest billionaires to stump up when the rest of them are hightailing it to Bermuda.
Polly1 Wrote: Dec 13, 2012 8:31 PM
A wealthy person who really believed he should be paying more taxes would BE paying more taxes. He wouldn't care what other wealthy people believe or how much they pay.

Any wealthy person who genuinely believes he should give more of his money to the federal government is addled! Romney gives millions to his church, which helps the poor both here and all over the world. Yes, Obama used to give lots of money to HIS church, but HIS church spread hatred, both for white people and for the United States.

Who exactly were the rich who, as the president said, were not "paying their fair share"? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president's earlier warning that, "at a certain point you've made enough money."

Could both zillionaires simply have quit making money at $10 million -- and thereby given their poorer audiences a break on ticket prices?

With all the talk of raising taxes on the supposedly conservative wannabes who make $250,000 per year, why not additionally levy a $3 surcharge on discretionary tickets for...