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President misleading about taxes.

Posted: Sep 20, 2011

http://www.foxnews.com/on-air/oreilly/2011/09/20/bill-oreilly-raising-revenue-punishing-achievement

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Fox News and O'Reilly? - Is that all you've got? nm

[ In Reply To ..]
.

Is that all you've got? - sm

[ In Reply To ..]
Blindly believing the president even if someone on the other side says the truth when Obama isn't? Sounds like someone isn't just drinking the Kool-aid but more like you are swimming in it. Regardless of who is in this video....you cannot fairly compare income tax to capital gains tax...which is what Obama and Buffett are doing. For Buffett to say his secretary pays more in taxes than he does is a flat out lie and I would have thought you guys would be smart enough to realize that....obviously not.

Repeat after me....Obama is my master. He does not lie. Tea Party is evil. Rich people are evil. Republicans are evil. Believe Obama. Almighty Obama.

*puke*

Guess who said "'I Have More Power Than Anybody" - That's right! (Megalomaniac)

[ In Reply To ..]
"Other than the President." Bill O'Reilly of Fox (the GOP propaganda network)

http://www.huffingtonpost.com/2011/09/19/bill-oreilly-i-have-more-power-president_n_970394.html

He is right. - sm

[ In Reply To ..]
For Buffett and Obama to compare income tax to capital gains tax is unfair. It does misrepresent their message and those who don't research or have no knowledge of this fact can and may actually believe that Warren Buffett is paying less in taxes compared to his secretary which is so untrue. Anyone who doesn't know the whole truth here could easily be outraged by what they are trying to spin here. Besides, the evil rich (including politicians like Obama) can very easily pay MORE taxes if they thought they should. However, I don't see any of them running to the IRS and writing a huge fat check to pay their "fair share."

However, we do have a problem with those who use loopholes and our tax code is entirely confusing just so people can abuse it. We need tax reform but not in the way of a tax increase. We need to simplify the tax code so big corporations (like GE) do pay what they should.

So obviously something needs to be done but, IMO, this isn't the right way to go about it and Obama and Buffett are 100% misleading people.

Warren Buffett's tax rate (percentage of income) sm - oldtimer

[ In Reply To ..]
is lower than his secretarys'. What is so hard to believe about that? His tax rate is 15% as all his income is capital gains.

Warren Buffett's Berkshire Hathaway owes back taxes to 2002+ - hmmm

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Maybe he should get caught up on that before he tries to tell the rest of us how much we should pay.

http://www.huffingtonpost.com/2011/08/29/warren-buffett-taxes-berkshire-hathaway_n_941099.html

Did you read the entire article? sm - Sick of it

[ In Reply To ..]
It was a very interesting piece. The last line was "It's not only rich corporations that are legally able to avoid paying taxes either. Some 1,400 millionaires paid no income taxes whatsoever in 2009, according to tax data from the Internal Revenue Service."

Interesting. Thank you for posting. I personally think it is time to close the loopholes and reward companies that keep jobs here in the good old US of A.

USA Today liberal enough for ya? - hmmm

[ In Reply To ..]
http://www.usatoday.com/money/perfi/taxes/story/2011-09-20/buffett-tax-millionaires/50480226/1

Source: AP

Read it and weep.

USA Today is a tabloid. - anon

[ In Reply To ..]
Not considered credible.

This was reported in other media sources, too - hmmm

[ In Reply To ..]
Get over it.

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