The Rich Really Do Pay Lower Taxes Than You

[MisterVeritis]

See the link for the graph. It appears and moves as you scroll down the page. https://www.nytimes.com/interactive/...gtype=Homepage

Excerpt:

Almost a decade ago, Warren Buffett made a claim that would become famous. He said that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy.

His claim sparked a debate about the fairness of the tax system. In the end, the expert consensus was that, whatever Buffett’s specific situation, most wealthy Americans did not actually pay a lower tax rate than the middle class. “Is it the norm?” the fact-checking outfit Politifact asked. “No.”

Time for an update: It’s the norm now.

For the first time on record, the 400 wealthiest Americans last year paid a lower total tax rate — spanning federal, state and local taxes — than any other income group, according to newly released data.

Buffett lied.

You err.

Link to the tax tables that give people different tax rates for any given level of income.

The give me a typical example of some multimillionaire who is paying less on his or her income than any poor person. You cannot do it. Why? Because it is a lie.

[CCitizen]

Almost a decade ago, Warren Buffett made a claim that would become famous. He said that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy.

His claim sparked a debate about the fairness of the tax system. In the end, the expert consensus was that, whatever Buffett’s specific situation, most wealthy Americans did not actually pay a lower tax rate than the middle class. “Is it the norm?” the fact-checking outfit Politifact asked. “No.”
Time for an update: It’s the norm now.
For the first time on record, the 400 wealthiest Americans last year paid a lower total tax rate — spanning federal, state and local taxes — than any other income group, according to newly released data.

No one needs millions or billions for luxury items. This money can be used to save hundreds of thousands of lives. Sadly many Conservatives fight for the Rich.

Unfortunately, the Rich Social Media Elite wants to take away Conservatives' Freedom of Speech away.

[Cotton1]

See the link for the graph. It appears and moves as you scroll down the page. https://www.nytimes.com/interactive/...gtype=Homepage

Excerpt:

Almost a decade ago, Warren Buffett made a claim that would become famous. He said that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy.

His claim sparked a debate about the fairness of the tax system. In the end, the expert consensus was that, whatever Buffett’s specific situation, most wealthy Americans did not actually pay a lower tax rate than the middle class. “Is it the norm?” the fact-checking outfit Politifact asked. “No.”

Time for an update: It’s the norm now.

For the first time on record, the 400 wealthiest Americans last year paid a lower total tax rate — spanning federal, state and local taxes — than any other income group, according to newly released data.

btw , buffetts " my secretary pays x etc" was simply his way of pandering to obamas class warfare and other means of dividing our nation. If Buffett was that concerned give the poor secretary a huge raise !

[Cotton1]

No one needs millions or billions for luxury items. This money can be used to save hundreds of thousands of lives. Sadly many Conservatives fight for the Rich.

Unfortunately, the Rich Social Media Elite wants to take away Conservatives' Freedom of Speech away.

Its not a matter of what or how much someone "needs" . it is THEIR Money

[CCitizen]

The top 20% pay 87% of all income tax. Im not sure why liberals believe hard work , business development , taking risks , higher education should be punished when it succeeds?

I am not a Liberal who argues about the dangers of Free Speech. But from Humanitarian perspective, poor people, the homeless, the addicts, the prisoners are suffering much more then enough. Why should millionaires and billionaires spend millions/billions on luxury items?

[Cotton1]

I am not a Liberal who argues about the dangers of Free Speech. But from Humanitarian perspective, poor people, the homeless, the addicts, the prisoners are suffering much more then enough. Why should millionaires and billionaires spend millions/billions on luxury items?

Most millionaires and billionaires are the very people who provide the jobs , the charities with capital etc. Personally I am generous to a fault. I could never be stinking rich because id give most of it away. However, if someone else has made or inherited their riches its not my place to suggest what they do with their OWN money.

[Collateral Damage]

I am not a Liberal who argues about the dangers of Free Speech. But from Humanitarian perspective, poor people, the homeless, the addicts, the prisoners are suffering much more then enough. Why should millionaires and billionaires spend millions/billions on luxury items?

When one person invests their time, money, and reputation, to receive a reward for that work, why do you think 'you' have a right to say what it must be spent on? While any number of wealthy people donate a great deal to charitable groups, build hospital wings, libraries and create foundations, pay large amounts of taxes, the people who have not made such an investment demand more....

'The prisoners are suffering much more'.... how fared the victims of their crimes?

[Captdon]

I am not a Liberal who argues about the dangers of Free Speech. But from Humanitarian perspective, poor people, the homeless, the addicts, the prisoners are suffering much more then enough. Why should millionaires and billionaires spend millions/billions on luxury items?

Because it is their money, not anyone else's. I earned my money, whatever it amounted to, and I don't see why you get to take it.

[CCitizen]

When one person invests their time, money, and reputation, to receive a reward for that work, why do you think 'you' have a right to say what it must be spent on? While any number of wealthy people donate a great deal to charitable groups, build hospital wings, libraries and create foundations, pay large amounts of taxes, the people who have not made such an investment demand more....

Fortunately, I am not anyone of influence. I am not even a popular blogger.

I am just making observation on inhumanity of the current US system.

[CCitizen]

Most millionaires and billionaires are the very people who provide the jobs , the charities with capital etc. Personally I am generous to a fault. I could never be stinking rich because id give most of it away. However, if someone else has made or inherited their riches its not my place to suggest what they do with their OWN money.

Thank you for being personally generous. Any charity is very important even if we disagree on Political Issues.