August 21, 2011 AD
The Middle Class
Caught in the Crossfire
Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.
If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.
-- Warren Buffet
Warren Buffet leeches off society, by producing nothing of value in his "investing", hires virtually no one, then has the audacity to announce with great publicity to the world that he pays a much less percentage in taxes than you and I do, but with as much fanfair announces, "unselfishly" of course, that he feels he should be paying more?
Not since the days of Marie Antoinette have the rich been so pompous!!!
"Just pay what you feel is a fair tax Mr. Warren! No one will complain!"
One problem here is not that this greedy bastard is paying too little in taxes to the government -- the problem is that he is stealing too much money from the stock market.
Yes, I said STEALING !!!
Instead of producing a product or service Americans need and want, as current and former heroes of the American miracle have done, such as Edison, Ford, Steven Jobs and Bill Gates, Warren Buffet has instead used his superior knowledge of the stock market to swindle billions of dollars away from the retirement accounts of less savvy investors such as you and I.
Furthermore, the tax solution Warren Buffet proposes is dead wrong. The government does not need MORE revenue by taxing the rich MORE to make them pay "their fair share".
No, the solution is for the government to have LESS revenue by taxing the Middle Class LESS so they could be paying their fair share.
Because right now, the Middle Class are grossly overpaying their "fair share" -- as Warren Buffet admits when compared to himself and his greedy rich bastard investing buddies. Not to mention that the Middle Class are certainly paying way over their fair share when compared to the 50% of Americans who, not only pay no income taxes, but who many actually get a "net tax" back from the government in the way of Earned Income Credit.
At least the poor masters could be taxed on the "free money" they get from my slave taxes.
And no, I am not a cold-hearted bastard.
As I have stated many times, employers have and always will pay a higher rate to their more professional workers who have stayed out of the work force for 4-6 years while they continued in school striving to obtain a college degree, than they pay their workers who started receiving a paycheck the day they stepped out of high school. The higher percentage income bracket tax the professional class gets taxed compared to the tax rate of the non-professional class, the more the employer (aka the rich) has to adjust the professional's salary higher at the expense of a lower salary for the non-professional. Each time, the differential is adjusted enough to insure a steady stream of young college graduates expecting a higher salary for their college efforts.
And like clockwork, the mantra is the same "The rich is getting richer and the poor are getting poorer. (Not withstanding the fact that the Jewish super-rich are also getting richer outsourcing Christian jobs to non-Christian countries.)
By actually adjusting the income taxes so that EVERYONE is paying a fair tax, then the poor will have to be paid more to make up for the fact that they are actually contributing to the care and protection of their country BY ACTUALLY PAYING TAXES. The Middle Class would likewise have their income reduced to reflect the lower tax rates they will be forced to pay, and the result will be that EVERYONE will be watching for waste and fraud in the government.
Right now, in this class warfare between the rich and the poor, it always seems to be the Middle-Class who are in the cross hairs of each of the class extremes.
Source: Warren Buffet on the New York Times
Stop Coddling the Super-Rich
Article located at: