NYJetsFan.com Forums: Buffett Higher Tax Call Strikes A Nerve - NYJetsFan.com Forums

Jump to content

Toggle shoutbox NYJETSFAN BANTER

ALL WE NEEDED WAS A FIELD GOAL
santana Icon : (18 October 2014 - 12:02 PM) arent there some other names that could have been cut instead
santana Icon : (18 October 2014 - 12:03 PM) chris owusu
Jetsfan0099 Icon : (18 October 2014 - 01:21 PM) Salas is better than Nelson
Jetsfan0099 Icon : (18 October 2014 - 01:22 PM) Nelson is rated as the worst wr in football this season
santana Icon : (18 October 2014 - 01:34 PM) he has to better than owusu or graham
518-JeTS-FaN Icon : (18 October 2014 - 04:36 PM) I posted an article about harvin and some of his issues. Dude seems like a wack job with talent. Hope rex can corral this guy or he could make the locker room implode
santana Icon : (19 October 2014 - 11:43 AM) Wasn't demean Jackson vilified as a gang affiliated street thug during his Philly release
santana Icon : (19 October 2014 - 12:31 PM) damn football sunday and no ones on
Canuck Jet Icon : (19 October 2014 - 01:00 PM) Yeah, cuz Rex is so good at developing offensive talent; 0 - Infinity
Canuck Jet Icon : (19 October 2014 - 01:02 PM) Harvin is Holmes 2.0, except punches for general bitchiness and annoying first down celebrations.
santana Icon : (19 October 2014 - 01:03 PM) i'm not buying into the media nonsense
Jetsfan0099 Icon : (19 October 2014 - 01:06 PM) Harvin is a playmaker, we needed one.
Canuck Jet Icon : (19 October 2014 - 01:15 PM) I hope he tears it up as a Jet, but he's been tossed from 2 teams in as many years and hasn't cracked 1000 yds in his career. I wouldn't be surprised if he had CTE from those brutal head hits, hence the aggression of late.
santana Icon : (19 October 2014 - 01:18 PM) I was tossed from two t-ball teams and some people still say i was the best hitter on timid deer lane
santana Icon : (19 October 2014 - 01:20 PM) bills RBs dropping like flies
Canuck Jet Icon : (19 October 2014 - 01:20 PM) We'll only really know when the autopsy his brain. Stay tuned! Guy never should have played the Super Bowl after the 2 concussions he suffered against the Saints.
santana Icon : (19 October 2014 - 01:26 PM) whitehurst clipboard jesus
santana Icon : (19 October 2014 - 02:54 PM) brian shottenheimer must of lost his mind haha
V DidDy 210 Icon : (19 October 2014 - 03:11 PM) fuckin orton
V DidDy 210 Icon : (19 October 2014 - 03:11 PM) how does he keep doing it?
santana Icon : (19 October 2014 - 04:53 PM) Jack Daniels
santana Icon : (19 October 2014 - 06:25 PM) murray horse
santana Icon : (19 October 2014 - 08:28 PM) GOD DAMN IT ANQUAN
santana Icon : (19 October 2014 - 08:29 PM) what is this amateur hour!?!?!?
santana Icon : (19 October 2014 - 08:29 PM) come on!
ganggreen2003 Icon : (19 October 2014 - 08:43 PM) Manning just broke the Passing TD record
ganggreen2003 Icon : (19 October 2014 - 08:44 PM) :boredom: we could of had him a few years ago
ganggreen2003 Icon : (19 October 2014 - 08:44 PM) but at least he didn't break it on us
santana Icon : (19 October 2014 - 08:45 PM) I don't think he wanted to be here
santana Icon : (19 October 2014 - 08:46 PM) I don't really care for passing records being broken. Qbs now have a lot of rules in their favor
santana Icon : (19 October 2014 - 08:46 PM) I mean even the catch that got them into the redzone was a PI call that wouldnt of been called when favre played
Jetsman05 Icon : (Yesterday, 05:16 AM) is that a suggestion that Favre was a better QB than Peyton?
santana Icon : (Yesterday, 08:05 AM) No it's a suggestion that passing records today are a bit skewed by the modern rules
santana Icon : (Yesterday, 08:05 AM) everyone knows Favre is the bestest ever that's not even an argument duhhhhh
santana Icon : (Yesterday, 01:18 PM) Cool jets throw blanket - http://www.woot.com/...ref=cnt_wp_2_22
Jetsfan115 Icon : (Yesterday, 01:21 PM) jets slippers yo
santana Icon : (Yesterday, 01:37 PM) jets slippers the OG of cool
ganggreen2003 Icon : (Yesterday, 07:10 PM) so Harvin will be wearing #16
MikeGangGree... Icon : (Yesterday, 07:22 PM) 10 and 6
MikeGangGree... Icon : (Yesterday, 07:22 PM) 10 and 6
MikeGangGree... Icon : (Yesterday, 07:22 PM) 10 and 6
MikeGangGree... Icon : (Yesterday, 07:22 PM) 10 and 6
MikeGangGree... Icon : (Yesterday, 07:22 PM) WOOOOOO
MikeGangGree... Icon : (Yesterday, 07:22 PM) 9 wins a row for the Jets!!
santana Icon : (Yesterday, 10:28 PM) streets is real
Resize Shouts Area

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

Buffett Higher Tax Call Strikes A Nerve

#1 User is offline   Chaos Icon

  • D Coordinator
  • Icon
  • Group: Assistant Admin
  • Posts: 3,028
  • Joined: 30-March 05
  • Gender:Male

Posted 16 August 2011 - 12:04 AM

(Reuters) - Warren Buffett has touched a national nerve.

The 80-year-old "Oracle of Omaha," one of the world's three richest men, has taken to the pages of the New York Times to call for higher taxes -- yes, higher taxes -- for himself and his well-off peers.

"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," he said.

Buffett calling for a higher tax burden for the wealthy is nothing new; last November, in a lengthy sit-down interview with ABC News, he insisted that the wealthy "have it better than we've ever had it" and that they had an obligation to pay substantially more tax.

However, the timing of his latest appeal made people take notice. Washington lawmakers are fighting about how to reduce the nation's budget deficit and curb its massive debt burden, and the question of "added revenue" -- code for higher taxes -- looms larger than any other.

Republicans have fiercely resisted any attempts by President Barack Obama and Democrats in Congress to make higher taxes for the wealthy part of any budget plan, insisting instead on all the deficit-curbing measures be made through spending cuts.

Taxation will be a major theme of the 2012 presidential election, and Buffett planted himself squarely in the middle of the debate.

"While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks," he wrote.

Buffett is not alone in agitating for change.

Starbucks Corp Chief Executive Howard Schultz is brewing up support for his call to withhold political contributions to U.S. lawmakers until they strike a "fair, bipartisan" deal on the country's debt, revenue and spending.

TRENDING HIGH ON TWITTER

In his Times piece, Buffett felt free to speak for his fellow rich.

"Most wouldn't mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering," he said.

While there are plenty of "super-rich" who have been outspoken on tax issues in past, like Carlyle Group co-founder David Rubenstein and Congressman Darrell Issa, only one of the country's notably wealthy people who was contacted by Reuters was immediately willing to respond to Buffett's call.

"George Soros says he agrees and congratulates Warren Buffett," his spokesman said. "The rich are hurting their own long term interests by their opposition to paying more taxes."

From the general taxpaying public, the reaction was almost instantaneous. "Warren Buffett" was one of the single most mentioned topics on Twitter as of Monday afternoon, as was the title of his op-ed piece, "Stop Coddling the Super-Rich." Nearly 55,000 people voted in an MSNBC.com poll on his comments, and 95 percent agreed with him.

President Obama, appearing in Minnesota on a bus tour of the U.S. Midwest, cited Buffett's comments as further proof that Congress needed to find ways to raise tax revenue without taxing the middle class any further.

Speaking of the various tax incentives he and other wealthy taxpayers receive, Buffett said "(these) and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It's nice to have friends in high places."

Buffett, chairman of the conglomerate Berkshire Hathaway, said his federal tax bill last year was $6,938,744, the equivalent of 64 shares of Berkshire Class A stock.

"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," he said.

(Additional reporting by Santosh Nadgir in Bangalore and Svea Herbst-Bayliss in New York; Editing by David Holmes, Bernard Orr)

http://www.reuters.c...E77E13V20110815
0

#2 User is offline   Mr_Jet Icon

  • Assistant Head Coach
  • Icon
  • Group: Members
  • Posts: 4,253
  • Joined: 31-March 05
  • Gender:Male
  • Location:Earth

  • NFL Team:

Posted 17 August 2011 - 02:02 PM

Quote

Donald Trump Would 'Put Country First' and Pay More Taxes

Donald Trump backed up fellow billionaire Warren Buffett’s op-ed in the New York Times and said he’d be willing to pay more in taxes – but he doesn’t think Wall Street would go along with it.

“I would be willing to George, but a lot of people wouldn't be. A lot of people would leave the country. I'm talking about big people, job-producing people. Would I be willing? Yeah, I'd be willing. I’d put country first. Lot of people don't necessarily put country first,” he said.

Trump said these “unpatriotic” businessmen would take their money elsewhere leaving the U.S. with nothing.

“I deal with Wall Street all the time. I know all of them…You're going to have a mass exodus. You already have an exodus out of this country. But you're going to have a mass exodus of business out of this country when you start taxing too high,” he said.

Except when it comes to oil, and specifically OPEC. Trump says we should close the loopholes on oil companies, a position that sets him apart from many in the Tea Party.

“If you go back to certain companies, Exxon Mobil, the oil companies, for us to be subsidizing oil companies is absolutely insane. And frankly, the oil companies really facilitate OPEC. The worst abuser we have is OPEC,” he said.

“Every time the economy gets good, oil goes up…So what they do is they systematically destroy any momentum you get. Because oil should be selling at $25 to $30 a barrel right now,” Trump said.

What else does Trump want to tax? Chinese products, in order to get the country to stop manipulating their currency, he said.

“You put a 25% tax on Chinese products, products coming into this country, two things are going to happen. Number one, this country's going to take in a bundle of money,” he said. “And number two, a lot of people won't have their products made in China. They'll start being made in Alabama, in Iowa, in New York, in Texas and lots of other places.”

And if that starts a trade war? That’s okay, he says, because we shouldn’t be trading when there is such an imbalance, it’s not fair trade.


“The fact is, China is not our friend. I was asked, ‘Are they our enemy?’ I said, ‘Yeah. Actually, they're our enemy. China is our enemy.’ What they're doing to us is unbelievable.”

--George Stephanopoulos

New York Jets
Super Bowl III Champions


Los Angeles Lakers
16-times NBA World Champions

1949, 1950, 1952, 1953, 1954, 1972, 1980, 1982, 1985, 1987, 1988, 2000, 2001, 2002, 2009, 2010

View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.


View Postazjetfan, on 02 July 2014 - 03:36 PM, said:

There are a few things I have realized about Mr. Jet over a few topics.

1) He is a racist. By constantly using race as a battling tool.
2) He is an extreme Liberal. If you are on either extreme you are probabaly more wrong than right.
3) He is one of those people who will never admit fault, error or defeat.
4)His life sucks and he takes it out on people who don't share in his views.
0

#3 User is offline   Mr_Jet Icon

  • Assistant Head Coach
  • Icon
  • Group: Members
  • Posts: 4,253
  • Joined: 31-March 05
  • Gender:Male
  • Location:Earth

  • NFL Team:

Posted 17 August 2011 - 07:38 PM

I heard about this group on the news earlier today. This article is from the Huffington Post.

Quote

'Patriotic Millionaires' Describe What They've Done With Their Bush Tax Cuts: 'I Built A Dance Floor In My House'

WASHINGTON -- Paul Egerman isn't certain how many millions he's saved from the tax cuts enacted during the George W. Bush administration in the early 2000s and extended by President Barack Obama in December of last year.

"I do not know how much I've saved over 10 years but I'm sure it is several million dollars -- probably in excess of $10 million," said Egerman, founder of a medical transcription company called eScription.

And what, HuffPost asked, have you done with all that cash?

"I've kept it," he said. "I have not done anything with that money."

Egerman is part of a gang of self-described Patriotic Millionaires who wish the federal government would help itself to more of their money to address its big budget deficits. Nearly 200 millionaires have signed a letter asking congressional Republicans to consider healing budget gaps with increased revenue -- in particular, higher taxes on millionaires -- instead of just reduced spending.

The group is coordinated by the Agenda Project, a New York think tank, and Wealth for the Common Good, a network of business leaders and wealthy people that promotes "fair and adequate taxation" to support the economy.

Other millionaires on a conference call Monday morning said they had more fun with their extra money than Egerman did.

"I probably traveled a little bit more than I otherwise would have," said Frank Patitucci, CEO of NuCompass Mobility Services, a company that offers relocation management services.

"I got a bigger boat than I used to have," said Dennis Mehiel, the founder and chairman of cardboard box manufacturer U.S. Corrugated, Inc. He lamented that the construction of his 150-foot sloop didn't create any jobs for American workers. "The problem is, it was built in Italy."

Dal LaMagna, founder of Tweezerman, said he used his extra money to help the local economy in by adding stuff to his house in the Pacific Northwest.

"I just started creating jobs myself. I built a dance floor in my house -- which I really didn't need," LaMagna said, adding that he also put in a parking lot. "I just became a Dal LaMagna economic stimulus package in Poulsbo, Washington."

The tax cuts enacted in 2001 and 2003 overwhelmingly benefited the richest 1 percent of taxpayers, according to the nonpartisan Tax Policy Center, a joint project of the Brookings Institution and the Urban Institute. The progressive Center on Budget and Policy Priorities estimated in 2009 that the tax cuts "added about $1.7 trillion to deficits between 2001 and 2008."

The tax cuts would have expired in January, but President Obama broke a campaign promise and struck a deal with congressional Republicans that reauthorized the cuts for two more years in exchange for one year of extended unemployment benefits, among other things. Tuesday, June 7, is the 10th anniversary of the tax cuts.

Extending them further would result in an extra $68,079 for the average member of the richest one percent of taxpayers in 2013, according to estimates by progressive advocacy group Citizens for Tax Justice.

"If they are fully extended, they will cost five-and-a-half trillion dollars over the coming decade," said CTJ President Bob McIntyre on the conference call.

New York Jets
Super Bowl III Champions


Los Angeles Lakers
16-times NBA World Champions

1949, 1950, 1952, 1953, 1954, 1972, 1980, 1982, 1985, 1987, 1988, 2000, 2001, 2002, 2009, 2010

View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.


View Postazjetfan, on 02 July 2014 - 03:36 PM, said:

There are a few things I have realized about Mr. Jet over a few topics.

1) He is a racist. By constantly using race as a battling tool.
2) He is an extreme Liberal. If you are on either extreme you are probabaly more wrong than right.
3) He is one of those people who will never admit fault, error or defeat.
4)His life sucks and he takes it out on people who don't share in his views.
0

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users