quote:

ORIGINAL: TreasureKY

quote:

ORIGINAL: Masta808

quote:

ORIGINAL: TreasureKY

quote:

ORIGINAL: Masta808

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808

If you read the article

And my second post made it clear that you had set up the thread with a slant, by titling it only about income tax, and only quoting about income tax.

Firm

Yes its only talking about the income tax. He will pay 0, ZIP, ZERO, NADDA in Income taxes. He will ONLY be paying a SALES TAXES. Do you really want Warren Buffet to ONLY pay a sales tax. Then the only way for the government to collect taxes on Warren Buffet's enormous wealth compared to rest of America is for him to spend lavishly since he lives moderately. What then force Warren Buffet to pay for lavish goods?

I can't speak for Firm, but why would anyone else care what Warren Buffet pays and whether it is income tax or sales tax?

As I said in another thread:

I would be lying if I claimed there was not a good part of me that asks just why the rich should pay more in taxes.  We already know that there is a significant number of citizens who pay effectively no Federal income tax... and some who actually receive more money back than they paid in.  We know that Warren Buffet's tax rate is less than his secretary's, but what is the bottom line?  Do you really think that Warren Buffet paid less in taxes than his secretary?  He paid $6.9 million... what did she pay?  Did he receive more benefit from his contribution?  Did he use the roads more?  Did he receive more protection from the military?  Did he have access to more infrastructure? 

Just why is it "fair" for one man to pay so much, when others pay nothing at all? 

Of course he has a larger income and can afford it, but why does that matter? 

Would you consider it fair if the price for every purchase you made was based not on the value of the item, but on how much money you have?  Would it be fair for the regular guy in front of you in the grocery store line to get milk for $3.60 a gallon, but because you have a larger bank account, you have to pay $154 a gallon?

So you comfortable with the liberal, progressive, socialist who funded the Occupy Wall Street Protest making more money so he continue to fund his left wing agenda? If you answer yes, your not a True Conservative or a True American. Why do you hate America?

What the heck does that have to do with questioning why you care about what Warren Buffet has or doesn't have, pay or doesn't pay?

Sheesh... 

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808

At least you are being honest. But still dodge my question, on the possibility of Warren Buffet ONLY paying a sales tax under Cain's 999 plan. Sure all the details are not out yet, but that didnt stop us Conservative from drawing conclusions on Obamacare before the bill was finalized and passed.

You faulty logic and vague attempts at some high art of sardonic humor are other reasons that I may not choose to answer you.  You have shown little in the way of rationality and maturity, and I husband my time for people and posters I believe are worth the time invested.

You could get there.  You just ain't there yet.

Firm

quote:

ORIGINAL: TreasureKY


The 9% Business tax is on gross income less all purchases from other US located business, all capital investment, and net exports.

quote:

ORIGINAL: Masta808

Are you that afraid of the question? Has my conclusions using Conservative logic threaten your views that much you are attacking me over a simple question about the possibility that ONE person that stood against Conservative beliefs being able to benefit from Herman Cain's 999 Tax Plan. Its a simple question, not much different from are you for against Death Panels.

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808

Are you that afraid of the question? Has my conclusions using Conservative logic threaten your views that much you are attacking me over a simple question about the possibility that ONE person that stood against Conservative beliefs being able to benefit from Herman Cain's 999 Tax Plan. Its a simple question, not much different from are you for against Death Panels.

Masta ... you haven't mastered "conservative logic" or belief, much less be able to "imitate it".  You simply look childish when you do, and petulant when others won't play your game.

Firm

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808

At least you are being honest. But still dodge my question, on the possibility of Warren Buffet ONLY paying a sales tax under Cain's 999 plan. Sure all the details are not out yet, but that didnt stop us Conservative from drawing conclusions on Obamacare before the bill was finalized and passed.

You faulty logic and vague attempts at some high art of sardonic humor are other reasons that I may not choose to answer you.  You have shown little in the way of rationality and maturity, and I husband my time for people and posters I believe are worth the time invested.

You could get there.  You just ain't there yet.

Firm

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: TreasureKY
The 9% Business tax is on gross income less all purchases from other US located business, all capital investment, and net exports.

Thats one thing that needs to be clarified...what if you are operating at a net loss, as most businesses do during the start up phase? Are they going to pay 9% on gross income which effectively just increases their losses? Capital formation will become much more difficult for unproven startups.

quote:

ORIGINAL: Masta808

So you dont care whether or not Warren Buffett has to pay more taxes when he complained about he pays less taxes than his secretary since he is following the rules. Not to mention he is the billionaire behind the wall street protest as posted here. Which is just the start for Warren Buffett, he may join George Soros and use their money that was NOT collected to FUND progressive liberal radical left wing agendas that are destroying America. Its ok, you dont care.

quote:

ORIGINAL: Masta808

Still dodging the question I see. All it was asking is if your comfortable with Warren Buffett (and now that I think about it, possibly George Soros) paying ONLY a sales tax based on estimates on Cain's 999 tax plan?

If I havent mastered conservative logic, talking points, and ideals then why is it so hard to answer this question?

Wait that maybe too many questions for you to answer.

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: TreasureKY


The 9% Business tax is on gross income less all purchases from other US located business, all capital investment, and net exports.

Thats one thing that needs to be clarified...what if you are operating at a net loss, as most businesses do during the start up phase? Are they going to pay 9% on gross income which effectively just increases their losses? Capital formation will become much more difficult for unproven startups.

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808

At least you are being honest. But still dodge my question, on the possibility of Warren Buffet ONLY paying a sales tax under Cain's 999 plan. Sure all the details are not out yet, but that didnt stop us Conservative from drawing conclusions on Obamacare before the bill was finalized and passed.

You faulty logic and vague attempts at some high art of sardonic humor are other reasons that I may not choose to answer you.  You have shown little in the way of rationality and maturity, and I husband my time for people and posters I believe are worth the time invested.

You could get there.  You just ain't there yet.

Firm

Why he isnt on universal ignore is beyond me. Bob Newhart's take on infinite monkeys hacking randomly at typewriters will make more sense than he does long before they recreate Shakespeare.

'To be or not to be — that is thegrrdnm zsplkt.'

quote:

ORIGINAL: TreasureKY

quote:

ORIGINAL: Masta808

So you dont care whether or not Warren Buffett has to pay more taxes when he complained about he pays less taxes than his secretary since he is following the rules. Not to mention he is the billionaire behind the wall street protest as posted here. Which is just the start for Warren Buffett, he may join George Soros and use their money that was NOT collected to FUND progressive liberal radical left wing agendas that are destroying America. Its ok, you dont care.

And... and... the Chinese may bomb the US... and all the Muslim countries may band together to take over the world... and the sun may go nova... and OMG I may die tonight in my sleep!!!!!  *pant, pant, rave, rave, drool, drool*

Sorry... I just don't care to beat my head against a brick wall worrying about things that might happen.  Particularly when I don't consider them likely.

However, it is okay whether you say or not, but I'm glad you agree.

quote:

ORIGINAL: Masta808

Well if you listen to as much conservative talk radio and read conservative news you would know that it is the progressive liberal left wing that is destroying America. But if your comfortable with people like George Soros and Warren Buffett funding the progressive left wing agenda well then I now know you hate America.

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808
Still dodging the question I see. All it was asking is if your comfortable with Warren Buffett (and now that I think about it, possibly George Soros) paying ONLY a sales tax based on estimates on Cain's 999 tax plan?

If I havent mastered conservative logic, talking points, and ideals then why is it so hard to answer this question?

Wait that maybe too many questions for you to answer.

Your attempts to put words in my mouth, and your petulant whining about "why won't you answer me!" are childish.  I gave you an adult answer here. 

Now, I've given you more attention than you warrant.  Back to skipping over you.

Firm

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808

http://news.yahoo.com/blogs/lookout/warren-buffett-likely-pay-no-income-taxes-under-215446867.html

The Koch Brothers, Ed Conar, WARREN BUFFET and other job creators will likely pay 0 taxes under Cain 9-9-9 plan. They should make a rule to explicit targeted at Warren Buffet funder of Occupy Wall Street to pay more taxes since he wants to instead following the law and taxes like everyone else does. He should not be playing by the same rules as everyone else does, thats no fair.

So ... Warren Buffet doesn't purchase anything ... or any services that would be taxed ... nor has any income at all?

I wonder how he eats?

Geez,   Who knew he was such an ascetic?

Firm

quote:

ORIGINAL: Masta808

As I understood it you would be comfortable with Warren Buffett only paying a sales tax. Since the whole article was only talking about the INCOME part of Cain's 9% INCOME Tax, 9% Sales Tax, and 9% Business Tax.

quote:

ORIGINAL: TreasureKY

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: TreasureKY
The 9% Business tax is on gross income less all purchases from other US located business, all capital investment, and net exports.

Thats one thing that needs to be clarified...what if you are operating at a net loss, as most businesses do during the start up phase? Are they going to pay 9% on gross income which effectively just increases their losses? Capital formation will become much more difficult for unproven startups.

I don't know, Willbe... that's why I've said and will continue to say that we need more details.

I'm just not going to go off half-cocked and declare the plan a failure before we know.  Unlike some people, I have no intention to pass a bill without knowing what is in it. 

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Masta808
As I understood it you would be comfortable with Warren Buffett only paying a sales tax. Since the whole article was only talking about the INCOME part of Cain's 9% INCOME Tax, 9% Sales Tax, and 9% Business Tax.

Ok ... just one more ...

I caught your and the articles biasing trick right in the beginning, right here.

You've been playing five card stud without a pair since this thread began, but you haven't the wit to notice that your bluff was called a long time ago, and continue to demand the pot.

Go fish.

Firm

quote:

9-9-9 Plan: Summary

• Removes all payroll taxes and unites all tax payers
• Provides the least incentive to evade taxes and the fewest opportunities to do so
• Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc…
• Is fair, simple, efficient, neutral, and transparent
• Ends nearly all deductions and special interest favors
• Features zero tax on capital gains and repatriated profits
• Exports leave our shores without the Business Tax or the Sales Tax embedded in their cost, making them world class competitive. Imports are subject to the same taxation as domestically produced goods, leveling the playing field.
• Lowest marginal rates on production
• Kills the Death Tax
• Allows immediate expensing of business investments
• Eliminates double taxation of dividends
• Increases capital formation which aids capital availability for small businesses
• Increased capital per worker drives productivity and wage growth
• Features a platform to launch properly structured Empowerment Zones to renew our inner cities
• The pro-growth, pro-job, pro-export economic policies of the 9-9-9 PLAN equals a strong dollar policy

quote:

• Gross income less charitable deductions.
• Empowerment Zones will offer additional deductions for those living and/or working in the zone.

quote:

ORIGINAL: Epytropos

I don't get why Buffet doesn't just write the IRS a giant check if he really thinks he should be paying more taxes. I have to think they'd cash it in a heartbeat. Just take a giant check like the Publisher's Clearing House has, write down the biggest number he can think of, and take it down there.