Booster4324 Posted August 15, 2011 Author Share Posted August 15, 2011 So what was Buffett's total tax burden last year, then? A lot less than mine. I paid about 35%. Just in federal taxes. Not counting any other taxes, just SSI and Federal taxes. Not sure why you would argue with me over this point as it is fairly simple math. http://www.taxpolicycenter.org/UploadedPDF/1001289_who_pays.pdf That is income tax brother. You are smarter than that. Link to comment Share on other sites More sharing options...
Joe Miner Posted August 15, 2011 Share Posted August 15, 2011 A lot less than mine. I paid about 35%. Just in federal taxes. Not counting any other taxes, just SSI and Federal taxes. Not sure why you would argue with me over this point as it is fairly simple math. Show your work for full credit. Link to comment Share on other sites More sharing options...
DC Tom Posted August 15, 2011 Share Posted August 15, 2011 A lot less than mine. I paid about 35%. Just in federal taxes. Not counting any other taxes, just SSI and Federal taxes. Not sure why you would argue with me over this point as it is fairly simple math. Because you're extrapolating. You're using one number to B word about another number...but you don't actually know, do you? I'm sure, for example, that Buffett owns much more property than you do (with correspondingly higher property tax), and travels far more (correspondingly higher taxes), and pays for far more personal services (even more taxes). On the other hand, his SSI caps out ridiculously low for his income. But the point being, you're comparing two different numbers at a guess that they might be correllated strongly. But you don't actually know. So the only real question up for argument is: would you like me to call you an idiot or a !@#$ing moron for it? Link to comment Share on other sites More sharing options...
Magox Posted August 15, 2011 Share Posted August 15, 2011 A lot less than mine. I paid about 35%. Just in federal taxes. Not counting any other taxes, just SSI and Federal taxes. Not sure why you would argue with me over this point as it is fairly simple math. That is income tax brother. You are smarter than that. Weren't we speaking about federal income taxes? Link to comment Share on other sites More sharing options...
Booster4324 Posted August 15, 2011 Author Share Posted August 15, 2011 Show your work for full credit. What? That is fairly common. I have no need to show it. Plenty of people pay more. Weren't we speaking about federal income taxes? I used Warrens Buffet's federal tax to show that the rich pay way less in total taxation. Link to comment Share on other sites More sharing options...
Joe Miner Posted August 15, 2011 Share Posted August 15, 2011 What? That is fairly common. I have no need to show it. Plenty of people pay more. See Tom's post. Don't make assumptions about numbers you don't have any idea about. Link to comment Share on other sites More sharing options...
Magox Posted August 15, 2011 Share Posted August 15, 2011 What? That is fairly common. I have no need to show it. Plenty of people pay more. I used Warrens Buffet's federal tax to show that the rich pay way less in total taxation. Maybe I'm mistaken, but I thought you were making the claim that some suggested that 50% of the US public don't pay federal income taxes. Link to comment Share on other sites More sharing options...
Booster4324 Posted August 15, 2011 Author Share Posted August 15, 2011 Because you're extrapolating. You're using one number to B word about another number...but you don't actually know, do you? I'm sure, for example, that Buffett owns much more property than you do (with correspondingly higher property tax), and travels far more (correspondingly higher taxes), and pays for far more personal services (even more taxes). On the other hand, his SSI caps out ridiculously low for his income. But the point being, you're comparing two different numbers at a guess that they might be correllated strongly. But you don't actually know. So the only real question up for argument is: would you like me to call you an idiot or a !@#$ing moron for it? Can anyone show me numbers proving otherwise? No one seems to be able to do so. I know that I am a middle income earner and paying around 35% in just federal taxes. I know that I pay sales tax, gas tax, so it is easily 40% of my gross income. More in all likelihood. Where is the rich guy paying that percentage? There are rich guys paying 25% total maybe? And there are low income families paying near that. That is my point, produce a link proving me wrong. Maybe I'm mistaken, but I thought you were making the claim that some suggested that 50% of the US public don't pay federal income taxes. They don't say pay no federal income tax, they say pay no taxes. Link to comment Share on other sites More sharing options...
Magox Posted August 15, 2011 Share Posted August 15, 2011 Can anyone show me numbers proving otherwise? No one seems to be able to do so. I know that I am a middle income earner and paying around 35% in just federal taxes. I know that I pay sales tax, gas tax, so it is easily 40% of my gross income. More in all likelihood. Where is the rich guy paying that percentage? There are rich guys paying 25% total maybe? And there are low income families paying near that. That is my point, produce a link proving me wrong. They don't say pay no federal income tax, they say pay no taxes. But that's not what the subject matter of the topic. Buffett is talking about federal income taxes. Link to comment Share on other sites More sharing options...
Booster4324 Posted August 15, 2011 Author Share Posted August 15, 2011 But that's not what the subject matter of the topic. Buffett is talking about federal income taxes. But it is indicative of the overall taxation. I bet when you add in all other taxation he barely breaks 30%. Probably far less and yet that is still far lower than my taxes and I am not a high earner by any stretch of the imagination. Link to comment Share on other sites More sharing options...
ieatcrayonz Posted August 15, 2011 Share Posted August 15, 2011 But it is indicative of the overall taxation. I bet when you add in all other taxation he barely breaks 30%. Probably far less and yet that is still far lower than my taxes and I am not a high earner by any stretch of the imagination. It is no more indicative of overall taxation than knowing the number of miles he traveled in a car and saying he must not travel a lot in a plane. When trying to do the math here ask yourself "WWFLPD?" . Link to comment Share on other sites More sharing options...
Magox Posted August 15, 2011 Share Posted August 15, 2011 But it is indicative of the overall taxation. I bet when you add in all other taxation he barely breaks 30%. Probably far less and yet that is still far lower than my taxes and I am not a high earner by any stretch of the imagination. Still doesn't take away the fact that a large portion of the population don't pay federal income taxes after you consider all deductions. I'm sorry Booster, but it's hard to make this case considering these facts. Link to comment Share on other sites More sharing options...
DC Tom Posted August 15, 2011 Share Posted August 15, 2011 Can anyone show me numbers proving otherwise? We're not the ones making assumptions on it. Link to comment Share on other sites More sharing options...
Dave_In_Norfolk Posted August 15, 2011 Share Posted August 15, 2011 The unemployed are not paying enough in FEDERAL taxes so Buffett is wrong.... Hair has been split Link to comment Share on other sites More sharing options...
Rob's House Posted August 15, 2011 Share Posted August 15, 2011 They don't say pay no federal income tax, they say pay no taxes. I haven't met this They of which you speak. I can only assume he is using shorthand when addressing the specific taxes in question, is an outlier, or a figment of your imagination. Link to comment Share on other sites More sharing options...
Booster4324 Posted August 15, 2011 Author Share Posted August 15, 2011 I haven't met this They of which you speak. I can only assume he is using shorthand when addressing the specific taxes in question, is an outlier, or a figment of your imagination. No one on this board says that huh? Link to comment Share on other sites More sharing options...
DC Tom Posted August 15, 2011 Share Posted August 15, 2011 No one on this board says that huh? They won't let us. Link to comment Share on other sites More sharing options...
Booster4324 Posted August 15, 2011 Author Share Posted August 15, 2011 They won't let us. And despite evidence to the contrary you won't argue the figure the next time it is tossed out. Link to comment Share on other sites More sharing options...
ieatcrayonz Posted August 15, 2011 Share Posted August 15, 2011 They won't let us. Listen dude you don't want to mess with they. Link to comment Share on other sites More sharing options...
DC Tom Posted August 15, 2011 Share Posted August 15, 2011 And despite evidence to the contrary you won't argue the figure the next time it is tossed out. Only because of apathy. Link to comment Share on other sites More sharing options...
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