Monday, September 26, 2011

Wrong Solution

Complaineth the President:
And let's reform [taxes] based on a very simple principle: Warren Buffett's secretary should not be paying a higher tax rate than Warren Buffett. It's a simple principle.

Ok, so why doesn't Obama take the obvious path of cutting Warren Buffett's secretary's taxes?

I swear, Obama's answer to desegregating the South would've been to ban drinking fountains completely and not let ANYBODY ride in the front of the bus.

[SBA day 38]

3 comments:

  1. Warren Buffet's secretary pays taxes based on her salary. Warren Buffet pays taxes based on his profits, which also pays his secretary's salary. Two completely different tax models.

    On top of that, I don't think there is any doubt that Warren Buffet pays a lot more taxes (despite his tax cheating and tax avoidance) than his Secretary does.

    He likely also pays a smaller rate on his houseing, transportation, luxury foods, clothing, vacations, medical expenses and everything else that he buys. Anyone think he should pay more for those things? or maybe we should just make his secretary stop buying stuff that she wants with her own money.

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  2. Yes, the answer to the imbalance of taxes is never for a group to pay less taxes.

    Never mind the fact that the 15% rate they refer to is Capitol Gains Tax, and the money used for such a thing has already been taxed as Income Tax. When factored in that way, the rich are actually paying more taxes, not less.

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  3. There you go, using logic again.

    Come to think about it, though, I haven't seen a drinking fountain in several years.

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