The Buffett Rule, 6/100ths of one percent.

[RickN]

The Joint Committee on Taxation reported today that the Buffet Rule would raise $31 Billion over the next 10 years, or 6/100ths of one percent of the budget. In other words it would reduce the deficit .05 percent.

The Congressional Budget Office estimates that Obama's 2013 budget plan would expand the deficit by $6.4 trillion over the next decade. The bill would reduce that by less than 0.5 percent.

http://www.sfgate.com/cgi-bin/artic...20/bloomberg_articlesM1712X6JTSE901-M174W.DTL

 

[jfssms]

31 Billion, that's a lot of Millions! It's like 10 day's of federal spending.

Edit: it's closer to 3 day's spending.

 

[RickN]

Hey a billion here, a billion there and pretty soon you are wasting some real money.

 

[Danny Tanner]

The only buffett rule I care about is "please use a clean plate".

 

[338Shooter]

The only buffett rule I care about is "please use a clean plate".

I don't even care about that one.

 

[Danny Tanner]

I don't even care about that one.

 

[HMFIC]

I dread even commenting on the "Buffett Rule" here. There have been far too many that think it's perfectly ok to tax long term capital gains at the same rate as employment income. The worst part is, they don't even know they're buying into the political gain and falling for exactly what the socialist minded people would have us believe. Before someone comments that we should all be taxed at the same rate for different things (some of which have ALREADY been taxed AT LEAST ONCE already), perhaps they should throw any of their exempted or deferred retirement income into the pool while they're at it to be 'fair'.

Buffett rule indeed. Hogwash.

Want everything to be fair and equal? Start with making the lower 47% pay ANY income taxes at all and then we can discuss the finer points of Capitalist economies.

 

[hanson405]

I dread even commenting on the "Buffett Rule" here. There have been far too many that think it's perfectly ok to tax long term capital gains at the same rate as employment income. The worst part is, they don't even know they're buying into the political gain and falling for exactly what the socialist minded people would have us believe. Before someone comments that we should all be taxed at the same rate for different things (some of which have ALREADY been taxed AT LEAST ONCE already), perhaps they should throw any of their exempted or deferred retirement income into the pool while they're at it to be 'fair'.

Buffett rule indeed. Hogwash.

Want everything to be fair and equal? Start with making the lower 47% pay ANY income taxes at all and then we can discuss the finer points of Capitalist economies.

CAPITALIST PIG! Redistribute the wealth! Free money! No work!

 

[HMFIC]

CAPITALIST PIG! Redistribute the wealth! Free money! No work!

LOL. Yup that's me.

 

[MLRyan]

CAPITALIST PIG! Redistribute the wealth! Free money! No work!

YEAH! rabble rabble rabble. It's not fair that others work for their money, I should get the same moneys for no work because ENTITLEMENT.