Warren Buffett......Back Taxes????
- Thread starter dieseldiva
- Start date
greg334
Veteran Expediter
Well you do know that the "donation" to the UN he has made can be carried over and used against his earning for years?
ALSO do you know there is a reason why him, Larry Ellison, Bill gates, that apple guy and a bunch of hollywood types should be taxes at 50 or 60% of their wealth - they don't pay any significant taxes.
ALSO do you know there is a reason why him, Larry Ellison, Bill gates, that apple guy and a bunch of hollywood types should be taxes at 50 or 60% of their wealth - they don't pay any significant taxes.
dieseldiva
Veteran Expediter
Yeah yeah but that's not what he said........
zack100
Active Expediter
Sir Issac Newton ????????
On a serious note, Apple guy - Steve Jobs recently stepped down as CEO due to pancreatic cancer. I've got to respect Jobs (a college dropout) for starting Apple in 1976 from his garage......... definitely a "self made" man.
Bill Gates was a college dropout too - funny thing about some of these guys. They create their own business without an overpriced college degree that's only awarded after they spend 4-6 years and tens of thousands of dollars taking classes in which half are dedicated to irrelevant subject matter...but that's for another thread.
However - Buffett, Gates, Jobs et al don't pay significant income taxes every year because they've already accumulated their wealth and during that process their taxes were already assessed significantly. Why should their wealth be taxed again - essentially confiscated by the government?
If Warren Buffett is consumed with guilt due to his success in business, he can always donate the millions he doesn't need to the US Treasury - to be promptly wasted by nameless, faceless bureaucrats. Maybe his grandchildren need to take him on a nice trip around the world to occupy his time for the next 14 months.
However - Buffett, Gates, Jobs et al don't pay significant income taxes every year because they've already accumulated their wealth and during that process their taxes were already assessed significantly. Why should their wealth be taxed again - essentially confiscated by the government?
If Warren Buffett is consumed with guilt due to his success in business, he can always donate the millions he doesn't need to the US Treasury - to be promptly wasted by nameless, faceless bureaucrats. Maybe his grandchildren need to take him on a nice trip around the world to occupy his time for the next 14 months.
greg334
Veteran Expediter
Well I would have agreed with you until I saw who helped him get started - his dad and mom. Both very well connected and both having the money to allow him to play. He was devious right from the beginning and he established the company through a series of tricks.
Jobs, like Ellison seemed to have done more with struggling than Gates ever thought of.
tbubster
Seasoned Expediter
Im with you he is a liberal mouth piece for obama.See even one of the richesi guys in the world says im right.The money he owes taxes on is money that he makes every year not the money he has had for years and already paid taxex on.Its funny how many people connected to Obama and his raise taxes on the rich crowed have such a hard time paying what they already owe.The liberal left does not seem to care about this because Obama the unbeatable one says they are OK
Tennesseahawk
Veteran Expediter
Buffet is an elitist. Do as I say (pay your taxes), not as I do (avoid paying). Guys like that need to be kicked in their solid gold junk.
So how many owner-operators here pay taxes? Not very many I would imagine....thru tax breaks and deductions..$0 taxes paid.....so ya all can stop your whining...
greg334
Veteran Expediter
So how many owner-operators here pay taxes? Not very many I would imagine....thru tax breaks and deductions..$0 taxes paid.....so ya all can stop your whining...
So if you are not paying taxes, don't stick your nose into the conversation
So if you are not paying taxes, don't stick your nose into the conversation
That would apply to a lot here...would kill this thread...
I just find it say, a tad hypocritical..just because their tax deductions are bigger then yours people would complain...we all take advantage of ANY tax breaks that are available...
dieseldiva
Veteran Expediter
That would apply to a lot here...would kill this thread...
I just find it say, a tad hypocritical..just because their tax deductions are bigger then yours people would complain...we all take advantage of ANY tax breaks that are available...
Yes, we all do take advantage of tax breaks that are legally applied to us, and when our incomes have been adjusted......WE PAY WHAT WE OWE which is what this article is about, taxes owed as far back as 2002. How many of us would get away with fighting the IRS for that length of time?
ahhh..the advantage the rich have...good lawyers...
this IS America...now you go out build a billion dollar enterprise and enjoy the same benefits....
paullud
Veteran Expediter
ahhh..the advantage the rich have...good lawyers...
this IS America...now you go out build a billion dollar enterprise and enjoy the same benefits....
Stop having a different opinion, just go with the flow.
Posted with my Droid EO Forum App
Tennesseahawk
Veteran Expediter
Stop having a different opinion, just go with the flow.
Posted with my Droid EO Forum App
LMAO..I forgot supposed to jump on the bandwagon..this is the whining forum....silly me...
tbubster
Seasoned Expediter
I pay my taxes every year also pay a CPA a good amount of money to make sure I get every deduction I can take.Not a thing wrong with that.I pay what I owe.Everyone can take alot of deductions that they dont even relize are there.The problem is alot of people take have their taxes done at robo return outlets shops and want to pay as little as possible to have them done.Another problem is people do their taxes themselfs often times not taking deductions they are allowed.
The problem I have is when someone tries to be the poster boy for raising taxes and says its the right thing to do.When all along he has been refusing to pay the back taxes he already owes.For me this all just adds to the class warfare because Buffett knows his taxes will not be raised so he can say what ever he wants.He also knows along with Obama that millions of voters will just take their word for it and not look to see who is really doing what.
The problem I have is when someone tries to be the poster boy for raising taxes and says its the right thing to do.When all along he has been refusing to pay the back taxes he already owes.For me this all just adds to the class warfare because Buffett knows his taxes will not be raised so he can say what ever he wants.He also knows along with Obama that millions of voters will just take their word for it and not look to see who is really doing what.