The rich should pay more tax

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The rich should pay more tax
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marigold

Joined: 02 Sep 2005
Posts: 12458
Location: West Sussex

Posted: Mon Aug 15, 11 7:10 pm Post subject: The rich should pay more tax
Warren Buffett says so .

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Mon Aug 15, 11 7:11 pm Post subject:
So do I. But I have considerably less influence.

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Mon Aug 15, 11 7:15 pm Post subject:
I was just reading that. To be accurate, the super-rich should pay more tax (those earning over �600,000 per year) and there should be a reduction of future benefits.

marigold

Joined: 02 Sep 2005
Posts: 12458
Location: West Sussex

Posted: Mon Aug 15, 11 7:16 pm Post subject:
You expect a headline to be accurate?

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Mon Aug 15, 11 7:27 pm Post subject:

marigold wrote:

You expect a headline to be accurate?

Perhaps I'm too used to reading the Daily Mail.

chez

Joined: 13 Aug 2006
Posts: 35935
Location: The Hive of the Uberbee, Quantock Hills, Somerset

Posted: Mon Aug 15, 11 7:32 pm Post subject:
"Warren Buffett and Bebo in Rich People Should Pay More Tax shocker!"

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Mon Aug 15, 11 7:33 pm Post subject:
Better than 'Warren Buffet and Bebo in Oversized Knickers'.

chez

Joined: 13 Aug 2006
Posts: 35935
Location: The Hive of the Uberbee, Quantock Hills, Somerset

Posted: Mon Aug 15, 11 7:40 pm Post subject:
Thank you for that beautiful image

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Mon Aug 15, 11 7:44 pm Post subject:

Bebo wrote:

Better than 'Warren Buffet and Bebo in Oversized Knickers'.

That's just wrong in so many ways

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Mon Aug 15, 11 7:50 pm Post subject:
I should have written for the News of the World. Flair for sensational headlines and no morals. I'd have been ideal.

chez

Joined: 13 Aug 2006
Posts: 35935
Location: The Hive of the Uberbee, Quantock Hills, Somerset

Posted: Mon Aug 15, 11 7:52 pm Post subject:
If you work for the Express you have to take a turn at doing the Saturday Nazi article, apparently. Sounded fun.

dpack

Joined: 02 Jul 2005
Posts: 46296
Location: yes

Posted: Mon Aug 15, 11 8:44 pm Post subject:
maybe warren has dark political corners

Shane

Joined: 31 Oct 2005
Posts: 3467
Location: Doha. Is hot.

Posted: Tue Aug 16, 11 4:28 am Post subject:

Bebo wrote:

I should have written for the News of the World. Flair for sensational headlines and no morals. I'd have been ideal.

You'd have been out of work, too.

Sounds like the headline should be "the rich shouldn't be allowed big, juicy tax breaks", rather than "the rich should pay more tax" - if they had to pay the current (I think) 50% on everything over 150k without being able to claim all the breaks, they would pay more tax, simply because 50% of a big number is more than 30ish% of a smaller number.

bagpuss

Joined: 09 Dec 2004
Posts: 10507
Location: cambridge

Posted: Tue Aug 16, 11 6:33 am Post subject:

Shane wrote:

Bebo wrote:

I should have written for the News of the World. Flair for sensational headlines and no morals. I'd have been ideal.

Buffet is talking about the American system where because of how the tax is setup he only pays about 17% tax

Shane

Joined: 31 Oct 2005
Posts: 3467
Location: Doha. Is hot.

Posted: Tue Aug 16, 11 6:36 am Post subject:
Nice of him to make the suggestion, it's got to be said. I presume he's not in favour of the idea being backdated, though.

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