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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Alighieri who wrote (688133)12/14/2012 11:27:10 AM
From: Bonefish1 Recommendation  Read Replies (1) | Respond to of 1575290
 
Mr. Buffett and Mr Gates are worth upwards of $100 Billion. When the die they will pay near zero in taxes to the US government.

Mr Kerry wants to register his $7M yacht in Rhode Island to avoid taxes.

Mr. Buffett takes a paltry salary and pays a lot less than Mr. Romney.

TIthing (church giving) is a charitable contribution. available to anyone.

If you don't like people taking advantage of these loopholes write your Congressmen and get them changed.

Sounds like you want a broader tax base with no loopholes.

Which is not what your party wants.



To: Alighieri who wrote (688133)12/14/2012 11:46:48 AM
From: i-node  Respond to of 1575290
 
>> The man takes in 50M, pays no FICA and a 14%

He pays self-employment tax at the higher rate in lieu of FICA. In 2011 he paid $13,572 in SS/Medicare taxes. His FICA portion was the maximum that can be paid under the law.

Why are you making these statements that are patently false?



To: Alighieri who wrote (688133)12/14/2012 1:09:59 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) | Respond to of 1575290
 
Al,
The man takes in 50M, pays no FICA and a 14% (9% when he files his tax revision claiming all of his tithing) in taxes...how much more negative do you want it?
It's a smaller percentage than you would like, but it's not negative at all.

Come on, Al, stop making s--t up.

Tenchusatsu