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The rich should pay more tax
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marigold



Joined: 02 Sep 2005
Posts: 12407
Location: West Sussex
PostPosted: Mon Aug 15, 11 7:10 pm    Post subject: The rich should pay more tax Reply with quote    

Warren Buffett says so .

Bebo



Joined: 21 May 2007
Posts: 12395
Location: East Sussex
PostPosted: Mon Aug 15, 11 7:11 pm    Post subject: Reply with quote    

So do I. But I have considerably less influence.

Treacodactyl
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 24476
Location: Jumping on the bandwagon of opportunism
PostPosted: Mon Aug 15, 11 7:15 pm    Post subject: Reply with quote    

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: 12407
Location: West Sussex
PostPosted: Mon Aug 15, 11 7:16 pm    Post subject: Reply with quote    

You expect a headline to be accurate?

Treacodactyl
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 24476
Location: Jumping on the bandwagon of opportunism
PostPosted: Mon Aug 15, 11 7:27 pm    Post subject: Reply with quote    

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: 34329
Location: The Hive of the Uberbee, Quantock Hills, Somerset
PostPosted: Mon Aug 15, 11 7:32 pm    Post subject: Reply with quote    

"Warren Buffett and Bebo in Rich People Should Pay More Tax shocker!"

Bebo



Joined: 21 May 2007
Posts: 12395
Location: East Sussex
PostPosted: Mon Aug 15, 11 7:33 pm    Post subject: Reply with quote    

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

Chez



Joined: 13 Aug 2006
Posts: 34329
Location: The Hive of the Uberbee, Quantock Hills, Somerset
PostPosted: Mon Aug 15, 11 7:40 pm    Post subject: Reply with quote    

Thank you for that beautiful image

Penny Outskirts



Joined: 18 Sep 2005
Posts: 23380
Location: Planet, not on the....
PostPosted: Mon Aug 15, 11 7:44 pm    Post subject: Reply with quote    

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: 12395
Location: East Sussex
PostPosted: Mon Aug 15, 11 7:50 pm    Post subject: Reply with quote    

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: 34329
Location: The Hive of the Uberbee, Quantock Hills, Somerset
PostPosted: Mon Aug 15, 11 7:52 pm    Post subject: Reply with quote    

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: 23575
Location: yes
PostPosted: Mon Aug 15, 11 8:44 pm    Post subject: Reply with quote    



maybe warren has dark political corners

Shane



Joined: 31 Oct 2005
Posts: 2800
Location: Doha. Is hot.
PostPosted: Tue Aug 16, 11 4:28 am    Post subject: Reply with quote    

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: 10268
Location: cambridge
PostPosted: Tue Aug 16, 11 6:33 am    Post subject: Reply with quote    

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.
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.


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: 2800
Location: Doha. Is hot.
PostPosted: Tue Aug 16, 11 6:36 am    Post subject: Reply with quote    

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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