5 billionaire Buffett Rule backers

Those who make more than $1 million would pay a minimum tax rate of 30% under a proposal by President Obama. Here are some of the big moneymakers asking for a tax hike.

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468Comments
May 17, 2012 7:50AM
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I see that MSN in it's infinite wisdom, and left wing slant, is not allowing comments on the market or JP Morgan articles, just this tax and spend crap! Now there's a surprise!
May 17, 2012 7:15AM
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How about looking at every person getting a check... see if they really need it or not . See if they are just milking the system or if they are really in need... Welfare was not set up to be a way of life.... I know people on the 4th generation of check drawers.... Example... Had a man working here... making 18 a hr as a mechanic. Had 1 kid and one on the way..... went and asked for a pay cut becaue he was going to loose his medical card.... so when he didn't get the cut.... he quit....to keep his medical card...He didnt need the card because he was able to work and have a 18hr job.... How about just making everyone pay their share of taxes.... ie.. do away with income taxes and make a national sales tax... you cant work for cash and not pay your taxed then !!!!

May 17, 2012 7:01AM
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Buffett Rule, which at its heart is a way to raise taxes on dividends and capital gains.

Berkshire still doesn’t pay a dividend, and as for capital gains taxes, well, Mr. Buffett has already made clear that he’ll largely avoid them by transferring his fortune to the Gates Foundation and to charitable trusts controlled by his family. In fact, at the 2010 Berkshire annual shareholders meeting, according to Dow Jones Newswires, Mr. Buffett urged attendees to “follow my tax dodging example” and give away their wealth.

Warren Buffett, fooling useless idiots with each and every word.......
May 17, 2012 6:18AM
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I don't get it the only thing these people know how to do is raise taxes, their solution to everthing is to raise taxes, their whole economic plan is to raise taxes that's it. And what do they do with the money when they get it, steal it for their cronies and their bigger goverment. Obama has stolen almost 5 trillion dollars from the american people and left them with scraps. Obama is the leader of a massive cult, no matter what he says his sheep think it's gospel, it's impossible to try an convince them otherwise.Their hatred runs to deep. Obama  is the leader of the White Peoples Haters Club and the biggest racist in the country. Good decent people are tired of being accused of being racist, by the real true racist and con artist Obama Sharpton and that ugly mumbling moron Jesse Jackson. The good news is people are rapidly waking up to the truth. 

May 17, 2012 6:10AM
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all of the right wing douschbags are up early this morning

 

May 17, 2012 5:52AM
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A couple side comments. Raising the wage limit on SS won't do a lick of good until it's segregated from the general revenue as it once was. Give them more, they'll spend more. TO CONGRESS A QUOTE FROM YOUNG FRANKENSTEIN-----------PUT--THE MONEY--BACK !!!!!!
May 17, 2012 5:26AM
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I will give Warren Buffett $1,000 to STFU!
 
Write a check A-HOLE, you already owe the Fed over $1 BILLION in back taxes!!!!!!!!!!!!!!!!



May 17, 2012 5:19AM
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For the 50,000th time, anybody, anytime, can write a check to the US Treasury for the national debt! Write the check or shut the he-- up !!!!!!!!!
May 17, 2012 5:18AM
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The real question is, why does Obama only give speeches to college students?

Do college students have decades invested in Social Security?
Do college students have homes being foreclosed upon?
Do college students have families to feed/clothe?

A vast MINORITY do, but the vast MAJORITY have no clue what the real world is like yet, they have been sitting in dorm rooms, and frat houses living off of student loans and attending the 4 hrs of classes a day.  They have no idea the economical fiasco awaiting them the second they walk off that stage with a diploma and $100,000 in student loan debt, with no job opportunities.......

Obama needs to step up and explain himself to the AMERICAN PEOPLE, not indoctrinated college students!

May 17, 2012 5:12AM
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Hi,

Governments and socialism dont  work , greece . italy  , spain , india  etc are  big examples  of how  useless governments are . Governments are all like  black  holes  , they will keep on sucking good money . Countries who have low tax and easy rules for business's prosper. 
May 17, 2012 5:11AM
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And of these 5, how many will pay higher taxes once the law is enacted......... NONE!

These "left leaning" billionaires will be jumping through the loopholes created for them and laughing their asses off as they do it!

How about Buffet pay the taxes he ALREADY OWES? 

May 17, 2012 3:28AM
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Buffett Rule, what a joke Warren is because here is an insider to both administrations who profited from buying preferred  stocks in banks he knew would receive taxpayer bailouts. Goldman Sachs, BOA,  Citi and more knowing his bets would be backed by government on banks being to big too fail. He still has yet to settle a $billion plus back taxes issue with the IRS on his Berkshire Hathaway company.

 

This fraud and political a$$ kisser can write a check anytime he wants to and pay what he owes besides contributing his 30% plus in taxes as he suggests. Buffett still takes dividend payments on his holdings instead of income to stay within the 15% tax bracket  avoiding the higher taxes he advocates. His secretary is still waiting for her boss to pay his fair share as she does.

 

Hypocrisy and politics from a "folksy and honest" tail that wags the dog.

May 17, 2012 2:25AM
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we need to stop the outsourcing of the jobs that pay for social security.anything over about 100k isnt taxed.the only thing that will bring the jobs back are tariffs.taxing the job exporters will help but not that much we simply must get our industrial base back and the excellent paying jobs associated with it
May 17, 2012 2:11AM
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well he can not take it with him , sorry  i thought he had a illness i hope he gets better , but hes up there in years  he should let the mothes out of his wallet lol,  he should pay taxes  he says he does  but not alot ,  im taxed  big time  we all should have the same chances as he does  pay very little  well all this will chage i hope  next year  with a new president  if we keep the one we got now we are doomed  just shut the market  down stop reporting on the rest of the world   rebuild the united states  an find out  what happenend to the money  for the bail out of the houses .
May 17, 2012 1:29AM
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Everyone in the country worth 300 thousand or more should be required to pay twenty thousand dollars cash on the budget deficit, and the amount of cash paid should go up for people who are worth more like four hundred thousand should pay twenty five thousand, 500,000 pay thirty thousand one million pay fifty thousand, then all banks, corporations, business on a sliding scale would pay fifty thousand up to A  billion dollars cash.

They could raise two trillion dollars over night, and the country would save at least four trillion dollars of interest money over ten years, this would get things back on track much faster, and the ones paying would get tax breaks to cover this over ten years, it would then justify leaving the Bush tax cuts in place for another two years, and give the congress time to reform the tax system without the pressure,  these people paying would not be going through any hardship by doing this, and they also would benefit greatly by it, also they should raise enough to fund infrastructure, and start rebuilding the infrastructure that needs repairs or replaced this will create jobs,  this could be done in a month to get the economy going, and instead of waiting ten years they could do it now and wait ten years for their tax breaks to get their money back that would be working together for the good of the nation!!!

May 17, 2012 12:59AM
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If I had a billion, why wouldn't I pay more taxes to help everyone with better roads and better schools and better police protections and on and on?  The tax system used to be more progressive and the country did just fine, even grew and grew.  Why not tax the multimillionaires and billionaires more?  The flat tax is not a good idea, it's a stupid idea generated by stupid and greedy people.  Gee, you can't get by on $500,000 a year.  I cry for you, NOT.  And, if you can't figure out your taxes, buy a copy of TurboTax.  It's about $45/year.  The amount of additional tax most of you MIGHT pay is a few thousand more on your (likely) less than $500K/yr is peanuts.  You probably believe you're a real patriot--but one who'd knife your grandmother for a buck.
May 17, 2012 12:44AM
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I'd like to know why so many seem to hate the government out there.  Chances are they're getting a lot of benefits from the government:  Social Security, if they qualify; Roads and road repairs that they use all the time, and think nothing of it; schools they probably send their kids to, even if the schools and the kids are not as good as they used to be; health care services, even if they lose their job and have to go to an emergency room; protection from bank robbers and terrorists and kidnappers; armed forces protection to keep the Russians, Chinese and French over there. 

Yeah, you don't very good service when you call--and there's probably 10-20% dead wood getting our tax monies, but don't forget you also get protection for clean water and air, but many probably just take that for granted.

So, government haters, get lost or go to China and see what you get for your money.

May 17, 2012 12:12AM
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Maybe I am a simpleton, so be it. Why  can't there be a flat income tax? the more you make, the more you pay. The truth is, the more you make, the more resources you use and it is called "income" tax, so why is this so complicated? A very wealthy "friend" of mine once said "I don't mind paying taxes if I am making more money, I don't care what the tax rate is, I would always rather earn more money and pay taxes"  I have not done the math but an example would be, everyone pays the same 15% to federal and 10% to their state, period. (like I said, I have not done the math, it's just an example) If you don't want to pay too much, shut the hell up, quit your job and fill out an application at McDonald's. If you want to work hard and climb the later, the more you make and the more resources you use, pay for them.......
May 16, 2012 11:21PM
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I would love to ask Buffett and Gates why they contribute so much money to the Gates Foundation and other charities if they think the government is a better steward of their money.  Clearly they don't.... 

We need to slash spending before we look to raising taxes.  If we slash spending, balance the budget (with a simplified tax code), and pass a Balanced Budget Amendment that requires the government to spend no more than it actually takes in during the previous year, I would support the Buffett Rule or any other tax increase that went directly to paying down debt and not to bloating the Federal Budget.  Once the debt gets to a reasonable range, the Buffett Rule and/or any other tax increase goes away....
May 16, 2012 11:07PM
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No one can stop them from taking out their checkbooks and writing out  a check to the IRS,Then they can be heros and SHUT UP,
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