N8ivWarrior: Deficit Follow-up

And a little over the edge.

Deficit Follow-up

Published Wednesday, December 07, 2011 by John Burkholder | E-mail this post

Many of the ignorant feel that it isn't fair for the rich to pay more. OK. I call your "fair" and raise you one.

Looking at an article published November 23, I can see that it is totally fair for Billionaires to avoid reporting gains. It is much easier for a tax return to show a loss of $9.8 million instead of paying the $44.7 million they were supposed to pay. So for "fairness", let's just have everybody else pay the $54 million delta for the uber rich of this ONE person because it is "fair". They don't pay more. They don't even pay the same percentage I pay. On a percentage basis, with loopholes, write-offs, and "losses", they pay less.

Why do YOU think Warren Buffet suggested the tax be increased for the uber-rich? And for those people who say "just send in a check", you apparently have never done this so let me explain. The IRS will send you a check back saying you paid too much. Thus..he wants the government to change it.

I am not uber-rich. But when the uber-rich are agreeing with Warren Buffet, you have to think we have a problem.