these people need to pay their fair share

Yet another reason why Warren Buffet is on top. He doesn’t care about the tabloid trash prevalent in our society.

http://www.realdealdiscounts.com/

Warren Buffett is lying, he’s a big time ass man.

Kardashian has, by all accounts, paid every penny of local, state and federal tax that she owes. In other words, her fair share. She probably pays more in taxes in one year than I earn in 10 years so I’d say she’s paying quite a lot.

I think of myself as being an extremely well-informed person, etc, and I’m in the same boat (if only I was financially!) as Warren Buffett. The Kardashian thing is something that I couldn’t care less about. There doesn’t seem to be any redeeming buzz around anything that they’ve done or do. The most ephemeral of the ephemeral. They make Lady Gaga seem like a benevolent publicity genius, which she is!

obama, among others, has said this all thru 2011, and i’m sure we’ll hear it more this year…  so help me out…  just exactly what is their “fair share”?…  answers in the form of an income percentage or flat dollar amount are acceptable…  your opinion is of interest since obama hasn’t seen fit to let us know…

And you would know this….how?

In a country that has no memory or sense of history, there is something called the graduated income tax that was as high as 60-90% for the top earners – things seemed to work quite well for most people in those days - 30 to 60 years ago. The grossly unequal distribution  of income is going to destroy the United States.

The marginal tax rate is the top rate of income tax charged to individuals on their last dollar of earnings. So in 1955, for example, when the top marginal tax rate was 91 percent, that was the tax rate owed on a person’s income over $300,000. That person would, however, pay 20 percent on the first $2,000 of income; 21 percent on the next $2,000 in income; 24 percent on the next $2,000 and graduated on up to the highest rate. On average, a person making, say, $500,000 would pay substantially less than 90 percent of their income in federal taxes.
The top marginal tax rates peaked in 1952 and 1953 at 92 percent for income over $300,000.
Bob Williams of the Tax Policy Center has this to say about it:
In 1952 and 1953, Williams said, when the top income tax rate was 92 percent for income over $300,000, a person would have to make waaaay more than $300,000 to actually end up paying an average of 90 percent of their income. According to Williams, someone would have to make $2,328,400, and therefore pay $2,095,560, to get to that 90 percent threshold.

Think Billion$

A founding member of the 1% tips the Treasury laughing all the way to the bank.