Yep! This is the Republican "job creators". Taxes aren't the problem

[cowfarmer]

Believe me I'm no commie but the problem is that the wealth in this country is controlled by 1% of the population. Someway or another we need the middle class to bring in more money and in turn wealth, so they can spend and uncle sam can tax. Who gives a sh*t  about taxes. At oine time we truly had trickle down econnomics, now Mr.Buffet and Mr.gates just keep it all. How in the h**l was I audited last year and Berkshire still owes one billion.  Tell that SOB Buffet to pay or you're going to jail. This is why I am starting to like to OWS crowd. I'm a conservative christian which they probably won't like, but one way or another we gotta get more cash into more hands.

[GreaTOne_65]

The Ed Show had a good article tonight, about this very subject. It seems NPR, went out to find these,"JOB CREATORS". Funny thing, they couldn't find any! When they finally put it up on their Twitter account, the ones that answered, said taxes had nothing to with whether on not they were hiring.

The "JOB CREATORS" according to the Republicans, is nothing but a myth at best, at worst an out and out lie.

[r3020]

Cowfarmer, the way to do that is with less government. When the government chooses a winner it will always be the rich because the rich is who keeps them in power.

[gough whitlam]

Nooooooooooooooooooh.  Tell me it isn't true.  Good republicans living the american dream of apple pie and church on Sundays, NOT paying taxes????????   heaven forbid.  How shocking.  It must be a recent phenomenon since Obama came to power.

[Nebrfarmr]

Hey, Mr Buffett is in 'negotiations' on how to pay his back taxes.  Funny thing, if I owed $10,000 in back taxes, I think the IRS would be telling me to either give them a check, or they'll start loading up my cows.  How someone can owe $1 BILLION, and be 'in negotiations' for about 3 years is beyond me.

Mr Buffett was always saying he thought he should pay more taxes.  Now that they want him to, he is fighting it.  How ironic is that?

[schnurrbart]

I would bet there is more to it than that.

[Nebrfarmr]

The corporation that owes the most in unpaid back taxes (going back several years) is Berkshire Hathaway, which owes a bit over one BILLION dollars in back taxes. 
B-H is run by Warren Buffett.  He is not a Republican.

[Nebrfarmr]

The wa I understand it, B-H has all it's money in trusts and holdings, which will be subject to a capital gains tax (and possibly other tax penalties) when pulled out.  Since Buffets business plan is to 'hold forever' his shares are going to be incredibly high in capital gains (B-H stock at the time Buffett bought it, if memory serves me right, was somewhere between $20 and $30 a share, it is now worth not tens of thousands, but well over a hundred thousand dollars per share, of the original issued shares Mr Buffett owns.  There are other classes of shares that are cheaper out there, the ones that are commonly traded). 
So, take a billion dollars, of which probably 98% or more is profit, and subject it to the capital gains tax, how much is that?

When he pulls that amount out, it too will be subject to the capital gains tax, and so on, and so on.

The word on the street is that B-H doesn't want to pay the capital gains on the money they pull out to pay the tax burdeon, and the IRS wants them to. 

It would seem to me, that a good Democrat who publicly says he should pay more in taxes wouldn't fight this, after all, he can afford it.

[Nebrfarmr]

You mean like when GE gets to pay essentially no taxes because of their 'green' initiatives?

Oops, that wasn't Republicans, was it?

Maybe they aren't the ONLY ones who give big corps tax breaks?

[Milligan Hay - Iowa d:^)]

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@schnurrbart wrote:

I would bet there is more to it than that.

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Mr. Buffet is busy playing with his Choo-Choo Train set.... called the Burlington Northern Sante Fe Railroad, which is doing all the "heavy lifting" (which brings train full loads of cash to him) of all that oil from North Dakota and other places that have had a roadblock put in place to prevent the building of a pipeline to Texas.