quote Originally posted by cliffw: I was gonna rip into you but, ... what do you mean by prosper, . ?

Again you go after Obama. You do know that Reagan raised debt ceiling 18 times; George W. Bush seven times.
Understand –- raising the debt ceiling does not allow Congress to spend more money, It simply gives our country the ability to pay the bills that Congress has already racked up. It's economics. You probably think that the president has control of the gas prices you pay now. Please tell me you don't get your info from Fox News.

quote Originally posted by bonzo: Cliff W. It's nice to have a battle of wits with an armed person.

Funnier still is somebody that loses and looks foolish and still thinks they are winning

[This message has been edited by Red88FF (edited 12-08-2012).]

quote Originally posted by bonzo: He does. He is saying it could be more. It wont kill him.

You know something we don't? I've not seen anything to suggest Buffett pays anything more than the minimum allowed by law.

If Warren Buffett Wants to Pay More Taxes Why Doesn't Warren Buffett Just Pay More Taxes?

quote There’s a delightful argument going on on the economics blogs about Warren Buffett just at the moment. If he wants to pay more in taxes then why doesn’t he just write a check and pay more in taxes? It started at Bleeding Heat Libertarians and they’re making a point I made myself a few years back. If you think you’re not being taxed enough then all you have to do is write a check and send it to this address: Gifts to the United States U.S. Department of the Treasury Credit Accounting Branch 3700 East-West Highway, Room 6D37 Hyattsville, MD 20782 When I looked into it there was several million dollars sent in each year. I also did the same research in the UK and the US looks rather good by comparison. In the UK that year an entire 5 people had paid extra taxes and four of those were dead, leaving bequests, leaving just that one person who thought they were not paying enough tax. My point back then was simply that you should not look at what people say when determining what they want. You should, according to the economic principle of revealed preferences, look at what people do instead. If people have the opportunity to pay extra tax but do not take it then it doesn’t really matter what they say. For by their non-action they show that they don’t really want to pay those extra taxes.

It Turns Out Warren Buffett Is A Master Of Avoiding Taxes

quote There are two recent cases where Warren has done everything possible to AVOID paying taxes that he actually owes. The first case involved a 14-year fight over the dividend-received deduction that was finally settled with the IRS in 2005. The second case is still pending after 10 years in which he owes just over $1 BILLION in back taxes.