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Unread 01-25-2012, 10:52 AM   #1
PowerON
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Bill Gates: I don't pay enough tax

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Microsoft co-founder Bill Gates says he does not think he pays enough tax, and says wealthy Americans should contribute more in order to solve the deficit problem.

Speaking on BBC World, Mr Gates said taxing the rich, was "just justice".
source

Suddenly, I start to like him.
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Unread 01-25-2012, 08:09 PM   #2
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A lot of the first generation rich people are asking for higher taxes. None of the second generation are but Bill isn't the only one.
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Unread 01-26-2012, 11:56 AM   #3
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Legal deductions = legal deductions

There are many of us who take standard deductions or file a long-form to get additional deductions and this is the normal and smart way to do taxes.
Often time, allowed deductions will result in a person not owing anything and/or getting a refund.

In the case of Bill Gates, he should take the max. legal deductions he possible can, it is the smart thing to do. After deductions then his tax owed will be according to tax laws. As long as he pays in full this owed taxes, he is equally honest as those that get a refund and/or pay no taxes.

Should he want to donate more of his income to the government, that is his right. However, the does not make the tax laws, that is the job of Congress.
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Unread 01-26-2012, 11:59 AM   #4
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Unread 01-26-2012, 11:59 AM   #5
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Dear Bill Gates,

Feel free to send more than you owe.

Thx,
Uncle Sam
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Unread 01-26-2012, 12:03 PM   #6
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That's a good one.
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Unread 01-26-2012, 01:12 PM   #7
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Suddenly, I start to like him.
I'd prefer that government fixes its own mess and close up any money pitholes
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Unread 01-26-2012, 01:19 PM   #8
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Gates can pay my share, if that would make him feel better.
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Unread 01-26-2012, 01:26 PM   #9
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Yeah he is joining Buffett in the Big Lie. If Buffett is so worried about his secretary's taxes he can always give her a $13,000 gift to help her pay them.......tax free even.
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Unread 01-26-2012, 01:30 PM   #10
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Yeah he is joining Buffett in the Big Lie. If Buffett is so worried about his secretary's taxes he can always give her a $13,000 gift to help her pay them.......tax free even.
you missed the point.
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Unread 01-26-2012, 01:36 PM   #11
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Yeah he is joining Buffett in the Big Lie. If Buffett is so worried about his secretary's taxes he can always give her a $13,000 gift to help her pay them.......tax free even.
There are actually way this can be legally done. The tax law was set up so that the 90% could take advantage of the way but, of course, the 10% can use the same law.
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Unread 01-26-2012, 03:06 PM   #12
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There are actually way this can be legally done. The tax law was set up so that the 90% could take advantage of the way but, of course, the 10% can use the same law.

In this case they are comparing income tax to capital gains tax. Thus the "Big Lie"
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Unread 01-26-2012, 03:10 PM   #13
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big picture - it's not the rich people. it's our flawed tax system.
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Unread 01-26-2012, 09:51 PM   #14
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Why should Bill Gates be the only one to pay more taxes? All the damn rich people should! That's called fairness!
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Unread 01-26-2012, 09:56 PM   #15
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Why should Bill Gates be the only one to pay more taxes? All the damn rich people should! That's called fairness!
That's not my definition of fairness.....
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Unread 01-26-2012, 10:16 PM   #16
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Why should Bill Gates be the only one to pay more taxes? All the damn rich people should! That's called fairness!
You are right. There needs to be fairness. All Americans need to do their fair share. So if a person makes $1,000.00 a year in income or $10 million a year each should to be required to pay an equal percent more in taxes. That is fairness.
At the same time an equal percent of spending reduction must be done, after all we all got into this debt together. That is fairness.
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Unread 01-26-2012, 11:36 PM   #17
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Quote:
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Why should Bill Gates be the only one to pay more taxes? All the damn rich people should! That's called fairness!
Yup, all rich people should pay same tax rate instead of point at Bill Gates only.

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Originally Posted by TXgolfer View Post
That's not my definition of fairness.....
Well, your definition about fairness is based on right wing.
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Unread 01-26-2012, 11:50 PM   #18
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Yup, all rich people should pay same tax rate instead of point at Bill Gates only.



Well, your definition about fairness is based on right wing.
No, my definition of fairness is based on my beliefs.
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Unread 01-26-2012, 11:57 PM   #19
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Ditch income tax and the IRS.

Go with Fair Tax.

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Unread 01-27-2012, 01:08 AM   #20
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No, my definition of fairness is based on my beliefs.
Your belief is based on right wing ideology.
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Unread 01-27-2012, 01:09 AM   #21
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Ditch income tax and the IRS.

Go with Fair Tax.

Fair Tax is just other word for "Fair Tax For Rich People".

It isn't fair at all.

Our current tax system is most fairness if there are no flawed in tax system.
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Unread 01-27-2012, 01:45 AM   #22
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Your belief is based on right wing ideology.
Wrong again
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Unread 01-27-2012, 01:46 AM   #23
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Wrong again
It isn't wrong.
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Unread 01-27-2012, 01:48 AM   #24
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Fair Tax is just other word for "Fair Tax For Rich People".

It isn't fair at all.

Our current tax system is most fairness if there are no flawed in tax system.
What do you feel is unfair about it?
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Unread 01-27-2012, 01:57 AM   #25
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What do you feel is unfair about it?
We discussed about this topic in long time ago and I'm completely against on Fair Tax Act.

There are reason that I'm against because I do not want national sale tax and not believe in people to pay same tax rate, even I don't give ass about prebates so it will still tough impact on low class and middle class. I just called Fair Tax is just other "Fair Tax For Rich People" so rich people will be only greatest advantage and benefits with Fair Tax.

The current tax system, known as progressive income tax is most fairness because people have to pay fair share that depends on their income. Rich people need to pay more taxes than lower income in class, however with flawed tax system, it isn't more fairness as in past.

MAJOR REASON: I don't want national sale tax, period and thankfully, it don't get enough politicians to support this case.
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Unread 01-27-2012, 02:06 AM   #26
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We discussed about this topic in long time ago and I'm completely against on Fair Tax Act.

There are reason that I'm against because I do not want national sale tax and not believe in people to pay same tax rate, even I don't give ass about prebates so it will still tough impact on low class and middle class. I just called Fair Tax is just other "Fair Tax For Rich People" so rich people will be only greatest advantage and benefits with Fair Tax.

The current tax system, known as progressive income tax is most fairness because people have to pay fair share that depends on their income. Rich people need to pay more taxes than lower income in class, however with flawed tax system, it isn't more fairness as in past.

MAJOR REASON: I don't want national sale tax, period and thankfully, it don't get enough politicians to support this case.
"Rich" people already pay more than the "lower income in class" .....
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Unread 01-27-2012, 02:08 AM   #27
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"Rich" people already pay more than the "lower income in class" .....
I have to disagree with you because it isn't fair share to pay.
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Unread 01-27-2012, 02:19 AM   #28
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I have to disagree with you because it isn't fair share to pay.
Interesting
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Unread 01-27-2012, 02:23 AM   #29
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Unread 01-27-2012, 02:24 AM   #30
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*thud*
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