Bill Gates: I don't pay enough tax

Discussion in 'Current Events' started by PowerON, Jan 25, 2012.

  1. PowerON

    PowerON Active Member

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    Suddenly, I start to like him.
     
  2. ki4jgt

    ki4jgt New Member

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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.
     
  3. rolling7

    rolling7 New Member

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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.
     
  4. naisho

    naisho Forum Disorders M.D.,Ph.D

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  5. TXgolfer

    TXgolfer Dream Weaver Premium Member

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    Dear Bill Gates,

    Feel free to send more than you owe.

    Thx,
    Uncle Sam
     
  6. Banjo

    Banjo Expelled Premium Member

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    That's a good one. :laugh2:
     
  7. Jiro

    Jiro If You Know What I Mean Premium Member

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    I'd prefer that government fixes its own mess and close up any money pitholes
     
  8. Reba

    Reba Retired Terp Premium Member

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    Gates can pay my share, if that would make him feel better. :lol:
     
  9. TXgolfer

    TXgolfer Dream Weaver Premium Member

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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.
     
  10. Jiro

    Jiro If You Know What I Mean Premium Member

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    you missed the point.
     
  11. rolling7

    rolling7 New Member

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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.
     
  12. TXgolfer

    TXgolfer Dream Weaver Premium Member

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    In this case they are comparing income tax to capital gains tax. Thus the "Big Lie"
     
  13. Jiro

    Jiro If You Know What I Mean Premium Member

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    big picture - it's not the rich people. it's our flawed tax system.
     
  14. netrox

    netrox New Member

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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!
     
  15. TXgolfer

    TXgolfer Dream Weaver Premium Member

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    :hmm: That's not my definition of fairness.....
     
  16. rolling7

    rolling7 New Member

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    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.
     
  17. Foxrac

    Foxrac Well-Known Member Premium Member

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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.
     
  18. TXgolfer

    TXgolfer Dream Weaver Premium Member

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    No, my definition of fairness is based on my beliefs.
     
  19. Reba

    Reba Retired Terp Premium Member

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    Ditch income tax and the IRS.

    Go with Fair Tax.

    :D
     
  20. Foxrac

    Foxrac Well-Known Member Premium Member

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    Your belief is based on right wing ideology.
     

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