Warren Buffett Exposed Reagan-GW Bush Republican Tax Policies for the Rich

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Subject:	Warren Buffett Exposed Reagan-GW Bush Republican Tax Policies for the Rich
Date:	Wed, 2 Mar 2011 09:26:10 -0800
From:	Jas Jain

Warren Buffett Exposed Reagan-GW Bush Republican Tax Policies for the Rich

This morning Warren Buffett, on CNBC for three hours, brought a paper in his breast pocket with a table of incomes and effective tax rates for the 400 wealthiest Americans, supplied by IRS, in 1992 and the most recent year. The average income for this group has gone up from $45M to $340M, by a factor of 8 (no surprise here under the System of the Crooks). The real shocker was: The effective tax rate for this group has gone down from 26-28%, in 1992, to 16% now under the GW Bush Tax Scheme for the rich that has been fully extended by Obama. The take-home income of this group has gone up by more than nine times (five times in real terms). Presently, the middle class Americans are paying lot higher income tax rates than the wealthiest Americans! It is easy to see why would propagandist Rush Limbaugh support the GW Bush Tax Scheme but why do his middle class listeners do is a mystery. It seems like a case of ignorance, or brainwashing, to me.

 

Squeezing the middle class is a bipartisan affair in America, but Republicans are definitely the guiltier of the two gangs. They both defend and reward the Crooks in their own ways. These gangs know where their power comes from! What is the real value of a vote in a system controlled by Crooks?

Jas

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Kirk Here:  Us taxpayers in the middle pay into the illegal but government sponsored Ponzi scheme called Social Security.  Obama took our SS payments last year and did not invest them in businesses that pay dividends.  Instead he sent the payments to the states to keep paying inflated government worker salaries and benefits as a reward for voting him into office.  As long as our SS payments are not invested for us, the cap should be eliminated so the rich pay the same rate self employed people like I pay...