Did President Obama pay his fair share of taxes? And Why are democrats the party of billionaires?

I actually don't think it's fair to lump either party into the billionaire group.

The fact is that the wealthy in this country have achieved their wealth in different ways. Obviously they're more likely to support whatever is helpful to their way of life and whatever supports their means of income or their family's best interest.

Originally posted by spinalremain
I actually don't think it's fair to lump either party into the billionaire group.

The fact is that the wealthy in this country have achieved their wealth in different ways. Obviously they're more likely to support whatever is helpful to their way of life and whatever supports their means of income or their family's best interest.

Not to mention that most of the wealthy grease all the political wheels. That way they stand a better chance of getting the ear of the politicians, regardless of who is elected.

Originally posted by spinalremain
I actually don't think it's fair to lump either party into the billionaire group.

The fact is that the wealthy in this country have achieved their wealth in different ways. Obviously they're more likely to support whatever is helpful to their way of life and whatever supports their means of income or their family's best interest.

Eventually the dollar won't be worth a lot. But you've got to give the wealthy credit for the nonce, they are building some very nifty underground bunker style condominiums complete with swimming pools, saunas and gourmet cafeterias.

As for the rest of America, well, your underground bunker may not be so opulent. Just so long as it's not a FEMA underground bunker.

One more point before I go out jogging and pumping some iron:

Obama is making for a lousy Messiah. He sure is disappointing the liberals.

As for conservatives, we tend to thank Obama for making reality so stark.

I have no doubt that by the time Obama leaves office, whenver that is, George Soros will have made sure that Obama is a billionaire.

If Obama is not already a billionaire, with his assets hidden in an offshore bank account.

Obama the capitalist while preaching liberal socialism You got to love the ruse.

So is this another troll post in which the OP attempts to flip the associations between parties to suit a political agenda? Reality shows that Republicans are the more favored by the billionaires than Democrats.

Forbe's have tracked not only the billionaires, but who they (and their PACs) have given to, and the results are about what you would expect: Billionaires gave more to republicans - 15% more.

Interactive: Billionaires' Favorite Politicians

The billionaires on the Forbes 400 list have given more than $30 million to politicians and political action committees since 2006, along with millions more in soft money to politically active groups. Although Forbes 400 members give about 15% more money to Republicans than Democrats, they fund groups across the political spectrum.

McCain tops the list with $2.5 million received from billionaires

You claim both president and VP are wealthy enough to be in the top 1% of the tax bracket? Obama made 1.73 million and Biden 379,000, that doesn't get them anywhere close. There were (as of 2009) 261 millionaires in Congress, the wealthiest being Issa (R).

The highest Congressional recipients of billionaires largesse are:
- Norm Coleman (R) = 286,000
- Eric Cantor (R) = 230,000
- Harry Reid (D) comes in 3rd at 196,000

From: McCain Tops Forbes List of Billionaires’ Favorite Politicians

ccponzi: We have a stereotype in America that Democrats aren't wealthy. People like Bill Gates and Warren Buffett and George Soros just don't have any money.

This is such a ridiculous statement. When has anyone (democrat or otherwise) tried to paint Gates, Buffet, Soros, et. al. as not having any money? Gates gives equally to both parties anyhow (See the Forbes tracking article);

Bill Gates: Dems = 63,800, Rep = 52,616, Ind = 83,500.

Buffett never made any secret of his political affiliations, but he has also asked that Congress tax billionaires appropriately;

Buffett blasts system that lets him pay less tax than secretary
Warren Buffett Urges Higher Corporate Taxes

He's written that he would pay more taxes and that he should pay more taxes.

"We hope our taxes continue to rise in the future -- it will mean we are prospering -- but we also hope that the rest of corporate America antes up along with us," said Buffett, who has previously criticized Bush administration tax policy.

Tax cuts won by President Bush, amounting to $1.7 trillion over 10 years, have helped push the federal budget deficit to record levels, as have a weak economy and higher spending for defense and domestic security.

"Tax breaks for corporations -- and their investors, particularly large ones -- were a major part of the administration's 2002 and 2003 initiatives," Buffett said. "If class warfare is being waged in America, my class is clearly winning."

In 2010, Buffett gave a whopping $7,200 to Dems.
FundRace - HuffingtonPost

The "stereotype" (and it's an accurate one) is that Dems want a fairer tax plan, that doesn't give the wealthiest as many tax breaks and loopholes that they now have. Their position is that the middle class should be getting the breaks, not the top 2%. They denounce "trickle-down" voodoo economics as a failed policy. Republicans theory is that if you give more tax breaks to the wealthy - and keep giving them more - and more, and more, that some of this money might eventually filter it's way down to the lower classes. We've had 30 years of this BS, and all it's done is create a massively wealthy "oligarch" class that now can use their money to simply dominate the government. Influence peddling and monied interests are at their highest since the days of the robber barons.

ccponzi: Did President Obama pay his fair share of taxes?

Which is exactly the question Dems ask and want answered - they tend to largely agree that the tax plan gives more breaks to the wealthiest and shifts more of the tax burden to the middle class. Since you asked the question, I can only assume you agree with Dems that Obama or any other millionaire/billionaire didn't pay their fair share of taxes. Not that they cheated or evaded paying their taxes - they used their monied influence to have the tax code written in their favor. Who's fault is that? Republicans? Democrats? How about our fault, we let it happen. And we continue to be led around by the nose by the Oligarch party and their monied interests.

CBS News: Number of Millionaires in Congress: 261

reply to post by Blackmarketeer


Oh, please stop. You are making us laugh too hard.

I never in your wildest imagination said that there aren't billionare and millionaire Republicans, Independents, Libertarians or American Communists. That's what America is about: Capitalism and the free trade market.

What I did say is that this stereotype about Obama and Pelosi and Reid and Biden et al, just giving up all their wealth and spreading it around like there's no tomorrow to make you liberal socialists think you are happy is hype and political posturing.

Originally posted by Aggie Man
Here is the 2010 Forbes 400 richest Americans:

Now I will leave it to someone else to figure the D/R ratio.

www.forbes.com...

At a glance, I see many, many Republicans.

No Rockerfeller's, Rothschilds anywhere on that list as that list is incorrect.

Nathaniel Rothschild is by far one of the richest men on Earth.

en.wikipedia.org...

With $1.7 Million in income means they paid between $650,000 - $850,000 in taxes so yes they did pay their taxes/

reply to post by TheImmaculateD1


What about the offshore money the Obama's made from the investments in Brazil's Petrobras oil giant, made for them by George Soros and put into offshore banks?

reply to post by spinalremain


Seriously, it's very, very difficult to find a politician who can't make a lot of money while in office.

The lesser evil is still evil.

Haven't we figured that out yet?


Posted Via ATS Mobile: m.abovetopsecret.com

reply to post by thisguyrighthere


No, obviously we haven't figure it out. Some prioritization might be in order?

Originally posted by ccponzi
reply to post by TheImmaculateD1

 

What about the offshore money the Obama's made from the investments in Brazil's Petrobras oil giant, made for them by George Soros and put into offshore banks?

What about all the Plutonian gold his alien overlords have authorized his mining of?
What about all the baptismal necklaces stolen from eaten babies?
Lost of questions. Really makes you think.

reply to post by Sinnthia


You are obviously in an area where you have done more thinking on these subjects than I have. Any elaboration is appreciated.

Originally posted by ccponzi
Did President Obama pay his fair share of taxes?

Tax information for President Obama and Vice President Joe Biden was made public yesterday. The President and the first lady earned $1.73 million in joint income last year while Vice President Biden and his wife Jill earned $379,000. That puts both the 1st and 2nd families in the dreaded 'wealthiest 1%' category - a group which Democrats endlessly lecture on paying their fair share. So, did President Obama and Joe Biden do their 'patriotic duty' and pay their fair share?

Plaguerized from Here...

teapartyliberty.blogspot.com...

The rest of your post lifted from...I don't know ...everywhere I looked, what is this a spam email making the rounds?

Originally posted by ccponzi


We have a stereotype in America that Democrats aren't wealthy. People like Bill Gates and Warren Buffett and George Soros just don't have any money.

Liberals are screaming that the rich are getting to many tax breaks. Well, how about the wealthy Democrats?

Why do billionaires tend to be Obama supporting democrats?
The vast majority of billionaires in the US supported Obama and are democrats.

Bill and Melinda Gates $53 billion, Supported Obama, Democrats
Warren Buffett $47 billion, Supported Obama, Democrat
Eli Broad $5.9 billion, Supported Obama, Democrats journals.democraticunderground.com...
John Doerr, $1.7 billion, Supported Obama, Democrat venturebeat.com...
Gerry Lenfest, Supported Obama, Sestak, Democrat
www.campaignmoney.com...
John Morgridge, $1.6 billion. Supported Obama, Democrat
www.newsmeat.com...
Paul Allen $13.5 billion, Supported Obama, Democrat
www.campaignmoney.com...
Laura and John Arnold, $4 billion, Supported Obama, Democrat
www.campaignmoney.com...
Michael Bloomberg, $18 billion. Supported Obama, Democrat
Michele Chan, $5 billion. Supported Obama, Democrat
Barry Diller, $1.2 billion. Supported Obama, Democrat -
nymag.com...

.Why are democrats the party of billionaires?

reply to post by ccponzi


Now to the crux of this argument based on BS cherry picking..

Let's just pretend your claims are accurate. The vast majority of Billionaires in the US are democrats.

OK...so they support higher taxes on themselves. Nuff said. What's the problem? Raise taxes on the top 1%.

Debate over.

Let's see how that goes over.....

reply to post by maybereal11


If you say the debate is over, what's the sense to my saying anything that touches on common sense? You close a debate as if you won the debate. That's like surrendering at Bataan and saying you defeated the Japanese army.

Originally posted by ccponzi
reply to post by maybereal11

 

If you say the debate is over, what's the sense to my saying anything that touches on common sense? You close a debate as if you won the debate. That's like surrendering at Bataan and saying you defeated the Japanese army.

Like I said....

Strange how your post didn't answer the question.

Later...

AND btw ...maybe explain why you plaguerized your OP verbatum?

Ya know, I wouldn't be the least bit surprised to learn that there are MORE billionaire Democrats than billionaire Republicans. Wouldn't surprise me in the least. Billionaire Democrats are notoriously silent about themselves. You know, illuminati like.