Great piece. We have such a crappy media that refuses to do their jobs. Obama can lie with impunity. No one making $60K per year is taxed at 30%. That is ridiculous. That’s not possible. Her federal tax rate would be much less than that, and her EFFECTIVE rate would be even lower than that after mortgage deductions, etc.

11 mintues of government spending = Buffet Rule.

Duh, Buffet’s clearly paid less, Stu…in fact, isn’t it like 1 point something billion less? #Payyourfreakingtaxes.

I paid 30% on the money I put into stocks.  I pay 15% when I sell the stocks.  That equals around 45%!

 If the d-bag think the rich should pay more taxes why is he fighting the IRS on the billion of dollars his company owes?

I would like to see your return Glenn.

 Right and why did the IRS go after netjets, one of his companies, for avoiding multi million $ in back taxes?    Warren, you are such a freaking liar.   But then you’re from the left, and that’s what the left does.   Just like their leader, obama bin lyin’

 Pretty stupid comment, Rip, even for you. 

Easy for you guys at the Glenn Beck show to say…You’re all wealthy!   You dont have to scrape to pay your electric bills….Wealthy people should pay more! 50% Tax over a Million Dollars…No question about it…I make 48K and am struggling to pay a mortgage car payment and eat….You are all full of crap….The democrats are for the working class not against them…

The Buffett rule died yesterday, now let’s let it rest.

48K/year and got a mortgage?  I see a problem here.

I’d like to know how Obama’s income came in under $1 million this year when he plans to soak the millionaires.  Funny thing about that!  And shouldn’t he have to claim all the junkets and vacations and golf trips?  Maybe a set amount budgeted for first family vacations rather than the apparent open ended extravagances they’ve taken from the tax payers.

You can’t get blood from a stone (or turnip even). There aren’t enough people grossing over a million dollars in income .. to even make a DENT in THIS year’s budget deficit (over 1 TRILLION dollars) … let alone the national debt.  Just because someone is a called a “Millionaire” doesn’t mean they make over a million dollars a year, it just means their *net worth* is valued at over a million dollars.

Even if you had one 50% inclusive tax rate (or a 100% exclusive tax rate) meaning government gets as much as you do of that money from income over one million dollars and you assumed the sum of all millionaires averaged 3 million dollars on average it would take over million of them to cover *just* the deficit this year … and then we’d still have to account for the rest of the money that we were planning on spending. Fun fact: there aren’t even half a million people making over a million dollars a year in personal income according to the latest IRS data (2008 tax year).

However there’s *many* more people making less than that, but you never hear calls in raising taxes on all income brackets as that would be political suicide for pretty much any politician … especially those that throw about rhetoric on class like how the “top 1%” earners in taxpayers pay less than the “bottom 99%” do … these are the same people that can’t grasp simple mathematical principles to realize that it is hardly equitable to have something on the order of the top 5% of income earners paying over 50% of the taxes collected on personal income

No, instead politicians find it easier to demagogue the “rich” and ask for their taxes to be raised, claiming they aren’t paying their “fair share” instead of putting forth a plan (even a compromise plan) that calls for the SERIOUS spending cuts to be made. The only way to tax some of these “millionaires” is to raise capital gains taxes which further discourages investment in our economy. Some politicians go the even more cowardly route and spout off that “we should be taxing corporations more” and really just end up effectively imposing a hidden tax on consumers, laborers, shareholders, or some combination thereof (usually in that order).

The problem, Tyler, is that if you soak “the rich” (i.e., the productive, job creating members our society) there is a good chance your $48K job will go the way of so many other jobs under Obama and you will be left with the crumbs your government will throw your way – but maybe that is what you are after.

The truth of the matter is, Tyler, that the vast majority of the rich earned their money – and they don’t owe you a dime of it!

@vratza:disqus 
my best friend’s half-sister brought home $14285 past week. she gets paid on the internet and moved in a $431400 house. All she did was get blessed and put to use the advice laid out on this web site  MakeCash10.comONLY

Does anyone else care that the newest US Dollar coin does NOT have “In God We Trust” on it?

Whats easy for them to say?   They just asked some proof of what the senate is going by to make legislation.   Cant legislate on made up stories.

About your asking wealthy men to pay half of what they earn for the government to spend irresponsibly as usual…. thats the dumbest thing I have ever heard.  If you want to live off the government go live in North Korea… good luck getting fed. 

CBS nightly news just did a nice piece on how Warren Buffet just wants to Help feed the hungry. What is this guy realy up to?

My best guess is that, if there is ANY truth involved, the “30%” figure was the total of her social security and medicare withholding, her federal and her state tax combined, and maybe her property taxes and sales taxes thrown in for good measure. Then compare that to the adjusted gross income, rather than the total income.   Looking at my own return, I can come up with 20% of our adjusted income paid in taxes.  It’s a bit of a stretch, but… if you add in the portion the employer paid into SSI and call that part of her taxes, you can almost but not quite come up with their bull.

Listen to real stupidity of the Buffet rule. You pay no less than 30% because its FAIR or you pay 15% if the income comes from buying US debt. SO what the rule says is get out of the private market and buy junk US lower yeild crap and get a big tax break to offset the difference. Again the White House picks winners on the state run socialist side and moves more capital away from the free market investments of our wealthiest and probably smartest investors.

And just what does the percentage that “millionaires” pay in taxes have to do with you and your electric bill? Maybe if you’re struggling you should find a cheaper house/apartment, a cheaper car (or use our “glorious” public transportation that the left is so wild about), and eat out less, or lose the cell phone or spend less on vacations or any other numerous non-essentials you probably outspend your budget on. It all comes down to jealousy, hatred, and a woeful misunderstanding of wealth gain/creation. The rich have it, you wrongly think they got it by ripping you off, and you want it, end of story.

Why? Glenn is not trying to create federal tax policy that affects millions of Americans based on his tax return as these 3 dopes (Obama, buffet, buffet’s secretary) are.

Hey, Mitt Romney. Prove it. #ReleaseTheReturn.

Romney has already released his tax returns – stop playing these petty political games based on lies and inuendo. 

No, he has not. He filed for an extension, which means that he has not even filed it with the IRS, much less released it to the public. You Beckites really DO answer every valid point by saying it’s a lie!

I guess I would care if it were true. It is inscribed on the edges of the new Presidential Dollar Coins so that the artwork on both sides can be larger and more dramatic.

Personally, I can’t wait until he does. I’d be very curious to see exactly how many millions he spent on his wife’s little hobby, dressage. That’s “dancing horses” to those of us who don’t speak millionaire. And to think that elsewhere on this site, commenters had some very nasty things to say about Michelle Obama and her fight against childhood obesity. Good old Mrs. Romney better find a new hobby. QUICK!