GOP tax plans: What would Buffett pay?
January 10th, 2012
10:38 AM ET
2 years ago

GOP tax plans: What would Buffett pay?

New York (CNNMoney) – How would millionaire and billionaire investors like Warren Buffett fare under the GOP presidential hopefuls' tax plans?

Here's a good bet: Much better than Buffett would like.

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Filed under: 2012 • CNNMoney.com • President Obama • Republicans • Taxes • Warren Buffett
soundoff (11 Responses)
  1. Rudy NYC

    Wouldn't it be nice to know how the Republican tax plans would affect the candidates *before* people went to the polls. I recall reading last spring/summer that the Ryan Plan would reduce the *annual* tax obligations for the Koch brothers by $4 billion, with a "B." That should give you some idea how bad they want Republicans to regain power in DC.

    January 10, 2012 10:51 am at 10:51 am |
  2. bc runner

    He would be paying even less and he knows that is not good for the country. Kind of refreshing to have such a wealthy person who benefited so much over the past few years willing to pay more to help the country.

    January 10, 2012 11:28 am at 11:28 am |
  3. Fair is Fair

    "Kind of refreshing to have such a wealthy person who benefited so much over the past few years willing to pay more to help the country."
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    He can pay any amount over and above that which is due. What would be "refreshing" would be to see him put his money where his mouth is and lead by example. Talk is cheap.

    January 10, 2012 11:51 am at 11:51 am |
  4. Rick McDaniel

    Buffet will only pay what he is REQUIRED to pay, and not a penny more.

    January 10, 2012 11:58 am at 11:58 am |
  5. Sniffit

    "What would be "refreshing" would be to see him put his money where his mouth is and lead by example."

    You mean like Mittens being so very forthcoming with his tax returns? Talk IS cheap...and Mittens is reportedly very frugal, so talk IS all we're likely to get from him.

    January 10, 2012 12:02 pm at 12:02 pm |
  6. Fair is Fair

    "You mean like Mittens being so very forthcoming with his tax returns?"
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    Why not stay on topic, Mr. Spinmeister?

    January 10, 2012 12:04 pm at 12:04 pm |
  7. Mikey

    @Fair – Mitt Romney's tax returns are on topic. One of the things many of us want to know is what tax rate he is paying on his probable eight figure annual income.

    And this talk of Warren Buffet voluntarily paying more taxes is just plain stupid. If that's the case, everyone who screams about entitlements should forfeit their Medicare and Social Security. I guess Buffet will pay additional voluntary tax when all the teabaggers sign contracts to irrevocably surrender all government benefits... and stop driving on our roads, darn it!!!!!!!!!!!!!!!!!!!

    January 10, 2012 12:16 pm at 12:16 pm |
  8. Annie, Atlanta

    What I would like to know, and would love for our journalists to ask all the candidates, is if tax breaks for the rich create jobs, how come our jobs are disappearing. Those first tax breaks were enacted by Bush in 2001. You would think we'd be rolling in jobs if tax breaks created them. I'm so sick of this being pushed on us as if we're stupid.

    January 10, 2012 12:17 pm at 12:17 pm |
  9. Mikey

    @Fair – "Why not stay on topic"

    Mitt Romney's tax returns are on topic. One of the things many of us want to know is what tax rate he is paying on his probable eight figure annual income.

    And this talk of Warren Buffet voluntarily paying more taxes is just plain stupid. If that's the case, everyone who screams about entitlements should forfeit their Medicare and Social Security. I guess Buffet will pay additional voluntary tax when all the teabaggers sign contracts to irrevocably surrender all government benefits... and stop driving on our roads, darn it!!!!!!!!!!!!!!!!!!!

    January 10, 2012 12:17 pm at 12:17 pm |
  10. Anonymous

    Why would every media center and big money republican try to block out Dr Ron Paul I thought election process wasnt suppose to be bias this has made me sick these debate dont even talk about the issuses It just puppets trying to convince you to vote for him the issuses is what they should be discussing dont let these idiots make their mind for you we need a change not another war time to go back to the basic quit sending billions of dollars over seas to make everybody happy we need to build are country with all are adopting America has forgot about his only son

    January 10, 2012 12:18 pm at 12:18 pm |
  11. Larry L

    @Fair is Fair

    "He can pay any amount over and above that which is due. What would be "refreshing" would be to see him put his money where his mouth is and lead by example. Talk is cheap."
    --------
    @Rick McDaniel

    "Buffet will only pay what he is REQUIRED to pay, and not a penny more."
    -----------------------------------------------------
    Would you really expect a person to pay more in taxes than the law requires? Really? How much do you "contribute" above and beyond what the IRS requires? Should we run our nation on charity or should we have a reasonable tax code like Mr. Buffet recommends? This election has everybody taking such a hard-line we all seem unable to appreciate the correct things the "other side" does. Somehow we're led to believe that 100% of what our political weasel does is okay and 100% of the ideas from the other slimy politician is bad. We've allowed them to manipulate us and that's a shame.

    January 10, 2012 12:20 pm at 12:20 pm |