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[quote=takoma][quote=Anonymous][quote=takoma][quote=Anonymous]This thread is hilarious.  You can see what the tax burden is on someone with 25k income right?  Sales or other taxes on almost every dollar in that figure.  Gasoline?  Tax.  Telephone? Tax.  Food? Tax. Clothes? Tax.  Electricity? Tax.

The spin doctors have won again by getting all the over educated DCUMers to engage on a debate about the the fictional folks who "pay no taxes."
  
Warren is right.[/quote]
Speaking of Buffett, it looks like Cain's 9-9-9 would put Warren in the 47%, probably with most of the 1%:
[url]http://news.yahoo.com/blogs/lookout/warren-buffett-likely-pay-no-income-taxes-under-215446867.html[/url].[/quote]
Because your link was essential to understanding this, but your intro was a bit confusing:  the Yahoo link asserts that Buffet would pay about 1.1% of his total income if the 999 plan were to go into effect.[/quote]
After mentioning the 1.1% estimate that an accountant named Labant had come up with, the article added:
[quote]A tax rate of 17 percent is significantly higher, of course, than a tax rate of 1 percent. But even a tax rate of 1 percent is likely too high of an estimate, Labant's calculations suggest. Cain's 9-9-9 plan allows individuals to deduct charitable contributions, and Buffett's charitable giving almost certainly exceeded $4.9 million.

If that's the case, as it appears, then Buffett would have paid no income taxes at all last year under the plan, Labant said.[/quote]
From that came the title of the article "Warren Buffett would likely pay no income taxes under Cain’s 9-9-9 plan" and my assertion that it looked like he's become part of the 47% who pay no taxes.  The comment about the rest of the 1% was, I admit, an assumption.[/quote]

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