As Frightening As It Sounds?

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Are your investments being affected by US fiscal cliff?

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1 Comment for “As Frightening As It Sounds?”

  1. Buffett has an army of tax accountants to doctor the books of all his shell corporations. He’ll never pay tax. The guy is a flaming hypocrite.

    Regardless, even if you take every dollar of tax from every person who would be affected, it wouldn’t touch the deficit, never mind the debt. It’s a drop in a bucket. IT’S NOTHING.

    “if the government confiscated the entire adjusted gross income of these American taxpayers, plus all of the corporate taxable income in the year before the recession, it wouldn’t be nearly enough to fund the over $8 trillion per year in the growth of U.S. liabilities. Some public officials and pundits claim we can dig our way out through tax increases on upper-income earners, or even all taxpayers. In reality, that would amount to bailing out the Pacific Ocean with a teaspoon. Only by addressing these unsustainable spending commitments can the nation’s debt and deficit problems be solved.”

    http://finance.yahoo.com/news/why-16-trillion-only-hints-040600503.html

    Rgds

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