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Millionaires to Obama: Tax us (reverse peristalsis alert)
Yahoo ^ | 11-19-10 | Rachel Rose Hartman

Posted on 11/19/2010 12:50:30 PM PST by chickadee

Anti-tax activists everywhere have been loudly arguing for an extension of George W. Bush-era tax cuts for the wealthiest Americans in the United States. Now a group of millionaires is arguing the opposite.

More than 40 of the nation's millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports.

"For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled," their website states. "We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bushtaxcuts; democrats; foundationfrauds; hiddenincome; millionaires; obama; offasgoreassets; offashoreassets; taxdodgeplanning; taxes; taxexemptfoundations; taxrates; taxsheltereed
Of course, this is a misdirection, as usual. The tax increases under consideration affect people earning over $250,000 per year - i.e. many small business owners - not just those earning $1M. sigh
1 posted on 11/19/2010 12:50:33 PM PST by chickadee
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To: chickadee

Please! Any time they want to pay more taxes they are welcome to it...they don’t have to wait for the Bush tax cuts to expire.


2 posted on 11/19/2010 12:52:26 PM PST by Boardwalk
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To: chickadee

There’s nothing preventing them from giving their fortunes to government or doling it out to the poor.


3 posted on 11/19/2010 12:54:10 PM PST by cripplecreek (Remember the River Raisin! (look it up))
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To: chickadee
"For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire..."

If I was interested in the physical health on this person below would I:

a) Feed him more?

b) Reduce his food intake?


4 posted on 11/19/2010 12:56:29 PM PST by avacado
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To: chickadee

Hey millionaires. You want to give more of your money to a disfunctional government? No one is topping you. Get out the check book and have at it. You can write as big a check as you want. But STFU about tax hikes. Got it?


5 posted on 11/19/2010 12:56:47 PM PST by SECURE AMERICA
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To: chickadee

Chuckie Schumer proposed raising the $250k limit to $1 million so it is possible. There is also nothing at all stopping these millionaires from figuring out how much they would pay without the cuts and writing a check to the IRS for the difference. For that reason alone it sounds more like a PR stunt than anything serious.


6 posted on 11/19/2010 12:57:23 PM PST by Oshkalaboomboom
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To: chickadee
They can go here anytime they like to put their money where their mouth is:

United States Treasury's site for making donations to help reduce the public debt

and then they can leave me alone.

7 posted on 11/19/2010 12:58:34 PM PST by day10 (Integrity has no need of rules.)
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To: chickadee
Nothing is stopping them from writing a bigger check to the IRS.
Go ahead, guys. Just send whatever you think is fair.

I wonder? Are overpayments to the Federals considered donations? And are they deductable?

8 posted on 11/19/2010 12:59:15 PM PST by Little Ray (The Gods of the Copybook Heading, with terror and slaughter return!)
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To: chickadee
This Yahoo report skews the facts, big-time and pretends that the "Bush tax cuts'only extended to millionaires...a palpable lie. A bunch of millionaires closely aligned with the Democrat party begging to be taxed more? What nonsense. That anyone could be so stupid as to think that raising taxes on millionaires will somehow solve the economic problems the Obama administration and the Democrat-led congress have made for average wage-earners definitely has more money than brains.
9 posted on 11/19/2010 1:00:39 PM PST by Jim Scott (Cautious optimist)
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To: Boardwalk

This is typical of liberals.

Why do you want national health care?
“To help people who need it”
Have you personally ever helped anyone with their medical bills or insurance premiums?
“No, but that’s not the point”
So you favor forcing other people to do what you won’t do voluntarily?


10 posted on 11/19/2010 1:01:33 PM PST by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
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To: Boardwalk

Just have the millionaires cut a check and send it to...

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782


11 posted on 11/19/2010 1:01:53 PM PST by griswold3 (Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.)
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To: chickadee

These aholes are free to decide whatever additional rate they would like to pay and send in the money. Nobody is preventing them from doing that. They just want to take other peoples money.


12 posted on 11/19/2010 1:03:44 PM PST by Second Amendment First
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To: chickadee

Yaaah...I think we know where most modern day American millionaires cash comes from at this point...prolly thru Congress via the IRS guns at the heads of We the People.


13 posted on 11/19/2010 1:03:46 PM PST by mo
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To: chickadee
I have a much better idea. Do NOT tax their INCOME, tax their WEALTH. Anyone with a net worth over 100 times their minimum level should face an immediate 1 time tax of 10% of their WEALTH.

I bet all they'd shut the hell up if and fight tooth and nail if this was done.

14 posted on 11/19/2010 1:05:43 PM PST by Diplomat
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To: chickadee
citizens who now or in the past earned an income of $1,000,000 per year or more

Which do you want to bet it is?

The dirty secret is that the wealthy often don't earn income. They live off existing wealth, and borrow from unrealized gains on investments. They think they have covered all their bases, with their tax strategies, trusts and shelters. What they don't realize is that Obama and his crowd will be going after assets once they can no longer squeeze enough from income taxes. When that happens, I won't mind if these traitors to America lose their wealth; I will fight to the death to protect the rights of real Americans, though.

15 posted on 11/19/2010 1:06:05 PM PST by Defiant (I'm a Fabian Constitutionalist. Roll back FDR and progressivism!)
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To: chickadee

TAX THE WEALTH OF THOSE WITH MORE THAN 10 MILLION IN ASSETS.
TAX BILLIONAIRES AT A 80% rate! Let’s see how they like it when it really hits them hard!

LLS


16 posted on 11/19/2010 1:06:35 PM PST by LibLieSlayer (WOLVERINES!)
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To: chickadee

Just follow the breadcrumbs back to the collective:

http://www.fiscalstrength.com/

http://agendaproject.org/about.html

Commies suck.


17 posted on 11/19/2010 1:08:03 PM PST by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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To: SECURE AMERICA

It’s just lip service as they really believe that it wont happen or if it does they’re already tax sheltered from the effects of it. They important part is that they seem to the sheeple like they care. So what if the millionaires who don’t sign on want to use the money the government wants to take to buy things or expand their business thereby hiring more people.


18 posted on 11/19/2010 1:08:10 PM PST by Hillarys Gate Cult
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To: chickadee

Are the Gates on the list? Gates Sr. was trying to get that passed in Washington State. Funny thing about that is their foundations (where they put most of their money) don’t pay taxes. I wonder if this is another bait and switch.

snippet..

“3) The Gates Foundation is a tax shelter. The Gates Foundation does great work of which you and your family can be justifiably proud. But there is one thing the Gates Foundation doesn’t do: pay taxes.

You and your son have both been outspoken proponents of federal estate taxation. However, the resources you and he contribute to the Gates Foundation avoid such taxation. Moreover, the foundation, as a tax-exempt entity, pays no federal income tax.”

http://www.economicpolicyjournal.com/2010/11/open-letter-on-taxes-to-bill-gates-sr.html

Millionaire tax on the ballot

http://money.cnn.com/2010/11/02/news/economy/state_taxes_washington/index.htm


19 posted on 11/19/2010 1:08:35 PM PST by FromLori (FromLori)
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To: cripplecreek
There’s nothing preventing them from giving their fortunes to government or doling it out to the poor.

Sure there is - the fact that most of their income is in tax-sheltered foundations. Like Bill Gates and Warren Buffett, they create foundations, shelter their stock holdings by placing them in the foundations, then donate to each other's foundations for the tax write off.
20 posted on 11/19/2010 1:09:06 PM PST by chickadee
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To: chickadee
Why do they need to ask permission? They can simply write a check to the Treasury.
21 posted on 11/19/2010 1:10:12 PM PST by HarleyD
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To: chickadee

By all means, immediately pass a bill providing that these 40 people pay a much higher tax rate. 80% sounds about right. After all, its good for the country right?

I bet that everyone of these 40 pays an accountant to ensure that they pay the lowest tax possible each year.


22 posted on 11/19/2010 1:10:37 PM PST by SampleMan (If all of the people currently oppressed shared a common geography, bullets would already be flying.)
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To: chickadee
Now a group of millionaires is arguing the opposite.

Oh, what a bunch of liars. They can donate as money as they want to the government, but they don't. What they really want is taxes on everyone else, knowing they will be able to shelter/dodge taxes.

23 posted on 11/19/2010 1:13:24 PM PST by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: chickadee

I’d look into how these people became millionaires...


24 posted on 11/19/2010 1:16:14 PM PST by WinOne4TheGipper (Truman: The buck stops here. Obama: Buck? What buck? Did I tell you how it's all Bush's fault?)
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To: avacado
Sir, you make a very ugly yet entirely convincing point. O:)
25 posted on 11/19/2010 1:17:44 PM PST by Red Dog #1
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To: chickadee

These millionaires are fully capable of paying any amount of extra taxes now. What they are demanding is for taxes to be raised on OTHER PEOPLE!


26 posted on 11/19/2010 1:18:03 PM PST by Onelifetogive (I tweet, too...)
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To: chickadee

Wonder which of Obama’s idiots came up with this?


27 posted on 11/19/2010 1:19:56 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: chickadee
I hereby invite all financially-wealthy people who want to be taxed to go ahead and donate freely to the Federal Government. No laws, accountants or paperwork is required. You are only costing us money in legislative processing of a bill that would deny you the freedom to give as much or as little as you want when you want. You would do us all a huge favor in removing the politics from your apparent desire to support your centralized government. Of course, you might want to consider giving to the local charities, schools, parks, hospitals and government entities first, but that would be all yours to decide.
28 posted on 11/19/2010 1:20:41 PM PST by skr (May God confound the enemy)
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To: skr

You are not the only one to note these “millionaires”, who claim to want to pay more, (ha ha ha) are not just going ahead and doing so. They seem to want the money taken by force (IRS), not given to the treasury voluntarily AND they want to be sure that others, similarly situated, have their $$$ taken by force as well.

And, you all seem to be right - this little dodge is political. And, many of them don’t have incomes of $1M per year. Taxing them on their wealth would be a much better idea. Let’s ask them how they feel about that:)


29 posted on 11/19/2010 1:28:33 PM PST by chickadee
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To: chickadee

It’s misdirection bordering on fraud. These yahoo democrat supporters are certainly shilling for der Fuehrer. They don’t care if the taxes are raised on “millionaires” because they know that their special little tax dodges, shelters and loopholes that only the really rich can take advantage of will still be there. They may make $100 mil but they also shelter enough of their assets to keep the taxes at a level far below that.


30 posted on 11/19/2010 1:33:56 PM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: chickadee

Soros, Buffet, Gates and Jobs you;re free to make donations for the treasury ANYTIME you want. I believe you even have the resources and political clout to see how your donation is spent. Something the little people can’t do.


31 posted on 11/19/2010 1:39:29 PM PST by YankeeReb
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To: chickadee

These moonbat millionaires are free to write an extra check to the US Treasury any time they like.


32 posted on 11/19/2010 1:39:33 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: chickadee

Fine with me to raise taxes for those making over 1mil a year. They’re mostly Dems anyway.


33 posted on 11/19/2010 1:40:39 PM PST by bkepley
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To: chickadee

Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called “Gifts to the United States.” This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs. These contributions are considered an unconditional gift to the government. Financial gifts can be made by check or money order payable to the United States Treasury and mailed to the address below.

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782


34 posted on 11/19/2010 1:41:39 PM PST by calico_thompson
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To: chickadee

Gee, I wonder what percentage of these 40 voted for Hussein??!!


35 posted on 11/19/2010 1:43:09 PM PST by Oldpuppymax
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To: Windflier
Tax private family Foundations at 35% tax rate and pay Generation Skipping Gift and Inheritance taxes.
36 posted on 11/19/2010 1:43:30 PM PST by scooby321
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To: chickadee

Huckabee once had a very good idea. In Arkansas, he created a Tax Me More Fund. Republicans should propose the same idea on the Federal level. On all federal tax returns, individuals would have the option to pay any additional amount they’d like. Hell, they can even create a higher tax bracket for themselves and just send in the additional cash. These millionaires could contribute all the extra money they want, and once a week the IRS could even publish the list of all new donors and how much they put towards the deficit.

If Democrats feel they should be paying more, well, this would be a very easy way for them to do it - and they’d even get their name published so they can win approval from their fellow leftists.

Of course these liberals won’t actually contribute anything extra. When a liberal talks about higher taxes, they mean for other people. It’s always the other schmucks that should pay, not them. Still, the Tax Me More Fund is a good idea. Republicans could always point to that fund on each tax return and say “if half the country wants higher taxes, they are welcome to get started right now”.


37 posted on 11/19/2010 1:45:04 PM PST by Longbow1969
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To: Longbow1969

What I like is that they claim to be “patriots”. Would a patriot need the IRS to tell them to donate more of their income if the patriot truly believed it was the right thing to do?

Somehow, these self-styled “patriots” don’t feel comfortable just donating their income freely and voluntarily - they want to be sure that everyone else so situated be compelled by the IRS to do so as well.


38 posted on 11/19/2010 1:48:26 PM PST by chickadee
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To: Boardwalk

RE: “Please! Any time they want to pay more taxes they are welcome to it...they don’t have to wait for the Bush tax cuts to expire.”

***********************

Exactly! On a much grander scale, this reminds me of the stunt an especially annoying ‘progressive’ neighbor pulled
recently concerning our gardener.

A group of us all have the same gardener who comes once a week — probably eight homes use his services on this street alone.

This gardener does not charge a lot and most customers have been with him for YEARS.

The ‘progressive’ told me and one other neighbor, a garden variety Dem, that she had instructed the gardener to ‘charge everyone MORE because he did not charge enough!’

Really? Imagine the gall of that! The Dem neighbor and I said “How can you speak for all of us?” “You don’t know everyone’s situation nor is it your business.” “If you want to pay more, put more in your check at the end of the month!” The ‘progressive,’ surprised, went slinking away.

Fortunately, the gardener has NOT increased his fees based on what this idiot said — he’s probably afraid half of us would drop him.

But I say all this just to show how the far left thinks — they will decide for everyone what is best — never mind finding out how others feel about matters. It’s all about THEM, always.

As for me, I have to live next door to this fool, so enjoy playing my radio, loud, when Limbaugh, Levin et al are on — I know she can hear it as she is always on her driveway noisily tossing junk into her bins.

I also have the flag flying every day and Don’t Tread on Me sticker on the car — she has to see it every time she walks out the door. LOL

She has been totally quiet since the election, even though all the idiots in CA were re-elected, as usual. Obviously that was not good enough and she is stewing about the national losses. She had a huge party when Obama won — all her leftist friends present, yelling and carrying on for hours. Yecchhh.


39 posted on 11/19/2010 1:51:56 PM PST by CaliforniaCon
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To: chickadee

Ah yes, kick the ladder down now that you’ve made it to the top.


40 posted on 11/19/2010 1:55:15 PM PST by thecabal (Destroy Progressivism)
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To: chickadee

I never understand these people. The first time I ever heard this was Larry King on a late night radio talk show. We all should be taxed more. Okay, fine, if you want to be taxed even more, write a check. You can write a check for more than you owe. The IRS will be happy. Why does every one elses taxes have to go up to satisfy you?


41 posted on 11/19/2010 2:02:15 PM PST by JohnEBoy
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To: JohnEBoy

Mostly the people that call for higher taxes are rich enough that they won’t miss the money and make most of their money from capital gains that are in tax sheltered funds.


42 posted on 11/19/2010 2:05:06 PM PST by Eva
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To: JohnEBoy

This is how you know it is a liberal/leftist ploy - they believe in mandatory everything. Voluntary doesn’t suit their agenda.


43 posted on 11/19/2010 2:05:22 PM PST by chickadee
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To: chickadee
I suggest they increase taxes only on people who speak out in favor of higher taxes. Let's try that for a while and see how it goes.

Nobody's stopping these a$$h*les from writing extremely large checks to the IRS.

I have only heard of one person who chose to send the IRS many millions more than was required, Elvis Presley. That was a long time ago.

Warren Buffett is a lot richer than Elvis ever was. Whenever I hear him speak out in favor of "taxing the rich", I wonder how many multi-billion dollar checks he has chosen to send the IRS.

44 posted on 11/19/2010 2:07:10 PM PST by 3niner (When Obama succeeds, America fails.)
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To: chickadee

If they are soooooo generous, why don’t they just add an extra $250,000 to their tax return every year until they die! That’s only fair and let everyone else along.


45 posted on 11/19/2010 2:07:27 PM PST by conservativesister
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To: chickadee

Well, these rich moonbats got theirs....how about leaving the rest of us alone so we can get OURS?

Also, these wealthy libs can write out a check to the U.S. treasury anytime they want to if they wish to pay additional money to the government. They don’t need an act of Congress.


46 posted on 11/19/2010 2:23:18 PM PST by july4thfreedomfoundation ("This is our moment, this is our movement, this is our morning in America!" Sarah Palin)
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To: chickadee

Instead of supporting the legalized theft from their peers, if they were true to the so-called principles they want everyone to believe they have, they would simply step up to the “patriotic plate” and freely donate a large chunk of their own assets to the political class institutional apparatus - government - they think so highly of.


47 posted on 11/19/2010 2:48:43 PM PST by Wuli (T)
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To: chickadee

The bozo millionaires can just give more than their return says. Like the Pharisees. Brag on, who cares. In fact the big buck guys can send the cash to me if they want to help the economy.


48 posted on 11/19/2010 2:57:11 PM PST by Pit1 (TSA thughs have to go. Take a lesson from Israel.)
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To: chickadee

Wealth = Net Worth .........Income = Net Work! Why don’t we tax the “rich” as defined by net worth 1% over $3 Million?


49 posted on 11/19/2010 4:09:42 PM PST by stocksthatgoup (Wealth = Net Worth ...........Income = Net Work!)
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To: chickadee

These selfish scumbags are free to write whatever checks to the government treasury they want. But to push for their neighbors and perfect strangers to have money confiscated from them against their will is about as rude as it gets.

I’d like to see the list of names of these 40 rude pieces of sh!t.


50 posted on 11/19/2010 4:23:04 PM PST by Lancey Howard
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