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Millionaires from Mass. join call to raise their tax rates
Boston Globe ^ | April 16, 2012 | Callum Borchers

Posted on 04/16/2012 4:17:09 AM PDT by GQuagmire

Philippe Villers was a little boy in 1940, when his family escaped from Paris only hours before the Nazi invasion and immigrated to the United States. From the harrowing flight of a wartime refugee, Villers went on to earn degrees from Harvard and MIT and to cofound Computervision, a former Fortune 500 company that made him rich.

“This country has been good to me,’’ Villers, 76, said. “I’d like to do my part to give back.’’

As part of his effort to give back, Villers has made an unusual request to the federal government: Raise my taxes, please.

Villers is one of a handful of Massachusetts members of a national organization called Patriotic Millionaires for Fiscal Strength, which supports a 30 percent effective tax rate on million-dollar annual earners under the “Buffett Rule.’’ The Senate will hold a procedural vote on the proposal Monday.

The US tax code’s top income tax rate is 35 percent but imposes only a 15 percent levy on capital gains on investments, where many affluent Americans earn much of their money. Billionaire Warren Buffett, for whom the rule is named, has complained publicly that he pays an effective tax rate of just 17.4 percent, while his secretary pays 35.8 percent.

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Miscellaneous; US: Massachusetts
KEYWORDS: 2012election; buffetrule; crucifyus; election2012; kenyanbornmuzzie; massachusetts; mittromney; usefulrichidiots
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To: GQuagmire

So tell them to get off their lazy @$$es and write a check!


21 posted on 04/16/2012 5:39:33 AM PDT by conservativegeek (A good plan today is better than a perfect plan tomorrow - George S. Patton)
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To: GQuagmire
“This country has been good to me...’’

Then why would you want to help turn it into a Marxist regime like you fled in the 1940's?

22 posted on 04/16/2012 5:42:05 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: GQuagmire

These are people using the media to negotiate prior back taxes demanded by the IRS.


23 posted on 04/16/2012 5:42:10 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: sickoflibs
maybe we outta just pass a ;aw that allows these millionaires to give their money away in any manner they like, including to the gubmint ???

how hard was that argument ???

24 posted on 04/16/2012 5:43:04 AM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: conservativegeek

Give him a small apartment in southie and give hime 800 dollars a month in walking around money for food, gas, utilities. And take the millions from him.

Then he could feel what it is like to be part of the proletariat class he wanted created.


25 posted on 04/16/2012 5:43:44 AM PDT by EQAndyBuzz (Solyent Pink is Sheeple!!!!)
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To: GQuagmire

We need to find out how much Canada would charge us to take Taxachusetts and Mexifornia off our hands.


26 posted on 04/16/2012 5:43:52 AM PDT by SharpRightTurn ( White, black, and red all over--America's affirmative action, metrosexual president.)
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To: GQuagmire
Anyone who's been realizing capital gains of greater than 15% lately is using insider trading to do so.

That and audit insurance as well as immunity from any federal bagmen.

27 posted on 04/16/2012 5:44:49 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: GQuagmire

I’ll lay odds there’s a quid pro quo in all this, just like there is with s##thead Buffett.


28 posted on 04/16/2012 5:45:34 AM PDT by Marathoner (2 goals this year: (1) S##tcan Obamacare; (2) S##tcan Obama)
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To: SECURE AMERICA

Yeah..they’ll get their tax rate increased then get double the loop holes written in the increase. Meanwhile the dumb schmuck liberal middle class idiot who also thought this was a good idea will get stuck with a higher rate as well. The worst part is we have to pay for it too.


29 posted on 04/16/2012 5:53:23 AM PDT by CommieCutter
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To: GQuagmire

IMHO...most “millionaires” today maintain their cash flow through Federal spending mechanisms. They can tell its going to come to a screeching halt very shortly.


30 posted on 04/16/2012 5:56:49 AM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: Gilbo_3; ding_dong_daddy_from_dumas; stephenjohnbanker; Impy
RE :”maybe we outta just pass a ;aw that allows these millionaires to give their money away in any manner they like, including to the gubmint ???
how hard was that argument ???

Mine was better, the House should put up a ‘I want to pay my fair share’ bill for a vote that makes it even easier to give their money to the feds and publishing the donors online publicly. And maybe call these millionaires to a house committee to find out how they are avoiding ‘paying their fair share’ while they are crying that they want to.

On one side congressional Republicans got freepers like Gilbo to say ‘Just pay more if you want’ while they themselves hide. On the other side Dems are forcing Senate Republicans to take a vote that looks like they are protecting those same millionaires who are ridiculing them.

What if there was a war and our army (the only one with the real weapons) ran away?

31 posted on 04/16/2012 5:57:54 AM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: CommieCutter

David wrote many imprecatory psalms/prayers that his enemies would get caught in the traps they laid for him.


32 posted on 04/16/2012 6:00:17 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Gilbo_3; ding_dong_daddy_from_dumas; stephenjohnbanker; Impy

I have heard complaints by the libs on MSNBC that the MSM is not taking this Buffett rule gimmick seriously, actually exposing it as a election year trick.


33 posted on 04/16/2012 6:03:58 AM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: GQuagmire
What is wrong with these people?

Nothing's wrong. They know they have the lawyers and accountants that will keep them from paying higher taxes. They know the ultimate goal is to raise taxes on the middle class. People who will not have the means to avoid them.

34 posted on 04/16/2012 6:06:49 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: GQuagmire
Millionaires from Mass. join call to raise their tax rates

Actions speak louder than words. The face of MA millionaires, John Kerry docks his yacht in Rhode Island...WHY? Because the taxes are too high in MA.

35 posted on 04/16/2012 6:07:07 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: freeangel

> Nothing is stopping these twits from making large donations
> to the federal government

Exactly!

Their lobbyists will see to it that the laws are written carefully enough to provide loopholes that they can use, and that we cannot.

Thieves and liars, all of them.

NO INCOME TAX!!

FLAT SALES TAX AND IMPORT DUTIES NOW!!


36 posted on 04/16/2012 6:14:06 AM PDT by Westbrook (Children do not divide your love, they multiply it.)
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To: GQuagmire

37 posted on 04/16/2012 6:16:24 AM PDT by tomkat ( Newt / Sarah)
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To: GQuagmire

You can bet Villers isn’t even checking off the voluntary hight tax rate on his Mass tax forms. He’s just an attention whore who wants bragging rights at the next cocktail party.


38 posted on 04/16/2012 6:16:24 AM PDT by 6SJ7 (Meh.)
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To: AU72
There is a box in the Mass. State Tax return that you can check if you want to pay a higher rate. Almost nobody does.

Right! And I hear that, based on the figures of how many pay the higher rate and what it brings in, the handful that choose to pay it would seem to be making $30,000 or less.

39 posted on 04/16/2012 6:19:09 AM PDT by maryz
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To: GQuagmire

These people who apparently want to pay more can send whatever they want, whenever they want. They are either insane, or they have other motives. What possible motives?

Maybe they are spiteful, evil people who see this as a way to harm competitors or simply other rich people in general? Some people are like that. When they see someone who has more than them, they want to destroy it.

Maybe these people actually stand to gain by changes in the tax rate? I’m no expert, but it seems possible one could make quite a bit of money by shorting dividend paying stocks. Maybe they simply have other investments that could improve if money is pulled from equities?

Or maybe they’re just insane...

Just for the record, here’s the link:

https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454

It really is quite simple to send the government more money!


40 posted on 04/16/2012 6:22:12 AM PDT by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
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