Skip to comments.Millionaires from Mass. join call to raise their tax rates
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. Id 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 codes 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 ...
They don’t understand the unfair money grab by government is ruining our economy. Leaving fewer jobs and opportunity.
The likes of John Kerry certainly don’t. Neither do I. (In addition to the box, at one point you may be asked to figure out your tax rate by multiplying one figure by .053 or
.058. A very small number of people pay at the higher
rate and the folks who advocate higher taxes certainly don’t.
While I’m at it, a couple years ago I was visiting New
Orleans and the talk host down there at Rush Radio, John
Osterlind (who used to do mornings at WRKO) was all over
a certain MA citizen (who lives off his second wife’s
first husband’s trust fund) who, um, didn’t pay taxes
on his boat. Yes, that would be one John Kerry.
while his secretary pays 35.8 percent
If the top marginal rate is 35%, how does his secretary, or anybody, have a 35.8% effective tax rate?
I guess that it would be too much to ask for Phil to just quietly send all of the money he don’t want to the U.S. Government without having to make a big production number out of it. No one is stopping him from doing that. Just shut up and send the check, Phil!
thats really what i was getting at, sarcastically, of course...didnt somebody actually put up a bill like that last yr ???
*IF* these guys werent playin kabuki with the commies, these simple and obvious arguments would be forthcoming en masse, rather than just allowing the talking points to continue to dumb down the electorate...
the simple math of what every man, woman and child in the country has to pay operate the [lack of] budget should be hammered daily, and the people should quickly realize that 100% confiscation of all private wealth wouldnt float the boat into the near future...
we're tossing ourselves, and kids, into the mouth of a hungry beast, and expecting it to be satisfied, and in fact, voluntarily go on a diet ???
most people just ASSume theyll be eaten last...especially those pesky 'millionaires' that have lawyers that are very well paid to hide money, no matter what the rate for everyone else...
even if they cant hide it, the worthless dollars are simply sucked out of the consumer/employee pocket anyways...
Im not a Dr of econ...dont even play one on tv, but the simpe math is really too easy to scream it from the House floor, daily...unless, as you said, the surrender/complicity with evil is a given...
NO ! Last year I started posting the idea for them in comments, but the Boehner House just loves being whipped so they just hide like frightened mice.
The idea came from a bill Huckabee signed in AK in the early 1990s as governor and I heard about it on Rush's TV show back then and thought it was great idea. It was called the :”Tax me more” bill.
Class warfare is not new, but Republicans unwillingness to fight back is.
Go back to France, maybe they can use you at CATIA, another FUBAR package...
Now that Villers has already benefited from low capital gains tax he will increase it for those on their way up.
Hmm. No mention of what his taxable income is.
And he's a selfish old scumbag now.
Get out your checkbook and write a check, Phil. Make it out to "US Treasury". How hard could that be?
They should send the IRS a check and shut up about it!
They're suffering from "kleptomania by proxy" ... they want the government to steal from you.
If they were serious about paying more, they'd simply write a check payable to "Treasury of the United States", for whatever amount they want to pay beyond the taxes they currently owe.
Foolish people might think that those 40% of voters would still pay the old rate, but needless to say, almost nobody in the state has ever paid the 5.85% rate, especially rich liberals.
Gee golly. Color me shocked. :)
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