Skip to comments.'Patriotic Millionaires' Ask to Be Taxed More
Posted on 04/13/2011 9:46:06 AM PDT by SeekAndFind
If President Obama's deficit-reduction speech today includes a call to end the Bush-era tax cuts for the wealthiest Americans, there will surely be pushback; Republicans have already begun a preemptive attack on raising taxes. One group of millionaires, however, is saying that they are more than willing to pay more for the good of their country.
The Patriotic Millionaires penned a letter to Obama, Senate Majority Leader Harry Reid, and House Speaker John Boehner, urging them to increase taxes on incomes over $1,000,000.
The Millionairesa group that includes producer and director Doug Liman, actress Edie Falco, the founder of Ask.com, and top Google engineerswrote that the United States has helped them succeed financially, and they are willing to help the country do the same.
Our country has been good to us. It provided a foundation through which we could succeed, the group wrote. Now, we want to do our part to keep that foundation strong so that others can succeed as we have.
According to Alison Goldberg of the group Wealth for the Common Good, raising tax rates on millionaires could raise $60 billion to $80 billion a year in revenue.
"This small monetary sacrifice is both an ethical and patriotic decision, made in the hopes of allowing the United States of America to continue to be a leader economically, politically, and morally," said Garrett Gruener, founder of Ask.com.
But while these millionaires may be willing to pay more taxes, that doesnt mean everyone in the country necessarily thinks its a good idea.
I am not in favor of raising taxes right now, period, House Majority Leader Eric Cantor, R-Va., said Wednesday on MSNBC. The question is raising revenues.... And how are you going raise revenues? Are you just going to raise taxes through a magic wand
(Excerpt) Read more at nationaljournal.com ...
They can always pay more, if they want to. But what they really want is a license to steal from others who do not feel as they do.
If the lefties want to voluntarily pay more taxes, that’s great.
They don’t care that their taxes aren’t higher. They just hate that other people’s taxes aren’t higher.
You can find a list of these millionaires in this website:
Initial group of signers who would pay the tax:
Chuck Denny, Jr., retired CEO, ADC Communications, MN
Arul Menezes, principal architect at Microsoft, WA
Bernard Rapoport, Chairman Emeritus, American Income Life Insurance Co., TX
William Collins, former mayor of Norwalk, Conn. & CEO of Minuteman Media, CT
Todd Achilles, managing member at Balius Ventures LLC, WA
Jody Wiser, Tax Fairness Oregon, OR
John Steel, former mayor of Telluride, Colo. & attorney, CO
Eric Schoenberg, private investor and professor at Columbia University, NJ
Albert Francke, independent director of companies, NY
David Krakow, school teacher, DC
Stan Storscher, legislative director, SPEEA, IFPTE Local 2001, WA
John Burbank, director, Economic Opportunity Initiative, WA
Susan Estep, financial advisor, MT
Kris Alman, former physician and activist, OR
Jonathan C. Lewis, CEO of Opportunity Collaboration and Microcredit Enterprises, CA
John Harrington, Harrington Investments, Inc., CA
Drummond Pike, CEO, Tides Inc, CA
Roy Ulrich, Attorney and radio Hostels.com, CA
Michael Sherraden, Center for Social Development, MO
Paul Grundy, IBM Corporations Global Director, IBM Healthcare Transformation, NY
Sandee Stewart, Sandee Stewart Television, CA
Rene Balcer, writer and producer, CA
What the signers are saying
Taxes are the price we pay to be part of a society that can take collective action that benefits everyone.
- Arul Menezes, Principal Architect, Microsoft
That something so important to every American as their taxes should fall lightly on those most able to afford proportionately higher taxes and penalize those least able, is not only a disgrace, but it is surely not American.
-John Steel, Attorney and former Mayor, Telluride, Colorado
The parameters of this petition support the importance of taxation as a critical tool to maintain our countrys infrastructure and improve the quality of life for the entire spectrum of U.S. citizens, regardless of income level.
-Julie Johnson, Managing Director, Fresh Pond Capital
It is fundamental to our American values that we have a strong meritocracy which provides equality of opportunity to all Americans. Our current tax structure is regressive and unfairly burdens those in the middle and bottom tiers. Ensuring that everyone has an opportunity to be successful and pursue their dreams means ensuring that each and every American contributes appropriately to the nations well-being.
- Todd B. Achilles, Managing Member, Balius Ventures LLC
My view is that in hard times it is important for Americans to come together and unite over the idea that medical care ought to be a basic right of citizenship. Its only fair for those of us who have benefited the most from this system to contribute the most.
Eric Schoenberg, private investor and Professor at Columbia University
I signed the petition because I want to share what I have so that others may also enjoy good health and well-being. Its a matter of basic caring and fairness for all Americans.
-Arwen Bird, Anti-violence Advocate
Our democracy is undermined by the polarization of wealth and income and opportunity. To realize equal opportunity and equality, we need to lessen the disparities of income, and increase the universality of opportunity.
-John Burbank, Economic Opportunity Institute
I am motivated to work with Wealth for the Common Good, as one way to make a better world for my children and our families.
-Stan Storscher, Legislative Director, SPEEA, IFPTE Local 2001
If they really want to help the country, then they can put more of their resources into defeating Obama.
They never seem to voluntarily pay more. They preach it , and if the taxes are increased ,they’ ll have accountants who will protect them so that the upper middle gets screwed.
Why bother asking? Aside from seeking attention, I see no point. They can give as much extra as they want to the government.
Patriotic Americans will keep their money in the productive economy and out of the destructive government sector.
If these “patriots” cared so much, they’d donate.
Gift Contributions to Reduce Debt Held by the Public
The Bureau of the Public Debt may accept gifts donated to the United States Government to reduce debt held by the public. Acting for the Secretary of the Treasury, Public Debt may accept a gift of:
Money, made only on the condition that it be used to reduce debt held by the public.
An outstanding government obligation, made only on the condition that the obligation be retired and the redemption proceeds used to reduce debt held by the public.
Other intangible personal property made only on the condition that the property is sold and the proceeds from the sale used to reduce the public debt.
Gifts to reduce debt held by the public may be inter vivos gifts or testamentary bequests.
The fiscal year to date information includes total gifts received for the months of October through September. For the years 1996 and 1997, monthly data is not available.
Read about how to make a contribution to reduce the debt. http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance
It gives a whole new dimension to the term ‘useful idiots’
Right. And there is no 'spending' anymore...it's now called "investment."
It is not patriotic to contribute to a Marxist regime.
Somebody needs to pull a Michael Moore or James O’Keefe on these liberals.
Put a camera in their face and force them to sign over their checks to the federal government.
They have the power to pay more money to the government anytime they want.
They can just mail in an extra $100,000 with their taxes each year. Believe me - these people all have good CPAs and tax attorneys so they are paying less taxes than you are.
Not a strong enough term.
How much did obozo voluntarily overpay?
Pray for Amermica
It is still a free country - though we might argue that point - but, thus far, nothing stopping these folks from paying more to Government. What frauds here! Really; they pretend too much. . .
How about patriotic politicians who will spend money responsibly and not squander trillions and try to confiscate more from hard working Americans?
God help us.
If they really feel patriotic, they should put their money into creating jobs for non-millionaires. Doing something that will grow government will only further destroy this country.
Uh huh, sure.
If you think government does more with your money than you can to help the economy, create jobs, put food on people’s plates, then sure, vote to raise taxes.
But you fail at life. You are a MORON.
Exactly. Why don’t these jerks just write a check and give their entire net worth to the U.S. Treasury? Who is stopping them from giving more?
By the way, I never heard of any of the morons on this list. I wonder how many of them put their money in tax-free municipal bonds and don’t pay taxes in the first place.
RE: Somebody needs to pull a Michael Moore or James OKeefe on these liberals.
Well for one, why isn’t Michael Moore on their list?
Athletes exempt, especially basketball players and baseball bazillionaires
Pelosi husband exempt
Feinstein husband exempt
oh, the list goes on and on and on
Brains? Money? Absolutely no correlation.
The pity and the blindness is... is that our children and grandchildren will suffer.
“Exactly. Why dont these jerks just write a check and give their entire net worth to the U.S. Treasury? Who is stopping them from giving more?
By the way, I never heard of any of the morons on this list. I wonder how many of them put their money in tax-free municipal bonds and dont pay taxes in the first place.”
It’s simpler than that: Just demand that they make their tax returns public.
If they have taken ANY deductions or bypassed “income tax” by the usual methods then they are full of it.
Its Patriotic to insist that the beast goes a on a severe diet.
And yes, it is true that we have been Blessed in this Country beyond all measure, and it has produced an environment that is conducive to innovation and achievement - but that has been the outcome gained from a limited government - not the monstrosity that exists today. Why has our economy stagnated? Why have companies had to flee off-shore? To a large degree this has been due to this enormous government which these "patriots" insist that we feed.
I figure that an annual tax rate of 150% would be just right, with the caveat that should any of the aforementioned try to move their money or the person out of the US, all of their monies are forfeit... as well as all future earnings.
In other words, they become an indentured servant to the US.
I'm sure that they'd quickly become so blissed out in ecstasy over their change to finally pay ‘more’.
How about looking for some patriotic poor folks to get off the dole.
I don’t give a rat’s behind what these scumbags do with their money. How hard could it be for these scumbags to google an address for the US Treasury so they know where to send their checks?
I’m not sure I understand why they are “asking” to be taxed more when all they have to do is...
Are they really saying that what they want is for government to put a gun to OTHER PEOPLE’S heads?
Well, if that’s the case then they can have a happy heart attack and drop dead.
RE: I think Congress could easily grant them their wish by simply enacting tax legislation specifically for those mentioned in their letter.
YEP, SPECIAL ADDITIONAL TAX FOR THOSE WHO JOIN THE ‘PATRIOTIC MILLIONIARES’ ORGANIZATION.
I’M WILLING TO BET THIS ORGANIZATION WILL NOT GET MORE THAN 500 MEMBERS.
Funny how the rich Hollywood limo liberals are so generous with your money, but are loathe to part with their own.
Or at least say "thank you".
Just once the parasites could say "thank you" to the taxpayers.
Idiots ... you are at liberty to send a check AT ANY TIME to the US TREASURY, if you believe you are not being taxed enough. If that’s too hard for you to understand, you can just as easily forgo any taxable deductions, and that would increase your taxes as well.
Because you are too STUPID to figure this out... Don’t SCREW the rest of us!!!
RE: By the way, I never heard of any of the morons on this list.
I’m willing to bet that this list won’t grow beyond a hundred people, tops.
I’m still waiting for Bill Gates Sr. to join their group.
I meant figuratively, not literally.
Michael Moore is the biggest hypocrite of them all.
We should shove a camera in his fat face for once and get him to sign over his hundreds of millions of dollars to the government.
Patriotic Millionaires: “What Money?”
Anyone with any sense has already made plans to offshore their wealth.
Taxing someone on what they made in the past year is arbitrary and wacked. Why do that? It means nothing. I reject the entire notion that anyone is "wealthy" based on what flowed THROUGH their pockets. It is taxing cash flow, not wealth. These people are MORONS and they are fine examples of why this country is in the toilet. If you look at most of these folks they really have not done much to have created (key word) the cash flow they live off of. Obama cretainly has not. Someone like Al Gore has not. They are parasites.
It is unfortunate that people buy in the premises that are so widely accepted but really have no basis in reality.
My BS meter pegged and broke when I saw that. What is his side business - running drugs?
Of course these “millionaires” say they want to be taxed more. It’s no different than the unions that fought so hard for Obamacare. What happened? Many of the unions got waivers out of Obamacare, thus giving them an unfair advantage vs. the non union shops that have to abide by the law.
IIRC, Jeffrey Immelt has argued for higher taxes & yet his company, G.E. pays very little, if anything in taxes. I would be willing to bet that Immelt himself pays little in comparison on his personal taxes.
The point? These “millionaires”, while arguing for higher taxes, I’m sure have been assured “loopholes” will be their reward for their efforts, just as w/ the unions, etc. w/ Obamacare. These liberals are soooo hypocritical & frankly transparent w/ a little research. Remember Teddy Kennedy, who while fighting ardently for windmills, wouldn’t allow them in his area?
Millionaires, it’s time to put up or shut up. Set the example. Voluntarily pay extra without anything in return. Otherwise we’ll have no choice, historically speaking, but to wonder what you’re receiving on the back side. You virtually always do.
RE: Anyone with any sense has already made plans to offshore their wealth.
Under Obama, the IRS has new and increasing powers to go after your money deposited overseas.
Even Switzerland, the historical safe haven for millionaires has caved to the all-powerful IRS and already agreed to reveal the names of their American depositors.
Vote another term for Obama and you will see the IRS DOUBLE or TRIPLE their number of tracking agents. This country is desperate for money and the government will do anything in its power to confiscate it wherever they can find it.
I know, but there are still plenty of options. Screw the Swiss. They are horrible at numbered accounts. Hong Kong, however, has been horribly uncooperative with the IRS.
They should be told, point blank, to:
1. Quit worrying about what everyone who is “rich” will pay.
2. If you actually believe what you say, then put your own money where your mouth is and simply donate all your income over $1,000,000 to the government.
That should shut them up.
Yeah, I didn't know there something preventing these great patriotic millionaires from paying more.
Here is an address for these patriotic, caring, full of bullcrap wealthy progs to send money to the government .
Internal Revenue Service Charlotte, NC 28201-1302