Nothing is stopping him from giving all his money to the gubmit.
the bilionaire libs are not indignant about “their” taxes being too low, for they are obviously free to overpay their bill... (surely they overpay all their bills and tip the staff generously- ha)
they are indignant about “my” taxes being too low
I am simply selfishly keeping far more than “my” fair share of what the government owns - my income
Only two choices here.
Either the hack writer is too stupid to realize that he can donate to the federal government or what he really wants is for YOU to give more of YOUR money to the government.
So which is it Steph?
That's fine, Stephen, but, according to Forbes, your net worth is approximately $1 billion (with a "B").
Like crosshairs says:
"Nothing is stopping you from giving all your money to the gubmit. ..... crosshairs"
If income tax rates are raised, the vast majority of taxes will not be raised from the Billionaires like you, Stephen. You guys can simply stop earning income, pay zero Federal taxes, and still spend $50 million per year for the next 20 years if you so please. Bill Gates avoids income taxes by glorifying his own name, tax-free, by taking his Billions and giving it to his own foundation.
The ones who take it in the chops with higher income taxes are the small business owners that puts in 80 hours weeks to earn $300,000 per year and build the backbone of the American economy.
If Billionaires like Stephen King and Bill Gates are so eager to raise income taxes for the rest of us, I have a simple soltution:
A Wealth Tax of 5% per for all personal wealth over $100 million which cannot be tax-sheltered in any foundation.
Your tax bill for this year comes out to $50 million, Stephen.
I have this bumper sticker on my truck
“If You Want You Can Always Donate To The IRS”
In MA income tax was cut back from 5.85 per cent to 5.3 per cent. As part of this, a box was put on the MA state tax form allowing people to pay at the higher rate if they so choose.
A very very small fraction of one per cent choose to do this. I would think liberals —and pols like John Kerry— do not
choose to help the government by checking the box that would allow them to pay at the higher rate! Gee.
http://taxprof.typepad.com/taxprof_blog/2010/04/howie-carr-why.html
Howie Carr (2010):
>>We have a two-tier income tax in this state, you know. You have the option of paying either at the standard rate of 5.3 percent, or at the old, higher 5.85 percent rate.
As of Wednesday, here are this years numbers, according to the state DOR:
>>Of 1,840,000 state tax filers, exactly 931 have opted to pay taxes at the higher rate. That works out to one-twentieth of one percent. Think of it this way: In 2000, only 60 percent of the Massachusetts electorate voted to cut the income tax, but a decade later 99.95% of the population has decided to take advantage of the tax cut a lot of them claimed they didn’t want or need.
The moonbat motto is: Do as I say, not as I do. Consider the charitable deductions (or lack thereof) of the most sanctimonious liberal politicians: Obama, Biden, Kerry. They throw around quarters - their own, anyway - like they were manhole covers. But they would gladly give you the shirt off somebody else’s back.
Nothing is stopping him from giving all his money to the gubmit.
Exactly. He needs to stop whining and write the check to Uncle Sam. I am sure Obama will be able to spend his millions easily. These rich cry babies are just trying to lay blame. Be responsible, King, write the d@mn check and shut up!