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Posted on 10/05/2011 1:18:26 PM PDT by tcrlaf
First sentence of the article (in part): "Senate Democrats proposed a 5% surtax on people earning more than $1 million a year..."
Is the new definition of "millionaire" a person who earns more than a million dollars a year? It used to be a person with a net worth of a million dollars. That doesn't qualify as rich anymore, I suppose.
Idle semantics, I suppose -- the surtax is wrongheaded and counterproductive, no matter how one defines "millionaire," but it's pretty sloppy writing.
Arghhh - of course you’re right - I read your first sentence and hit the keyboard. My apologies.
(Of course it doesn’t hurt to repeat a point as important as the one you made . . . the sincerest form of flattery and all that . . .)
Why not go one more step and make it a VOLUNTARY contribution to the Treasury for millionaires only as a check-off box on their Tax Returns?
It would work like the “contribution for the Presidential Election Fund” we have to check or not check on our 1040s. Only millionaires would be authorized to do it, though. It could be targeted at debt reduction, or bridges needing repair, job creation, etc... all the stuff Obummer wants to do.
After figuring their taxes, they could cut a check for 5% of the Gross income and send it in... SIMPLE!!
I think this would make all those millionaires who what to be taxed more, quite happy (Buffet, Hollywood Democrats, etc) and give them a little control over where their money goes. I don’t think the Republicans or Democrats would complain...
I wonder why this hasn’t been done??...
In ten years we may have another 4 or 5 jobs bills.
Who will pay for those.
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