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45 millionaires ask Obama to end tax cut for rich
Orange County Register ^ | 11/19/2010 | Martin Wisckol

Posted on 11/19/2010 6:53:07 PM PST by South40

Forty-five of the nation’s wealthiest taxpayers, dubbing themselves “Patriotic Millionaires for Fiscal Strength,” are asking President Barack Obama to let tax breaks expire for those making more than $1 million.

“We have done very well over the last several years,” reads their letter, posted on their website. “Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.

“Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.”

(Excerpt) Read more at totalbuzz.ocregister.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: baloney; taxcuts
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To: South40

I have often thought they should raise the taxes of everyone registered as a democrat as of yesterday that earns more than $250,000 a year.

That would shut everyones pie hole.


41 posted on 11/19/2010 7:34:13 PM PST by TexasFreeper2009 (Obama = Epic Fail)
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To: laconic

Neither does the head of the Treasury, apparently...Timothy Franz “TurboTax” Geithner.

Effing sick. But they will come after you and I with meathooks for screwing up and not paying $1000 in taxes. It makes me sick.


42 posted on 11/19/2010 7:34:24 PM PST by rlmorel (TSA's new motto: "You don't get on, Until we get off.")
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To: South40

Agitprop !!!


43 posted on 11/19/2010 7:35:17 PM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: elephant

“This article SMELLS”

FAKE FAKE FAKE FAKE

There is no way MOBY makes over 1 mil.

Looks like anyone can sign up on the “Patriotic Millionaire” website. Do they ask for tax returns?


44 posted on 11/19/2010 7:41:21 PM PST by Selene
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To: South40

My BS detector is pegged in the red zone.


45 posted on 11/19/2010 7:44:43 PM PST by VRW Conspirator (The greatest deterrent to liberalism is sunlight.)
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To: South40

Sorry, I’m not buying this.

I think it’s more like 45 people on a website who like to PRETEND they are millionaires.

Haven’t seen the website, so I could be wrong.

Anyone who believes that millionaires got that way by telling the government to take as much as they can, doesn’t understand how they got to be millionaires.

This seems like some planned PR stunt to get conservatives to agree with trying to screw the rich.

The less money they have, the less chance of the unemployed getting a job. Businesses are closing left and right. The last place I worked finally went bottom up.

Maybe there are 45 millionaires who are this ‘altruistic’, but I seriously doubt it.


46 posted on 11/19/2010 7:45:40 PM PST by UCANSEE2 (Lame and ill-informed post)
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To: South40

I’ll bet anyone $50 that these trustafarians get all their income from tax free munis purchased by the hard work of their parents or grandparents


47 posted on 11/19/2010 7:47:46 PM PST by muir_redwoods (Obama. Chauncey Gardiner without the homburg.)
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To: South40

So 45 people get to make the decision for the rest of us?

Nice.


48 posted on 11/19/2010 7:52:55 PM PST by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: South40
“Patriotic Millionaires for Fiscal Strength,”

I just hate love how leftist groups use words like "patriotic" or "American" in the names of their organizations: Patriotic Millionaires, American Civil Liberties Union, Americans United for Separation of Church and State, People for the American Way, Media Matters For America, America Coming Together... etc. etc. etc.

49 posted on 11/19/2010 7:53:00 PM PST by random_user_827 ((b) use DHCP to automatically assign IP addresses to hosts)
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To: South40

Those bastards can afford accountants, attorneys
and other financial advisors to shield themselves
the the effects. Most small business people with
sub-chapter S corps are already on the razor’s
edge. What legal loophole have the “millionaires”
already purchased from the corrupt Congress?


50 posted on 11/19/2010 7:54:30 PM PST by Myrddin
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To: South40
The very rich pay less taxes than normal PEOPLE..
They get tax breaks few know about or can qualify for..
And for the money they have ON SHORE..

Any rich guy with competent accountants move their money offshore as soon as possible.. ANYWAY..

Sooo TAX ME.. at least all of my money you can FIND!!!..
The democrat party is indeed a criminal enterprise..

51 posted on 11/19/2010 7:56:00 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: South40

BTW, I’m tired of hearing how the GOP is supposedly the party of big business. The truth is, most big businesses prefer the big and ever expanding government and regulations Democrats push for, because that keeps small businesses (their competition) from becoming big.


52 posted on 11/19/2010 7:56:48 PM PST by random_user_827 ((b) use DHCP to automatically assign IP addresses to hosts)
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To: South40

TRANSLATION: “We made our wad; now make sure nobody will be able to compete with us.”


53 posted on 11/19/2010 8:00:30 PM PST by Slings and Arrows (You can't have IngSoc without an Emmanuel Goldstein.)
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To: South40

Are they going to continue to create jobs (assuming that they do in the first place) or will they take what’s left of their money after taxes and shelter it somewhere? In any case the taxes they pay won’t be invested in “growing” the economy.


54 posted on 11/19/2010 8:05:14 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: FlingWingFlyer
Excellent point, FWF
55 posted on 11/19/2010 8:09:00 PM PST by dancusa (Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. W. Churchill)
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To: South40

All of them are total lefties from Google exec’s to “green company” founders, read government suck-offs. Many of them, most notably Gail Furman, have direct ties to Soros.


56 posted on 11/19/2010 8:11:07 PM PST by facedown (Armed in the Heartland)
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To: South40

Bet you 44 of 45 of those millionaires are living on trust funds. Growing a grey haired pony tail and taking meds to fight off their depression.


57 posted on 11/19/2010 8:12:58 PM PST by dancusa (Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. W. Churchill)
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To: South40

Agreed.

These people are free to pay more if they want. All they have to do is whip out their checkbooks and write an overly large check to the US Treasury.

Thet will gladly accept it.


58 posted on 11/19/2010 8:13:32 PM PST by AFreeBird
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To: South40

It’s not them, it’s the economy that needs the money.

Just because 45 rich people are a hole liberals doesn’t mean it’s good for the economy.


59 posted on 11/19/2010 8:27:07 PM PST by Williams (It's the policies, stupid.)
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To: South40

That should work well to prohibit future millionaires.


60 posted on 11/19/2010 9:40:24 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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