Posted on 12/29/2010 1:28:38 PM PST by Second Amendment First
Upset the federal government recently extended tax cuts for the rich, three professors at Yale and Cornell universities have created a website that encourages wealthy Americans to give their tax savings to charities and send a political message in the process.
The professors started giveitbackforjobs.org to allow Americans "who have the means" to calculate what their tax cut would be and donate that amount to a charity.
"Extending the tax cuts for the very wealthiest Americans is frankly unconscionable," Yale Law School professor Daniel Markovits said Wednesday. With the website's help, "donors can pledge their money to support the kinds of programs that will help families, create jobs, and set the country moving toward a just prosperity," the professors said in announcing the initiative.
Markovits, Yale political scientist Jacob Hacker, and Cornell law professor Robert Hockett started the campaign. Hacker is co-author of "Winner Take All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class."
The three recommend giving to groups such as Habitat for Humanity, Children's Aid Society and Salvation Army that they say promote fairness, economic growth and a strong middle class. They say the contributions could replicate good government policy and, in effect, draft the government as a funding partner when the donation is tax deductible.
"The collective giving together becomes almost a kind of shadow fiscal policy," Markovits said.
(Excerpt) Read more at sfgate.com ...
I definitely agree that the Salvation Army is probably the most worthwhile charity to contribute to.
Getting out my knitting to sit back and watch the money roll in - lol
That message being they want to tax the crap out of the rich for their pet socialist government programs.
How about this prof's, just run it withOUT any political message and do some good on your own. It'll feel good when you are giving your own money instead of taking from others.
What “tax savings?” — the rate will continue to be the same as it has been for 10 years.
What a coinkynink! I just opened up a personal charity to accept those donations!
“Extending the tax cuts for the very wealthiest Americans is frankly unconscionable,”
Actually, taking money from people based on someone’s arbitrary determination that they have enough, and arbitrarily gifting it to someone’s who’s been determined not to have enough, is unconscionable. But asking for the ‘wealthy’ to voluntarily give it away works for me-IT’S A CHOICE!
I assume Baraq & MooseChelle will be one of the first to step up?
Easy solution: add a “Tax Me More” box in the 1040...let those who think taxes are too low, such as George Soros, Warren Buffett, etc, put their money where their mouths are.
Give up your tenure first.
It’s not YOUR money, and it’s not the GOVERNMENT’S money, it is MY money, and I am going to buy CANDY! So there!
All ‘rats should be required to provide 10% of their gross assets to the gov’t every year, for the children.
Gifts to the United States Government
How do I make a contribution to the U.S. government?
Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called “Gifts to the United States.” This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs. These contributions are considered an unconditional gift to the government. Financial gifts can be made by check or money order payable to the United States Treasury and mailed to the address below.
Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782
Yeah and they can get a fat tax deduction for doing it. Better than being robbed by Obama! Now let’s see all the Hollywood millionaires lining up to make their big donations!
Here’s their website:
http://www.giveitbackforjobs.org/
Suggested charities
.
Habitat for Humanity
The Salvation Army
Children’s Aid Society
Nurse Family Partnership
Choose your own charity
There’s a calculator program there to enter AGI-Adjusted Gross Income (try it out)
EX:Married filing jointly making $50K = $1,336 they want you to donate because of the Bush tax cuts.
In fact, I don't believe any of MA's congo delegation (don't know
about the new RINO) ever took advantage of it.
I didn’t notice any mention of those guys contributing. Somehow, “the rich” are always those who make more than the whiner.
I’m quite sury you now have three donations from three college professors!
a website that encourages wealthy Americans to give their tax savings to charities and send a political message in the process.
Why not put it towards the debt? It is so funny how people complain about this debt but there is not a meaningful way to send money to help pay it off. I know for a fact that if they would have some kind of campaign to pay off the debt, people would give. The government is so stupid.
Amen. I haven’t seen Buffet or Bill Gates writing any of their checks to the treasury...I often wonder why they don’t put their money where their mouths are...Oh, I forgot...they’re hypocrites.
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