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Millionaires from Mass. join call to raise their tax rates
Boston Globe ^ | April 16, 2012 | Callum Borchers

Posted on 04/16/2012 4:17:09 AM PDT by GQuagmire

Philippe Villers was a little boy in 1940, when his family escaped from Paris only hours before the Nazi invasion and immigrated to the United States. From the harrowing flight of a wartime refugee, Villers went on to earn degrees from Harvard and MIT and to cofound Computervision, a former Fortune 500 company that made him rich.

“This country has been good to me,’’ Villers, 76, said. “I’d like to do my part to give back.’’

As part of his effort to give back, Villers has made an unusual request to the federal government: Raise my taxes, please.

Villers is one of a handful of Massachusetts members of a national organization called Patriotic Millionaires for Fiscal Strength, which supports a 30 percent effective tax rate on million-dollar annual earners under the “Buffett Rule.’’ The Senate will hold a procedural vote on the proposal Monday.

The US tax code’s top income tax rate is 35 percent but imposes only a 15 percent levy on capital gains on investments, where many affluent Americans earn much of their money. Billionaire Warren Buffett, for whom the rule is named, has complained publicly that he pays an effective tax rate of just 17.4 percent, while his secretary pays 35.8 percent.

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Miscellaneous; US: Massachusetts
KEYWORDS: 2012election; buffetrule; crucifyus; election2012; kenyanbornmuzzie; massachusetts; mittromney; usefulrichidiots
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To: sickoflibs; Gilbo_3; ding_dong_daddy_from_dumas; stephenjohnbanker; Impy

Doesn’t matter......the Republicans are all in a tomb.


61 posted on 04/16/2012 2:26:27 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Gilbo_3; sickoflibs

This guy is old.....what the hell does HE care ?

LOL!


62 posted on 04/16/2012 2:31:14 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: GQuagmire; sickoflibs

” Villers is one of a handful ....”

Yeah, I believe THAT : )


63 posted on 04/16/2012 2:37:56 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks GQuagmire.
Philippe Villers was a little boy in 1940, when his family escaped from Paris only hours before the Nazi invasion and immigrated to the United States. From the harrowing flight of a wartime refugee, Villers went on to earn degrees from Harvard and MIT and to cofound Computervision, a former Fortune 500 company that made him rich. "This country has been good to me," Villers, 76, said. "I'd like to do my part to give back."
So who's stopping you? Write the check! Leave your entire estate to the US gov't in your will! Oh, and STFU.


64 posted on 04/16/2012 8:10:54 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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