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Did anyone tell them they can just pay extra on their own?
Did anyone tell them that government spending increases every year and their extra revenue will be absorbed into new spending?
Did anyone tell them that tax revenue is consistently based on GDP (historically between 16% and 21%) and not individual tax rates? ...and therefore taking more of people's ability to invest in businesses by raising taxes will slow GDP?
This organization, Patriotic Millionaires For Fiscal Strength, has attracted over 200 millionaires who endorse raising the highest tax rate to help reverse the nation’s growing burden of debt.
...
Here’s a list of the Patriotic Millionaires’ other preferred policy outcomes, from the Agenda Project:
Tax capital gains at 20-28%
Tax dividends as regular income
Limit total deductions either by dollar amount or percentage of income
Increase the inheritance tax
...
The group also offered a rebuttal to the most common criticism it receives: that there’s nothing to stop anyone who wants to from paying more to the Treasury. The Patriotic Millionaires’ stance is that the tax debate is not a matter of personal virtue, but rather of societal choices. Reliance on voluntary tax payments would be unrealistic, and far from prudent policy.
The organization’s members realize that the nation’s budget can’t be balanced on their backs, but as one Patriotic Millionaire declared, “If we’re not including higher tax rates on upper incomes in the discussion, it’s crazy.”
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I appreciate the effort - hopefully they are demanding spending cuts along with their proposal, or maybe a decrease in regulations to make it easier to engage in commerce and increase the GDP and the base of people who pay taxes. I guess they answered a couple of my questions at the top. However, the GDP is the big deal here. That's what needs to increase to increase tax revenues.
Did anyone tell them they can just pay extra on their own?
Or they could give to a charity that would use the money far more effectively than the gubmint.
Mitt, for instance, paid less in taxes than the libs can tolerate,
but he gave more away than he paid in taxes; something libs can't understand.
Well they better get ready to write lots of zeros.
With entitlement programs taking up 62% of the budget and those programs are growing and hitting new highs so just expect that percentage to get bigger and bigger each year.
And you know we can't cut the entitlement programs.
but he gave more away than he paid in taxes; something libs can't understand.
He gave the majority of his donations to a religious group that believes in magic underwear. Of course he gives the second most to the Tyler Charitable Foundation... which, you know, is his foundation...
After looking through the "Agenda Project" - they are a progressive organization - so this makes sense for them to want to raise their own taxes along with everyone else in the bracket. Raising taxes to help the tax revenues won't work though.
He gave the majority of his donations to a religious group that believes in magic underwear. Of course he gives the second most to the Tyler Charitable Foundation... which, you know, is his foundation...
Yeah, so I guess I don't understand that.
You're right, I don't understand that, either.
Did the church spend the money on underwear?
Did anyone tell them they can just pay extra on their own?
That's like telling someone that doesn't like pollution to put a catalytic converter on their own car.
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Hypocrites for the state
