View Full Version : Wealthy Group Pushes To Be Taxed More

Play The Man
08-15-2009, 07:38 PM
Upper-income earners who actually want to pay higher taxes have launched a public campaign calling for an immediate rollback of the tax cuts enacted under President George W. Bush

The group, which calls itself Wealth for the Common Good, believes that people who have taxable income of more than $235,000 a year should support restoring their top federal income tax rate to 39.6 percent from 35 percent - and now, not in 2011, when the higher rate is scheduled to return anyway.

From their Web site:

"Our country is facing the worst economic challenge since the Great Depression and an urgent need to make a long overdue investment in bringing jobs and stability back to our communities. This investment should be paid for, in part, by repealing the Bush-era tax cuts our country cannot afford.

"Those of us with taxable incomes over $235,000 benefited from the upside of the economy during the last decade and profited for eight years from a 2001 tax cut. Now is the time to give back.

"We would see a minimal tax increase - from 35 (percent) to 39.6 (percent), a rate still far lower than the one under President (Ronald) Reagan - but the increased revenue would raise an estimated $43 billion per year."

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/09/BU9S1915CD.DTL&tsp=1#ixzz0OHWBe8Ui

I will not be joining this group. I don't know the tax code well enough (at thousands of pages, I doubt a CPA does either)to know, but can't these people voluntarily pay extra taxes? Can't they write a check to the government for more money above what is determined by their income tax form? As for me, I would rather give the money to a charity or spend it providing for my family. If these people really think that the government does such a great job spending tax money wisely, why don't they keep just enough to live on and give all the rest to the government?

08-16-2009, 06:35 AM
I believe that if they wanted to they could pay more! If their that worried they can give a few extra dollars to charity! I wish I could remember who but O'Rielly told about some rich lefty who complained about not being taxed enough. The kicker is this guy lived in a state where he could easily pay extra if he wanted. But he didn't!