Isn't it funny to hear liberals in Hollywood like Streisand and Senators like Clinton decry that rich people should pay more taxes? It's not enough that 5 % of the top earners pay 60% of the taxes and the bottom 50 % pay 3% of the taxes (2005 figures) - the rich themselves cry out in anguish that "the rich should pay more taxes still. Well the left need not cry any longer - there is a solution in the making in Washington. Read this from the WSJ:
California Republican John Campbell yesterday introduced in the House his "Put Your Money Where Your Mouth Is Act," which would amend the tax code to allow individuals to make voluntary donations to the federal government above their normal tax liability. The bill would place a new line on IRS tax forms to make this easy.
Mr. Campbell says he has heard the "cries" of those wealthy Americans – Mrs. Clinton, Warren Buffett, Barbra Streisand – who reject the lower tax rates passed in 2001 and 2003 and complain that they and their fellow rich don't pay enough. "It's a great injustice that citizens wishing to fulfill their dream of paying more taxes cannot simply check a box on their 1040 form to make a donation," he says. His bill would give liberals a chance to salve their consciences without having to raise taxes on millions of Americans who already feel overtaxed as it is. (read letter to Mr. Campbell in support of the "Put Your Money Where Your Mouth Is Act". This is at www.Nationaltaxpayersunion.org)
So why don't the rich pay more taxes? Who is stopping them? Is there a law against paying more than your "fair" share? Hypocrisy pure and simple since the rich ARE paying most of the taxes in America.
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