Tax Me More – Version 1040

Bravo to Congressman Campbell:

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.

My simple predictions:

1.  The Democrats will never let this bill see any light of day.  it will be holed up in some House subcommittee undergoing “review” till this Congress is history.  It would be a most dangerous thing for Democrats to actually give people the freedom to make their own choices – especially about how much of their hard earned money goes to the government.  Allowing people to choose this essential hold over their lives would absolutely destroy the whole premise of what the Democrats stand for.  They are about controlling people – not giving them choice.

2.  Why is Warren Buffett giving most of his money to Bill Gates’s charity instead of just handing it over to the government?  He wants rich people to pay more in taxes – why is he not giving the earnings of his lifetime to some twits who would spend in all in less than a month?

3.  As a thought experiment – just how much money would actually come in if this box were on the 1040 form making it extremely simple to allow good progressives to put their money where their considerable mouths are?  The Treasury got about $2.9 million in contributions last year.  The US governnment is scheduled to spend $3 trillion dollars in FY2008.  My calculations show that as spending $5,707,762 a minute.  Yes, every minute of every day of every week of every month of the whole year.  So that lousy three million in contributions would only fund the government for 30 seconds odd.    Do you think they would get enough in “contributions” to fund 2 minutes?  I certainly don’t think they would.  Maybe, just maybe they might get enough for 1 minute.

4.  And don’t forget – you are not paying enough in taxes.  The Obamamessiah says so.  The Hildebeast says so.  The Great and Wonderous Algore certainly says so.   But would they give half their estates directly to the governement?

2 thoughts on “Tax Me More – Version 1040

  1. The easiest way to beat Obama or Hillary in the general election won’t be through attack ads, 527’s, or anything like that. Simply discuss their policies and voting records and people will see how out of touch they are.

  2. Remember: it’s not the rich who are paying too little taxes.

    It’s the poor who pay too little in taxes.

    We’ll see a truly regressive tax code coming soon. Something like this:

    1-25,000: 40% Federal Tax
    25,001-50,000: 25% Federal Tax
    50,001-150,000: 15% Federal Tax
    150,001-1,000,000: 5% Federal Tax
    1,000,001+ No tax.

    And it will be indexed to inflation, so that we don’t get backet creep.

    And the Dems will, of course, pass the tax.

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