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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review August 19, 2011 / 19 Menachem-Av, 5771

Some rich Americans will not rest until Washington boosts their taxes

By Deroy Murdock




http://www.JewishWorldReview.com | Berkshire Hathaway CEO Warren Buffett, Earth's second wealthiest inhabitant, complains that last year he paid $6,938,744 in federal income taxes, just 17.4 percent of his taxable income. Twenty of his staffers earned much less than he did, but "their tax burdens ranged from 33 percent to 41 percent," Buffet recently wrote. Rather than work to cut his colleagues' taxes, the $50 Billion Man wants Uncle Sam to hike his liability.

Other loaded luminaries lust for higher taxes:

-- "George Soros says he agrees and congratulates Warren Buffett," the financier's spokesman told Reuters.

-- "I really don't mind paying more taxes," Academy Award winner Matt Damon told video journalist Nicholas Ballasy July 30. "Why don't you just tax the really rich -- guys like me -- or raise it to 50 percent after $50 million?"

-- A group called Patriotic Millionaires demanded last month that Washington further squeeze incomes above $1 million. "Please do the right thing for our country. Raise our taxes."

This plutocratic taxophilia springs from a myth as enduring as the Loch Ness Monster. Assistant House Democratic Leader James Clyburn of South Carolina echoed it faithfully when he told MSNBC on July 25 that "98 percent of the American people are carrying this (tax) load while the other 2 percent seem to be getting away Scot-free."

The facts torpedo this unsinkable rubbish.

In 2008, the latest Internal Revenue Service figures confirm, the top 1 percent of tax filers earned 20 percent of adjusted gross income and paid 38 percent of income tax revenues. The top 5 percent earned 34.7 percent of AGI and paid 58.7 percent of income taxes. The top 10 percent earned 45.8 percent of AGI and paid 69.9 percent of income taxes. Meanwhile, as the Tax Foundation's analysis revealed, the bottom 50 percent earned 12.75 percent of AGI and paid 2.7 percent of income tax revenues.

Regarding all federal taxes (capital gains, corporate, death, dividends, excise, income, payroll) an April 2009 Congressional Budget Office study found that for 2006 (the latest numbers), the top 1 percent paid 28.3 percent of all federal taxes. The top 5 percent paid 44.7 percent, and the top 10 percent paid 55.4 percent of taxes. The bottom 40 percent paid just 4.9 percent of all federal taxes in 2006.

Rich liberals seem frightfully ignorant of these serious data that demonstrate how taxes soak the wealthy while the economy's bottom half escape Scot-free.

"It's time for our government to get serious about shared sacrifice," Buffet whimpered the other day.

Why wait, Warren? Make that sacrifice today!

Like any American, Buffet can underwrite a federal fund called "Gifts to the United States." As a Treasury website explains, "This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States."

While these millionaires and billionaires bellow their desire for higher taxes, virtually none bothers to pay extra. In Fiscal Year 2010, this gift fund received a whopping $1,527,313.54 -- enough to fuel the federal leviathan for literally 13 seconds.

Rep. John Campbell, R-Calif., would make life even more convenient for these tax lovers.

"I have been the author of the 'Put Your Money Where Your Mouth Is Act,'" Campbell wrote in the January 12 Washington Times. "This simple bill would add a line near the bottom of Page 2 of all Form 1040 tax returns, which would let any taxpayer voluntarily and very easily pay more tax than the law requires." The Buffet Brigade could decide if a 50 percent or even 90 percent tax rate would ease their pain. Then they could send it in.

If rich liberals truly crave more taxes, Campbell's measure would help them keep paying without forcing new or higher taxes on non-masochistic Americans. Fresh revenues without coercion? At last, an idea that Democrats and Republicans should love.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Deroy Murdock is a columnist with Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.



Previously:

08/12/11: Hope, change and free birth control for all

08/05/11: Debt deal does virtually nothing

07/21/11: Dems pro-choice on abortion but little else

07/15/11: Debt deception: If only Dems were honest and GOPers were courageous

07/08/11: Congress' war on light bulb blows up





© 2011, SCRIPPS HOWARD NEWS SERVICE

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