Millionaires ask Congress to raise their taxes

[Chris]

WASHINGTON (CNNMoney) -- A group of two dozen millionaires stormed Capitol Hill on Wednesday, demanding lawmakers raise their taxes.

"We want to pay more taxes," said California millionaire Doug Edwards, a former marketing director for Google (GOOG, Fortune 500). "If you're fortunate, and you make more than a million dollars a year, you ought to pay more taxes."

They planned to push lawmakers to reject any deal that the so-called super committee delivers that doesn't raise taxes on millionaires. The 12-lawmaker panel has until next Wednesday to agree on $1.2 trillion in savings over the next 10 years or risk automatic spending cuts.

"If the super committee bill doesn't raise our taxes, we will ask our fellow citizens to consider killing the bill," said Eric Schoenberg of Franklin Lakes, N.J., an adjunct professor of marketing at Columbia Business School.

They planned to take their message to members of the super committee, Tea Party Republicans including Rep. Louie Gohmert of Texas and Rep. Tom Price of Georgia, and even anti-tax champion Grover Norquist.

Millionaires ask Congress to raise their taxes - Nov. 16, 2011

 

[ScienceRocks]

Good then congress should do what they wish and rise their texas through the roof.

 

[Zander]

If they want to pay more taxes they can. Write the check, the Treasury will gladly cash it. Walk the walk or STFU.

 

[Chris]

WASHINGTON, D.C.--The 400 highest-earning taxpayers in the U.S. reported a record $105 billion in total adjusted gross income in 2006, but they paid just $18 billion in tax, new Internal Revenue Service figures show. That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics. The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.

Richest 400 Earn More, Pay Lower Tax Rate - Forbes.com

 

[whitehall]

Where is Harry Reid? Apparently the republican part of the ironically named "super committee" agreed to raise taxes on the "millionares" in question but democrats refused to negotiate.

 

[Stephanie]

How STUPID.

I'd bet millions they were FAKE millionaires just like the FAKE doctors the Obama staged with him when he was pushing his ObamaCare..

When they DONATE all their millions to the Federal Guberment, then I'll take them SERIOUS...till then...I'm going to laugh my ass off..

 

[Chris]

Warren Buffett, one of the richest men in the country, wants to pay more taxes and thinks his super-rich friends should too.

Buffett, who is estimated to be worth more than $47 billion, called on Congress to commit to "shared sacrifice" and raise taxes on people earning more than $1 million. Buffett said the rich are "coddled" by Congress "as if we were spotted owls or some other endangered species."

"While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks," Buffett wrote in a Sunday New York Times Op-ed.

Billionaire Warren Buffett Tells Congress To Raise Taxes On Wealthy - ABC News

 

[Oddball]

Q: What's stopping those assholes from donating what they believe to be their "fair share", over and above their tax liability?

A: Nothing.

Nothing to see here.

 

[Jackson]

Would love to see a pic of the "storming" Capitol Hill! They can knock themselves out and write a check anytime they like. Just put on the memo...TO PAY DOWN THE US DEBT TO CHINA.

Why haven't we heard that Buffet is giving a couple of billion yet?

 

[Oddball]

Let the dickweeds stuff some hefty bags with $100 bills and leave them on the doorstep of the U.S. Treasury.

 

[Trajan]

WASHINGTON (CNNMoney) -- A group of two dozen millionaires stormed Capitol Hill on Wednesday, demanding lawmakers raise their taxes.

"We want to pay more taxes," said California millionaire Doug Edwards, a former marketing director for Google (GOOG, Fortune 500). "If you're fortunate, and you make more than a million dollars a year, you ought to pay more taxes."

They planned to push lawmakers to reject any deal that the so-called super committee delivers that doesn't raise taxes on millionaires. The 12-lawmaker panel has until next Wednesday to agree on $1.2 trillion in savings over the next 10 years or risk automatic spending cuts.

"If the super committee bill doesn't raise our taxes, we will ask our fellow citizens to consider killing the bill," said Eric Schoenberg of Franklin Lakes, N.J., an adjunct professor of marketing at Columbia Business School.

They planned to take their message to members of the super committee, Tea Party Republicans including Rep. Louie Gohmert of Texas and Rep. Tom Price of Georgia, and even anti-tax champion Grover Norquist.

Millionaires ask Congress to raise their taxes - Nov. 16, 2011

they are free to send a check anytime they want.......or has that not occurred to them?

 

[Rocko]

Liberals are always quick to say the rich have too much influence in our country, but then, when rich people say something liberals agree with, the response is we have to listen to them, because they're rich and know better. Its a joke.

 

[MeBelle]

Warren Buffett, one of the richest men in the country, wants to pay more taxes and thinks his super-rich friends should too.

Buffett, who is estimated to be worth more than $47 billion, called on Congress to commit to "shared sacrifice" and raise taxes on people earning more than $1 million. Buffett said the rich are "coddled" by Congress "as if we were spotted owls or some other endangered species."

"While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks," Buffett wrote in a Sunday New York Times Op-ed.

Billionaire Warren Buffett Tells Congress To Raise Taxes On Wealthy - ABC News

Does he speak for his super company too?

Report: Buffett's Berkshire Owes $1 Billion In Back Taxes


"Billionaire investor Warren Buffett triggered a major debate over taxes recently when he wrote in The New York Times that he should be paying more to the federal government. He called on Washington lawmakers to up tax rates on the rich.

But it turns out that Buffett’s own company, Berkshire Hathaway, has had every opportunity to pay more taxes over the last decade. Instead, it’s been mired in a protracted legal battle with the Internal Revenue Service over a bill that one analyst estimates may total $1 billion."

 

[Chris]

 

[Oddball]

Good.

 

[Chris]

Liberals are always quick to say the rich have too much influence in our country, but then, when rich people say something liberals agree with, the response is we have to listen to them, because they're rich and know better. Its a joke.

What's a joke is that the Forbes 400 pays taxes at a lower rate than the rest of us.

Is that fair?

 

[Oddball]

Liberals are always quick to say the rich have too much influence in our country, but then, when rich people say something liberals agree with, the response is we have to listen to them, because they're rich and know better. Its a joke.

What's a joke is that the Forbes 400 pays taxes at a lower rate than the rest of us.

Is that fair?

No, it's not....But eliminating all federal income taxes and the 16th Amendment (what's more fair than that?) is like garlic to class warrior vampire dickweeds like you.

 

[Chris]

 

[Chris]

Two dozen wealthy members of the group Patriotic Millionaires for Fiscal Strength are targeting members of the deficit "supercommittee" to increase their taxes.

Entrepreneur and producer Charlie Fink, said he and other Patriotic Millionaires testified in a congressional hearing and visited the offices of 13 members of Congress on Wednesday, seven of whom are members of the supercommittee, to express their concern for the country's fiscal health.

Fink, who lives in Washington, D.C., said if the Bush tax cuts do not expire, the country "is digging itself a big hole by foregoing revenue."

"Without revenue, we will never solve the problem by giving tax cuts to the wealthy while supporting two foreign wars," Fink, a former AOL executive, said.

The group visited the offices of legislators in both parties, including Senators John Kyl, R-AZ, and Pat Toomey, R-Pa., and Reps. Nancy Pelosi, D-Calif., minority leader, Xavier Becerra, D-Calif., and Jim Clyburn, D-S.C., assistant democratic leader.

"It was a very refreshing conversation that restored my faith that there are people who, in spite of their financial successes, have not lost their compassion and sense of fair play," Rep. Clyburn told ABC News after meeting the group.

Patriotic Millionaires Lobby Supercommittee for Higher Taxes - ABC News

 

[Avatar4321]

People are asking for their taxes to be raised, and you dont stop to think they might have an alterior motive?

Those that have wealth already wont be affected by a tax increase. only those who earn wealth through working will. Taxing them is a means for the already wealthy to prevent any new money from showing up and stealing their power.