CNBC survey shows millionaires want higher taxes to fix inequality


Michael Goff

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I'm certain that if those millionaires wanted to pay more taxes than they legally owe, the IRS would be happy to take it.

As the saying goes, put your money where your mouth is....
Wow, really, that's the faulty logic you're going with?
 

zin

macrumors 6502
May 5, 2010
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I'm certain that if those millionaires wanted to pay more taxes than they legally owe, the IRS would be happy to take it.

As the saying goes, put your money where your mouth is....
No, the IRS would not be happy to take it. They would refund what is not owed because they can't legally keep it.

These people apparently want to put their money where their mouth is, but unfortunately the Republicans in Congress wouldn't ever agree to even an infinitesimal tax increase.
 

G51989

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Feb 25, 2012
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I'm certain that if those millionaires wanted to pay more taxes than they legally owe, the IRS would be happy to take it.

As the saying goes, put your money where your mouth is....
You know the IRS cannot legally keep any extra money right? That is why some people get refunds.

Even if they wanted to keep it, the IRS cannot.
 

TheAppleFairy

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Mar 28, 2013
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The Clinton Archipelago unfortunately
And another person misses the point completely.
Well millionaire democrats want to increase taxes on the themselves (and rich replublicans as well). If they believe this will solve the problem, they can take it upon themselves to be part of the solution.

I didn't miss the point, I just know it's not going to change anything. More taxes on the wealthy means more money for the government to blow.
 

Michael Goff

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Well millionaire democrats want to increase taxes on the themselves (and rich replublicans as well). If they believe this will solve the problem, they can take it upon themselves to be part of the solution.

I didn't miss the point, I just know it's not going to change anything. More taxes on the wealthy means more money for the government to blow.
Is that why Clinton was able to get a tax increase and also able to balance the budget? Because more money means more spending?
 

Michael Goff

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You mean Gingrich?
If people are going to blame president any time something bad happens, or any time a law passes that they don't like, they should get credit when a law passes that does something good. This is in opposition to when I blame Congress for DOING NOTHING, because the President can do nothing about that.
 

jnpy!$4g3cwk

macrumors 65816
Feb 11, 2010
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I'm certain that if those millionaires wanted to pay more taxes than they legally owe, the IRS would be happy to take it.

As the saying goes, put your money where your mouth is....
Well millionaire democrats want to increase taxes on the themselves (and rich replublicans as well). If they believe this will solve the problem, they can take it upon themselves to be part of the solution.

I didn't miss the point, I just know it's not going to change anything. More taxes on the wealthy means more money for the government to blow.
So, you both did miss the point. First of all, if I'm Warren Buffett or George Soros, I don't want to just pay more myself, I want Charles and David Koch, the Waltons, Tom Perkins, and the rest of the Willful Plutocrats** to pay as well. To do otherwise would be dangerous.

Second, there is an understanding among very successful capitalists that inequality in the U.S. is too high, and is bad socially and economically, and something needs to be done about it. And, since, contrary to some propaganda, the wealthy benefit greatly from a lot of government spending, what better way to help both problems than to tax the super-wealthy to pay for government?

**( hmm, sounds like the name of a rock band-- I guess it would be Wilful Plutocrats for a British band )
 

Aspasia

macrumors 65816
No, the IRS would not be happy to take it. They would refund what is not owed because they can't legally keep it.

These people apparently want to put their money where their mouth is, but unfortunately the Republicans in Congress wouldn't ever agree to even an infinitesimal tax increase.
Maybe the IRS won't take it, but anyone who wants to pay more to the US government can easily do so.
http://www.fms.treas.gov/faq/moretopics_gifts.html

Edited to add that merely increasing taxes will never create "equality" for all individuals.
 

zin

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Maybe the IRS won't take it, but anyone who wants to pay more to the US government can easily do so.
http://www.fms.treas.gov/faq/moretopics_gifts.html

Edited to add that merely increasing taxes will never create "equality" for all individuals.
Where is your source for the bottom statement? From what I've seen the countries with the most rigorously progressive (and generally higher) tax systems are more equal than others.
 

Zombie Acorn

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Feb 2, 2009
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Toronto, Ontario
When society goes to hell paper burns faster than anything else. If the super rich want to keep their status its in their best interest for the bottom tier to be propped up a bit.
 

G51989

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Feb 25, 2012
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When society goes to hell paper burns faster than anything else. If the super rich want to keep their status its in their best interest for the bottom tier to be propped up a bit.
The goal of the super rich is to turn the entire non super rich class of America into slaves to further their agendas.
 

thekev

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Aug 5, 2010
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Depends on how you define equality.

I'm not an advocate of: From each according to his ability, to each according to his need
Neither am I, but there are socialized aspects of our society. By that I mean not everything is privatized, even if private contractors are hired to do government sponsored work.
 

Southern Dad

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May 23, 2010
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Shady Dale, Georgia
As has been earlier referenced at any time these millionaires want to put their checkbook where their mouth is, the US Treasury will accept a check for whatever they wish to contribute.