Don’t Like Bush Tax Cuts? Pay at the Clinton Rates
Submitted by CARPE DIEM
WALL STREET JOURNAL–Senator Clinton’s main tax proposal is to repeal the tax cuts of 2001 and 2003, raising rates to the levels of the Clinton Presidency. “We didn’t ask for George Bush’s tax cuts. We didn’t want them, and we didn’t need them,” Mrs. Clinton explained.
But her higher tax rates wouldn’t merely hit those who make $109 million; they’d soak middle-class families that make $100,000 or $200,000 a year and hardly feel “rich.” If the former first lady feels so strongly that she should pay more taxes, we suggest she lay off the middle class and instead write a personal check to the U.S. Treasury for the difference between the Clinton and Bush tax rates (see 2000 tax rates above). She and her husband can afford it.
Comment: Here is the link to the Treasury’s Gifts to the United States Government website for Citizens who wish to make a general donation to the U.S. government. This account was established in 1843 to accept gifts from individuals wishing to express their patriotism to the United States.
Hey, the Clintons could express their patriotism, and their disdain for the Bush tax cuts, at the same time by paying taxes this year at the 2000 rates. For Warren Buffet or anybody else who doesn’t like the Bush tax cuts, you do NOT have to pay taxes at those lower rates, you can file taxes for 2007 at the higher Clinton tax rates, shown above!
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