Tuesday, April 15, 2008

The American Dream: Pay More Taxes

Who says Congressmen can't be funny?!

California Republican Congressment John Campbell as introduced a bill to allow such giants of fiscal intelligence like Barbara Streisand and puzzling proponents of higher taxes like Warren Buffet to put their money where there mouths are.

if Bill and Hillary Clinton are eager to pay more taxes, they should write a personal check to the U.S. Treasury to compensate for the lower tax rates they so frequently decry. And lo, here comes legislation to make it easier for the former first lady and other pseudo-populists to do just that.

The bill would allow for contributions to the federal troughs above and beyond one's lawful burden.

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.

Funny thing is, you can already do this. Last years take?

Still, don't expect many to take Mr. Campbell up on his offer. The Treasury already accepts voluntary donations to decrease the nation's debt; last year it received all of $2.6 million. Apparently even most liberals would rather keep their money, or bequeath their estates to charity rather than to the IRS.

I suppose that is why Buffet has pledged his Billions to the Gates foundation - not the federal government.

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