Those Who Are Willing to Pay Higher Taxes Now Could've Rejected the Bush Tax Cuts in 2001
Linda McGibney responds this week on CBS Sunday Morning to Ben Stein's commentary last week "Raising My Taxes Is a Punishment" :
"I am an American. I am in the highest tax bracket. I also work in entertainment - which is what Mr. Stein does as well. I am fine with the tax increase. I think it patriotic that I am taxed in this way. I want to help my country.
I believe the fact that I can have a job this year, and hopefully every year to come, is a privilege. Mr. Stein, there are Americans who qualify for this tax increase under the proposed plan who don't feel "punished" by it. We feel it is our duty in hard times to help the rest of America.
I am a "have." I am willing to pay this tax increase. I'm not going to whine about it. I won't feel punished. I will understand it's the cost of doing business."
It should be noted that the current "Bush tax rates" are NOT the MAXIMUM tax rates on income, they are actually the MINIMUM tax rates. Anybody, including Linda McGibney, who wants to pay more in taxes can do that right now, and they could have been doing that all along. Ms. McGibney and others could have personally rejected the "Bush tax cuts" and continued to pay at the 2000 Clinton tax rates above in each year starting in 2001 instead of paying at the lower rates.
In case there's any problem with the IRS accepting the additional tax payments for the higher tax rates, here is the link to the Department of the Treasury website "Gifts to the United States Government" for "citizens who wish to make a general donation to the U.S. government." According to Treasury, "This account was established in 1843 to accept gifts from individuals wishing to express their patriotism to the United States."
Ms. McGibney and her supporters can express their patriotism immediately by making a gift to the U.S. government - there's no need to wait to see if the Bush tax cuts expire.