Wednesday, September 29, 2010

The Great Tax Debate: Ben Stein and Linda McGibney

Ben Stein

Linda McGibney

For those who feel as Ms. McGibney does--
"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."
I have good news for you.  The IRS accepts donations and gifts.   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."

I encourage all like minded citizens (including the uber-rich such as Buffett, Munger, Gates, Soros,  Pelosi, Kerry, Feinstein, Rockefeller, Issa, Grayson etc.) to express their patriotism immediately by making a gift to the government instead of donating to charity. In fact, why wait for the Bush tax cuts to expire; send in extra money every month, every year. Also, consider setting up your estate plans to make the U.S. Government your sole beneficiary. It will make estate planning so much easier and get rid of those pesky problems with heirs.

Who is right, Ben or Linda?

HT: Carpe Diem


  1. Hilarious point. I completely agree. All you have to do is give more yourself to the government instead of exploiting the very laws you say need to be changed.

  2. Just wanted to make sure everyone is aware they can make a non-tax deductible charitable donation to the US Government, especially those times when they are feeling highly patriotic.