Tax Guru – Ker$tetter Letter

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Archive for September 20th, 2012

Giving our refunds to the Chi-Coms

Posted by taxguru on September 20, 2012

House Approves Bill to Allow Public Debt Payments Via Income Tax Forms – This shows how out of touch from reality our rulers are.  They expect this to actually generate $135 million over ten years from people opting to have their refunds applied to the public debt.  But I like this description of the purpose:

 The legislation is intended to allow billionaire Warren Buffet to fulfill his desire to pay more in taxes, Camp said. Under current law, citizens that want to voluntarily pay down the federal debt have to write a separate check.

Let Warren Buffet put his money where his mouth is.  However, I’m predicting that he will donate just as much to the public debt as he has in the past, which is nothing.


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