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Another Perspective

Voluntary Clinton Surtax Day

How the former first couple can encourage wealthy Americans to start paying their fair share.

(Page 3 of 3)

A VOLUNTARY CLINTON SURTAX hiker’s job still isn’t done. The IRS conveniently has a section devoted to “other taxes.”

These numbers are a bit more complicated here, since you’re supposed to fill out other forms which indicate the income upon which your tax liability is based. You don’t want the IRS to find an error and reduce your taxes accordingly.

So it will be hard to hike your Social Security taxes, since they are based on your declared income. Though if you inflated your alleged business earnings as previously instructed, that would certainly help.

But it shouldn’t be hard to add some “household employment taxes.” After all, if you’re a liberal you should be embarrassed at employing domestic help. Pony up some extra taxes for the privilege of hiring them.

Now it’s time to add everything up. How’d you do? Not enough of an increase? Go back to the beginning. Add a bit more capital gains, more speaking fees, and drop some deductions. It’s important to get your taxes back up to where they should be to send a message.

If all else fails, write Uncle Sam an extra check as a gift. But remember: Don’t take the deduction when you file next year. You owe the government the money.

Of course, it is most important that the Clintons themselves pay up. Many of us have long looked to them for leadership. They now have a chance to begin redressing the gross injustices of the Bush tax cuts.

Page:   1 23

topics:
Taxes, Education, Trade, Bill Clinton, Hillary Clinton, Business, Social Security, Law, Energy

About the Author

Doug Bandow is a senior fellow at the Cato Institute. A former Special Assistant to President Ronald Reagan, he is the author and editor of several books, including The Politics of Plunder: Misgovernment in Washington (Transaction).

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