Those stingy tax hikers

  • 17 July 2017
  • NormanL
Those stingy tax hikers

An ancient pillar of leftist thought is that governments know how to spend your money better than you do. Therefore, taxes should be raised to allow governments to do even more good for more people. 

But what happens when leftists are given the opportunity to volutarily send more of their own money to government? Dan Mitchell gives us the (not unexpected) answer:

The state of Massachusetts has a program for voluntary tax payments, but the Boston Globe revealed that Elizabeth Warren somehow couldn’t bring herself to cough up additional money to finance bigger government.

Elizabeth Warren acknowledged this morning that she does not pay a voluntary higher tax rate on her state income taxes, a question her campaign had previously refused to answer. …state Republicans have criticized Warren, who has earned a six-figure salary and owns assets worth millions, for her previous refusal to answer whether she pays a voluntary higher rate, calling her an “elitist hypocrite” who “lectures others about their responsibility to pay higher taxes.”

And John Kerry also decided that he wouldn’t pay extra tax to his state’s politicians.

Sen. John Kerry (D. Mass.) sailed into hot water last year when tax returns revealed that he also paid the Bay State’s lower tax rate. …perhaps he intended to pay Massachusetts’ higher rate, but his calculator slid off his yacht.

Though Kerry uses tax havens to protect his wealth, and even keeps a yacht in a neighboring low-tax state, at least he’s consistent in his hypocrisy.

Though according to New England Public Radio, there are a few people in Massachusetts who actually do contribute extra money.

As Mitchell notes:

I think people who deliberately over-pay to government are very misguided, but it’s better to be naive than to be hypocritical. Like the Clintons. And Warren Buffett. Or any of the other rich leftists who want higher taxes for you and me while engaging in very aggressive tax avoidance.

A different, national option for these high rollers is a program run by the Bureau of Public Debt, which maintains a program where individuals can make contributions to the federal government. That site is here, where we see that just over $2.4 million has been "donated" to help reduce the federal debt. Except, as with most things in DC, it really doesn't reduce debt directly:

Despite the gift’s name, the money actually doesn’t go to pay back the nation’s creditors.

Instead, it is given to the General Fund, which pays for whatever new things the government wants to buy. The logic is that this lowers the debt, indirectly, by reducing what has to be borrowed anew.

“Very incrementally, it does,” said McKayla Braden, a spokeswoman for the debt bureau. “In tiny, tiny amounts.”

Which makes it more effective at reducing debt than any Congress in the last 20 years.