MILLIONAIRE: Don’t Cut My Taxes.
The Patriotic Millionaires Chair Morris Pearl weighs in on why he feels wealthy Americans should pay taxes at a higher rate than everyone else.
“No, I don’t [want tax cuts], not for the rich people,” Pearl told the FOX Business Network’s Stuart Varney.
Though Pearl did support tax cuts for lower income Americans.
“I think that the poorest among us, yes, I think the people that make lower incomes should have tax cuts, I think the people who have higher incomes should pay more taxes than people at lower incomes.”
When asked whether higher income individuals would give back the money they receive from the tax cut, Pearl said, “Most of the people in my group mostly spend their money on philanthropic causes and do a good job trying to help their country be a better country.”
When Varney pressed him on it, saying Pearl was avoiding the question, Pearl responded, “No, I don’t think anyone gives back. I think everyone pays taxes as the law requires but we have to change the system.”
Wouldn’t it be even more patriotic to write a large check payable to the U.S. Treasury Department, in excess of what the law demands?