Tuesday
Jun072011
Some Millionaires Request a Tax Increase
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Evidenitly a group of millionaires have sent a letter to President Obama, Senate Majority Leader Reid, and House Speaker Boehner requesting that their taxes be increased. There are already opportunities for those who wish to make a gift (above and beyond tax obligations) to the US government. Gifts can be made in different ways, for instance directly to the treasury. Rest assured, if you make a gift to the US government, it is considered a charitable gift and therefore deductible.
HT: Tax Prof Blog.