I’m still trying to find some sort of research on voluntary tax payments from self-identified democrats (I expect if I can gather such data, the number will be fantastically unimpressive), but until then, let’s talk about how our Nation’s Leading Democrat files his taxes:
Though tax increases alone cannot put the country’s fiscal house in order, the president should set a better example on his own tax returns.
That $245,000 the Obamas gave to charity, for example — deducting it on their Schedule A reduced their federal tax bill by roughly $85,000, and cut their Illinois state tax bill too. But you’re not required to deduct charitable giving, or to claim any tax favor. Deductions and tax credits are options. If you think the government deserves more of your income, don’t claim them.
Obama said last year that itemized deductions for the wealthy should be phased out — then on his own tax return, claimed a huge itemized deduction. Until those who advocate higher taxes for the well-off practice what they preach, the national debt situation may only get worse.
I’ll take it one step further. Every single person advocating higher tax rates (especially for “the rich”) should release how much they paid in excess of their legally-required minimum tax. You think Nancy Pelosi & Co. paid a single penny more in taxes than they were required to do so.