{"id":40986,"date":"2017-11-23T05:00:00","date_gmt":"2017-11-23T10:00:00","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=40986"},"modified":"2017-11-22T15:52:45","modified_gmt":"2017-11-22T20:52:45","slug":"if-you-think-your-taxes-are-too-low-you-can-easily-give-the-government-more-of-your-money","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2017\/11\/23\/if-you-think-your-taxes-are-too-low-you-can-easily-give-the-government-more-of-your-money\/","title":{"rendered":"If you think your taxes are too low, you can easily give the government more of your money"},"content":{"rendered":"<p>As discussed fairly recently, the government requires you to pay taxes up to a certain point, but there&#8217;s nothing stopping you from <a href=\"http:\/\/quotulatiousness.ca\/blog\/2017\/07\/11\/norways-experiment-with-inviting-people-to-pay-more-tax-than-they-owed\/\" rel=\"noopener\" target=\"_blank\">paying<\/a> <a href=\"http:\/\/quotulatiousness.ca\/blog\/2017\/08\/23\/on-the-most-recent-figures-people-do-want-to-pay-more-tax-just-not-many-of-em-and-not-very-much\/\" rel=\"noopener\" target=\"_blank\">more<\/a> than they ask. For Canadian federal taxes, <a href=\"http:\/\/www.cra-arc.gc.ca\/chrts-gvng\/qlfd-dns\/hrmjsty-ntdntns-eng.html\" rel=\"noopener\" target=\"_blank\">Her Majesty in right of Canada<\/a> would be delighted to accept any additional money you wish to donate. I&#8217;m sure your provincial or territorial government has a similar mechanism set up. Equivalent schemes are definitely available in the UK and probably other Commonwealth countries. <\/p>\n<p>In the US, the tax rates are in the news again and <a href=\"https:\/\/fee.org\/articles\/theres-nothing-stopping-millionaire-leftists-from-giving-to-the-government\/\" rel=\"noopener\" target=\"_blank\">the usual (ultra-wealthy) suspects<\/a> are lining up to demand that the government <em>not<\/em> lower their taxes:<\/p>\n<blockquote><p>There\u2019s an amusing ritual that takes place in Washington every time there\u2019s a big debate about tax policy. A bunch of rich leftists will sign a letter or hold a press conference to announce that they should be paying higher taxes rather than lower taxes.<\/p>\n<p>I\u2019ve debated some of these people in the past, pointing out that they are \u201c<a href=\"https:\/\/danieljmitchell.wordpress.com\/2010\/04\/10\/debating-another-neurotic-silver-spoon-leftist\/\" rel=\"noopener\" target=\"_blank\">neurotic<\/a>\u201d and \u201c<a href=\"https:\/\/danieljmitchell.wordpress.com\/2009\/07\/22\/debating-a-guilt-ridden-rich-guy\/\" rel=\"noopener\" target=\"_blank\">guilt-ridden<\/a>.\u201d<\/p>\n<p>But they apparently didn\u2019t take my criticisms seriously and go into therapy, They\u2019re now back and the <em>Washington Post<\/em> provides <a href=\"https:\/\/www.washingtonpost.com\/news\/wonk\/wp\/2017\/11\/12\/more-than-400-millionaires-tell-congress-dont-cut-our-taxes\/\" rel=\"noopener\" target=\"_blank\">very favorable coverage<\/a> to their latest exercise in masochism.<\/p>\n<ul>\n<p><em>More than 400 American millionaires and billionaires are sending a letter to Congress this week urging Republican lawmakers not to cut their taxes. The wealthy Americans \u2014 including doctors, lawyers, entrepreneurs and chief executive \u2014 say the GOP is making a mistake by reducing taxes on the richest families\u2026 Instead of petitioning tax cuts for the wealthy, the letter tells Congress to raises taxes on rich people like them. \u2026The letter was put together by Responsible Wealth, a group that advocates progressive causes. Signers include Ben &#038; Jerry\u2019s Ice Cream founders Ben Cohen and Jerry Greenfield, fashion designer Eileen Fisher, billionaire hedge fund manager George Soros\u2026 Most of the signers of the letter come from California, New York and Massachusetts.<\/em><\/p>\n<\/ul>\n<p>Earlier in the month, I would have told these \u201climousine liberals\u201d not to worry because I was pessimistic about the chances of a tax bill getting enacted. But then the Senate GOP unveiled a better-than-expected plan and I\u2019m now semi-hopeful that something will make its way through the process.<\/p>\n<p>That doesn\u2019t mean, however, that these rich leftists should be despondent.<\/p>\n<p>Because I\u2019m a nice guy, today\u2019s column is going to let them know that they don\u2019t have to accept a tax cut. The Treasury Department has a website that they can use to voluntarily send extra money to Washington. It\u2019s called \u201cgifts to reduce the public debt,\u201d and people like George Soros can have their accountants and lawyers calculate the value of any tax cut and then use this form to send that amount of money to D.C.<\/p>\n<p><a data-id=\"40987\" href=\"http:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2017\/11\/US-Federal-voluntary-extra-tax-form.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2017\/11\/US-Federal-voluntary-extra-tax-form.jpg\" alt=\"\" width=\"600\" height=\"595\" class=\"aligncenter size-full wp-image-40987\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2017\/11\/US-Federal-voluntary-extra-tax-form.jpg 600w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2017\/11\/US-Federal-voluntary-extra-tax-form-150x150.jpg 150w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2017\/11\/US-Federal-voluntary-extra-tax-form-480x476.jpg 480w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2017\/11\/US-Federal-voluntary-extra-tax-form-50x50.jpg 50w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>As discussed fairly recently, the government requires you to pay taxes up to a certain point, but there&#8217;s nothing stopping you from paying more than they ask. For Canadian federal taxes, Her Majesty in right of Canada would be delighted to accept any additional money you wish to donate. I&#8217;m sure your provincial or territorial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84,13],"tags":[698,1037,118,985,315],"class_list":["post-40986","post","type-post","status-publish","format-standard","hentry","category-government","category-usa","tag-congress","tag-donaldtrump","tag-taxes","tag-washingtondc","tag-wealth"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-aF4","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/40986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=40986"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/40986\/revisions"}],"predecessor-version":[{"id":40988,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/40986\/revisions\/40988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=40986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=40986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=40986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}