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Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Friday, August 3, 2012

Will Ferrell Favors a 75% Tax Rate on the Wealthy

Celebrity Tax Lore, Tax | Permalink

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Quick! Rush Will Farrell to Amelia Island as a speaker before the SEALS tax conference ends. Farrell could lead a panel on "Hollywood Knows What's Best for Taxing Your Money" and follow up with a workshop on "Money in Your Mattress -- What the IRS can't see it can't take." Later, he could demand more state movie tax incentives and propose that Hollywood, California merge with Hollywood, Florida, where there is no state income tax.

Posted by: Woody | Aug 3, 2012 8:09:49 AM

First, have these reporters no shame? They utterly failed to get any decent humor out of two superb comedians, and they want to post the results for the world to see. Second, as indicated in the clip, his name is spelled "Ferrell"!

Posted by: Matt | Aug 3, 2012 8:11:36 AM

My take is that Ferrell doesn't understand the issues, didn't have a stock joke in mind, and winged it on the answer. For the reporter to then appear to take him seriously was in itself the joke.

Posted by: MochaLite | Aug 3, 2012 11:44:19 AM

Since I changed my spelling of Ferrell's name to match the original title line, do I get a do-over? I know how some people went apoplectic when Dan Quayle read the incorrect spelling of potato from the teacher's flashcard.

Posted by: Woody | Aug 4, 2012 8:30:45 AM

We actually had a 70% tax rate, however we cannot have a multi-class society without lower tax rates. Many poor people enjoy seeing the rich like the Brits enjoy the royals. Hence lower tax rates are popular.

Posted by: Nick Paleveda MBA J.D LL.M | Aug 6, 2012 9:46:21 AM