TaxProf Blog

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

Sunday, August 16, 2009

Oscar Mayer Heir Seeks 1,000 Rich People to Sign Petition to Increase Taxes on the Wealthy

Chuck Collins, heir to the Oscar Mayer fortune, is looking for 1,000 rich people to sign his online petition seeking to raise immediately reverse the Bush tax cuts and increase the top tax marginal income tax rate to 39.6% from 35% on household incomes of more than $235,000.  In a prior effort,  Mr. Collins worked with William H. Gates Sr. and George Soros in getting 4,702 signatures on a petition opposing  repeal of the estate tax.


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Comments

Nothing is stopping him from donating money to the government. Why force others to follow is moral feelings?

Posted by: Borris | Aug 16, 2009 12:43:00 PM

Here's a better idea. Why don't Mr. Collins and any other mega-wealthy persons who sign onto his petition ask Congress to raise their personal marginal income tax rates to 90 percent on income exceeding $1 million or so, and skip the silly notion that any household that earns more than $235,000 -- regardless of number of household members, geographic location, housing costs, college costs, etc. -- should be taxed like "rich people"? It is deeply offensive that people like Collins want to declare other people of considerably lesser means "rich," and tax them accordingly. Collins and his allies already have more than enough money in the bank so that they need never worry about being abandoned in a Medicare nursing home bed in their old age, and therefore could care less about marginal tax rates. Those of us without long-term financial security do not deserve to be penalized for working hard and earning money at attain that goal.

Posted by: Anonymous | Aug 16, 2009 1:40:07 PM

William Gates Sr. is especially irritating, seeing as how he is likely supported by his really rich son who has cleverly arranged his affairs to avoid the estate tax.

Anyway, we should have never cut income tax rates while we had troops in the field without enough equipment.

Posted by: save_the_rustbelt | Aug 16, 2009 1:49:05 PM

Yes, I believe there is a line for voluntary contributions, although perhaps people cannot enjoy paying unless others are forced to pay too . . .

Posted by: mike livingston | Aug 17, 2009 2:43:07 AM


Until each of these people donate a million dollars to the Office of the Public Debt (google it) there is no reason to listen to them.

Posted by: luagha | Aug 17, 2009 12:57:08 PM

If this bozo wants everyone to pay their "fair share," I suggest he support the "Fair Tax," a national sales tax, where the wealthy are taxed on what they buy and those of us who shop a lot at Wal*Mart are taxed on what we buy.

"Until each of these people donate a million dollars to the Office of the Public Debt (google it) there is no reason to listen to them.

Posted by: luagha | Aug 17, 2009 3:57:08 PM"

Exactly!

ECS

Posted by: Elm Creek Smith | Aug 17, 2009 5:22:57 PM