Hey, Stephen King, No One’s Stopping you From Paying More Taxes

Horror, suspense, science fiction, and fantasy fiction author Stephen King wants to be taxed more. He even wrote an article with the title “Tax Me, for F@%&’s Sake!” He’s not satisfied being taxed at 28 percent. He believes a 50 percent rate is about right. No one’s stopping him from paying more. He has a net worth of $400 million. He could write a check to the IRS for $200 million and not see a change in lifestyle. He could do it but he won’t.

King is a bright guy. His book on the Kennedy assassination is a research marvel. So why is it that he can’t do some research on taxation? If he did, he would discover that the top one percent of wage earners shell out 37 percent of all the federal income taxes collected. The top five percent pay 59 percent. The top ten percent pay 70 percent.

Doesn't the government have any responsibility in this matter? King doesn't say anything about our bloated government, free-wheeling spending, waste, unconstitutional programs, and multi-generational government dependency.

No one is stopping Stephen King from voluntarily giving money to the federal government. He could write a check today. He won’t, because he knows he doesn’t have to. He only needs to make the offer to look good to all the guilt-manipulators and bloodsuckers that pontificate from their lofty towers of moral superiority. He also knows that if such a tax were ever to go into effect, none of the millions he’s already earned would be touched. A $200 million tax offering wouldn’t fund ten minutes of our government.

I have a better idea for Mr. King. Take the extra tax money you want to pay and set up a venture capital institute. People who have new business ideas or products that need investment capital would present their ideas to a board of experienced entrepreneurs who would evaluate the business plans. If accepted, the business would be capitalized. Existing business enterprises that needed additional capital for expansion could also participate.

King could join with Warren Buffett and fund a school for future entrepreneurs where students could learn how to run a business and pick up the basis in accounting, marketing, and advertising.

King, Buffett, and other high income earners would be able to assuage their guilt for being rich, raise up a generation of new business leaders, increase employment, curtail rising economic dependency, and even expand the tax base all without raising anybody’s taxes and expanding the reach of the federal government. So Stephen, don’t dump your money down a rat hole. Do something productive and lasting with it. Invest in Americans, not in the federal government.

Comments

comments

  • http://pulse.yahoo.com/_NLORN6B3ZNGCAJTFHWWFUUEY4Q jong

    Like many liberals he is very good at what he does such as many actors. When they get involved in politics they have no idea what they are doing or saying.

    • PMDavis

      Their self-worth is highly overrated and bloated.

    • T Lady

      That is precisely the reason people like King should dust off a copy of the U.S. Constitution and actually read it. Also, the IRS does allow for those suckers-er-I mean taxpayer to send extra money to them if they're so inclined.

  • PMDavis

    These liberal hollywood actors just crack me up when they start screaming this type of stuff. They think they are untouchable because they are friends of Obama. I can guarantee you they will start singing a different tune and be the first ones screaming when they have to start paying more taxes at 50%. Whoopi Goldberg even made a comment on the View, a while back, when they were talking about raising taxes on the wealthy and she said, "I don't mind paying a little more in taxes than the average guy because I have more, but don't start trying to take more than that or I've got a problem." Well, if Obama gets re-elected they say that taxes are going to sky rocket for everyone because the government wants and needs the money. Everyone will be taxed, not just a few. We'll see who's screaming then!

    • http://profile.yahoo.com/2M2AHNLBMJWETPS4ZAU4UBOQWQ Jeff W

      90% wouldn't be enough for the Obama crowd, and even if they took 90% of Whoopi's income she'd still have 100 times what most of us factory workers make, but I bet she'd be crying the blues to have to live on that. Hollywood liberals live on a different planet. They should try living on $20k a year.

      • PMDavis

        You're right, they do live on a different planet. Those that have made lots of money, and I mean millions and millions, have lost touch with the average person. Their every whim and desire is accommodated and they are constantly told how great they are. And they do lose touch with the real world.

        • http://twitter.com/BradNova Brad Nova

          This is a really dumb argument. A few people paying a voluntary tax will not make the slightest difference in offsetting our deficit. These people understand that to keep America great we should all be willing to give something. Money, volunteer work, or even just some good ethics.

          It's funny how much better our country was doing back in the 50's when the upper tax bracket was closer to 90%. And now people whine about a 2% tax increase that will bring the rate to about 38% for the people who have profited the most from what the United States has to offer.

        • URKiddinMee

          The last good democrat realized that lower taxes spurred an economy . . . John F Kennedy. BTW - Just when in life did you join the communist party?

        • PMDavis

          Brad, I'm sorry, but there is no way that I would want, or like, having to pay 90% of what I earned to the government in taxes. No one should have to pay that kind of tax. If they have profited from what the United States has to offer it's because they worked and earned it. So why should they have to give it all away in taxes to help those that don't want to work? You must be one of those that gets things free or you wouldn't make such a senseless statement. I think everyone should pay the same tax rate irregardless of what you make/earn. I am tired of successful people being demonized by this administration for working and being successful.

        • Xavier Pattonson

          Brad you dont understand what the 90% means, it is on the top bracket-- no one is saying we should go there, but when they had it, it was on the next million after 12 million was made, and the first million had a low tax rate of only 28%--dont succumb to the scare tactics of the wealthy who write the rules against us, and remember the tax rate today is lower than under Reagan (who raised taxes after he was popular). And only a bone head thinks trickle down investment through low taxes works, Bush's 8 years totally disproved that and Reagan's according to David Stockman was economic success for other reasons, the natural rebound for one, not the tax rate at all.

        • http://twitter.com/BradNova Brad Nova

          "You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory -- and hire someone to protect against this -- because of the work the rest of us did.

          "Now look, you built a factory and it turned into something terrific, or a great idea. God bless -- keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along."

        • Xavier Pattonson

          Good thought, and true--why is it so many vote against themselves, when the issues are clearly known, left of center helps the people who vote against these things--Gates and Jobs and Edison did not do it for the money--people want the parts of Obama care when interviewed, then when the barrage of anti-Obamacare affects their judgment, they slit their own throat and think they die for lack of a medical facility they are tricked into believing, by the profiteers, is gone and won't be there--when they forget the regular medical system is still open and available and the emergency rooms are not longer crowded with non-emergencies--and that the affordable health care act is a baseline, not a substitute; the love they brother part of the Christian ethic is missed by some who profess to be, falsely, Christians--the same ones who would not refuse help for a flat tire, say, from a Muslim.

      • catdaddyswife

        How about existing on Social Security of $10,920/year. No extra income, no food stamps (I make $3 too much) no help w/heating in winter, no help w/cooling in summer. My car is 16 years old (bought new when I worked). My house is over 130 years old, but been taken very good care of. I need dental care, a hearing aid and new shoes....the stock market broke me a couple of years ago. I am part of the invisible thousands that are $3 above the poverty level. If any rich person wants to get rid of $200 a month, I'll gladly take it. Not any more than $200 though, I would just like to be able to pay my bills without worrying about eating. ;>)

  • Dulceb

    He could join the Hollywood crowd that knows everything and together they could pay a big chunk of the deficit. Then when they told the other half (thats you and me, folks,) how to live, it would not seem so hypocritical.
    As Ben Stein would say, "Anyone, anyone?"
    Get your checkbooks out (bloated millionaire) boys and girls.

  • copakeman

    write a check to the Treasury Dept, you useless pice of crap. pay your "fair share". i am sure u have quite a bit of green, stuffed in your mattress. Then mind your own business, just like our govt should do.

    • TanRu

      Copakeman: When you go all ad hominum you lose your audience. Your vile epithet only riles people like me who honor his writing talents but don't agree with his statement about taxes. Notice he used symbolic language and not vile curses as you did.
      Try to be a bit more classy next time.

      • Spell Man

        Ad hominem

      • http://www.facebook.com/dustin.w.taunton Dustin W. Taunton

        He's obviously just as tired as I am of this CRAP!!!

  • flaphil

    That might be frightening to old Steven. He'll never publish a book that would delve into what leftist authors make.... that would be too scary to them all. Give your bread away to the needy King, but you won't.

    • TanRu

      flaphil:
      Are you Stephen's accountant?
      How do you know what he does with his money?
      Shallow people like you always have negative comments.
      This coming from one who doesn't even know his name!!!!

      • flaphil

        Shallow, that's funny. Still laughing at you for that one. The I thought you know me as well as I know King, hmm? Let's say old Steven opened his mouth, he spoke about taxes. He can always donate his "fair share" to the IRS anytime. Other people have different views like myself. If he can comment it's my CONSTITUTIONAL right to do it also. Grow up friend.

  • julian8

    No he can't, the tax lawyers that I am sure he pays allot more than you and I make to won't let him. You see it is very easy to expouse all the values when you know you can stand behind your tax attorneys (mommy) so that you do not actually have to do what you say.

  • spike

    Have you ever notice that if a person makes a $1,000.00 will complain about those who make $2,000.00 and at the same time the $2,000.00 person is complaining about the $3,000.00 person income and on and on.

    • catdaddyswife

      It's called JEALOUSY. With a little LAZINESS on the Side. I was raised to WORK harder if you want MORE. I'm sure you agree with the old saying "quitchurbitchin'"

  • paperpushermj

    Mr king the common thought is there is no barrier stopping you from sending in more money then obligated to the IRS. My suggestion to you is even easer for you "Stop taking steps that reduce your Tax obligation" Stop making investments based in part or whole on the tax ramifications in fact meet one with all your accountants once, get one number for you'r yearly income, sit down at your computer and go to the IRS Web Site and fill out the Basic Tax Form 4506T-EZ. Then write the Check out to IRS

  • imppress

    I went to dinner and had a steak with all the trimmings. A friend of mine had the same.
    Tagging along was a guy from the mail room who's an absolute hoot. He ordered a coke.

    My buddy threw in a third of the bill. When I noted that we were responsible for a lot more of the damage, he said, "Well you can pay in more if you want to. After all, you seem to care about this guy."

    I suppose that makes sense to some people. Still, I don't think I'll bring him along anymore as I really can't pick up his share everytime I'd like to bring the mail room guy along.

    • Comment Man

      Silly way to pay. If I suspect that some buffoon will suggest splitting the bill evenly, I order out the wazoo. Many people are careful about what they spend, and it is rude to expect them to subsidize the greed of others.

    • catdaddyswife

      Good for you! Been there, done that.

  • tod

    Actors are nothing more then professional Liars,and needy for attention !!! Dr.Ron Paul 2012 to take back Our America !!!

  • http://www.facebook.com/people/Sumy-Schick/100000744665571 Sumy Schick

    People like these are like the brats in the classroom who think that their chiming about more homework for everyone will exempt them from it. The only difference is that they have a one-up on the brats where the "homework" has little effect on them, while it crushes the ambition of everyone else.

  • John Cherish

    Lets make the new 50% tax rate retroactive 20 years, after all he earned that money over 20 years so he should pay for all the taxes he didn't pay in that time...They want half of your money so that they can give it away to people who don't want to work and then say "look what I did for you"...So go ahead If you feel you didn't pay your fair share, then pay it now....don't be a hypocrite by just saying it...DO IT.

  • Schrecken

    Why is is that those who benefit most from capitalism are some of its worst critics?!?!

  • http://www.facebook.com/people/George-Vieto/100000372915035 George Vieto

    Stephen King is more like "If I could, I would" pay more taxes but I am too lazy to do so.

  • swan

    Love Your Books

  • Blair

    Hey, Stephen King. Why don't you write check to the government?

  • BobDobbs

    So many hundreds of ways to not get it, why'd you go for the most obvious of oblivious?

  • Russell

    Stevie must be on another of his drug induced happy trips!! Only a idiot could come up with this B---sh-t! Never again will I waste any more money on anything this idiot writes! As he has said he doesn't need the money anyway!!

  • Steven

    Just google "donate to US treasury". The OFFICIAL government website provides a MAILING address and a link to use a Visa/MasterCard. When I see proof of payments, I will believe the person thinks THEY should pay more. I still won't think I should pay more, but at least I won't be dealing with a LIAR.

  • dirty deeds

    King has lost it since he quit drinking and doing blow. Shame. He used to be a good writer.

  • http://www.facebook.com/buck.burgett Buck Burgett

    He is not stupid, he knows the Government would just blow whatever he sent. Most Americans today would send extra money to the government but they also know that politicians can't be trusted. Just think of tax papers who pay taxes to take care of normal business for the government and the next thing you know it is going to support abortion or some other thing the government has no business interfering in.

  • http://profile.yahoo.com/BX23PSBVNKZBEOCXROD4555EFQ Ken

    What is the motive for removing the Natural Born requirement?
    How do you have a Global Government when only Natural Born Americans with a blood loyalty to our sovereign nation can hold the highest offices in the land? It’s just another piece that must be put in place before Global Governance can fully materialize.
    Only once foreign born leaders are able to hold the White House, can we become a full member of the Global Community that was put in play by President Bill Clinton.

  • stevenI

    It's all talk. Instead of giving it to Government, why not give it back to the people. Two hundred million would fill thousands of Food Banks for many, many years.

  • Xavier Pattonson

    The point is completely missed--King like anyone wants to pay his correct share and he thinks the correct share of people in his class is too low--him paying more himself is irrelevant and has nothing to do with fairness--the wealthy who want higher taxes want the bar raised for all as a sign of shared payback in proportion to benefit received--just as business people take deductions for their car and home office that non-business cannot, laws are written for the more powerful or to stimulate investment but not necessarily to be fair--it is fairness that is being asked, not gouging of necessities from the wealthy--the idea is that laws are written for equity, yet some vote against themselves; the wealthy and the middle class alike pay for the roads--yet you hear that the entrepreneur did it alone so deserves a disproportionate cut because he happens to stand at the profit spigot, while you and I watch at the tent corners we hold down for him--

    And if you take the percent the 5% pays in taxes compared to the percent of wealth they receive, it is not proportionate--if the receive 70 or 80% of the wealth then it is appropriate they pay 75% or more for the maintenance of the country--not arbitrarily (and too lowly) base it on income received, but that the percentage of cost to run the country is equal to the amount extracted from it --like a condominium association does from its owners based on how many square feet they control, not an arbitrary number based on income which is backwards.

    The United States is a kind of insurance group, we are all to pitch in and do a week's work and get a sustainable income for that work for something around an average lifestyle--with the sky the limit once necessities for the working class or middle class are attended--so that an extra car for the wealthy, a luxury, is not at the cost of 24 families not being able to afford enough food or some basics and perhaps a minimum luxury now a necessity--or 4 people have to live in a one bedroom apartment, or so that you can get a cell phone or an old car--much of which through advertising you are deceived into thinking you need to make people wealthy.

    What's wrong with a tenet that all Americans, if you work, you make enough to have dignity and some semblance of a good life--if the achievers can still make millions? What is the new attitude that makes it a zero sum game instead of all people expand, take care of the little guy first then take what you can get? We have already seen that trickle down does not work, and yet we have people near the bottom voting to keep a disproportion of any riches away from themselves in some sort of Stockholm equivalent of loving your captors who want their freedom but actually don't care if you get yours?

    • Hollie2009ad

      Xavier, you must be one of the not-so-rich, except when using a lot of words to say nothing. When you get up on top and start to rake in all of that money, just how will you act? So the policies of Bush didn't work? Where did you get that from: Obama? Give us a flat-rate tax with NO DEDUCTIONS and then EVERYONE will be paying the same and get rid of those income levels that are forcing people into poverty and is a bad form of discrimination. How much extra are you paying in taxes? None, I didn't think so; just another person with little to offer, except a lot of hot air. +JMJ+

  • Hollie2009ad

    He would be a great writer, but, with the filth that he seems to need in his books, it just ain't worth the money to buy them. I have a much better plan for Mr. King, instead of him not paying more taxes, just send all of his profits to me, with him paying the tax burden of course. +JMJ+

  • Navy Vet

    Steven King is just another typical Hollywood "blowhard." He says that he wants to pay more in taxes, because he already knows that he won't have to. Warren Buffett talks about his secretary being in a higher tax bracket than he is, but he left out the "truth facts ." He doesn't receive a salary from Berkshire Hathaway, therefore he pays NO income tax. Anytime one of the "1 percent bunch" makes a statement like Steven King did, you can bet they already have other plans to avoid paying taxes. Also, you NEVER see any of them volunteering to send more money. All phonies.