As the U.S. Senate debates President Obama’s so-called Buffett Rule today, Republicans should offer a simple amendment. Call it the Buffett Box.
This innovation should delight Berkshire Hathaway CEO Warren Buffett, who publicly yearns to pay higher taxes. Academy Award winner Matt Damon also pines for a tax hike. “I really don’t mind paying more taxes,” the actor told interviewer Nicholas Ballasy last July. “Why don’t you just tax the really rich — guys like me — or raise it to 50 percent after $50 million?”
The Buffett Box will make life easy for such wealthy liberal tax masochists. The Buffett Box could be added to the IRS 1040 Income Tax form. It would read, more or less as follows:
If you believe you should be taxed at a rate above that assigned to your income bracket, please indicate in this box the higher rate that you prefer. Kindly enter your recalculated tax liability. Now send it in.
At long last, Warren Buffett can cease his tiresome speeches and dreary articles in which he fantasizes about paying even more taxes. The Buffett Box will make it a snap for Buffett and half of Hollywood to send Washington, D.C., all of the money that they insist they are desperate to pay.
While the Left still will have weapons to target at the Right, removing the “Please jack up my taxes” arrow from their quiver would be a significant step forward.
And when Leftists from Central Park West to Sunset Boulevard scream, “Raise my taxes!,” free-marketeers can challenge them with this simple question:
Did you fill in the Buffett Box?
If so, they should be congratulated and invited to relax and leave the rest of America alone.
If not, they should be encouraged to stop talking.