Philippe Villers was a little boy in 1940, when his family escaped from Paris only hours before the Nazi invasion and immigrated to the United States. From the harrowing flight of a wartime refugee, Villers went on to earn degrees from Harvard and MIT and to cofound Computervision, a former Fortune 500 company that made him rich.Ok, Mr. Villers, I'll help you out:
“This country has been good to me,’’ Villers, 76, said. “I’d like to do my part to give back.’’
As part of his effort to give back, Villers has made an unusual request to the federal government: Raise my taxes, please.
Villers is one of a handful of Massachusetts members of a national organization called Patriotic Millionaires for Fiscal Strength, which supports a 30 percent effective tax rate on million-dollar annual earners under the “Buffett Rule.’’ The Senate will hold a procedural vote on the proposal Monday.
The US tax code’s top income rate is 35 percent but imposes only a 15 percent levy on capital gains on investments, where many affluent Americans earn much of their money. Billionaire Warren Buffett, for whom the rule is named, has complained publicly that he pays an effective tax rate of just 17.4 percent, much less than what his secretary pays.
Senator Scott Brown has said he opposes the Buffett Rule and is expected to vote against it. The bill is not expected to garner enough votes to prevent a Republican filibuster.
Gifts to the United StatesWrite your big check and show us you're serious about giving back. Otherwise, you're a fraud who won't pay one dime more than the government makes you...like Warren Buffet. Your generosity to the country shouldn't require forced participation by other Americans.
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782