Who are the Patriotic Millionaires? Is a real Patriot a strong supporter of Country or a political party?

Here  is the so called “patriotic millionaires” .  Since their first letter  from November 22, 2010,  they have added another 55 to their ranks.  A Patriot is someone who shows strong support for their country, one who is willing to defend it in the time of war.  From what we have obtained thus far, there millionaires are waiting for someone to pass a law to force them to send in extra tax money.  From the time of President Bush, he said that one could always send in a check to defray the debt.  Thus far we have not found proof that one dollar has been sent in by these folks to help defray the national debt.

I want the reader to look at the list presented here.  Notice anything?  Maybe one should run over to http://www.opensecrets.org/ and type in the names of those who appear on the list.  What you will find is most if not all are strong Obama supporters.

Patriotic Millionaires’ Ask to Be Taxed More

The Millionaires—a group that includes producer and director Doug Liman, actress Edie Falco, the founder of Ask.com, and top Google engineers—wrote that the United States has helped them succeed financially, and they are willing to help the country do the same.

“Our country has been good to us. It provided a foundation through which we could succeed,” the group wrote. “Now, we want to do our part to keep that foundation strong so that others can succeed as we have.”

According to Alison Goldberg of the group Wealth for the Common Good, raising tax rates on millionaires could raise $60 billion to $80 billion a year in revenue.

via NationalJournal.com

Basically this group is a sham.  A groups devised of those who are “patriotic” when their flavor of President is in Office.  A true Patriot stands for Country, not political party, or a particular President.

The left has an obsession with the rich not “paying their fair share”  problem is that it plays well to the voter but is it actually the case?  Fact is The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxesWhat if the tax cuts for the rich were repealed, would that really save the economy?  No even close, top numbers say 60 Billion dollars a year at current income levels.  I know you hear that the tax cuts for the rich were 600 billion dollars right?  That is what is called Washington DC math.  That is over ten years.

Politicians often do that.  They take one program they don’t like and give numbers for ten years, like the Bush tax cuts -600 Billion.  Then they take a program they like, Unemployment benefits and give the cost of 1 year 32 billion.  By just a bit of D.C. Math it looks like the Rich are getting 20X more than the Unemployed.  Yes you have been punked.

Now hold it! Didn’t the President say that the Tax burden on the rich is the least it has been in 50 years?  That depends on how you do the math.  We are in a recession right?  How far is your dollar going these days?  We can use percentages all day long – lines and numbers and we can show that the rich are paying less then they were ten years ago… yes because as Obama says we are in the worst recession since the great depression.  Everyone is paying less then they did.

Kind of like the Oil company wind fall profits.  Whether you like it or not, oil companies do not have the highest return on investment.  Democrats would have you believe that they do.  Oil companies do indeed have the highest revenues of anyone, but they also lay out more capital than anyone as well.  Leaving some of the smallest profit margins on wall street.  Let me help you out a bit, if you gave me 100 bucks and I gave you back 108 bucks in a year, would you call that windfall profits?  Now if I were a Pharmaceutical company, the ones who give more money to Democrats, that transaction would look something like this:  You give me 10 dollars and I give you back 12.8 dollars at the end of the year?  One is a a 8% return and the other is a 28% return.  Which one made the windfall profits.  That is how D.C. Counts money.  If you gave me 100 bucks for Pharma you would have gotten back 128 bucks.

So even though these folks appear to be well meaning, they are only placing to their Man, President Obama.  because repealing the Bush Tax cuts will not let you have all of your programs and not borrow money.  Like they say, If it sounds too good to be true….

Sorry.

Here is their November 22 2010 Letter to President Obama

We are writing to urge you to stand firm against those who would put politics ahead of their country.

For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.

We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.

We have done very well over the last several years. Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.

Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.

Sincerely,

CYNDA COLLINS ARSENAULT*
Superior, CO

DR. BETTY BARDIGE*

LAWRENCE BENENSON
New York, NY

DANIEL BERGER
Philadelphia, PA

Nancy Blachman
Burlingame, CA

JAMES BLACK*

BRADY BRIM-DEFOREST
Los Angeles, CA 

Robert S. Bowditch JR.
Brookline, MA

David A. Brown*
Berkeley, CA

MARK BUELL
San Francisco, CA

RICHARD CARBONE
Williamstown, NJ

DOUG CARLSTON*
San Rafael, CA

DAVID CHIANG
Las Vegas, NV

Ben Cohen
San Francisco, CA

BILL COLLINS
Buffalo, NY

TOM CONGDON
Denver, CO

ROB DAHLE*
Salt Lake City, UT

DAVID DESJARDINS
Burlingame, CA

DOUG EDWARDS
Los Altos, CA

Paul and Joanne Egerman*
Boston, MA

BOB EPSTEIN*
Berkeley, CA

Ronald Feldman
New York, NY

Jerry Fiddler
Berkeley, CA

Joseph M. Field
Bala Cynwyd, PA

Christopher Findlater*
Naples, FL

CHARLIE FINK
Washington, DC

Eric Fredricksen
Los Gatos, CA

DAVID FRIEDMAN
Longmont, CO

GAIL FURMAN
New York, NY

Ron Garret, PhD*
Emerald Hills, CA

BILL GAWTHROP*
Yorkville, CA

David Goldschmidt*
Princeton, NJ

Joshua Gordon
Las Vegas, NV

GARRETT GRUENER*
Oakland, CA

DOUG GULLANG
Wayne, IL

RICHARD GUNTHER
Los Angeles, CA

Paul Haggis
New York, NY

NICK AND LESLIE HANAUER
Seattle, WA

SUZANNE AND LAWRENCE HESS*
San Diego, CA

Arnold Hiatt
Boston, MA

Leo Hindery, Jr
New York, NY

SAM AND ANNE HUMMEL*

BILL JANEWAY*
New York, NY

KAREN JENSEN*

FRANK JERNIGAN

MELISSA C. JOHNSON*
Kirkwood, MO

JOHN S. JOHNSON*
New York, NY

Rob Johnson*
New York, NY

WAYNE JORDAN
Oakland, CA

William Jurika
Piedmont, CA


JOEL KANTER*
Vienna, VA

JOSHUA KANTER*
Sandy, UT

Rochelle Kaplan
Salt Lake City, UT

Ravi Kashyap
Franklin, TN

JOHN KATZMAN*
New York, NY

JIM AND JOAN KLEMIC*

John Kortenhaus
Plano, TX

SARA KREBSBACH

DAVID LAZARUS
Queenstown, MD

DAVID LEVINE

CHARLES LIEBMAN*

ROB AND DIANE LIPP
Los Angeles, CA

ART LIPSON
Salt Lake City, UT

EUGENE LONG*
Plymouth Meeting, PA

MICHAEL MARKS
Red Bank, NJ

BOB MCCARTHY

WIN MCCORMACK
Portland, OR

GRAHAM MCDONALD
Philadelphia, PA

GERALD MCHUGH*

DENNIS MEHIEL*
New York, NY

HERBERT MILLER
Washington, DC

Vibhu Mittal
Palo Alto, CA

Moby
New York, NY

WILLIAM J. MORAN
New York, NY

MARIO MORINO
Rocky River, OH

EILEEN A. MURPHY, MD

CHRIS NELSON
Barrington, RI

Peter Norvig*
Palo Alto, CA

LARRY NUSBAUM*
Phoenix, AZ

FRANK PATITUCCI*
Pleasanton, CA

Morris Pearl*
New York, NY

JUDY PIGOTT

Gregory Rae
New York, NY

BERNARD RAPOPORT
Waco, TX

GLENN REINL

GREAT NECK RICHMAN
New York, NY

JONATHAN ROSE
New York, NY

GUY AND JEANINE SAPERSTEIN*
Piedmont, CA

Heike Schmitz*
Palo Alto, CA

FRITZ SCHNEIDER
San Francisco, CA

ERIC J. SCHOENBERG
New York, NY

DAVID SCHROEDERS
Sarasota, FL

SYBIL SHAINWALD*
New York, NY

SUSAN SHORT
New York, NY

Craig Silverstein
Mountain View, CA

MICHAEL STEINHARDT
New York, NY

SARA STRANHAN*

SANDOR AND FAYE STRAUS
Lafayette, CA

MAUREEN TATE*

SUNIL TOLANI
New York, NY

SUSAN AND ED VAN DOLSEN*

PHILLIPE AND KATHERINE S. VILLERS
Concord, MA

SCOTT AND CHRISTY WALLACE
Washington, DC

HON. DAVID WALKER
Bridgeport, CT

David and Vinitha Watson*
Oakland, CA

PETER WEINBERGER
New York, NY

MARK WHISLER*

GEORGE ZIMMER
Piedmont, CA

Via http://www.fiscalstrength.com/

Here is their newest Letter at a new website.  Yes they have become a tax deductible organization and these Millionaires are asking for Donations.

Dear Mr President

We are writing to urge you to put our country ahead of politics.

For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you increase taxes on incomes over $1,000,000.

We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.

Our country faces a choice – we can pay our debts and build for the future, or we can shirk our financial responsibilities and cripple our nation’s potential.

Our country has been good to us. It provided a foundation through which we could succeed. Now, we want to do our part to keep that foundation strong so that others can succeed as we have.

Please do the right thing for our country. Raise our taxes.

Thank you,

D A
San Francisco, CA

Naomi Aberly
Dallas, TX

Cynda Collins Arsenault
Superior, CO

Jacob B
New York, NY

Dick Beattie
New York, NY

Paul Beirne
New York, NY

Lawrence B. Benenson*
New York, NY

Daniel Berger
Philadelphia, PA

Robert S. Bowditch
Brookline, MA

Brady Brim-Deforest*
Los Angeles, CA

David A. Brown
Berkeley, CA

Mark Buell
San Francisco, CA

Susie Buell
San Francisco, CA

Doug Carlston
San Rafael, CA

David Chiang
Las Vegas, NV

Tom and Noel Congdon
DenverCO

David desJardins
Burlingame, CA

Abigail Disney
New York, NY

MARTA DRURY
San Francisco, CA

Paul and Joanne Egerman*
Boston, MA

Niko Elmaleh
New York, NY

DAVID F
Greenwich, CT

Edie Falco
New York, NY

Ronald Feldman
New York, NY

JERRY FIDDLER
Berkeley, CA

Christopher Findlater
Naples, FL

Charlie Fink
Washington, DC

Ron Garret, PhD
Emerald Hills, CA

BILL GAWTHROP
Yorkville, CA

David Goldschmidt
Princeton, NJ

Linda Gottlieb
New York, NY

Garrett Gruener*
Oakland, CA

JEFF GURAL
New York, NY

Nathan Hadfield*
Provo, UT

Suzanne and Lawrence Hess*
San Diego, CA

KENNY HILLMAN

LEO HINDERY, JR.
New York, NY

Bill Janeway
New York, NY

Frank Jernigan*
San Francisco, CA

Melissa C. Johnsen*
Kirkwood, MO

John S. Johnson
New York, NY

Rob Johnson
New York, NY

William Jurika
Piedmont, CA

JOEL KANTER
Vienna, VA

Josh Kanter
Sandy, UT

Rochelle Kaplan
Salt Lake City, UT

John Katzman
New York, NY

John Kortenhaus*
Plano, TX

David Levine*
New York, NY

Mary & Charles Liebman*
IL

Doug Liman
New York, NY

Art Lipson
Salt Lake City, UT

Eugene Long
Plymouth Meeting, PA

Dennis Mehiel
New York, NY

HERB MILLER
Washington, DC

Vibhu Mittal
Palo Alto, CA

Chris Nelson
Barrington, RI

WENDY NEU
New York, NY

Peter Norvig*
Palo Alto, CA

Frank Patitucci*
Pleasanton, PA

Morris Pearl
New York, NY

Judy Piggot*
Seattle, WA

Rebecca Pontikes*

Catherine Raphael*

GREAT NECK RICHMAN
New York, NY

NOURIEL ROUBINI
New York, NY

Jonathan Rose
New York, NY

Guy and Jeanine Saperstein
Piedmont, CA

Heike Schmitz
Palo Alto, CA

Fritz Schneider*
San Francisco, CA

Ed Shufro

Craig Silverstein
Mountain View, CA

Michael Steinhardt
New York, NY

Andrew Tobias
New York, NY

BETH UFFNER
New York, NY

David Watson
Oakland, CA

Peter Weinberger
New York, NY

Bernard and Carol Winograd
New York, NY

D A
San Francisco, CA

Who pays taxes – and how much?

The top fifth of households made 56% of pre-tax income in 2006 but paid 86% of all individual income tax revenue collected, according to the most recent data available from the Congressional Budget Office.

Narrowing in further: The top 1% of households, which made 19% of pre-tax income, paid 39% of all individual income taxes.

via Who pays taxes – and how much? A tax day perennial

Need a graph?

Tax Year 2008

Percentiles Ranked by AGI AGI Threshold on Percentiles Percentage of Federal Personal Income Tax Paid
Top 1% $380,354 38.02
Top 5% $159,619 58.72
Top 10% $113,799 69.94
Top 25% $67,280 86.34
Top 50% $33,048 97.30
Bottom 50% <$33,048 2.7
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

Oh and just for fun, these Patriots went on Russian Television to tout their plan.. how patriotic!

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