Will Smith on 75% Tax in France: 'God Bless

Will Smith on 75% Tax in France: 'God Bless America!'


(CNSNews.com) – France’s Socialist president, Francois Hollande, has proposed rasing the tax rate to 75 percent on income above 1 million euros ($1.24 million) a year, a proposal that liberal actor Will Smith expressed surprise over – but did not disagree with – when asked about it earlier this year.

On France’s TF1 in early May, Smith explained why he supported the idea of paying higher taxes, saying, "I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here -- I'm a black man who didn't go to college, yet I get to travel around the world and sell my movies, and I believe very firmly that America is the only place on Earth that I could exist. So I will pay anything that I need to pay to keep my country growing."

[kom526]

Nothing is stopping him or Warren Buffett from voluntarily paying more taxes.

[vraiblonde]

Originally Posted by kom526

Nothing is stopping him or Warren Buffett from voluntarily paying more taxes.

*ding*

Stroke a check, Will!

[Giantone]

Originally Posted by EmptyTimCup

Will Smith on 75% Tax in France: 'God Bless America!'


(CNSNews.com) – France’s Socialist president, Francois Hollande, has proposed rasing the tax rate to 75 percent on income above 1 million euros ($1.24 million) a year, a proposal that liberal actor Will Smith expressed surprise over – but did not disagree with – when asked about it earlier this year.

On France’s TF1 in early May, Smith explained why he supported the idea of paying higher taxes, saying, "I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here -- I'm a black man who didn't go to college, yet I get to travel around the world and sell my movies, and I believe very firmly that America is the only place on Earth that I could exist. So I will pay anything that I need to pay to keep my country growing."

Will Smith is right,the rich should pay more.

[czygvtwkr]

Originally Posted by Giantone

Will Smith is right,the rich should pay more.

Why is Warren Buffets company locked in a bitter dispute with the IRS then?

[Giantone]

Originally Posted by czygvtwkr

Why is Warren Buffets company locked in a bitter dispute with the IRS then?

Ask Warren .

[DipStick]

It's easy for people like Warren Buffett, who likely pays a low tax rate because of loopholes, and other people with offshore accounts to say they should pay more taxes when they're not paying taxes.

[bcp (Premo)]

Originally Posted by DipStick

It's easy for people like Warren Buffett, who likely pays a low tax rate because of loopholes, and other people with offshore accounts to say they should pay more taxes when they're not paying taxes.

I bet People like Warren Buffett most likely pay more taxes in a year than you will in your entire life, more than I will too most likely. Even with their off shore holdings.

They pay their fair share.

[Giantone]

Originally Posted by bcp

I bet People like Warren Buffett most likely pay more taxes in a year than you will in your entire life, more than I will too most likely. Even with their off shore holdings.

They pay their fair share.

LOL Well no, if you remember Warren came out and said the tax system needs a fix becuase his secretary paid a higher % of taxes then he did.

[cwo_ghwebb]

Originally Posted by Giantone

LOL Well no, if you remember Warren came out and said the tax system needs a fix becuase his secretary paid a higher % of taxes then he did.

Yes, I remember, and the quote is as stupid today as it was when he said it. If Warren wants higher taxes on capital gains (money which invested has already been taxed), how much more should it be raised?

Government uses taxation as a hammer to influence behavior, not to raise revenue. The government could take 100% of the wealth of the top 1% and run the country for 8 days.

The government doesn't have a revenue problem, it has a spending problem.