Trump: Unlike other less “patriotic” business leaders, “I’d be willing” to pay more taxes

posted at 2:45 pm on August 17, 2011 by Tina Korbe

Donald Trump would be willing to pay more in taxes, he said today in response to Warren Buffett’s news-making op-ed in The New York Times and to President Barack Obama’s exhortation to “put country first.” But, unlike Buffett, Trump doesn’t think all tax hikes are a good idea, economically speaking, because less “patriotic” business “machines” would be apt to take their business outside of the country. National Journal reports:

“I’d be willing [to pay higher taxes],” Trump said on Wednesday, responding to Buffett’s op-ed on ABC’s Good Morning America. “I put country first. A lot of people don’t necessarily put country first…. In many cases, they’re not patriotic. They’re business machines. And they’re going to say, ‘Thank you very much, I appreciate you letting us know. We’re moving to Switzerland.’”

Trump said there would be a “mass exodus” of business if the tax rates were raised. However, he did say that keeping tax breaks for big oil companies would be a mistake. “For us to be subsidizing oil companies is absolutely insane,” he said, breaking from many tea partiers and Republicans who do not want taxes raised on businesses or individuals.

“When [it’s] explained to the tea party, I can’t imagine anyone will stick up for Exxon Mobil or some of these big oil companies making a fortune and paying relatively little in taxes,” Trump said.

Obviously, the nation needs tax reform. The tax system shouldn’t be used to play political favorites. But, in the meantime, the demonization of the rich has got to stop — and presumably well-meaning men like Trump need to stop playing into the hands of those who buy the lie that the rich don’t deserve to keep what they earned solely because they’ve earned more than the rest of us. And, as has been said over and over again, nothing is stopping Warren Buffett or Donald Trump from voluntarily giving more money to the federal government. In fact, that gesture would mean far more anyway as it would signify an over-and-above abundant kind of generosity rather than the mere fulfillment of obligation.


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Write a check Trump.

Make it out to: United States Government.

portlandon on August 17, 2011 at 2:47 PM

He’s in real estate, he literally CAN’T take his business elsewhere. He’s stuck.

Apologetic California on August 17, 2011 at 2:48 PM

No one is stopping you Donald

gophergirl on August 17, 2011 at 2:49 PM

Gosh ‘the donald’ you and buffett and all the really high rollers who want to pay more taxes, can just put your pen to a big fat check to the feds anytime your little heart wants!
L

letget on August 17, 2011 at 2:49 PM

Ettu Donald?

sandee on August 17, 2011 at 2:49 PM

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782

Realist on August 17, 2011 at 2:50 PM

Write a check Trump.

Make it out to: United States Government a-n-n-o-y-i-n-g-l-i-t-t-l-e-t-w-e-r-p.

portlandon on August 17, 2011 at 2:47 PM

Grin

annoyinglittletwerp on August 17, 2011 at 2:50 PM

Why won’t this idiot go away?

therightwinger on August 17, 2011 at 2:51 PM

Exxon Mobil or some of these big oil companies making a fortune and paying relatively little in taxes,” Trump said.

I’d love to see what Trump’s profit margins are like compared to an oil company.

When they had their record quarter a few years back I remember it being like 11%. Assuming that record high also reflected a high point in their margin, that’s not huge. Take much more of that out in taxes, and you’re rolling the dice about staying alive, long term. I bet Trump is working off of a much higher margin, with far fewer government regulations.

TexasDan on August 17, 2011 at 2:53 PM

I am increasingly inclined to support a tax increase on incomes above $5 million a year, and to support a 50% levy against financial assets in excess of $1 billion. Give the dipsh!t billionaires what they want. Eliminate all of their tax-avoidance schemes, trust funds for their kids, etc.

In exchange, we should flatten the tax rate structure, generally, and make all incomes taxable, so that these low-income citizens who suck the government dry have some skin in the game when they vote. Have income? Pay taxes.

Jaibones on August 17, 2011 at 2:53 PM

The Donald knows any publicity is good publicity for him.

Mangy Scot on August 17, 2011 at 2:53 PM

Surely Trump, like Buffet (and Gates and Jobs, etc) knows he can always send the US Treasury money if he wants to.

angryed on August 17, 2011 at 2:54 PM

annoyinglittletwerp on August 17, 2011 at 2:48 PM

Nice. We need to start this like 10 years ago.

Oil Can on August 17, 2011 at 2:55 PM

OK, Donald, let’s say we raise taxes on those evil oil companies. Think they’re the ones who will pay it? Dolt.

Extrafishy on August 17, 2011 at 2:55 PM

I think we should impose a tax on any billionaire that writes an op-ed or appears on a network morning show.

$10K per word for the op-ed.
$1M per minute on TV.

That ought to shut these people up.

angryed on August 17, 2011 at 2:56 PM

Wow, a man who is already rich is willing – hypothetically, with the knowledge it won’t happen – to pay higher taxes.

How grand of you, Donald. What say we set the threshold at 5 million a year, then?

HitNRun on August 17, 2011 at 2:56 PM

OK, Donald, let’s say we raise taxes on those evil oil companies. Think they’re the ones who will pay it? Dolt.

Extrafishy on August 17, 2011 at 2:55 PM

Wait, are you implying that corporations are people /s

angryed on August 17, 2011 at 2:57 PM

He’s in real estate, he literally CAN’T take his business elsewhere. He’s stuck.

Apologetic California on August 17, 2011 at 2:48 PM

Well, yes and no. He can’t move the golf courses he owns, or the buildings.

However, Trump doesn’t actually own many of the buildings himself. He basically markets his name, which others use. In that sense, he can take his business wherever he wants.

BTW when he and his family sold out his late father’s real estate holdings in 2003, one of the buyers was Mitt Romney’s Bain Capital.

Del Dolemonte on August 17, 2011 at 2:58 PM

The Donald is in real estate….he probably doesn’t have to pay any taxes given the complex tax structures used in that industry and the massive number of tax avoidance evasion schemes available to most builders.

David in ATL on August 17, 2011 at 2:58 PM

Obama is talking about taxing billionaires. The billionaires are pleading with Obama to tax them. OK, fine, tax them at 50% for all I care.

But since when is someone making $250K a year a billionaire? That is the crazy disconnect in all of this. And nobody ever questions either Obama or Buffett or Trump about it.

angryed on August 17, 2011 at 2:59 PM

Open mouth, insert hair.

search4truth on August 17, 2011 at 3:00 PM

I notice on Fox’s crawl this morning that Rep. Bachmann told Buffett to write a check. Finally said by someone other than people on blogs.

Cindy Munford on August 17, 2011 at 3:00 PM

If higher taxes are patriotic, then the founding fathers must have been the most unpatriotic politicians ever.

n2sooners on August 17, 2011 at 3:00 PM

TOTALLY OT: I found THIS over @ Big Peace. Woo!

annoyinglittletwerp on August 17, 2011 at 2:48 PM

How sad that we have become so ignorant of history. That muzzie puke from CAIR may know exactly what Cong. West meant, but would never admit it.
No surrender, a$$wipe!

Extrafishy on August 17, 2011 at 3:02 PM

Dude, nothing’s stopping you. Pony up.

Missy on August 17, 2011 at 3:03 PM

For us to be subsidizing oil companies is absolutely insane,” he said, breaking from many tea partiers and Republicans who do not want taxes raised on businesses or individuals.

He’s using the term ‘subsidizing’ for standard manufacturing deductions that oil companies and other manufacturers make use of. This tells me he hasn’t looked deeper into this and simply believes the liberal narrative. Idiot.

I wonder if he considers depreciation deductions on properties and equipment that he owns as a ‘subsidy’. Since he is a billionaire he obviously doesn’t need those subsidies.

slickwillie2001 on August 17, 2011 at 3:03 PM

Donald Chump…

beatcanvas on August 17, 2011 at 3:04 PM

Then just do it and shut up about it already. This isn’t about just increasing taxes on the super rich but increasing taxes on the not so rich, the middle class, and the working class. I am sick of hearing millionaires whine about what they are willing to do. As Perry said: actions speak louder than words.

Blake on August 17, 2011 at 3:05 PM

Then stop using loopholes and deductions. If I wanted to pay more, I wouldn’t take the mortgage interest deduction. But I don’t, so I do.

rbj on August 17, 2011 at 3:06 PM

“The tax system shouldn’t be used to play political favorites.”

Then there wouldn’t be a need for the political elite ruling class, nor the “K” street lobbyists…

… now would there?

Seven Percent Solution on August 17, 2011 at 3:08 PM

Retroactively tax Donald at 90% and see what his reaction is.

Bishop on August 17, 2011 at 3:08 PM

OT: this over on Fox Nation: Obama Blames the Internet for High Unemployment

Mangy Scot on August 17, 2011 at 3:10 PM

What’s the holdup, Dump? Is your checkbook stuck under that ugly fucking muff on your head that some poor chipmunk had to die for?

Western_Civ on August 17, 2011 at 3:10 PM

NO.

The government spends everything it takes in. Don’t give them anything but the bare necessity.

Trump is a fool. If he truly wanted to give more he would, and quietly too.

darwin on August 17, 2011 at 3:12 PM

Why won’t this idiot go away?

therightwinger on August 17, 2011 at 2:51 PM

Maybe he’s Plan B. If that tool, or another tool like him can take 5% away from the Republican candidate in a few critical states, it’s a second term for the crony-capitalists’ favorite president.

forest on August 17, 2011 at 3:13 PM

Wait, are you implying that corporations are people /s

angryed on August 17, 2011 at 2:57 PM

No, Soylent Green is people.
What I’m saying is that increased costs (taxes) will be passed along. You know that. You’re just toying with me.

Extrafishy on August 17, 2011 at 3:13 PM

How come no one asks these guys why they don’t just write a check to the US government when they are doing these interviews? I would love to hear their response to that one. Or are we just getting that part of the news intentionally buried by the MSM?

Scorched_Earth on August 17, 2011 at 3:14 PM

OT: this over on Fox Nation: Obama Blames the Internet for High Unemployment

Mangy Scot on August 17, 2011 at 3:10 PM

I blame al gore.

But I bet all the mayhem created from global warming will create jobs to compensate…

the_nile on August 17, 2011 at 3:14 PM

TOTALLY OT: I found THIS over @ Big Peace. Woo!

annoyinglittletwerp on August 17, 2011 at 2:48 PM

To paraphrase GSP, Jr.:

“A man that eloquent needs to be re-elected!”

fiatboomer on August 17, 2011 at 3:15 PM

Western_Civ on August 17, 2011 at 3:10 PM

Oh, Lord, I haven’t laughed like that in a while. Thanks for that. I’ll miss you if you get banned.

Extrafishy on August 17, 2011 at 3:16 PM

Who told you (Donald) you couldn’t write a check to the US Treasury, anytime you wish.

Go for it.

stenwin77 on August 17, 2011 at 3:17 PM

Mr Trump,

It might be better if you hired all US citizens at your various companies instead, but if you are determined to pay more taxes, you have my permission.

dogsoldier on August 17, 2011 at 3:18 PM

Now, were I being cynical, I’d argue that the public really, really, wants to see the ‘rich’ taxed more.

The issue here is once again one of terminology.

Most don’t really consider $250K/yr to be ‘rich’. They’re thinking of the Vikram Bandits, the hedge-fund guys, and so forth. Even though everyone acknowledges there aren’t enough Blankfeins out there to balance the budget, a lot of folks really do think in Obama’s terms of ‘fairness’ on this one.

So it might make sense to play that game.

We need a tax structured to hit rich Democrats, the Hollywood blatherati as well as Wall Street. Where do you start the threshold? $5M in cap-gains? $5M in total income? Somewhere in that range.

This is the bone thrown to the ‘fairness’ crowd to get them to swallow the essential cuts. The fact that it won’t bring in budget-balancing revenue is a feature, not a bug.

JEM on August 17, 2011 at 3:19 PM

In WW2, people showed their patriotism by buying War Bonds.

If Donald Trump REALLY believes that Welfare is a “patriotic” investment, why doesn’t he prove it by taking a few million of those Debt Bonds off the Treasury’s hands?

logis on August 17, 2011 at 3:20 PM

But since when is someone making $250K a year a billionaire? That is the crazy disconnect in all of this. And nobody ever questions either Obama or Buffett or Trump about it.

angryed on August 17, 2011 at 2:59 PM

250k before deductions and taxes, no less.

HitNRun on August 17, 2011 at 3:21 PM

Trump isn’t well meaning. Presumably or otherwise.

therealfranklin on August 17, 2011 at 3:27 PM

Now, were I being cynical, I’d argue that the public really, really, wants to see the ‘rich’ taxed more.

The issue here is once again one of terminology.

JEM on August 17, 2011 at 3:19 PM

I’d add that the public wants to see the rich taxed because they don’t understand the whole taking-water-out-of-a-pool-in-buckets-from-the-deep-end-instead-of-the-shallow-end thing.

If they actually understood that all taxes are shared by everyone, there wouldn’t be nearly as much support, which is a distinct difference from the Kos Kids’ claim that America wants higher taxes and more government.

This also explains why the public is giving Obama the bum’s rush, despite supposedly “supporting” his policies. They may like those policies when asked by a pollster, but what matters is the results. Public schooling and monolithic media wisdom haven’t yet driven the paramount position of results from the public mind.

HitNRun on August 17, 2011 at 3:27 PM

If paying more taxes makes one “more patriotic”, then I’ll gladly take the treasonous path.

TXUS on August 17, 2011 at 3:28 PM

Now, were I being cynical, I’d argue that the public really, really, wants to see the ‘rich’ taxed more.
JEM on August 17, 2011 at 3:19 PM

I for one do want to see the rich taxed. But no liberal does. And it’s the last thing in the world people like Donald Trump, John Kerry, Nancy Pelosi and the Kennedy’s want.

Income tax is not a tax on the rich. It is a tax on the people who are trying to BECOME rich.

There was a damned good reason the Constitution prohibited income tax. It was yet another bad idea that didn’t pan out.

logis on August 17, 2011 at 3:28 PM

In fact, that gesture would mean far more anyway as it would signify an over-and-above abundant kind of generosity rather than the mere fulfillment of obligation.

I like this line. True.

LiquidH2O on August 17, 2011 at 3:30 PM

Donald, the bank will find ways of lending that money out at interest. It helps businesses, and that expands the economy and provide another little revenue stream for the Government. Or you could give it to the Government which would be akin to putting it through the shredder.

Greek Fire on August 17, 2011 at 3:37 PM

Are these very wealthy people that that a revolution is coming, and are just saying these things so that they’ll be the last ones thrown up against the wall?

Greek Fire on August 17, 2011 at 3:39 PM

Trump: Unlike other less “patriotic” business leaders, “I’d be willing” to pay more taxes

In other words, he’s unwilling until his arm is twisted.

rukiddingme on August 17, 2011 at 3:40 PM

The Donald needs anorther 15 minutes, so he’s grandstanding….AGAIN!

belad on August 17, 2011 at 3:44 PM

Oh, please.

Donald Trump’s real estate investments are all in the U.S. He can’t just pick up his real estate and move it to Switzerland–thus, he isn’t CAPABLE of relocating overseas. Otherwise, he would.

Outlander on August 17, 2011 at 3:48 PM

faker!!!
In fact I was thinking of sending in $ 1.00 to reduce the debt just so say that even though I am barely making ends meet, I HAVE given more to the country to pay off the debt that these loud mouth million/billionaires. So they can either walk the talk or STFU. Infact I think that the tea party members should do it just to prove the point. Nothing stops any one from sending $ to the treasurey.

ColdWarrior57 on August 17, 2011 at 4:00 PM

How about this … anyone who pays twice as much or more than is due on their taxes gets two votes in elections for federal office.

crosspatch on August 17, 2011 at 4:00 PM

“I’d be willing [to pay higher taxes],” Trump said on Wednesday, responding to Buffett’s op-ed on ABC’s Good Morning America. “I put country first. A lot of people don’t necessarily put country first…. In many cases, they’re not patriotic. They’re business machines. And they’re going to say, ‘Thank you very much, I appreciate you letting us know. We’re moving to Switzerland.’”

Not surprising from the creep who suggesting soaking the rich to pay off the national debt 12 years ago.

But very hypocritical for him to talk about business machines when he invoked eminent domain to evict a little old lady from her house so he could demolish it to build a parking lot for limousines. Seriously. No, that’s not the plot of a bad 80′s kids movie.

MadisonConservative on August 17, 2011 at 4:00 PM

You. Are. FIRED!

KMC1 on August 17, 2011 at 4:03 PM

Go ahead then, Don. Who’s stopping you?

mojo on August 17, 2011 at 4:08 PM

At least he’s saying he’s “willing to” instead of “wants to”.

malclave on August 17, 2011 at 4:15 PM

How about this … anyone who pays twice as much or more than is due on their taxes gets two votes in elections for federal office.

crosspatch on August 17, 2011 at 4:00 PM

I’m sure ACORN will go for that… all those people who pay zero would automatically get multiple votes.

malclave on August 17, 2011 at 4:17 PM

and presumably well-meaning men like Trump

Shirley you jest.

MJBrutus on August 17, 2011 at 4:23 PM

There seems to be a growing demand for a service that can help these guys figure out how to pay more taxes. Hmmm, maybe I will call my new business H&R Blockhead.

TexAz on August 17, 2011 at 4:26 PM

from Warren Buffet’s Tax Dodge:
“Barney Kilgore, the man who made the Wall Street Journal into a national publication, was once asked why so many rich people favored higher taxes. That’s easy, he replied. They already have their money.

LarryD on August 17, 2011 at 4:47 PM

Did anyone ever notice these pro-more-taxes weirdos never seem to mention what the taxes they pay should go toward?

There was a time in America when congress had to propose a program first, then consider what they would have to do to find the necessary funds before they’d pass the bill.

Now they just spend and pretend fiscal responsibility later by crying deficit and debt -but only as an excuse to spend more for programs few want and haerdly any truely need.

Don L on August 17, 2011 at 4:48 PM

These Democrat crony parasites should have their ill gotten gains confiscated. If a skyscraper management company or an airline company gave money to al qaeda, they too should be put right out of business. There is no good excuse. In the case of Trump and Buffett, their relationship with Democrats likely goes beyond purchasing peace offerings, but a smoking gun shouldn’t be necessary for the Republicans to target their empires.

Buddahpundit on August 17, 2011 at 6:43 PM

When [it’s] explained to the tea party, I can’t imagine anyone will stick up for Exxon Mobil or some of these big oil companies making a fortune and paying relatively little in taxes,” Trump said.

Maybe someone should explain it to you first, because it would be news to Exxon and the other oil companies that they pay little in taxes.

xblade on August 17, 2011 at 8:56 PM

Trump donated, supported, and voted for Obama and urged others to do the same. him He is not blind. He knew as well as you who Obama was and choose to support him for some(business?) reason. Why even listen to this fraud?

borntoraisehogs on August 17, 2011 at 10:08 PM

How is it that these guys who have made billions don’t understand simple economics?

It’s far better for the economy for billionaires to invest that money back into their companies than to give it to the wasteful government.

Flatten the tax structure and get rid of the loopholes. Make it so easy that you can file your taxes on a postcard instead of paying big bucks for accountants or tax software. Eliminate the need for the IRS.

Common Sense on August 17, 2011 at 11:33 PM

Mr. Trump, if you want to be believed, send a large check to the US Treasury. It will be accepted. Publicize it. Do whatever your ego demands. But walk the walk, man. Don’t just talk the talk. It will make you look a little but less like a posturing fool.

{^_^}

herself on August 18, 2011 at 5:53 PM