Last week the United States Congress and President Obama came to agreement to extend the so-called "Bush Tax Cuts." This means that individuals who earn more than $200,000 and couples who earn more than $250,000 will continue to pay a lower federal tax rate. Translation: Wealthy people in America will have more disposable income in their pockets.
So, let the donations and charity flow! I have heard from a number of wealthier people who have said they were keeping money in their wallets because they feared that the U.S. government was going to take more in income tax in 2011. Well that fear is now gone, at least for the next two years.
I hope the wealthiest 2% of Americans will "step up to the plate" just like Warren Buffett has done - giving extravagantly for the good of our country and of this earth. Let the donations flow!
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