Following up on Monday’s post, Law Prof Challenge: Give Your Bush Tax Cut Savings to Charity: Wall Street Journal, Ivy League Epiphany, by James Taranto:
Think your taxes are too low? Protest by making them lower!
We’d like to offer a last-minute nomination for the nitwittiest idea of the year: GiveItBackForJobs.com. This is the cognitive elite’s version of a tax revolt, made all the more comical because it is the product of two of America’s top universities. …
When normal people stage a tax revolt, it is because taxes are too high. These geniuses are upset that taxes are too low. Like President Obama, they were hoping for a big tax increase this weekend, as stipulated in the 2001 and ’03 tax laws. But Congress acted to avert it, and Obama signed the legislation keeping income-tax rates the same, at least for the next two years. …
One advantage of this approach, as the professors note, is that “contributions to all of the selected charities are tax deductible.” That means “donations made through this site draft the government as a partner in funding the projects that they support.” To translate that obfuscatory verbiage into plain English, if you follow the professors’ method of protesting your low tax bill, you will lower your tax bill even further. Talk about a win-win!
