Dear Wealthy: You Can Always Donate Extra Money to the Federal Government

I keep reading that wealthy Americans state that they want to be taxed more for the fiscal well-being of the nation:

More than 40 of the nation’s millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports.

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

To my fellow Americans who want to be taxed more, it’s time to put your money where your mouth is and I have found your opportunity. If you would like to donate to the federal government, all you have to do is mail a check to the US Treasury at this address:

Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called “Gifts to the United States.” This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs. These contributions are considered an unconditional gift to the government. Financial gifts can be made by check or money order payable to the United States Treasury and mailed to the address below.

Gifts to the United States

U.S. Department of the Treasury

Credit Accounting Branch

3700 East-West Highway, Room 622D

Hyattsville, MD 20782

However, if you do not feel inclined to donate your money for the fiscal well-being of the country–now that you know you can–please refrain from saying you don’t need the money or want to be taxed. Checkmate.

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