Our Biggest Surprise From The "Patriotic Millionaires For More Taxes Initiative": Whitney Tilson Makes Over A $1,000,000

Tyler Durden's picture

When we read about the "Patriotic Millionaires" initative, in which anyone can submit a name and an email address, and indicate they make over a million dollars, while patriotically proclaiming their desire to be taxed more, our biggest surprise was not that nearly 400 Americans gave the IRS a carte blanche to go through their 2011 tax returns line by line, but that Whitney Tilson actually makes over a million per year. It appears the "Value" Investing Congress still has money left over after spending millions on R&D for uncovering revolutionary ways for its VIC conference invite (80% off, but only if you respond in the next 10 minutes) blast mail to pass through every single spam filter known to man (or so it would appear to disinterested 3rd parties who have tendonitis from hitting unsubscribe countless times). That said, we are confident all of these patriotic individuals will gladly submit at least an additional 10% of their gross income to the IRS, and provide proof of doing so, regardless of how successful their highly patriotic and altruistic campaign ends up being. Because otherwise those tempted to do so, may actually accuse said "millionaires" of hypocritical posturing. Incidentally, perhaps next said self-proclaimed millionaires, who count in their ranks such rich men as Nouriel Roubini, Leo Hindery, Mike Steinhardt, and Edie Falco can also disclose the liability side of their balance sheets.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
LeBalance's picture

Allowing the thief to take more from your wallet does not address the issue.

MillionDollarBonus_'s picture

I'd like to see you manage the world's greatest superpower. Our politicians were elected because they are the best leaders, and they know how to run a country. The congress has proven its ability to tackle difficult issues with decisive acts like the bipartisian compromise and the supercongress initiative. We need PROVEN experts to manage the country with the advice of top nobel-prize winning economists.

spiral_eyes's picture

what's wrong with prudent, intelligent and patriotic kenyans (wait don't i mean keynesians?) running the country? shouldn't we take the best and brightest from our universities to run our centrally planned democracy?

one problem. 

black swan clusterflock, bitchez


six sigma events happen every second... 

FLIP THAT BOND's picture

We're in so much debt that I just hope they're good enough leaders to borrow more money so we don't go bankrupt.  We should listen to Krugman's great advice of staging a pretend battle with aliens in order to boost GDP. Spend, spend, spend..it's the only answer.

Kat's picture

Our politicians were elected because they were the dregs that ran.

Oh wait...LOL!!

Eireann go Brach's picture

"Our politicians were elected because they are the best leaders, and they know how to run a country". I knew you read ZH Timmay, now go fuck off!

I am Jobe's picture

Double LOL and put down that crack pipe will ya

Ident 7777 economy's picture

by MillionDollarBonus_ on Mon, 08/15/2011 - 15:55 #1562746

I'd like to see you manage the world's greatest superpower. Our politicians were elected because they are the best leaders, and they know how to run a country. ...

- - - - - - - - - - -

Yeah, that was good. I needed a laugh today ...




Hyper Entropy's picture

I'd like to see you manage the world's greatest superpower.


Open the white pages of any old phone book and put your finger on the page. I give you POTUS.

A Nanny Moose's picture

Wake me up when the start writing checks to the United States Treasury...VOLUNTARILY

sun tzu's picture

I always wonder why these sleazebags keep proclaiming they don't pay enough taxes. Why don't they just turn over all of their income to the IRS. Warren Buffett should instruct his CPA not to take any deductions. He can even instruct the Berkshire Hathaway accountants not to deduct any business expenses to his businesses can pay more taxes. The IRS does not force any person or business to deduct expenses against income. Anyone who thinks taxes are too low can send the IRS an extra check for the amount they think they should be paying.

Robslob's picture

Tiiping point coming to a theatre near you...

Buckaroo Banzai's picture

If these "Patriot Millionaire" fucknuts were REAL patriots, they would voluntarily donate THEIR OWN millions for disposal into the FedGov Money Hole™, instead of directing FedGov to confiscate MY hard-won $$$ for destruction by the Money Pit On The Potomac.

Shitbirds like this really chap my ass.

Spitzers Black Socks's picture

I would love to have a look at their tax returns to see exactly how "patriotic" they are when it comes to their own taxes.

quintago's picture

Gives new meaning to self hating jew! JK, before you get your panties in a bunch...

Max Hunter's picture

That was pretty good.. Hmmm.. so maybe.. just maybe... we have a spending problem...   I said maybe..

countupir's picture

thx.  been looking for a breakdown like this

Bobbyrib's picture

That was pretty pathetic. Yes, we need to cut spending, but to not start from the budget deficit and not include payroll taxes is a little dishonest. I guess when the middle class pays taxes it doesn't count.

shushup's picture

Who is Whitney Tilson?

SilverRhino's picture

Some wasted washed up has been singer trying to get you to pay more taxes.  

nmewn's picture

Another millionaire New Yawkah with more dollars than sense ;-)

Hyper Entropy's picture

She's married to Bobby Brown.

plocequ1's picture

Who gives a fluck? As long as their interests dont conflict with mine.

Cognitive Dissonance's picture

It's not Whitney Tilson. There was a misprint.

It's Whitey Tilson. Sorry about that.

NotApplicable's picture

Remember, the key to happiness is lowered expectations.

RichardENixon's picture

I remember him from "Leave it to Beaver"

NuYawkFrankie's picture

Who - or what - is Whitney Tilson? And shoud I care?

Is she that blond bimbo always on cnbc?  

NuYawkFrankie's picture

thanks - always thought "Whitney" was a female name....

plocequ1's picture


Isnt she the one that sang that 80's tune,  How will i know?


NuYawkFrankie's picture

Thats what I thought at first - maybe she marriied MIke Tyson, hence "Whitney Tyson"

Then again WTF do I know?


Dr. Engali's picture

Hypocritical millionaires? Unheard of.

cowdiddly's picture

M1 and M2 increased 22% in six months now they are only $780,000 aires minus said 10%tax = 700K. Welcome to the middle class bitchez

foxmuldar's picture

Isn't it time Warren Buffett shuts the hell up. Did he rake in millions from the tax payer bailout of Goldman Sachs? I think Mr. Buffett has a guilty conscience.  Buffett has his nose so deep up Obama's ass its starting to turn brown.

israhole's picture

lol, you got that right.

sun tzu's picture

Buffett needs more taxpayer funding to bail out his insurance companies and banks. He also likes those government contracts that the Berkshire companies receive. The pigs get mad when you take away the gravy

Insiderman's picture

BILLIONAIRES WON'T BE GIVING MOST OF THE MONEY but will reap oversize benefits in terms of retirement and medical benefits for their employees (large corporations) and a lower overall borrowing cost in the U.S.  The billionaires know that taxing down to $250k will also help depress their competition (small business). Perfectly rational, Mr. Buffett.

foxmuldar's picture

If I was 80 years old and had billions of dollars I'd never be able to spend, what better way to bring more attention to yourself then boasting I need to pay more taxes. Its us middle and lower income folks that are getting taxed to death. Buffett and his ilk won't miss a few Millions more. Screw all those self conceited bastards.

kito's picture

buffett is a real altruist and patriot. ten percent increase on his income is, um 0 dollars? that guy hasnt paid a capital gains tax since world war 1. his "salary" is 100,000 a year. he doesnt even qualify under the super rich tax plan.  

Gromit's picture

Nothing to stop them donating voluntarily to the US Treasury if they really believe this.

MachoMan's picture

Winner winner chicken dinner.  This is the answer, literally, to every liberal blowhard (read: not necessarily affiliated with the democrat party).  Ok, if the state is so awesome and everyone should pay more taxes, lead by example.  I nail one of the guys in the office about this every time he opens his mouth...  "I wouldn't mind paying more taxes"...  well, apparently you do sir because you have a net worth...  when you figure out why you haven't yet written a check to uncle sam, you'll figure out why the premise of your altruism is total bullshit.

Aside from the fact that assholes wanting to be taxed more stinks like Bill Gross writing CYA letters bashing the administration or policies...  I'm pretty sure some track records are impossible to overcome.  The proof is in the pudding so to speak.  (as a practical matter, anyone who gets in your face and starts jawing probably doesn't plan on throwing a punch...  it's the assholes that just step up and swing that you have to worry about).

stoverny's picture

Warren Buffett:

"Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income"


TVBE - thinly veiled brag editorial

At120's picture

How 'bout we raise those capital gains taxes instead personal income tax?  I doubt you'll be writing editorials in the Times supporting that, but that's the ultimate way to screw the rich.