Al Jazeera did not disclose the purchase price, but people with direct knowledge of the deal pegged it at around $500 million, indicating a $100 million payout for Mr. Gore, who owned 20 percent of Current. Mr. Gore and his partners were eager to complete the deal by Dec. 31, lest it be subject to higher tax rates that took effect on Jan. 1, according to several people who insisted on anonymity because they were not authorized to speak publicly. But the deal was not signed until Wednesday. (emphasis added)
Hmmm. Does this mean Gore is not one of the “well-to-do Americans, patriotic Americans, who,” according to President Obama in a campaign speech back in August, “… are willing to do the right thing, willing to do their part to make this country strong” by paying higher taxes? One of those people who has “made enough money”?
In fact, amid all the stories about companies paying dividends early to help investors avoid higher taxes (such as Costco, which like Current TV was co-founded by a confirmed Democrat) or doing the same with bonuses (such as Goldman Sachs, whose executives famously supported Obama heavily in 2008 before largely abandoning him last year), can anyone find a story about companies or individuals actively taking steps to ensure they do pay higher taxes?
Who are these well-to-do, patriotic people trying to do as Obama wishes? And don’t give me a link to op-eds Warren Buffett has written about the need for wealthy people to pay more taxes. Not when his company has been fighting the IRS about its tax bills — presumably not in an attempt to pay more than the feds are seeking — and recently bought back $1.2 billion worth of its shares to keep a single unnamed investor from having to pay higher tax rates.
Who are these patriotic Americans? If their cause is so good, why haven’t we heard about any of them acting on it rather than just grandstanding about it?
– By Kyle Wingfield