Millionaire Owner Of H&R Block Wants To Pay More Taxes

Author: August 27, 2011 11:21 am

Henry Block, founder of H&R Block. Image from http://www.inc.com/ss/ins-and-outs-growing-business

H&R Block founder Henry Bloch knows all about taxes. He should, considering that’s what his company does. The company has been preparing tax returns since 1955 and they know just about everything about the tax code. So when the multimillionaire owner of H&R Block says the tax code unfairly gives the wealthy an advantage over the rest of us, we should listen.

In an interview with Fox 4 News Mr. Bloch ????said that “the wealthy have a debt to this country. They can afford to pay it and they should.” He then added that the Republican push to protect tax breaks for millionaires in order to create jobs is “baloney”:

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“That’s so baloney,” Bloch said. “Rich people don’t create jobs. Companies create jobs. You probably pay a higher rate than I do… and yet my income is probably many times what yours is.”

This comes just after Warren Buffett wrote an op-ed in The New York Times calling on Congress to “stop coddling billionaires”. Bloch is absolutely correct when he says that wealthy people do not create jobs. Even Ronald Reagan knew that it’s the small businesses on Main Street that create the jobs, not the Wall Street corporations. Bloch and Buffett aren’t the only ones that think this way either. ??Last week, Rep. Jeff Fortenberry (R-NE) said Buffett is right that loopholes in the tax code, “skew in favor of the ultra-wealthy, ultra-wealthy corporations, and the overseas aristocracy.”

So you’re probably thinking that Bloch is a Democrat, right? Well, he’s not. He’s a longtime registered Republican.


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9 Comments

  • Concerned Citizen

    Well the crazy thing is, they could make leaps and bounds with revenue if the legalized marijuana. And they are working on it but big pharma and big oil among many others are fighting it. We need term limits so these corrupt jerks cant stay in and keep things corrupt and so that we can get fresh real governing. But back to my point. Doing that one thing will cut alot of population from prisons. Create a ton of jobs. And produce alot of revenue for paying down the debt. We also need to put a high tax on all imported goods and get manufacturing back into our country. Maybe we just need to take OUR country back and do whats right. If kids can organize on Blackberries to rob stores and whatnot us adults should be able to do the same. But its coming, i can feel it. Im just impatient and rightfully so after being unemployed for 3 years. And BTW no i dont smoke weed and thats not why ive been unemployed. There simply is no jobs where im at. Figured id better put a disclaimer there before some idiot flamed me lol.

  • If this were the 1950s this would never stand giving multimillionaires loopholes and tax breaks so they can invest more money in communist China.

  • Whenever we have increased the revenue to the US government over the past 30 years, Congress continues to spend over $1.40 for every dollar coming in. Since the Congress continues to spend more than is taken in, the Debt will never be paid and our children and children’s children will reap the rewards of a $52 Trillion unfunded future liability. Stop the spending first, then talk about revenue.

    • You’re about half right.

      You can’t ignore a massive mountain of revenue and just slash to the bone to get out of debt. It’s counter-productive. When you need a lot of extra money, what do you do? Simply cut out what you don’t need, or do you take another job or extra hours to help close the gap more quickly and comfortably in addition to making decisive cuts where they will be the most effective?

      There’s definitely wasteful spending going on (Millions in taxpayer money for a goddamn stock car that says “US ARMY” on it? Really?), but you can’t overcome a budget gap with just cuts.

      As a freelance writer, I’m in direct control of my income based on how much I work. When I need more money for whatever reason (a high utility bill, unexpected expense, etc), I don’t just cut. I do more work to bring in more income (or in gov’s case, tax revenue since it’s their primary income source) to offset how much I have to make.

      And I cut things I don’t need (like my satellite TV, which has been turned off for almost 3 months now) in favor of things I do need (food, electricity, etc). I would think that getting able-bodied Americans working and spending again would be under “need,” while building ridiculously overpriced weapons in bulk for what is already the most heavily equipped and powerful fighting force on Earth is really more of a “want” or a “non-necessity.”

      Anyway, tl;dr: Cuts don’t produce money, they simply reduce the amount of money you need to add in to cover your debt. You still need a revenue stream. Cuts need to be decisively geared towards non-essential programs, like NASCAR sponsorship, Cranberry Festivals, or blowing up the brown guy of the week because Murka needs to find a new nation to nerf.

  • God bless him and if you’re an Athiest wish him luck because truly good and fair people should be welcomed at any table.

  • It’s just a shame that it’s going to take so much more than a couple mega-rich guys making the case for higher taxes on the rich to make it actually happen…

    The teabaggers in our congress have seen the writing on the wall, and since they know they’re going to be evicted soon, they intend to burn the house down as they’re leaving.

    Karma, as well as history, isn’t going to be kind to these fools…

  • Fiona Mackenzie

    Yes, it is possible to have a brain AND a heart. Not something grasped by the right, though.

  • Lynnda Oliveira

    someone with a brain!

  • Isn’t it bologna? Baloney? What?

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