Will Smith supports Obama's call for higher taxes

RYAN PEARSON
8 May 2012
View photos
Actor Will Smith poses upon his arrival for a press conference to promote his new movie "Men in Black III" in Seoul, South Korea, Monday, May 7, 2012. (AP Photo/Lee Jin-man)

LOS ANGELES (AP) — One of Hollywood's biggest and best-paid stars is supporting President Barack Obama's call for higher taxes on the country's top earners.

Will Smith said while promoting "Men In Black III" last week that he supports the move.

"I'm very supportive of that idea," Smith told The Associated Press in an interview. "America has been fantastic to me. I have no problem paying whatever I need to pay to keep my country growing."

Obama has proposed that everyone earning $1 million a year or more should pay at least 30 percent of their income in taxes. One research group said the change would affect around 210,000 taxpayers.

Vanity Fair has reported that Smith was paid an estimated $20 million for "Men In Black III."

What to read next

Master's in Clinical Mental Health Counseling

You can save $7,500 in tuition when you start classes May 31. Request information today!

New Lease Accounting Standard to Impact C Suite

For many companies, it appears that leasing is here to stay.

Seeing is believing in the power of vitamins.

You can help give vitamins to prevent blindness in children just by getting your vitamins at Walgreens. #SeeTheChange through Mutesi’s eyes.

New Model Now Open in Oak Creek!

Luxury homes in the only gated country club community in Prince George’s County. Golf course homesites just released! Priced from the low $500s.

99 Retirement Tips from Ken Fisher

Tip #18: Beware of Annuities. If you have a $500,000 portfolio, get all 99 tips by downloading “99 Retirement Tips from Ken Fisher”.