Stupid Tax Tricks

**AustinChief** · 06-08-2001, 10:00 AM

I just read this article... and it is EXACTLY what I was afraid of...
I think a simple five tier progressive tax with NO exemptions or loopholes is what we need to look at for the future... The Tax Code has become a joke... and G.W. and BOTH parties in the Senate are certainly not helping things...

[url]http://www.time.com/time/magazine/article/0,9171,1101010611-128937,00.html[/url]

--Kyle
~disgusted

KCTitus · 06-08-2001, 10:21 AM

This is typical tax legislation...same could have been said about Clinton's bills, Bush Sr's bill, and Reagans bills.

There's a budget bill every year. It can rescind previous law or enact new law.

The only guarantee with the signing of this budget is through 2004 and if Bush is re-elected then that window extends through 2008. This is still 2 full years prior to when the majority of actual rate cuts fully phase in.

BIG_DADDY · 06-08-2001, 10:59 AM

Interesting article. We need a tax structure that is much more simple than our current one, that is for sure. Personally I am for a flat tax but that is just my prefference. I also think that estate taxation is the most ridiculouse tax there is as that money has already been taxed. You notice that the article seemed concerned about defecit spending and this tax cut putting us there. Am I the only one that notices this bias? I think we are WAY over taxed and should never under ANY circumstances end up paying more than that. That includes Federal, State, Sales, Property, Estate ect. ect. ect.

BIG DADDYS

Next business will almost certainly involve many cash transactions. :)

gh4chiefs · 06-08-2001, 11:54 AM

Bid Daddy,

It scares me to read your posts sometimes because it's like you're reading my mind. I've been a proponent of a LOW flat tax with NO exemptions for years but I don't guess that will ever happen. There's just too many people buying into the class warfare nonsense. It's pretty sad to see how short sighted people can be.

BIG_DADDY · 06-08-2001, 11:54 AM

Interesting article. We need a tax structure that is much more simple than our current one, that is for sure. Personally I am for a flat tax but that is just my prefference. I also think that estate taxation is the most ridiculouse tax there is as that money has already been taxed. You notice that the article seemed concerned about defecit spending and this tax cut putting us there. Am I the only one that notices this bias? I think we are WAY over taxed and should never under ANY circumstances end up paying more than that. That includes Federal, State, Sales, Property, Estate ect. ect. ect.

BIG DADDYS

Next business will almost certainly involve many cash transactions. :)

Clint in Wichita · 06-08-2001, 11:59 AM

Republicans are supposed to be against high taxes...we'll see if it's true in the next 3 1/2 years.

There are MANY other taxes that could be cut. For starters, given the current price of gasoline,, Bush could prove that he gives a rat's arse by cutting gas taxes YESTERDAY!!

BIG_DADDY · 06-08-2001, 12:00 PM

Sorry about the multiple posts guys.

gh4chiefs,

It's simple, straight forward, and fair. That's why it will never happen.

BIG DADDY

Besides, what would all the bureaucrats do.

:confused:

keg in kc · 06-08-2001, 12:02 PM

I don't believe that class warfare is nonsense at all, there's ample evidence of it throught history running up to this very day. To ignore that fact is more short-sighted than to acknowledge its obvious existence. I can probably come up with at least 50 examples of it from my own life, although I tend to think of the experiences I've had as more of "classism" (like racism...) than "class warfare". You don't have to look far to see the wealthy receiving preferential treatment in areas where equality should reign, like in the legal system. Heck, if I had as many problems with drugs as some folks, say maybe Robert Downy, Jr., I'd be locked up for the rest of my life.

That said, I'm all for a flat tax, as well, for most of the stated reasons....

Clint in Wichita · 06-08-2001, 12:02 PM

My wife works for an accounting firm. They all say a flat tax won't work, but that't probably because there's a good chance they'd be unemployed if it ever happens.

Clint in Wichita · 06-08-2001, 12:03 PM

Keg,

O.J.

'Nuff said.

bkkcoh · 06-08-2001, 12:04 PM

Clint,

I keep hearing that arguement all the time. If their was a flat tax rate, that would decrease the need for a lot of CPA's. But wouldn't that free up a lot investment oppurtunities??

KCTitus · 06-08-2001, 12:06 PM

Hey, Clint...it took 149 days to lower your taxes and you'll actually be getting a check. How's that for serious?

Dems with control of the senate will do their best to stifle any further cuts in taxes.

Clint in Wichita · 06-08-2001, 12:08 PM

Believe me, I couldn't care less about the CPAs job future. The CPAs I know of charge about $125 dollars per hour :eek:. If they haven't saved enough for retirement, let 'em drive a forklift at Home Depot or something.

bkkcoh · 06-08-2001, 12:09 PM

Remember, it is typically the Democraps that nix the tax cuts. The House republicans have introduced many tax-cut bills.

Clint in Wichita · 06-08-2001, 12:10 PM

I could be mistaken, but I believe Bush could (and should've weeks ago) lower gas taxes without congressional approval.

06-08-2001, 10:00 AM
AustinChief Administrator Join Date: Aug 2000 Location: Austin Casino cash: $2389112	Stupid Tax Tricks I just read this article... and it is EXACTLY what I was afraid of... I think a simple five tier progressive tax with NO exemptions or loopholes is what we need to look at for the future... The Tax Code has become a joke... and G.W. and BOTH parties in the Senate are certainly not helping things... [url]http://www.time.com/time/magazine/article/0,9171,1101010611-128937,00.html[/url] --Kyle ~disgusted
Posts: 19,583

06-08-2001, 10:21 AM	#2
KCTitus Archivist Join Date: Aug 2000 Location: The Ethernet Casino cash: $9892732	This is typical tax legislation...same could have been said about Clinton's bills, Bush Sr's bill, and Reagans bills. There's a budget bill every year. It can rescind previous law or enact new law. The only guarantee with the signing of this budget is through 2004 and if Bush is re-elected then that window extends through 2008. This is still 2 full years prior to when the majority of actual rate cuts fully phase in. __________________ Anything you post on this BB can and will be used against you...
Posts: 26,193

06-08-2001, 10:59 AM	#3
BIG_DADDY THE RED MENACE Join Date: Aug 2000 Location: Texas Casino cash: $4968410	Interesting article. We need a tax structure that is much more simple than our current one, that is for sure. Personally I am for a flat tax but that is just my prefference. I also think that estate taxation is the most ridiculouse tax there is as that money has already been taxed. You notice that the article seemed concerned about defecit spending and this tax cut putting us there. Am I the only one that notices this bias? I think we are WAY over taxed and should never under ANY circumstances end up paying more than that. That includes Federal, State, Sales, Property, Estate ect. ect. ect. BIG DADDYS Next business will almost certainly involve many cash transactions. :) __________________ The diabolical genius of Marxism-Socialism is that it provides the emotional and intellectual road map for autocrats to persuade millions of people to support their own enslavement to government. ~Mark Levin April 15, 2019
Posts: 32,387

06-08-2001, 11:54 AM	#4
gh4chiefs Regular Join Date: Aug 2000 Location: Jefferson City, MO Casino cash: $2283592	Bid Daddy, It scares me to read your posts sometimes because it's like you're reading my mind. I've been a proponent of a LOW flat tax with NO exemptions for years but I don't guess that will ever happen. There's just too many people buying into the class warfare nonsense. It's pretty sad to see how short sighted people can be. __________________ Gary
Posts: 1,486

06-08-2001, 11:54 AM	#5
BIG_DADDY THE RED MENACE Join Date: Aug 2000 Location: Texas Casino cash: $4968410	Interesting article. We need a tax structure that is much more simple than our current one, that is for sure. Personally I am for a flat tax but that is just my prefference. I also think that estate taxation is the most ridiculouse tax there is as that money has already been taxed. You notice that the article seemed concerned about defecit spending and this tax cut putting us there. Am I the only one that notices this bias? I think we are WAY over taxed and should never under ANY circumstances end up paying more than that. That includes Federal, State, Sales, Property, Estate ect. ect. ect. BIG DADDYS Next business will almost certainly involve many cash transactions. :) __________________ The diabolical genius of Marxism-Socialism is that it provides the emotional and intellectual road map for autocrats to persuade millions of people to support their own enslavement to government. ~Mark Levin April 15, 2019
Posts: 32,387

06-08-2001, 11:59 AM	#6
Clint in Wichita Veteran Join Date: Aug 2000 Casino cash: $10004900	Republicans are supposed to be against high taxes...we'll see if it's true in the next 3 1/2 years. There are MANY other taxes that could be cut. For starters, given the current price of gasoline,, Bush could prove that he gives a rat's arse by cutting gas taxes YESTERDAY!!
Posts: 4,458

06-08-2001, 12:00 PM	#7
BIG_DADDY THE RED MENACE Join Date: Aug 2000 Location: Texas Casino cash: $4968410	Sorry about the multiple posts guys. gh4chiefs, It's simple, straight forward, and fair. That's why it will never happen. BIG DADDY Besides, what would all the bureaucrats do. :confused: __________________ The diabolical genius of Marxism-Socialism is that it provides the emotional and intellectual road map for autocrats to persuade millions of people to support their own enslavement to government. ~Mark Levin April 15, 2019
Posts: 32,387

06-08-2001, 12:02 PM	#8
keg in kc oxymoron Join Date: Feb 2001 Location: OP/KC/Whatever Casino cash: $9556299	I don't believe that class warfare is nonsense at all, there's ample evidence of it throught history running up to this very day. To ignore that fact is more short-sighted than to acknowledge its obvious existence. I can probably come up with at least 50 examples of it from my own life, although I tend to think of the experiences I've had as more of "classism" (like racism...) than "class warfare". You don't have to look far to see the wealthy receiving preferential treatment in areas where equality should reign, like in the legal system. Heck, if I had as many problems with drugs as some folks, say maybe Robert Downy, Jr., I'd be locked up for the rest of my life. That said, I'm all for a flat tax, as well, for most of the stated reasons....
Posts: 58,682

06-08-2001, 12:03 PM	#10
Clint in Wichita Veteran Join Date: Aug 2000 Casino cash: $10004900	Keg, O.J. 'Nuff said.
Posts: 4,458

06-08-2001, 12:04 PM	#11
bkkcoh MVP Join Date: Aug 2000 Location: Lewis Center, Ohio USA Casino cash: $9805595	Clint, I keep hearing that arguement all the time. If their was a flat tax rate, that would decrease the need for a lot of CPA's. But wouldn't that free up a lot investment oppurtunities?? __________________ Brian K. Aspire to Inspire before you Expire
Posts: 5,506

06-08-2001, 12:06 PM	#12
KCTitus Archivist Join Date: Aug 2000 Location: The Ethernet Casino cash: $9892732	Hey, Clint...it took 149 days to lower your taxes and you'll actually be getting a check. How's that for serious? Dems with control of the senate will do their best to stifle any further cuts in taxes. __________________ Anything you post on this BB can and will be used against you...
Posts: 26,193

06-08-2001, 12:08 PM	#13
Clint in Wichita Veteran Join Date: Aug 2000 Casino cash: $10004900	Believe me, I couldn't care less about the CPAs job future. The CPAs I know of charge about $125 dollars per hour :eek:. If they haven't saved enough for retirement, let 'em drive a forklift at Home Depot or something.
Posts: 4,458

06-08-2001, 12:09 PM	#14
bkkcoh MVP Join Date: Aug 2000 Location: Lewis Center, Ohio USA Casino cash: $9805595	Remember, it is typically the Democraps that nix the tax cuts. The House republicans have introduced many tax-cut bills. __________________ Brian K. Aspire to Inspire before you Expire
Posts: 5,506

06-08-2001, 12:10 PM	#15
Clint in Wichita Veteran Join Date: Aug 2000 Casino cash: $10004900	I could be mistaken, but I believe Bush could (and should've weeks ago) lower gas taxes without congressional approval.
Posts: 4,458