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06-08-2001, 10:00 AM | Topic Starter |
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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 |
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06-08-2001, 10:21 AM | #2 |
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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.
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06-08-2001, 10:59 AM | #3 |
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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. :)
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06-08-2001, 11:54 AM | #4 |
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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.
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06-08-2001, 11:54 AM | #5 |
THE RED MENACE
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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. :)
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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 |
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06-08-2001, 11:59 AM | #6 |
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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!! |
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06-08-2001, 12:00 PM | #7 |
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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:
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06-08-2001, 12:02 PM | #8 |
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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.... |
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06-08-2001, 12:02 PM | #9 |
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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.
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06-08-2001, 12:03 PM | #10 |
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Keg,
O.J. 'Nuff said. |
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06-08-2001, 12:04 PM | #11 |
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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??
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06-08-2001, 12:06 PM | #12 |
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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.
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06-08-2001, 12:08 PM | #13 |
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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.
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06-08-2001, 12:09 PM | #14 |
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Remember, it is typically the Democraps that nix the tax cuts. The House republicans have introduced many tax-cut bills.
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06-08-2001, 12:10 PM | #15 |
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I could be mistaken, but I believe Bush could (and should've weeks ago) lower gas taxes without congressional approval.
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