posted on Dec, 30 2012 @ 03:54 AM
I would like to thank the OP for this post.
It not only shows the joke of our tax system, but the hypocrisy of the liberals.
First the tax issue.
The code is set up purely to let politicians give the appearance of helping the "middle class", give more welfare money and keep the rich (including
It is so full of loopholes, condridictions, and enough legalese that even the IRS (supposed inforcers of the code) does not know how it all works.
The whole time the middle class basically pays for it all.
I propose a simple flat tax.
It would work like this. Everyone and business (on gross income not after expenses) pays (example) 20 percent.
At the end of the year everyone gets back what they paid on the first 15,000 (thus satisfying the need to have a refund).
Eliminate the earned income tax credit based on the simple theme if you did not pay or pay over 15,000 then why the heck should you get back an extra
XX thousands? No hiding another form of welfare, bring it out into the light.
No tax on savings, social security (you paid into it after taxes), your pension (if it is after tax, if not its income) or estate taxes (why should
you pay again on money/property you saved for your family).
Everyone would pay their fare share. Be they earn 20,000 or 20 million.
The sideline benifits are
1. so simple if the congress wants to raise the rate its clear what the raise is. No "extra deduction for this but increase that".
2. Simplified paperwork all around. One page tax form. Your w-2 (or equivilant for self employed, pensions, ect) and thats it. No saving endless
receipts for deductions, amortizations, ect.
3. No need to pay for tax prep, accountants, storing tons of paperwork, or tax programs. They will scream bloody murder but hey I did not see much
sympathy given for (example) buggy whip manufacters.
4. Catching cheats is dirt simple. If you earned total of 30,000 from 3 jobs but only paid in (example) 4,000 BUSTED.
5. IRS can be slimmed down with increasing effecency. You could downsize the IRS by easily 50% or more. How? No need to have all those people for
help line, to print all those "official forms" you see by the thousands at the librarys that most get thrown away, no need to print all those tax
form rulebooks, all those processors (simple form/ easiser to computer process), alot can be done on-line, less offices with the expences to run them,
and reduction on the number of agents.
Enforcement becomes easier (along with compliance) as said in point 4. Less offices
Now although you have eliminated all the deductions/loopholes, reduced the overall rate to one low level, and eliminated income from
estate/savings/ect you in the long run intake will skyrocket. Because you increase compliance due to simplicity, you make catching cheats easy/fast,
eliminate money going out not compensated for (EIC), and everyone pays a set level.
The ONLY WAY IT WILL HAPPEN is when we all band together and put aside our individual greed/bias and use common sense in voting for representatives
and HOLDING THEM TO THEIR WORD.
Now on to point two on hypocrisy of the liberals.
I find it funny in the main stream press, comments on ATS and protests like the OWS we hear ENDLESSLY about the 1%, evil corporations (both on lack of
taxes and ourtsourcing), capitalism, and anybody rich with a Republican/conservative/tea party attached to their name.
We hear about GE, legal off shore accounts of romney, and how rich "need to pay more" at nausium in the press.
But strangely silent on Apple corporation, warren buffet, the kennedy family, the obama cabinate (who more than half INCLUDING THE HEAD OF THE IRS)
who owed YEARS OF BACK TAXES/CHEATS, anyone in hollywood, union bosses,or anyone with a democrat (last I checked biden is rich)/liberal attached to
In fact you hear or see on line at least once a week (and probably more) about GE but this is the FIRST ANYONE has pointed out beloved FB does THE
SAME THING AS GE.
So I conclude that we need to hold EVERYBODY/COMPANY to the SAME STANDARD OF SCRUTINY and shame if necessary.
We need a flat tax to acomplish this.
Lasty we all need to stop acting like self-centered children and open our eyes to what ALL OUR POLITICIANS are doing. We need to hold them accountable
IRREGARDLESS OF A D OR R IN FRONT OF THEIR NAMES. Judge them by WHAT THEY DO/DID not their words. Then keep them or get rid of them as necessary.
Untill be do the ONLY PEOPLE TO BLAME for what facebook has done (along with GE and others) is us.
Not the politicians, not the corporations, but the man/woman looking in the mirror.