|
|
Post by aztec70 on Jun 20, 2014 21:53:07 GMT -8
|
|
|
|
Post by aztecwin on Jun 21, 2014 8:24:38 GMT -8
Do you notice how the three dunces from CBS try to steer the conversation? Lloyd Blankfein sees the problem as you do, but his solution is growing the pie. It is not redistribution in the same sense as most liberal idiots.
|
|
|
|
Post by aztec70 on Jun 21, 2014 14:37:00 GMT -8
Do you notice how the three dunces from CBS try to steer the conversation? Lloyd Blankfein sees the problem as you do, but his solution is growing the pie. It is not redistribution in the same sense as most liberal idiots. My sense of redistribution is stop the tax break for carried interest and dividends. I would make long term capital gains holding period 10 years. These tax breaks for the mostly wealthy come at the expense of those that earn ordinary income. That policy punishes the people that work and rewards those that don't. |
|
|
|
Post by aztecwin on Jun 22, 2014 5:42:59 GMT -8
Do you notice how the three dunces from CBS try to steer the conversation? Lloyd Blankfein sees the problem as you do, but his solution is growing the pie. It is not redistribution in the same sense as most liberal idiots. My sense of redistribution is stop the tax break for carried interest and dividends. I would make long term capital gains holding period 10 years. These tax breaks for the mostly wealthy come at the expense of those that earn ordinary income. That policy punishes the people that work and rewards those that don't. You make my point. |
|
|
|
Post by aztec70 on Jun 22, 2014 7:40:45 GMT -8
My sense of redistribution is stop the tax break for carried interest and dividends. I would make long term capital gains holding period 10 years. These tax breaks for the mostly wealthy come at the expense of those that earn ordinary income. That policy punishes the people that work and rewards those that don't. You make my point. You do understand that those tax breaks redistributes money upwards. That was a policy decicion. You act as if lower tax rates on the gains of capital is some sort of act of nature. It was an act of Congress. |
|
|
|
Post by 78aztec82 on Jun 22, 2014 8:12:08 GMT -8
The government shouldn't be in the business of redistributing wealth up or down. Rather, it should be setting conditions for wealth development and a fertile business climate for small, medium and large businesses. An engine, not a distributor, if you may.
Sent from my SM-G900V using proboards
|
|
|
|
Post by aztecwin on Jun 22, 2014 8:22:26 GMT -8
You do understand that those tax breaks redistributes money upwards. That was a policy decicion. You act as if lower tax rates on the gains of capital is some sort of act of nature. It was an act of Congress. You do understand that tax policy is written by politicians mainly to serve their own interests which may or may not align with good public policy. This entire conversation is a blaring call for some sort of flat tax to level the playing field for all. Maybe we should just eliminate the IRS and go to a consumption tax. |
|
|
|
Post by aztec70 on Jun 22, 2014 15:26:56 GMT -8
You do understand that those tax breaks redistributes money upwards. That was a policy decicion. You act as if lower tax rates on the gains of capital is some sort of act of nature. It was an act of Congress. You do understand that tax policy is written by politicians mainly to serve their own interests which may or may not align with good public policy. This entire conversation is a blaring call for some sort of flat tax to level the playing field for all. Maybe we should just eliminate the IRS and go to a consumption tax. How does raising sales taxes address income inequality? If you want to discuss only one tax rate, or a national sales tax, again, please start new threads. |
|
|
|
Post by aztecwin on Jun 22, 2014 19:42:07 GMT -8
You do understand that tax policy is written by politicians mainly to serve their own interests which may or may not align with good public policy. This entire conversation is a blaring call for some sort of flat tax to level the playing field for all. Maybe we should just eliminate the IRS and go to a consumption tax. How does raising sales taxes address income inequality? If you want to discuss only one tax rate, or a national sales tax, again, please start new threads. This one will do. Anytime someone talks income redistribution it is time to talk about a level playing field and steps that could be taken in that direction. |
|
|
|
Post by aztec70 on Jun 22, 2014 23:55:46 GMT -8
How does raising sales taxes address income inequality? If you want to discuss only one tax rate, or a national sales tax, again, please start new threads. This one will do. Anytime someone talks income redistribution it is time to talk about a level playing field and steps that could be taken in that direction. We are having income redistribution already. The income is going upwards. Some of it is due to government tax policys. You speak of a level playing field, I do too. There should not be lower tax rates for the earnings of capital vs. the income of labor(that includes pensions) and land. That would be a level field. |
|
|
|
Post by aztecwin on Jun 23, 2014 10:27:06 GMT -8
This one will do. Anytime someone talks income redistribution it is time to talk about a level playing field and steps that could be taken in that direction. We are having income redistribution already. The income is going upwards. Some of it is due to government tax policys. You speak of a level playing field, I do too. There should not be lower tax rates for the earnings of capital vs. the income of labor(that includes pensions) and land. That would be a level field. A flat tax or a three tiered fair tax with no loopholes would be fine with me. It would hurt me, but that would be fine. A consumption tax would be fine as well. Anything to cut down the size of IRS and make it so were could file on a post card would be fine with me. |
|
|
|
Post by aztec70 on Jun 23, 2014 10:34:02 GMT -8
We are having income redistribution already. The income is going upwards. Some of it is due to government tax policys. You speak of a level playing field, I do too. There should not be lower tax rates for the earnings of capital vs. the income of labor(that includes pensions) and land. That would be a level field. A flat tax or a three tiered fair tax with no loopholes would be fine with me. It would hurt me, but that would be fine. A consumption tax would be fine as well. Anything to cut down the size of IRS and make it so were could file on a post card would be fine with me. How would you file a Sced. D, Sced. C, or a Sced. E, on a post card? Give that some thought and get back to us. |
|
|
|
Post by aztecwin on Jun 23, 2014 13:21:23 GMT -8
A flat tax or a three tiered fair tax with no loopholes would be fine with me. It would hurt me, but that would be fine. A consumption tax would be fine as well. Anything to cut down the size of IRS and make it so were could file on a post card would be fine with me. How would you file a Sced. D, Sced. C, or a Sced. E, on a post card? Give that some thought and get back to us. There would be none. |
|
|
|
Post by aztec70 on Jun 23, 2014 13:48:00 GMT -8
How would you file a Sced. D, Sced. C, or a Sced. E, on a post card? Give that some thought and get back to us. There would be none. Why? |
|
|
|
Post by aztecwin on Jun 23, 2014 14:21:20 GMT -8
All income reported the same way and tax at the same rate. You just input total income, tax withheld if any and Tax owed or refund amount. Want to keep a couple deductions like mortgage interest and it could be added. When I see how Turbo Tax can import and verify your taxable transactions, I see no problem for computerized integration within a system. I can even see how a system could be designed so that you would not even have to file. Tax would be with held at the source. Would there be lots of bumps? Yes! How would we make it so munis were still viable? Just don't report the income. Lots of ideas to build on unless you can only see a problem with the death or sharply downsized IRS and the end of some tax collection and preparation jobs. |
|
|
|
Post by aztec70 on Jun 23, 2014 15:17:00 GMT -8
All income reported the same way and tax at the same rate. You just input total income, tax withheld if any and Tax owed or refund amount. Want to keep a couple deductions like mortgage interest and it could be added. When I see how Turbo Tax can import and verify your taxable transactions, I see no problem for computerized integration within a system. I can even see how a system could be designed so that you would not even have to file. Tax would be with held at the source. Would there be lots of bumps? Yes! How would we make it so munis were still viable? Just don't report the income. Lots of ideas to build on unless you can only see a problem with the death or sharply downsized IRS and the end of some tax collection and preparation jobs. you last sentence is just smack so I will ignore it. Your system would be fine for people with just a W-2 or 1099-R. You do not address the issue of Sced. C or Sced E. FYI, I do about 25 or 30 audits a year for people that have prepared their own tax returns using Turbo Tax. Have been doing so for years. Only one has been correct. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 23, 2014 17:32:27 GMT -8
of course not! He's the definition of a crony. He's a Remora. He owes his very existence to government. That's why he will do and say anything....ANYTHING... his masters tell him to. |
|
|
|
Post by aztec70 on Jun 23, 2014 17:35:23 GMT -8
of course not! He's the definition of a crony. He's a Remora. He owes his very existence to government. That's why he will do and say anything....ANYTHING... his masters tell him to. Oh, okay, whatever you say. |
|
|
|
Post by aztecwin on Jun 24, 2014 12:23:48 GMT -8
All income reported the same way and tax at the same rate. You just input total income, tax withheld if any and Tax owed or refund amount. Want to keep a couple deductions like mortgage interest and it could be added. When I see how Turbo Tax can import and verify your taxable transactions, I see no problem for computerized integration within a system. I can even see how a system could be designed so that you would not even have to file. Tax would be with held at the source. Would there be lots of bumps? Yes! How would we make it so munis were still viable? Just don't report the income. Lots of ideas to build on unless you can only see a problem with the death or sharply downsized IRS and the end of some tax collection and preparation jobs. you last sentence is just smack so I will ignore it. Your system would be fine for people with just a W-2 or 1099-R. You do not address the issue of Sced. C or Sced E. FYI, I do about 25 or 30 audits a year for people that have prepared their own tax returns using Turbo Tax. Have been doing so for years. Only one has been correct. Maybe, maybe not, but I will bet if true and you are good at your job you could lay out a simple system. It might be that for folks using "Quick Books" or something for their business, they could import the bottom line to their one page return. The schedules are the back up and not the return. Not good enough? OK, give the IRS a single entry that is a link to your Schedule C from your business or E from your RE venture. They want to question you it would not even cost them a stamp or you a worry about opening a letter from IRS. The present tax system is a night mare and not needed. |
|
|
|
Post by aztec70 on Jun 24, 2014 13:09:40 GMT -8
you last sentence is just smack so I will ignore it. Your system would be fine for people with just a W-2 or 1099-R. You do not address the issue of Sced. C or Sced E. FYI, I do about 25 or 30 audits a year for people that have prepared their own tax returns using Turbo Tax. Have been doing so for years. Only one has been correct. Maybe, maybe not, but I will bet if true and you are good at your job you could lay out a simple system. It might be that for folks using "Quick Books" or something for their business, they could import the bottom line to their one page return. The schedules are the back up and not the return. Not good enough? OK, give the IRS a single entry that is a link to your Schedule C from your business or E from your RE venture. They want to question you it would not even cost them a stamp or you a worry about opening a letter from IRS. The present tax system is a night mare and not needed. Maybe, maybe not? What does that mean? |
|
