Term limits for Congress.Because they need more money to pay all the drivers that haul all our elected officials around.
Need to purge congress and start over.
73
Jeff
Why is the return counted as income when the tax was already paid on it?
Term limits for Congress.
You basically want all wealth to hop a jet to Puerto Rico or someplace with similar tax laws?The real question is why capital gains is taxed at a lower rate? Or why stocks, bonds, annuities aren’t counted against “property tax”. Stock sales not subject to sales tax. Etc. You “own” it a ten-thousandth of a second, you should pay state, local & federal tax on its highest value that day.
Let’s eliminate the capital gains tax and make ALL income subject to income tax. The 1959 code updated for inflation. Waive all who make under $250k annually.
And no more income ceiling on SS/FICA contribution . (Social Security will not ever go broke, in fact we could lower retirement ten years and raise benefits to something worthwhile).
Corporations paid 90% of federal expenditures in 1959. And
I think the only ideal is that Americans own their own businesses, farms, etc.
In the meantime, the earlier deal was the better deal.
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I agree 100%. The icing on the cake is them walking around the grocery store with 4 obese children and a cart full of junk food.So I realize this is not radio related but it does say tax refund in the title so I will continue off course and vent.
As a former tax preparer NOTHING is more frustrating then prepping a tax for a "single" mom w 3 kids that made 13xxx all year.. soaked every social system (Medicaid, food stamps, wick, govt housing, energy assistance, tantif...ect) get back a 9 k refund!! Total bullshit. The "earned" income tax credit is way out of hand and simply rewards people for poor life choices.
I'm not one to see kids starve and go homeless & w out health care and if they need the help then ok but then hold them accountable for the assistance. They DO NOT deserve these enormous tax returns. When you pay in less than 1000 but get back 8+ times that amount from tax credits.....wtf?...Where's the incentive to better yourself and rise up and make a better life for yourself and your kids... but then again the powers that be dont want that.. more reliance on the govt...more control..like sheep to slaughter.
These are just my opinions and if I offended anyone.... oh well. 73 and catch me ranting on the air sometime
You basically want all wealth to hop a jet to Puerto Rico or someplace with similar tax laws?
Corporations paid 90% of federal expenditures in 1959.