Posted on 09/11/2006 2:38:16 PM PDT by witchypooy
Let the flame begin.
Interesting calculator. It's about a wash for me.
I'm self employed and it's a really big savings for me.
My taxes would go up.
Forget Fair Tax. It's useless until they enact Sane Spend.
This is about the fifth or sixth time you've posted this.
My taxes would go up also.
I'm single and this calculator reduced my taxes by a considerable amount. This doesn't make sense. It gives me a net overall tax rate of 10.79%.
My taxes would go up too.
No flame from me. The ultimate taxpayer is the consumer anyhow. Many of whom have no clue as to what they are paying in taxes. Ask a guy on the street who thinks his salary is 50k and he can't figger out why his check isn't 1k a week.
Tell me about it..Right now I drive a taxi but before that I ran my own business and I swear I could write a 1000 book encyclopedia on all the absolute living effin` f-ing hell I went though with the IRS through the years, you just would not believe it in a million years.
Just to give you one example, thanks to an error on part of a psycho accountant one year, the IRS for about 8 months insisted I owed them about $400k!!! I was literally preparing myself for a long jail term until thank God they finally cleared it up through a lawyer, and that is just ONE example.
Then after the biz failed and I found out I could only claim a $3k loss per year, that led directly to bankruptcy (which does not clear an IRS debt by the way. The IRS does not care if you are living in the gutter collecting quarters, they want their money!) which led to where I am now. Driving a bunch of whiny liberals around 12 hours a day. I got my debt down to about $4k now, but to get to this point has basically destroyed my life.
Lesson #1 NEVER ever ever ever quit your job and use your entire 401k to start a business!
Lesson #2 NEVER ever ever ever trust someone to do your taxes! YOU are the one ultimately responsible and the one the IRS will come after.
Lesson #3..NEVER ever ever ever ignore the IRS!
Duplicate thread.
http://www.freerepublic.com/focus/f-news/1483768/posts
Try buying a car, or a home, or a new appliance as a retired person on a fixed income under the FairTax. Or how about the special costly purchase by the poor? It is the immediate hit that will hurt. And think the price of the product will come down because of the savings the manufacture will experience. BS. Business will just keep the price the same, and there is no incentive to reduce anything. Greed will rule.
Sounds like you are just being held responsible for your actions, and lack of preparation to me.
If you screwed over the FairTax collection authorities by not remitting the proper paperwork and monies, I'm sure they'd want their money too. And they would use the same tactics to collect.
Why should the IRS care if you are living in a gutter? If you owe back taxes, you owe back taxes. You sound like a liberal.
such civility!
Oh believe me, I blame myself 100000%!!! I SHOULD be living in the gutter but the IRS gave me a break. When my biz went downhill I turned to drink which made it 1000 times worse, I ignored them "Oh let me get drunk and they will go away". Then they took control of my bank account, garnished my wages, basically held me by the throat and destroyed me. All I`m saying is if it was made a lot easier, I probably would not have been thrown into that mess. What started me downhill was my pyscho accountant (who is now in jail) who thought it was funny to put down I made $4 million in one year instead of $40,000. If it was easier I would have never used an accountant, but you tell me how anyone has the time to spend 3 gazillion hours going through all that paperwork and reciepts.
And please, do not call me a liberal. You just gave me the ultimate insult. That`s like calling me a pedophile.
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