Posted on 12/02/2008 2:09:40 PM PST by SerafinQ
There is a proposal by the congressman from Tyler, TX, that would give Americans a break from federal income and social security taxes for the first two months of 2009.
Of course, I support any tax cut. However, there are a few things to think about here:
1. If two months without income taxes is a good thing, then why not 3 months, or 6 months, or a whole year...get the picture?
2. Cutting the SSI contributions for 2 months will accelerate the insolvency of the social security "entitlement". Although I am for the dismantling of this welfare program, I think that care needs to be taken so as not to lead to a crash of the system for the elderly that depend on it.
3. The liberals will oppose, obviously, because the tax breaks would take the money away from their corrupt buddies in corporate America and leave it in the capable hands of the people. Also, they know that if Americans get a taste of how much they would take home without federal taxes, there will be plenty of folks out there that will finally figure out how much the government takes from them.
Bummer, I was going to have a fire sale, convert everything to cash, and bury it in the back yard.
And I am not kidding.
Eliminate withholding and give everyone their full paycheck including the 7.5% their employer has to pay as well.
DO it for 3 Months and then require everyone to write a check for all their taxes that are usually withheld.
Then Move Income Tax Day to October 31st.
Watch how fast taxes come down.
You haven't seen the stuff I have. I have been in IT for 30 years and there are systems older than me running still. Try to zero the tax tables and you will have div/0 errors all over the place.
Your "40 dependents" doesn't zero the tax -- and it messes with MOAs and the like that are based on after-tax figures.
Dependents represent withholding, not tax assessed.
Trust me, I know of what I speak. I have installed HR and Financial systems for some of the largest companies in the world, as well as some very large government entities.
I’m in QA I’ve worked on financial software, I know quite well what’s out there.
There’s no need to zero out the table, 40 dependents would do it, dependents change the tax picture, both withheld and assessed. From the side of the company doing the pay they don’t need to worry about the final tax picture, that’s for the government to figure out.
Trust me, you’re wrong. I’ve helped design the software.
Yeah, actually I was working on financial software when he did the change in the tables. It was a bit of a pain in the ass but it wasn’t that tough, the biggest pain was to make sure all the clients had the new dll in place on time, the actual implementation wasn’t that tough.
Actually you could do it the exact same way as a tax table change, for time period X everybody’s tax table would land at zero. Not that tough at all.
I'm not in payrool, so I'll take your word for it, but I'd like to see if a few people in a position to run a qucik simulation on thier systems can check to see what results ar if they have zero out the FDI and SSI tables. I bet the congress would like to know as well.
Trust me, you’re wrong. I’ve helped design the software.
Your solution doesn't work. You design payroll software for 100,000+ employees across the globe? I have implemented them.
Like I said -- withholding isn't zeroing. Do you know anything about large scale ERPs at all? How many have you implemented and what vendor and platforms? How many home grown systems? How many lines of COBOL have you punched out on a card punch?
EVERY taxpayer can take a 12-month hiatus from taxes.
Read a tax form. Educate yourself about the tax deductions you’re eligible for based upon your income, family situation and the fact that it’s really NOT HARD to keep track of your receipts and to itemize on your tax form.
Invest as much as you can in pre-tax dollars such as IRA and 401Ks and medical slush funds at work. Live BELOW your means. Consume less and you won’t be paying in so much in sales tax each year to your state coffers.
And if you’re STILL too lazy to do this, hire a good tax wo/man who will do it for you. They are worth their weight in needless taxes paid!
Most years Mother Government returns a few dollars to me that I’ve accidentally over-paid. I’m human. *SHRUG*
WHY, OH, WHY are people GIVING Mother Government a tax-free loan for 12 months via THEIR hard-earned dollars? WHY do people pay in more taxes than they need to each year?
Mother Government COUNTS on us to be lazy and uneducated. It’s in HER best interest to bleed us dry. Quit letting money slip through your fingers.
Try it. The software doesn't expect zeros in many cases. It has a bottom level that doesn't get taxed, but that is sometimes hard coded.
I am in this business -- I wouldn't sign on for doing it in under a year. if you haven't implemented systems in a loarge scale or dealt with home grown systems with 100,000+ employees or more, your opinion is just an uneducated guess.
A "quick simulation" like you speak of for a large company could take 2 or 3 months.
whowas it that said that the people not be afraid of the government, but that government should fear the people?
I refuse to accept the notion that I need to maneauver and scheme to shelter MY earnings from the government. The government should get the OFF MY BACK!
regarless, that is no reason to refuse we the people a tax cut.
I’ve helped design and test and implement small companies are fun. And the fact is that you are quite simply WRONG. If you were right then Bush’s mid-year tax cut in 2001 couldn’t have worked, companies couldn’t have implemented it because it went into place only a few months after it got passed. If you have the experience you say then you were doing this then, and you know that what you’re saying would happen didn’t.
Any payroll software than can’t handle a tax table return of zero (which can already happen for many low paid workers) will have already failed in the field and have been replaced.
It’s at worst a midstream tax table change, something that’s been done recently, to that exact same software you’re saying can’t do it. You’re simply wrong.
This is what I do for a living. I do it very well. Some systems will handle it — some won’t.
As I said, most systems are home grown and will throw up.
And even then, prudent planning means you have to do a full test cycle. Do you know how much work it is to do a full test cycle (including quarter end, required reporting, year end, W2, etc.) for a company of 200,000 global employees?
You are talking a team of 30 or 40 for 6 months just to get the test done. QA is the very, very end of a very long process.
I have done it — I know of what I speak.
Tax cuts are just fine.
And small companies are just that. You kids can play all you want.
Do you know how many different tax tables even a small company of 25K or 30K takes? It is in the hundreds. Not rows — separate tables )(again, some systems).
And have you ever worked on a home grown system that requires a staff of programmers just to implement the tax changes every year?
Again, new tax rates are not the same as zero tax rates.
1. Because the government would go another $2 TRILLION in debt?
2. No, it wouldn’t. $350 Billion of the money borrowed for the bailout would be routed to the Treasury to use as revenue instead of our paychecks.
3. You are right. The very LAST thing liberals want is for people to control their own lives and money.
You can send you portion of the gimmick to me.
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