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Light on details...but he has another article with lots of tax raising ideas. "Six Fixes for the Tax Mess"

http://www.msnbc.msn.com/id/4661023/

1 posted on 04/05/2004 12:23:27 PM PDT by finnman69
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2 posted on 04/05/2004 12:24:57 PM PDT by Support Free Republic (Don't be a nuancy boy)
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To: finnman69
FYI, i'm getting back about $3K more than last year.
3 posted on 04/05/2004 12:29:49 PM PDT by finnman69 (cum puella incedit minore medio corpore sub quo manifestus globus, inflammare animos)
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To: finnman69
If Bush gets what he wants, the income tax will become a misnomer—it will really be a salary tax. Almost all income taxes would come from paychecks—80 percent of income for most families, less than half for the top 1 percent. Meanwhile taxpayers receiving dividends, interest and capital gains, known collectively as investment income, would have a much lighter burden than salary earners—or maybe none at all.

So double-taxing is better? This guy's a piece of work. He also thinks the estate tax is a good thing, because it keeps people from getting too rich.

5 posted on 04/05/2004 12:39:25 PM PDT by Mr. Bird (Ain't the beer cold!)
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To: finnman69
I just did my taxes using commercial software (Tax Cut)--it clearly showed me that the new lower tax rates and elimination of the marriage penalty saved me in excess of $400.
7 posted on 04/05/2004 12:41:06 PM PDT by The Great RJ
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To: finnman69
Won't argue that our tax system is too complex and I would support simplifying it-- flat tax if possible.

BUUUUUT!!!!

I just had my taxes done on Saturday and I am getting an unprecedented (for me) refund.

I made $93,000 this year and my wife, who usually works as a school teacher and earns about $45,000 stayed home this year with our new baby daughter.

Child tax credit, 2 dependents and we bought a small piece of property in Washington state adds up to a $10K refund!

I am so stoked!

The libs would call us the "evil rich" but we're going to take our $$$ and pay for the kitchen remodel we've been waiting 8 years to be able to afford.

Pump that money right back into the economy.

Suckers.
8 posted on 04/05/2004 12:41:19 PM PDT by agooga
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To: finnman69
I ran this year's numbers through last year's tax tables - $1000 less this year.
10 posted on 04/05/2004 12:47:40 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: finnman69
For millions of Americans who do their own taxes, the workload has vastly increased because so many of us have to fill out a second return, using a whole different set of calculations, to see if we've fallen prey to the alternative minimum tax.

So the AMT is Bush's fault? America deserves this mess for adopting, and thus far failing to rescind, the 16th amendment.

11 posted on 04/05/2004 12:55:39 PM PDT by Gunslingr3
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To: finnman69
Spending cuts????
12 posted on 04/05/2004 1:41:50 PM PDT by The Raven
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