TAX PING
Posted on 02/08/2005 4:29:41 PM PST by concretebob
Edited on 02/08/2005 4:58:30 PM PST by Admin Moderator. [history]
WASHINGTON -- Asked when he was near death to name things he regretted not doing, Andrew Jackson said: ``I didn't shoot Henry Clay, and I didn't hang John C. Calhoun.'' President Bush, who seems determined to leave office with nothing undone -- except, maybe, horsewhipping Harry Reid -- vows to transform not only Social Security but the hydra-headed tax code.
(Excerpt) Read more at townhall.com ...
TAX PING
GWB is the biggest tax cutter since RWR. A reform of the tax code would be a feather in his hat.
Agreed, but the system has become such a monster, it's going to be hard to kill.
This year, battles seem to be scheduled over S.S. reform, tort reform, budget and (likely) judical nominees.
I suspect tax simplication and trim will be first on the agenda next year right in time for the '06 midterms. '02 is remembered for the vote on the Iraq resolution but in truth that was only half the issue that election. Tax cuts were of equal importance.
Having experienced success on a campaign partly run on foreign policy, partly on taxes, my belief is that the President is going to rely on the same formula only raise the stakes.
I do agree with Will that stressing simplification will strike a more resounding chord, especially if he begins this battle in his next SOU heading forward to Tax day.
I remember the last "Paperwork reduction act" back in the 80's/early 90's that required six additional forms to be filled out (for disposal of "hazardous" waste>).
FORGET "simplifying" the paperwork re Fed Inc Tax...
ABOLISH!!! the IRS!!!
start by taking all taxes off the telephone. this will help the "little guy" the most.
Democracy and Social Security
If people were to decide the future of Social Security, the US government would go bankrupt pretty soon!
"A democracy is not a form of government to survive. For it will only succeed until its citizens discover they can vote themselves money from the Treasury, then they will bankrupt it."
Social Security is doomed to failure, and Bush is our only hope!!
FMCDH(BITS)
"ABOLISH!!! the IRS!!!"
Great idea! Here are some other things we can do to it!
Main Entry: abolish
Part of Speech: verb
Definition: eliminate
Synonyms: abate, abrogate, annihilate, annul, call off, cancel, defeat, destroy, disestablish, dissolve, do away with, eliminate, end, eradicate, erase, expunge, extinguish, extirpate, finish, inhibit, invalidate, kill, negate, nix, nullify, obliterate, overthrow, overturn, prohibit, quash, repeal, repudiate, rescind, revoke, scrub, set aside, squelch, stamp out, stop, subvert, supersede, suppress, terminate, undo, vacate, vitiate, void, wipe out, zap, ZOT
(OK, I added ZOT.)
Knowing LOL...
hard to kill if one tries to do it politely.
somehow, I get the feeling Dubya will not attempt to be polite about it. I'm thinking "Alex and the gordian knot"
and I look forward to the wails from the washington establishment as the monster gets hacked asunder.
it needed to be added.
Not if you go around the Rats and RINO's and lying press the way he is with Social Security.
I say let it fail. Just like Medicare.
Get an internet phone, only a 3% excise tax....
NeverGore :^)
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John Linder in the House(HR25) & Saxby Chambliss Senate(S25), offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
GWB is the biggest tax cutter since RWR. A reform of the tax code would be a feather in his hat.
Indeed, but the key is making those cuts permanent and locked in before any additional reforms!!!!! Right now rates are set to phase out across 10 years.
But for now, refer Tax Freedom Day 2004 PDF http://www.taxfoundation.org/sr129.pdf
|
Total Effective Tax Rates by Level of Government |
|||
| Year | Federal | State | Total |
| 1997 | 21.8% | 10.3% | 32.1% |
| 1998 | 22.4% | 10.4% | 32.8% |
| 1999 | 22.5% | 10.4% | 32.9% |
| 20000 | 23.1% | 10.4% | 33.5% |
| 2001 | 22.2% | 10.5% | 32.7% |
| 2002 1 | 19.7% | 10.2% | 29.2% |
| 2003 2 | 18.5% | 10.1% | 28.6% |
| 2004 3 | 17.9% | 10.0% | 27.9% |
| Notes: Leap day is omitted to make dates comparable over time. Since depreciation is not available to pay taxes, GDP is an overstatement of spendable income for the purpose of measuring tax burdens. Depreciation is netted out of NNP. 0 Last year of Clinton administration when the HR25(Fair Tax Act) rate was estimated 1 Economic Growth and Tax Reform Reconciliation Act of 2001 Sources: Office of Management and Budget; Internal Revenue Service; Congressional Research Service; National Bureau of Economic Research; Treasury Department; and Tax Foundation calculations. |
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