Posted on 05/05/2006 1:35:32 PM PDT by RobFromGa
Let me get this straight, you are posting some nonsensical diatribe from this guy making money off the complexity of the current system (you can take the "2005-2006 Real Estate & Investment Federal Tax Update" online course for only $59.90!) as some indicator that the Flat Tax is complex? This guy would be out of business if the Flat Tax were implemented. He would say anything to keep us from switching.
Vern Hoven Tax Seminars
The bad news is that the accounting records necessary to fill in the postcard are still required,OMG! Businesses would have to do accounting!!!! THE HORROR!!!!
in some cases more burdensome than under present law.Complete and total BS.
Thought you'd like to know ;-)Thanks for the clarification!
For me, it's not about satisfaction about being right, it's about taking the steam out of the FairTax locomotive before it runs the economy into the ground. It's a long, slow slog, but we're making progress. It's especially hard when so many have invested so much emotion into a dangerous pipe dream like the FairTax. Here's my original post on the topic:
Can the NRST Really Reduce Consumer Prices by 20% to 30%?
Income tax has about as much to do with communism as lake trout have in common with bottled water.
Oh, and you're a liar.
I guess your eye skipped over number two.
What are your thoughts on Hamilton's words of wisdom in Federalist #21?
Wow. The defenders of the IRS are getting strident.
Someone must have upped their budget and staffing.
Now that HAS it's appeal!
I'm for the power of the purse: the Boycott. How does this make your point if you want to keep the current tax and withhold system?
If the farmer takes $1 out of his business as personal income, it's taxed. If the business makes $1 of profit beyond what he takes out as personal income, it's taxed.
Of course you have overlooked the fact that Congress defines what is allowed in business deduction to even get to the point of determining what is defined to be income to be taxed. The realm of creative tax preparation and loopholes, that are so profitable to the tax preparation and consultant business, lay in the supporting regulatory environment that goes with defining what is and is not allowed as business expense in the eyes of Congress and the IRS.
Indeed Vern Hoven is quite correct, and why the current system is the complex mess it is today.
It isn't the number of tax brackets or size of the final report card that makes for the complexity of an income tax system. It is the rules governing the separation of business expense from taxable income where the opportunity lay for an ever expanding tax code which the Flat Tax can do nothing to change.
The first implementations the income tax system were little more than what is claimed for the Flat Tax, the devil as always lay in the details, the ever expanding number of details to compensate for the creative accounting of those who thrive in the income tax preparation industry.
Theinherent problem with any income tax is always separating what Congress considers to be business expense from income to be taxed. The definition of business expense is not at the option of business, it is the neverending quest of the lobbiest interacting with the Congress critter setting the agenda of such definition and consequent growing plethora of regulation that goes with it.
The form a tax due is written on has little to do with what it takes to get there or establish the varacity and accuracy of what goes onto that form to which government holds the taxpayer accountable through audit and other intrusive measures employed by tax system administrators.
The elimination of K-Street - the buildings full of lawyers and "associations" that spend millions of dollars on politicians to buy favors that are easily doled out through tweaks in the tax code. Want to sell your hot water heaters? Get congress to allow tax credits for it.
Wouldn't it be better to eliminate all of that crap? NO tax lobbyists, just a progressive consumption tax.
You see why we can't take you seriously?
Fed 21 says that the government will live within what they are able to collext through taxes, and thus they are constrained somewhat by the will of the people in this regard.
The FairTax bill says we'll collect $X and adjust it upward each year automatically to support our predetermined spending level and we'll adjust the taxation rate to make it collect this amount of money.
There is no similarity between the two positions. Even a FairTaxer should be able to see that.
Yeah, it obviously bothered you and Rob a lot more than it did YN. So sorry my acccusation against another poster hurt your feelings.
Please provide us a list of all these special protections that the K street lobbyists have put in place for hot water heaters, etc.
Not really, it just showed again what an arrogant jerk you are. And intellectually bankrupt too when you have to make incorrect assumptions about other posters to try and rally your position.
(s)
BTW, when you were posting under the influence last night you messed up your tagline.
"Please provide us a list of all these special protections that the K street lobbyists have put in place for hot water heaters, etc.":
http://www.globaltowne.com/
Such a nice guy. BTW, how's the life insurance business?
Do you think the FairTax will get rid of special tax breaks for things the pols think are in their best interests-- like Energy Efficiency?
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