HR 3962: IRS can disallow a perfectly legal tax deduction if they deem your motive is wrong

Select Democratic members of the 111th Congress ^ | 10/29/2009 | Committee of Secret Congress People

[RushingWater]

As

[bamahead]

So now the IRS claims to be able to read minds and determine intent?!? Charities will suffer.



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[dalereed]

There’s nothing fair about your fair tax, it’s a renaming of sales tax!!!

[PugetSoundSoldier]

Mine came here 100 years ago in search of a better life... Looks like I may need to permanently go back overseas in search of that life, yet again!

[mo]

Th question of a “reverse American diaspora” is interesting. america is extremely heterogenous..and traditionally has been held together by the promise of opportunity...based on ready and equal access to cheap energy and food. Our Congress and burocracy appears to be deliberately trying to bind us by eliminating both.

[Man50D]

There’s nothing fair about your fair tax, it’s a renaming of sales tax!!!

The concept it's a national sales tax has not exactly been hidden. Note my original post referring to it as a national sales tax.

[dalereed]

I think the idea of a sales tax stinks!

I’ll take the income tax with it’s thousands of ways to avoid taxes any day.

Anhyone doesn’t want to read the tax code and use its multitude of tax avoidance ways deseves to be burned!

[Tellurian]

Where do you find support for a “Fair Tax”? The baby boomers, with savings that has already been taxed, will get taxed again, so count them out as supporters. The younger generation, who aren’t yet in the upper tax brackets, would quickly be bumped up into the universal “fair” tax bracket and get burned. That leaves the middle third to maybe, just maybe, like the idea. I can’t see where you’ll get enough support.

[PugetSoundSoldier]

Th question of a “reverse American diaspora” is interesting. america is extremely heterogenous..and traditionally has been held together by the promise of opportunity...based on ready and equal access to cheap energy and food. Our Congress and burocracy appears to be deliberately trying to bind us by eliminating both.

Yep. The fact that some in this thread had their ancestors come here 400+ years ago, and others (like me) are 2nd generation Americans shows that "being American" isn't so much about race or history, but creed. And that is something that can transit to other countries as needed.

America isn't just a physical locality, for someone who's only been "inside" the US for 5 years can become an American (naturalized). It's an idea and a creed and approach to life. It will always exist, but perhaps not within the geographic bounds of the United States of America, if the current Administration and Congressional leadership have anything to do about it!

[Gondring]

So you like the government telling you how to spend your money and what to do with your life (since they’ll fine you—i.e., charge you more taxes—if you don’t do what they prefer)?

[Gondring]

Besides, with a "Progressive" income tax, the left can keep the little guy from having any chance at improving his lot.

A wealth-based tax is far more fair than an income-based tax.

[MediaMole]

The Rats are just going to wait out the Bush tax laws and let the rates go back where they were.

[dalereed]

The tax code before 1986 allowed me to not pay any taxes from 74-90 which were my highest income years, all above $100,000.

before the 86 “Tax Simplification Act” which wasn’t totally phased in until 1990, as far as i’m concerned the IRS tax code is 1800 pages telling you how not to pay income taxes.

The only reason that I paid taxes before 74 was I didn’t get totally pissed off until in 73 I had to write a check for $18,000 at the end of the year.

I took out the tax code and figured out how to not pay income taxes.

[steveab]

“I think the idea of a sales tax stinks!”
“I’ll take the income tax with it’s thousands of ways to avoid taxes any day.”

Interesting, very interesting indeed. Very time you spend a dollar, a portion of that dollar goes to pay all for payroll taxes, companies income taxes and other hidden taxes all the back to turning a natural resource into a product and all the service industries related to that product. That amounts to about $.50 on the dollar. If you want to avoid paying taxes, stop spending.

[dcwusmc]

Be wary of strong drink, for it can cause you to shoot at tax collectors-— and MISS...

Shooting tax collectors is an honorable American tradition. Pass it on to your children and grandchildren, unto the fifteenth generation!!!

(I think the first is Heinlein and the second started out as his til I modified it, filed off the serial numbers and claimed it for mine!)

[Man50D]

I’ll take the income tax with it’s thousands of ways to avoid taxes any day.

Karl Marx would be happy to hear you like a heavy progressive tax on income. It is one of the planks in his Communist Manifesto. He understood a gradual increase on taxing productivity will eventually discourage people from working and turn to the state for dependence.

Your overall tax burden will be less with The Fair Tax than the current income tax since all the embedded taxes in everything we buy will be eliminated not to mention more money in you paycheck.

[Man50D]

Where do you find support for a “Fair Tax”?

Click on either one of the Fair Tax icons in my first post to find out.

The baby boomers, with savings that has already been taxed, will get taxed again, so count them out as supporters.

You have it 180 degrees backwards. Baby boomers, along with everyone else, are being taxed multiple times with every purchase thanks to embedded corporate income taxes passed onto the consumer by businesses at each stage of production. The Fair Tax will remove those taxes by eliminating all federal income taxes and tax only once at the point of sale. Boomers will not be taxed on any investments or savings since income will not be taxed.

The younger generation, who aren’t yet in the upper tax brackets, would quickly be bumped up into the universal “fair” tax bracket and get burned.

There will be only one tax bracket with The Fair Tax. Everyone will have the same rate imposed at the point of sale.

I can’t see where you’ll get enough support.

Then you haven't been paying attention. More than a million people have signed petitions to support The Fair Tax. The American Farm Bureau and the National Tax Payers Union have endorsed The Fair Tax. The number of cosponsors has increased with each session of Congress since The Fair Tax was first introduced in 1999 to the point in the last session of Congress there were 76 cosponsors.

[MaxMax]

I cannot think of one reason for a deduction that could be deemed wrong.
This must be selective reasoning.

[dforest]

One of the most difficult things to prove is intent. I can just imagine how easy it will now be for the IRS to prove intent.

There will be no end to this tyranny until DC is swept clean.

[Man50D]

Besides, with a "Progressive" income tax, the left can keep the little guy from having any chance at improving his lot.

You're ok with being controlled?

A wealth-based tax is far more fair than an income-based tax.

Wealth is a factor with The Fair Tax. People spend more as their income rises. The more they spend, the more they will pay in taxes. High income earners will be taxed the most since they tend to purchase more big ticket items than lower wage earners.

[FreedomPoster]

Also the first quote on my FR profile page.