Posted on 06/29/2018 3:28:31 PM PDT by Innovative
The GOP's long-promised change is an offshoot of a tax overhaul last year that cut corporate rates and winnowed down the number of individual tax brackets.
On Friday, the Treasury Department and IRS unveiled the new postcard, which will replace the current forms 1040, 1040A and 1040 EZ.
(Excerpt) Read more at cnbc.com ...
The Victory Tax, and everyone should also read it’s companion article from Vanity Fair:
Taxes for Revenue are Obsolete by Beardsley Ruml, Chairman of the Federal Reserve.
http://www.tax-freedom.com/Revenue%20Taxes%20Obsolete.pdf
In fact, the following excerpt should be put above line 1 income on the new tax form.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."Justice John Marshall, Gibbons v. Ogden, 1824.
Patriots need to give Pres. Trump as much of a new Congress as they can in the 2018 midterm elections, new Trump-supporting, state sovereignty-respecting patriot lawmakers that will stop appropriating taxes for things that Congress cannot justify under its Section 8-limited powers.
And to put a permanent stop to unconstitutional federal taxes, patriots need to support Trump in leading the states to repeal the 16th and ill-conceived 17th Amendments.
Amazing! The Trump Administration did what other Republicans have only promised for generations without delivering. They simplified tax filings!
I will complete a more complicated filing, but I won’t whine and complain about it. The Trump Administration is doing many great things!
Bet you are correct. I think they sent out such mailings.
It can’t be fixed as long as income is taxed.
Too many people get income from sources other than W2 employers.
The most efficient approach would be a national sales tax with simultaneous elimination of all income taxes.
Most states, 48 I think, already have the collection mechanism in place.
No one will ever have to report how much they earn and no more filing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.