How to add $600 billion a year in IRS collections

Discussion in 'Politics' started by healthmyths, May 6, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    Go to this site:
    What are the largest tax expenditures?

    See how without RAISING ANY tax rates on ANYONE
    These are the Deduction that government ALLOWS tax payers to subtract from taxes
    AMOUNT in 2008 tax returns:

    1) Exclusion of employer medical insurance premiums and medical care $131 billion
    2) Net exclusion of pension contributions and earnings $117.7
    3) Deductibility of mortgage interest on owner-occupied homes $88.5
    4) Accelerated depreciation of machinery and equipment $55.9
    5) Deductibility of nonbusinees state and local taxes $49.1
    6) Deductibility of charitable contributions $46.8
    7) Deferral of income from controlled foreign corporations $31.5
    8) Capital gains exclusion on home sales $30.0
    9) Deductibility of State and local property tax on owner-occupied homes $29.1
    10) Child credit $28.4
    11) Capital gains (except agriculture,timber, and coal) $24.2
    12) Step-up basis of capital gains at death $21.5
    Total of $653.7 billion
     
  2. Sunshine
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    Sunshine Trust the pie. Supporting Member

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    On the other hand, government could just stop pissing away our money!
     
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  3. SniperFire
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    SniperFire Senior Member

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    What most people don't get is the problem is uncontrolled spending and growth of the Federal government.

    The Federal government has almost doubled from the $2.1 trillion we spent at the beginning of the Bush Administration to the $3.9 trillion today.
     
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  4. healthmyths
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    healthmyths Gold Member Supporting Member

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    I don't disagree!
    When the USA backs a $2 billion Export-Import Bank to Brazil and then obama says the USA will be Brazil's best customer??? HoW f...king stupid!
    So not only does he take $2 billion out of USA Treasury to back the loan to buy equipment to develop Brazil's oil so the USA CAN BUY Brazilian OIL!

    These village idiots NOT only take tax money BUT INSURE reduced Federal Tax income form USA oil development companies that are PAYING the taxes to develop Brazilian OIL!
     
  5. healthmyths
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    healthmyths Gold Member Supporting Member

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    Also I want YOU conservatives that STILL contend "Bush spent like a drunken sailor.."
    That "Clinton surplus"??? GONE because the dot.com bust cost the USA budget nearly $166 billion!
    $5 trillion in dot.com losses! Was that Bush's fault?
    Then do you conservatives remember 9/11??? Was that Bush's fault?
    Cost nearly $2 trillion in losses which means nearly $66 billion in lost tax revenue
    Finally do you conservatives KNOW that the worst hurricane seasons in history occurred and it definitely WASN"T Bush's fault... YET that costs $1 trillion or another $33 billion in LOST TAX revenue which combined with above losses nearly $300 billion in LOST TAX REVENUE!

    All the above events occurred and were NOT Bush's fault.. YET you conservatives especially seem to totally IGNORE the obvious fact if $300 billion is NOT being PAID that means less money!
    Then as far a "drunken sailor spending"???
    $600 billion for Homeland security totally UNPLANNED for at Bush's beginning!
    $600 billion for Liberation of IRAQ because we had traitors LIKE Obama encouraging terrorists to continue the Liberation of Iraq far beyond the military accomplishment done in may 2003!
    The liberation was completed.. BUT when Obama calls our troops civilian killers, Kerry calls our troops "terrorists", Durbin says our troops are worse then the Nazis... well don't you think for one minute the enemy USES these words as encouragement to killings?
     
  6. Douger
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    Douger BANNED

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    Bullshit.
    Create a 15% tax on all Jheri curl products sold in The Fallen M-pyre. Problem over.:eusa_shhh:
    Troo dat !
     

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