Warren introduces bill to make filing taxes easier

You want to simplify taxes?

Ban tax expenditures. Done!
 
Since the advent of computer program tax preparation, I can do taxes in a matter of minutes, instead of hours......
 
USA.INC doesn't need our income tax which is a good thing because it doesn't go there anyway. It is paid to the shareholders of the Federal Reserve Banking thieves that extend created created out of thin air. It is modern day slavery and nothing more.
 
Bullcrap. It massive pain. More than one job? Married/joint seperate? W2's copies forever? Deductions? Type jn 25 digit employer ID? State on and on. Forms? don't evdn get started on new heakth care crap, got a HSA? 75K psges trickx gimicks to rob u, they just added 2000 more. Massive pain annually.
 
You want to simplify taxes?

Ban tax expenditures. Done!
Why in the world would you want to do that? You are obviously not a business owner.
Tax expenditures are government gifts. Wealth transfer. They cause higher tax rates.

Ban tax expenditures, and EVERYONE can pay lower tax rates.

There would also be the serendipitous side effect of campaign finance reform. If a politician can't put a special interest carve out in the tax code, that special interest will have no incentive to bribe him to do so.

And we would no longer have the insane system of entities who earn identical incomes paying radically different amounts of taxes.

And everyone would be able to fill out their taxes on a postcard. No need for TurboTax or Jackson Hewitt or H&R Block.
 
You want to simplify taxes?

Ban tax expenditures. Done!
Why in the world would you want to do that? You are obviously not a business owner.
Tax expenditures are government gifts. Wealth transfer. They cause higher tax rates.

Ban tax expenditures, and EVERYONE can pay lower tax rates.

There would also be the serendipitous side effect of campaign finance reform. If a politician can't put a special interest carve out in the tax code, that special interest will have no incentive to bribe him to do so.

And we would no longer have the insane system of entities who earn identical incomes paying radically different amounts of taxes.

And everyone would be able to fill out their taxes on a postcard. No need for TurboTax or Jackson Hewitt or H&R Block.
Eliminating loopholes that don't make sense is one thing but all expenditures makes no sense. If I take in 100K in income but have 80K in expenses, you think I should pay taxes on 100K over 20K? That would put many small businesses and independent contractors out of business... Beyond basic deductions, an example of a beneficial credit would be the R&D Tax credit which gives a 20% credit to all expenditures that are for development purposes, which incentives businesses to invest in product development. This funds jobs and the development of innovative products. The credit can also be applied towards labor costs for small businesses making less than 250K a year. There are many many many other examples how tax expenditures and deductions help both individuals and business owners.

Please explain how you think eliminating these expenditures would help our businesses or economy, I don't see it?
 
Small business owners shouldn't have to pay ANY tax on any profit they make. USA.INC, our de-facto composite "gubermint" is sitting on more than 145 TRILLION dollars in wealth and take in more money in dividends from their investments (home and abroad) than the ENTIRE GDP pf the private sector. It's all in the Comprehension Annual Financial Reports which is the holy grail of explaining where the money comes from, where it goes, what assets they currently hold. I found out that the State of Texas.INC was sitting on a trillion dollars in surplus just themselves and that doesn't include the other cities, counties and towns that also skim off the top and invest it. We have been MASSIVELY scammed.
 
go get em grandma. she actually looks like my actual grandma.

Warren introduces bill to make filing taxes easier
Get rid of the income tax, it's unconstitutional anyway...
I disagree... I'd lower the business taxes and income taxes on lower income individuals (under 100K) then I'd tax the shit out of the top earners, both on income and property... Go ahead, have fun with the insults... the income inequality in this country is getting ridiculous and something needs to be done about it.
 
go get em grandma. she actually looks like my actual grandma.

Warren introduces bill to make filing taxes easier
Get rid of the income tax, it's unconstitutional anyway...
I disagree... I'd lower the business taxes and income taxes on lower income individuals (under 100K) then I'd tax the shit out of the top earners, both on income and property... Go ahead, have fun with the insults... the income inequality in this country is getting ridiculous and something needs to be done about it.
Income tax punishes success...
 
go get em grandma. she actually looks like my actual grandma.

Warren introduces bill to make filing taxes easier
Get rid of the income tax, it's unconstitutional anyway...
I disagree... I'd lower the business taxes and income taxes on lower income individuals (under 100K) then I'd tax the shit out of the top earners, both on income and property... Go ahead, have fun with the insults... the income inequality in this country is getting ridiculous and something needs to be done about it.

Then shouldn't we re-instate the organic Constitution and insist that the "gubermint" get out of the investing business? I mean, they are the majority shareholders in every Fortune 500 corporation and their subsidiaries....isn't that a conflict of interest? I believe it is. How can "gubermint" do what is best for the people when they are more worried about padding their bottom line? Isn't communism about government owning all corporations? Looks like we are just about there.
 
go get em grandma. she actually looks like my actual grandma.

Warren introduces bill to make filing taxes easier
Get rid of the income tax, it's unconstitutional anyway...
I disagree... I'd lower the business taxes and income taxes on lower income individuals (under 100K) then I'd tax the shit out of the top earners, both on income and property... Go ahead, have fun with the insults... the income inequality in this country is getting ridiculous and something needs to be done about it.
Income tax punishes success...
So what?? With success comes an unfair advantage... There is nothing wrong with keeping the scales in balance. This can still be done in the spirit of capitalism, so spare us the socialism talk. The type of lifestyle the infamous 1% life is ridiculous. The amount of power the top corporations have is ridiculous... I have no problem with those people having to think twice before buying their third private yacht...
 
The legislation, called the Tax Filing Simplification Act of 2016, would instruct the Internal Revenue Service (IRS) to develop a free online tax-preparation service. It would also bar the IRS from entering into agreements with tax-preparation companies that limit the agency’s ability to provide free preparation services.

Under the bill, taxpayers would have the right to download information from third parties that the IRS has already received, and those with simple tax situations could use a return-free option to address their taxes.

Wrong government solution to a problem government caused. The answer is to simplify the tax code across the board.
 
go get em grandma. she actually looks like my actual grandma.

Warren introduces bill to make filing taxes easier
Get rid of the income tax, it's unconstitutional anyway...
I disagree... I'd lower the business taxes and income taxes on lower income individuals (under 100K) then I'd tax the shit out of the top earners, both on income and property... Go ahead, have fun with the insults... the income inequality in this country is getting ridiculous and something needs to be done about it.

Then shouldn't we re-instate the organic Constitution and insist that the "gubermint" get out of the investing business? I mean, they are the majority shareholders in every Fortune 500 corporation and their subsidiaries....isn't that a conflict of interest? I believe it is. How can "gubermint" do what is best for the people when they are more worried about padding their bottom line? Isn't communism about government owning all corporations? Looks like we are just about there.
The Government controls its own currency so they don't technically need it in the same way that private investors do. They are in a position of management to maintain the balance of currency flowing in and out of the economy and maintaining value and demand of the dollar. This is all theory of course as there is a TON of corruption both in government and in big business. Not sure how this corruption gets dealt with in the minds of all the anti-regulation crowd...
 
go get em grandma. she actually looks like my actual grandma.

Warren introduces bill to make filing taxes easier
Get rid of the income tax, it's unconstitutional anyway...
I disagree... I'd lower the business taxes and income taxes on lower income individuals (under 100K) then I'd tax the shit out of the top earners, both on income and property... Go ahead, have fun with the insults... the income inequality in this country is getting ridiculous and something needs to be done about it.
Income tax punishes success...
So what?? With success comes an unfair advantage... There is nothing wrong with keeping the scales in balance. This can still be done in the spirit of capitalism, so spare us the socialism talk. The type of lifestyle the infamous 1% life is ridiculous. The amount of power the top corporations have is ridiculous... I have no problem with those people having to think twice before buying their third private yacht...
Silly, balancing the scales by using the federal government? That is the funniest thing I've heard all day. The fucking government can burn in fucking hell, there never has been never will be any fairness about them.
 
The fastest way to get tax reform is to do the following:

1. Eliminate payroll tax withholding. Make everyone take the entire amount in their paycheck, and pay taxes quarterly.
2. Hold all Federal elections the day after annual tax filings are due.

Do that, and within a few years taxes would go down and be a lot easier to file.
 

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