Elon Musk Wants To Simplify the Tax Code

[rightwinger]

She said that such a simplification “reduces errors and saves time on tax preparation.” It would also plug loopholes that allow sophisticated taxpayers to exploit ambiguities and potentially increase fairness and compliance.

You can put tax deductions available to working Americans on one page.

There are hundreds of pages of tax deductions available to the wealthy and business.

If you want to simplify things, look at the hundreds of pages

 

[The Sage of Main Street]

Elon Musk Wants To Simplify the Tax Code: What That Means for Future Tax Refunds

If President-electDonald Trump is able to appoint billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy to oversee a Department of Government Efficiency (actually a...

www.aol.com

According to the Constitution, TAXES ARE ILLEGAL.

But I do understand SOME parts of government need money to do their jobs.

There should be a ONE TAX system. ONE TAX, from sales of goods and services, NOT from peoples paychecks. One Tax that can only be raised .005% per year, but the people have to vote on it, so the government HAS to prove to The People WHY they require more of OUR money.

This way, WE keep tabs on OUR money being used by the government. And if WE don't like it, THEY have to find other ways to get the money. Lets say, like taking a pay cut.

Resentment Against All But the Biggest Freeloaders

Confiscate the unearned income produced through trust funds and large inheritances and you won't have to pay any income taxes. Birth privileges block or limit opportunities for those who can't mooch off their Daddies' success.

Allowing this root of all evil is slavish and self-hating. It's as stupid and destructive as letting a pro athlete pass on his position to his son.

 

[The Sage of Main Street]

Thats an AMENDMENT, not part of the original.

The Elitist Constitution Is What Put the Crack in the Liberty Bell

Neither is the right to bear arms, which the Framers totally opposed until it was pointed out that they wouldn't have to pay, train, and arm a standing army.

 

[The Sage of Main Street]

The Golden Rule…..He who has the Gold makes the rules

Serfs Up!

He whose Daddy has the gold makes the rules; his Daddy is too busy piling up the gold to engage in lawfare.

 

[Dr.Destructo]

No legitimate scholar says taxes are theft

Taxes are the price we pay to live in a civilized society
Oliver Wendell Holmes

Well then, this country is full of dumbassed "scholars".

 

[Jarlaxle]

Resentment Against All But the Biggest Freeloaders

Confiscate the unearned income produced through trust funds and large inheritances and you won't have to pay any income taxes. Birth privileges block or limit opportunities for those who can't mooch off their Daddies' success.

Allowing this root of all evil is slavish and self-hating. It's as stupid and destructive as letting a pro athlete pass on his position to his son.

You need 90 days observation.

 

[frigidweirdo]

Elon Musk Wants To Simplify the Tax Code: What That Means for Future Tax Refunds

If President-electDonald Trump is able to appoint billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy to oversee a Department of Government Efficiency (actually a...

www.aol.com

According to the Constitution, TAXES ARE ILLEGAL.

But I do understand SOME parts of government need money to do their jobs.

There should be a ONE TAX system. ONE TAX, from sales of goods and services, NOT from peoples paychecks. One Tax that can only be raised .005% per year, but the people have to vote on it, so the government HAS to prove to The People WHY they require more of OUR money.

This way, WE keep tabs on OUR money being used by the government. And if WE don't like it, THEY have to find other ways to get the money. Lets say, like taking a pay cut.

Yeah, let's make only a sales tax because.... it benefits the RICH.

Let's get rid of all taxes that don't benefit the rich, let's get rid of all taxes that are better for poorer people, because "FUCK THE POOR"

 

[Captain Caveman]

The Tax Code is the means that Congress uses to dispense favors to big donors and other friends. There are deductions and credits and exclusions riddled throughout its hundreds of pages, planted there as the "quo" part of the old quid pro quo.

Other than Congress-persons and the beneficiaries of these provisions, EVERYBODY wants the Tax Code simplified.

A FLAT TAX is literally the only solution, with deductions for actual living costs, so that The Poor aren't made even more wretched by the tax code.

But Congress will never do it; see my first paragraph above. And the Media would also fight it as giving away the store to The Rich.

Define rich

 

[rightwinger]

If Elon Musk wants to simplify the tax code, why doesn’t he start with the hundreds of exemptions he qualifies for?

 

[rightwinger]

Define rich

 

[Captain Caveman]

View attachment 1055551

I'll rephrase it. What level of money/income/assets one must have to be considered rich?

 

[rightwinger]

I'll rephrase it. What level of money/income/assets one must have to be considered rich?

See that big yellow slice?
Not just rich but Fucking Rich

 

[Captain Caveman]

See that big yellow slice?
Not just rich but Fucking Rich

Ok, I'll rephrase it. Are you considered rich if you $10k, $50k, $300k, $1m, or $1bn in assets? Or does it have to be money? If it's $1bn, are you considered not rich if you're $10 short of that?

 

[rightwinger]

Ok, I'll rephrase it. Are you considered rich if you $10k, $50k, $300k, $1m, or $1bn in assets? Or does it have to be money? If it's $1bn, are you considered not rich if you're $10 short of that?

Any number I list, you will say…
But what if you are $10 below that?

Not playing

 

[Captain Caveman]

Any number I list, you will say…
But what if you are $10 below that?

Not playing

So you can't define rich. What figure do folk have to be in the yellow section? It's your graph.

 

[hadit]

There is no flat tax that does not reduce taxes on the rich and increase for working Americans

That's why you include a large personal deduction. To the poor, it's a Godsend. To the wealthy, it's irrelevant.

 

[AzogtheDefiler]

Some taxation is indeed theft

 

[rightwinger]

That's why you include a large personal deduction. To the poor, it's a Godsend, to the wealthy, it's irrelevant.

Goal needs to be revenue neutral

Cutting taxes on the wealthy means the money has to come from somewhere else

 

[rightwinger]

Some taxation is indeed theft

Taxes are the price we pay to live in a civilized society
You vote for your representatives
Means it is not theft

 

[hadit]

Goal needs to be revenue neutral

Cutting taxes on the wealthy means the money has to come from somewhere else

Not if we cut spending at the same time, and there is a lot of waste that can be cut before services are affected.