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(WBTV 3 Charlotte)   US tax code now longer than Bible yet not nearly as taxing   (wbtv.com) divider line 46
    More: Misc, Bibles, tax laws, commercial software, mortgage interest deduction, National Taxpayer Advocate  
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514 clicks; posted to Business » on 09 Jan 2013 at 8:36 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-09 08:21:55 PM
10% Flat Tax.
 
2013-01-09 08:36:58 PM

Ed Finnerty: 10% Fat Tax.

 
2013-01-09 08:37:42 PM
Probably just as full of blatant contradictions too.
 
2013-01-09 08:45:25 PM
Just as much raping and pillaging, though.  Nyuk nyuk.
 
2013-01-09 08:49:00 PM

Relatively Obscure: Ed Finnerty: 10% Fat Tax.

 
2013-01-09 08:51:09 PM

ajgeek: Probably just as full of blatant contradictions too.


That can be exploited by selective quotation, yes.
 
2013-01-09 08:58:16 PM
America wept.
 
2013-01-09 09:10:02 PM
When you finish reading the bible you're pretty sure there's no God.

When you finish reading the tax cod you're pretty sure Satan exists.
 
2013-01-09 09:15:06 PM
I'm shocked... shocked that it isn't far, FAR longer...
 
2013-01-09 09:25:20 PM
I dunno, God seems to tax hardcore. See the flood.
 
2013-01-09 09:30:53 PM
Hence why accountants do not support gay marriage. It's not in the tax code.
 
2013-01-09 09:35:45 PM

wildcardjack: When you finish reading the tax cod you're pretty sure Satan exists.


Sounds fishy.
 
vpb [TotalFark]
2013-01-09 09:57:45 PM

Ed Finnerty: 10% Fiat Tax.


upload.wikimedia.org
 
2013-01-09 10:06:51 PM

Ed Finnerty: 10% Flat Tax.


Consumption, income or something else? Imputed or aggregate? What will the reporting requirements be for businesses and individuals? How do you treat windfalls?

I'm a bit of a flat-taxer myself, but what makes tax laws confusing isn't progressive rates, it's that people have excuses for not paying them, and those excuses get codified.
 
vpb [TotalFark]
2013-01-09 10:10:36 PM

dionysusaur: wildcardjack: When you finish reading the tax cod you're pretty sure Satan exists.

Sounds fishy.


Like Satan's codpiece.
 
2013-01-09 10:15:08 PM
All these calls to simplify the tax code, don't you realize how many accounting jobs you would be killing?
 
2013-01-09 10:31:15 PM
There are 138 million taxpayers in this country, and probably 138 million ways of making money. Why should the tax code be a one page sheet? Seriously, we live in a complex, modern society. Our tax code is a product of that. Grow out of your provincial ways.
 
2013-01-09 10:34:01 PM
Just remember, folks, Russia has a 13% flat tax, and look how well they're doing... the rich are flocking there!

The poor? Not so much.
 
2013-01-09 10:38:23 PM
Does this mean we should throw out the Bible?
 
2013-01-09 10:48:42 PM

Great_Milenko: There are 138 million taxpayers in this country, and probably 138 million ways of making money. Why should the tax code be a one page sheet? Seriously, we live in a complex, modern society. Our tax code is a product of that. Grow out of your provincial ways.


There are 138 million drivers in this country, and probably 138 million ways of driving. Why should a speed limit be a single number? Seriously, we live in a complex, modern society. Our speed limit is a product of that. Grow out of your provincial ways.

Or, if you prefer Einstein, "Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius - and a lot of courage - to move in the opposite direction."
 
2013-01-09 10:49:52 PM

Great_Milenko: There are 138 million taxpayers in this country, and probably 138 million ways of making money. Why should the tax code be a one page sheet? Seriously, we live in a complex, modern society. Our tax code is a product of that. Grow out of your provincial ways.


Because 'trying' to pay taxes is a waste of money?

I prefer the Brawndo automatic layoffs.
 
2013-01-09 10:55:41 PM

Ed Finnerty: 10% Flat Tax.


"When you reap the harvest of your land, you shall not reap all the way to the corner of your field, or gather the gleanings of your harvest. You shall not pick your vineyard bare, or gather the fallen fruit of your vineyard; you shall leave them for the poor and the stranger." Leviticus 19:9

cdn.www.carm.org
See, it's so simple and the bible is so thin!

But, wait, how big's a corner?

upload.wikimedia.org

FFFFFFFFFFFFFUUUUUUUUUUU
 
2013-01-09 11:25:14 PM
 
2013-01-09 11:32:17 PM

Britney Spear's Speculum: the internet before 2005 wants its headline back


Also, the article's headline is exactly word for word with results dating back to at most 2004
 
2013-01-09 11:45:53 PM
I'm pretty sure the combined works of Ayn Rand are longer than the bible.  That doesn't make them a better work of fiction.
 
2013-01-09 11:54:48 PM

Great_Milenko: There are 138 million taxpayers in this country, and probably 138 million ways of making money. Why should the tax code be a one page sheet? Seriously, we live in a complex, modern society. Our tax code is a product of that. Grow out of your provincial ways.


I agree.  We should have a page for each and every tax payer.  See AJ McCarron's girlfriend needs national "tax zones", while living within the boundaries of my bedroom her income tax should be negative - AKA supported by the other Keynsians.  Her income tax should get exponentially bigger the further from my bedroom she goes.  AJ McCarron's taxes zones on the other hand should be inverse to hers and at an all time high inverse tax while he's living in Nome Alaska.
 
2013-01-10 12:04:58 AM
And oddly enough, even though it starts with two naked people and there's centuries of begetting involved, fewer people get screwed in the Bible.
 
2013-01-10 12:16:12 AM
If only there were a way to petition the king to reduce the tax code by 10% a year until less than 50 pages of 14-point type.
 
2013-01-10 12:39:44 AM

Ed Finnerty: 10% Flat Tax.


FTFY
 
2013-01-10 12:53:01 AM

Ed Finnerty: 10% Flat Tax.


Yes, because a regressive system where the poor and middle class bear the brunt of taxes results in a MUCH more prosperous economy. The poor and middle class consume because they need to, while the wealthy accumulate more and more without spending to stimulate....and don't give me that job creator bullshiat. They don't pour money into the economy to create jobs, they horde it.
 
2013-01-10 01:12:04 AM

Ed Finnerty: 10% Flat Tax.


I can add a few brackets to that and have a "bill" that's less than half a page. The problem is defining what gets the "flat" tax and what doesn't. That'll take many pages
 
2013-01-10 01:30:11 AM
Amen.

/CPA

But seriously, even I wish some tax rules would be simplified.
 
2013-01-10 02:43:18 AM
So, we can throw stones at tax dodgers, yes?
 
2013-01-10 03:15:53 AM

tricycleracer: I'm pretty sure the combined works of Ayn Rand are longer than the bible.  That doesn't make them a better work of fiction.


Well of course not. The characters in the Bible are not *nearly* as unconvincingly made of cardboard as Ayn Rand's.
 
2013-01-10 07:17:27 AM
Probably less demanding than the bible too.
 
2013-01-10 09:15:57 AM
10% too low. 20% flat tax, $20k household deductible plus $5k for each kid.

Limit state income tax and VAT to no more than 5%

Cap gains taxed at 10%.

It would take 5 minutes to do your income taxes. The IRS could reduce in size by 80%, and the accounting industry would have to go out and get real jobs.

You know why this would never become a law? Everybody in congress has a conflict of interest. Everyone. They either have their own businesses (mostly R), or their own constituents (mostly D) for whom they want to rig the system. They are all corrupt. All of them.
 
2013-01-10 09:34:13 AM
Flat taxer are, indisputably, morons. The flat tax isn't even a solution in search of a problem.

A progressive tax system includes brackets that comprise marginal income. We currently have six brackets and could use three or four more. Those brackets take all of, what, two pages of the tax code? The rest of the code comprises innumerable loopholes that almost exclusively benefit the affluent.
 
2013-01-10 10:31:04 AM

Ed Finnerty: 10% Flat Tax.


Okay, but that is on all sources of income for every entity. Yes a 10% flat tax on capital gains, inheritance, and corporations. No deductions, if money changes hands it is income and gets taxed at 10%.
 
2013-01-10 11:20:19 AM
Ed Finnerty
10% Fla. tax

wwp.greenwichmeantime.com

Suck it, America's wang.
 
2013-01-10 12:09:51 PM
Any flat tax proponent who tells you that a flat tax will succeed without forcing the poor to take it up the ass is lying to you. A flat tax represents an immense tax cut for the wealthy on the backs of those making the least.
 
2013-01-10 01:24:20 PM
I dunno which one has more rape...tough call
 
2013-01-10 01:30:04 PM

Slaves2Darkness: Ed Finnerty: 10% Flat Tax.

Okay, but that is on all sources of income for every entity. Yes a 10% flat tax on capital gains, inheritance, and corporations. No deductions, if money changes hands it is income and gets taxed at 10%.


You know how I know you don't have the first clue about business, accounting, or taxation?

/ but presumably get to vote...
 
2013-01-10 05:25:55 PM
Stile4aly - Any flat "progressive" tax proponent who tells you that a flat "progressive" tax will succeed without be more fair AND stop forcing the poor to take it up the ass is lying to you. - FTFU
 
2013-01-11 12:45:51 AM

Stile4aly: Any flat tax proponent who tells you that a flat tax will succeed without forcing the poor to take it up the ass is lying to you. A flat tax represents an immense tax cut for the wealthy on the backs of those making the least.


Not true.

Every mainstream flat tax proposal contains a generous tax free income, some include further exemptions for people with children, and the most popular retains progressivity by retaining brackets with different levels of taxation.

But, you wouldn't know that because you don't actually read the proposed tax changes, you just bash them based on on the word "flat" being in the title.
 
2013-01-11 06:31:14 AM

DKinMN: Every mainstream flat tax proposal contains a generous tax free income, some include further exemptions for people with children, and the most popular retains progressivity by retaining brackets with different levels of taxation.

But, you wouldn't know that because you don't actually read the proposed tax changes, you just bash them based on on the word "flat" being in the title.


I've given a lot of thought to this and I can't make up my mind on it.

I hear what people are saying - a flat tax hurts those with the lowest incomes most.  Having lived on a shoe-string budget I can appreciate how tight money can be at the lower end - I still owe the state of Arizona about $20 from 1997.  That $20 would have cost me eviction or even less food and I was already living on bean burritos.

BUT if you make it anything other than absolutely flat, no wiggle room at all, no exemptions for anything congress will creep the ever living shiat out of it.  Remember - our current income tax only affected the top 1% of the population when it was introduced, and it was only about 1% of your income.  People actually BRAGGED about having to pay an income tax.  They kept lowering the maximum untaxed income until pretty much everyone had to pay, and kept increasing the rate.  At least if you made it absolutely flat they would keep from making it something outrageous to screw the rich so they won't screw the poor also.  They'll be forced to be reasonable for a change - or they'll pull some sort of bullshiat 70% tax rate and make social programs the norm.  I think that's probably on the current agenda anyways to make sure everyone is government dependent.
 
2013-01-11 03:22:31 PM
Wow. I forgot I posted in this thread.

I was just trying to make a tithe/Bible-tax joke and failed miserably.
 
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