toldailytopic: It's tax time! What are your thoughts about the US income tax system a

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Nathon Detroit

Nathon Detroit

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The TheologyOnline.com TOPIC OF THE DAY for April 15th, 2011 12:14 PM


toldailytopic: It's tax time!! What are your thoughts about the US income tax system and the IRS?






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Newman

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It's outright theft. And complicated.

I think that we can afford to go back to 2005 spending levels and do away with the income tax.

Income tax is about 33% of gov't revenue. Federal budgets have increased about 33% since 2005.
 
Nick M

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Ecumenicist said:
As long as it's going to Obama, I'm happy to pay my taxes. He's someone I can trust...
:D
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It isn't going to Obama. It never did. It did shift though, from Nancy Pelosi to John Boehner.

I am still arguing over last year.
 
Yazichestvo

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Well, considering our financial position, some higher taxing will be necessary. It seems like double-talk to say that we should balance the budget, but no one wants to pay for it.
 
tetelestai

tetelestai

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Every year there is some deduction that I can no longer take that I was able to take the year before.

Obama is talking about eliminating the schedule A. He says that most Americans don't use it, and claims they only take the standard deduction.

If Obama can't do away with the schedule A completely, he wants to eliminate the mortage interest deduction from the schedule A.

If he does succeed in eliminating the schedule A, it will be really bad news for churches, charities, and non-profits.
 
Ktoyou

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Knight said:
something about taxes]
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I do not see them anymore, the accountant does, but most investment papers, I burn up because they are the same old junk telling all owners about business as usual. I hate papers:wave2:
 
Quincy

Quincy

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I hate our tax system. Way too many deductions, breaks and benefits. People shouldn't get back any more than the difference between what they paid in and what they actually owe the government
 
Nick M

Nick M

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Quincy said:
I hate our tax system. Way too many deductions, breaks and benefits. People shouldn't get back any more than the difference between what they paid in and what they actually owe the government
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This is all true. But it is also true that the rates are too high, and are stealing. I am glad to read you have a problem with Obama not making GE, or other liberal donated companies paying no tax.
 
Nathon Detroit

Nathon Detroit

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What do you think would be a good solution to fix the tax system we have in the USA?

- Reform the current system
- Move to a national sales tax
- Move to a flat tax
- Other (please explain)
 
chrysostom

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Knight said:
What do you think would be a good solution to fix the tax system we have in the USA?

- Reform the current system
- Move to a national sales tax
- Move to a flat tax
- Other (please explain)
Click to expand...

I am in favor of a national sales tax but only if something is done about the property tax
 
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