BECOME A CORE MEMBER HERE

Author Topic: Who Hates the IRS?  (Read 467 times)

Offline tcdawg

  • Anthony Smooth
  • GATR STAFF
  • *
  • Posts: 13894
  • KARMA : +85/-84
Re: Who Hates the IRS?
« Reply #12 on: April 16, 2013, 07:22:17 AM »
and only the 4th or 5th time I have ever had to pay!

you pay, every pay check.   You mean you didn't have to pay any MORE

Offline bear991

  • Visitor
  • Posts: 910
  • KARMA : +17/-7
Re: Who Hates the IRS?
« Reply #13 on: April 16, 2013, 08:05:40 AM »
I need to get better at hiding mine  ::)  </LMAO/>
A man's gotta do what a man's gotta do- The Duke


Bear

Offline PopTop

  • Visitor
  • Posts: 515
  • KARMA : +9/-5
  • PopTop
Re: Who Hates the IRS?
« Reply #14 on: April 16, 2013, 08:48:17 AM »
I found a partial list of countries without income taxes, but I wouldn't want to live in any of them. Maybe a few vacation spots, but I'm partial to the good ole Red-White-n-Blue. Guess I'll have to pay my taxes again this year {salute}

Countries with NO income taxes
United Arab Emirates
Qatar
Oman
Kuwait
Cayman Islands
Bahrain
Bermuda
The Bahamas
Saudi Arabia
Monaco
Andorra
Kevin

"Wonder what this button does?"

Offline DOUG

  • Visitor
  • Posts: 21029
  • KARMA : +112/-657
Re: Who Hates the IRS?
« Reply #15 on: April 16, 2013, 08:49:47 AM »
Yeah, we all hate what they stand for, but the IRS is not the problem.  Congress, and the power they give the IRS are to blame.

For me, it sums up in one word... Term Limits.

The elected leeches with no term limits that want to be in power all of their life will never do what is right as long as Special Interest Groups of 10-15% population can demonize them.

We need successful business people in Congress for 4 years ONLY that don't give a damn about re-election or what folks think.

I used to like the Fair Tax too, until I read the book.  Fair Tax is a Consumption Tax, and someone like Warren Buffet who lives very modestly making 100 million or more in a year could pay less tax than me.   

A consumption tax would hit the middle class the worst.

(INCOME plus PREBATE X 12 minus NECESSITIES) divided by INCOME mult by 100 equals PERCENT LEFT TAX RATE

1.    ($30,000 + 187 x 12 - $30,000) / 30,000 X 100 = 7.5 
   
Tax of 92.5% working poor

2.    ($70,000 + 187 X 12 - $56,000) / 70,000 X 100 = 23 
     
Tax of 77%    middle

3.    ($10M + 187 X 12 - $500,000) / 10M X 100 = 95 
           
Tax of 5%    rich


 



BECOME A CORE MEMBER HERE

CHECK OUT OUR CLUB WEBSITE

JOIN US ON FACEBOOK

JOIN US ON INSTAGRAM