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To: Original Mad Dog who wrote (27)9/4/2002 5:54:30 PM
From: Poet  Read Replies (2) | Respond to of 7689
 
Well, at least I can agree with #4.



To: Original Mad Dog who wrote (27)9/4/2002 6:22:04 PM
From: Lazarus_Long  Respond to of 7689
 
Dang! We're not THAT far apart! Well, maybe.

1. Reduce the self employment double tax to encourage entrepreneurial behavior and small business creation.
Why? To benefit you? Why should you be in a special class that escapes this punishment? Slacker! Take it like a man! :-)
The employee pays x%. The employer pays x%.
The self-employed pay 2x%.
What's the problem if your going to use a scheme like SS?

2. Allow people to self direct a portion (say around 25 percent) of their SS "contributions" (confiscations) to accounts of their choosing (IRA type vehicles).
You say 25% I say 100%. If you allow them to keep the 75%, they'll play the same fraudulent games they do now with it. Why bother changing anything then?

3. Separate the accounting for SS so that it cannot be used to cover for large operating deficits. (this is gonna cause lots of pain in a few years unless the economy is really strong at the time).
My scheme inherently fixes this fraud. The gov't doesn't HAVE the money, so it can't steal it. At least not without obvious theft. Which could cause REAL trouble.

4. Allow canine investments to be tax free.
I like dawgs. But the human variety should not get a free ride. They should be quadruple taxed.



To: Original Mad Dog who wrote (27)9/4/2002 6:49:54 PM
From: E  Read Replies (2) | Respond to of 7689
 
1. Reduce the self employment double tax to encourage entrepreneurial behavior and small business creation.

I've never understood the rationalization for that tax at all.

Except that self employed people naturally have no lobby. Subdivisions of them, like artists and writers, talk about it occasionally. Write a few letters.

While I'm on tax pet peeves, there used to be Income Averaging which benefitted the self employed by allowing someone who earned, say, 300k one year but had earned 30k a year for the preceding five years (and would go back to that level until the next project was complete), to average the large amount over several years so they were in a lower tax bracket instead of up there with those who earn 300k every year....

But they don't allow it any more.



To: Original Mad Dog who wrote (27)9/4/2002 6:51:35 PM
From: E  Read Replies (1) | Respond to of 7689
 
P.S. So you are prejudiced against felines? Bigotry is such an ugly thing in a tax planner.