Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (56461)	1/10/2014 11:49:28 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 219348

Yes, I fully agree... IRS is the Internal Revenue Scam... GZ

To: robert b furman who wrote (56461)	1/10/2014 3:06:30 PM
From: Kirk ©	Respond to of 219348

A transaction tax is just what the HUGE GOVERMENT taxers want and it won't do chit for the underground economy using cash. Just go to Mexico and buy stuff... they want cash and they don't give a receipt in the small stores I've been to in Baja... Do you think they report that $1 for a soda to pay a dime tax or do they claim personal consumption or spoilage for the fresh food?

To: robert b furman who wrote (56461)	1/10/2014 5:33:55 PM
From: Da Rookie	2 Recommendations Recommended By GROUND ZERO™ Machaon Read Replies (1) \| Respond to of 219348

Just wait til everyone realizes that health care act is being run by the IRS. You think its bloated now, just wait.

To: robert b furman who wrote (56461)	1/10/2014 6:37:04 PM
From: Kirk ©	2 Recommendations Recommended By gastrodoc Machaon Read Replies (1) \| Respond to of 219348

You have the key word Simplify and make it fair = the cost of living in America - if you don't like it, leave or crawl under a rock. Too much time and effort goes into avoiding taxes. We have so many loopholes and deductions the code is miles thick and we have to tax the hell out of business and real workers to make up for all those paying off congress and whitehouse for their special exemptions. Lets see how much Buffett and Gates love high taxes if they are not allowed to deduct their "gifts" (actually publicity stunts to show they are cool people rather than rich business titans) to charity to avoid paying THEIR FAIR SHARE of taxes. Ideally we'd eliminate all but some percentage of income up to some multiple of the MEAN annual wages that anyone can deduct for anything. I'm not really fond of subsidizing Romney's 10% of salary gift to the Mormon church to pay to have people knock on my door... for example. I am sure you don't like giving me a deduction to support my local theater... like people in Los Altos really need this deduction while veteran benefits are cut. Anyway, I'd love to see the huge tax deductions eliminated . If these causes are good on their own, then they should be able to survive without tax deductions. Long term, I'd like to see a way to make corporate taxes ZERO for manufacturing by allowing them to get credit for jobs in the US.... since we know a high paying job generates much more income from all the economic activity it generates... Maybe let companies get credit for the economic activity the wages their jobs create... but the far left hates big companies and wants to punish success so it will be a tough battle.

To: robert b furman who wrote (56461)	1/11/2014 6:35:54 AM
From: PJr	2 Recommendations Recommended By GROUND ZERO™ Kirk © Read Replies (2) \| Respond to of 219348

Unfortunately, the people who benefit LEAST from changing the tax code is Congress. If the tax code is simplified, particularly if exemptions and deductions are threatened with extinction, Congress will no longer be able to sell those exemptions and deductions to those high rollers who have the need to buy them. Though every member of Congress and the Senate will continue to "talk" about the need for tax reform, they do it with a wink among themselves. They have no intention of closing down their largest source of money to fund their reelections. Pat