49. INCOME TAXES: The IRS, of course this has to be in RED, to represent the Blood money taken from us by the IRS. I will end all Income taxes on earned income, days after elected.
Well where do we start, I’ll
tell you where. First our government wants more of your money. They actually
want all of your money, so it’s a struggle, to limit what you pay, and what
the government wants from us every second.
I was somewhat under the
opinion that if you made more money, you could pay more taxes. So you are laid
off from your middle class job, and now make half as much, since you still have
the same deductions, so you pay even a lot less taxes. I am offended when I
hear some politician claim that giving citizens a reduction in taxes, they
claim it would cost the government X number of dollars to do so.
Cost the government? Of your
money?
Do I trust the IRS? Of
course not. About 1997 the IRS decided that almost every taxpayer would pay up
more money if they were threatened that they owed an additional $2000. Many
paid under fear, that the IRS must know, and feared confronting the IRS, that
they would probably lose anyway. My own niece and her husband were confronted
with this and paid. I didn’t get any such letter, because my income was only
from Social Security. What’s to lie about.
However a few years back, my
taxable income was under the required YOU must file if you make more than this
amount. I didn’t file. I then got a letter from the IRS that said, even if I
made less than that amount, I still had to file an 1040, or else. I filed.
F----K the IRS.
Right
off the top, I will reinstate deducting the tax you pay on gasoline.
The
idea that you should pay one tax and then have to pay income taxes on any other
tax is against American principals.
Fair
taxation, and not being screwed by your government.
I
and all citizens need to review our taxation boondoggle, our taxes need to
reflect our economy, we are all struggling, we are sinking, but, there is hope
“if” I’m elected.
Now that you earn less
money, the government still needs the same amount of income, so now you earn
“less money”, you are going to pay as much taxes as before, because the
government still needs the same amount of taxes. So instead of paying about
15%, you will now pay 30%, or more of your smaller income.
This is our new government
plan? It sucks.
Our government still demands more and more to spend on Pork, to make you think
they are all heart. Yeah, Heart, as they squeeze more blood out of you. These Republicans
and Democrats are certainly not worried about you.
Are you happy?
Want more?
Keep electing Democrats and
Republicans and you will end up in the poor house.
Remember, we use to actually
have Poor Houses before Welfare became available.
If you want to
“pay less taxes” then “ask less from your government”.
We must lower
government spending.
Income Tax
History. US government, interesting reading. Take a tranquilizer first.
http://www.treasury.gov/education/fact-sheets/taxes/ustax.shtml
So, should the rich citizens
pay more income taxes because they can afford to pay more, RIGHT or WRONG? If
you the citizen: work extra hard to make more money, why is that automatically
a reason that you should pay a bigger percentage of taxes. People who make
more money have worked hard, taken risks to earn that income, so why should
they be fined for being successful? Even if they make millions per/year,
(excluding politicians) that is no reason they should have to pay any larger
“percentage” that any of the rest of us, up to a point it’s all about
percentage.
As above, there are so many hidden taxes that have to be
stopped, what we pay for something has many taxes already paid on those items
by the time we purchase them.
The “Value Added Tax” is used in some countries, there is
talk about starting a “hidden Value Added Tax”, in America, we actually already
have that, each item is taxed somewhere along the way, as each company has to
add the taxes they pay to the cost of the item that goes on to the next step in
production. That includes property taxes, income taxes, business taxes,
unemployment taxes,
and Social Security
contribution for employees.
There is talk about maybe a
23% Fair Tax on all purchases of “goods and services”, note Services means
all that you pay taxes for “LABOR”. Now for the tricky part. They explain
that if you buy an item that was $77, and add $23 now it will cost you $100, a
$23 tax. Sorry but that is 29.8% on my calculator. Double talk as usual by our
politicians. Then you add, the state sales taxes on top of that, and of course
California taxes “taxes”. So you will end up paying $ 108.25 for that $77.00
item. That is now 23% + 8.25%= $31.25 tax on $77, that looks like a 40% tax to
me.
My contention is to continue
our Income tax system, as you will still have to file a tax return every year
anyway for things like FICA, and I’m sure other taxes they will invent that you
need to account for. What happens in those states that have State Income Tax,
you will not be able to deduct the Federal Tax you are now paying, so more
State Tax?
What will I do? First no
income taxes for a single person who makes less than $20,000, married couples
earning less than $40,000, plus a $10,000 deduction for each child, under 18,
or up to age 24 if enrolled in additional education, with “passing grades”.
Then no more than 15% on
additional income up to $300,000. 20% above $300,000 to $500,000. 30% above
$500,000.
You
should also “only” have to pay taxes on interest earned, that exceeds “7%/year”
inflation.