With multi-trillions in deficits and debt stemming from Barack Obama's runaway government spending spree since January, beware the IRS. The tax man cometh.
The news on how the IRS plans to snoop and get more of your money can be found today at Columbia Conservative Examiner.
Just another day in the era of Obama.
Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts
Sunday, September 27, 2009
Thursday, January 08, 2009
The IRS 'Has a Heart' After All?
In light of the current economic crisis in the country, apparently the IRS 'has a heart' after all.
The article goes further to specify how to deal with the IRS in the midst of a personal financial crisis.
Watchdog groups, however, will be monitoring the IRS plan to insure fairness and minimize the potential for abuse.
As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to settle their tax debts.
The article goes further to specify how to deal with the IRS in the midst of a personal financial crisis.
Watchdog groups, however, will be monitoring the IRS plan to insure fairness and minimize the potential for abuse.
Tuesday, August 21, 2007
Tax Talk on the Campaign Trail
The campaign trail is already rife with tax talk as the candidates in both Parties gear up for their major push leading to the early 2008 primary season. Unannounced GOP contender Fred Thompson created somewhat of a stir last week by suggesting he may support the 'fair tax.'
Simply stated, the fair tax is like a national sales tax, except no sales tax would be assessed on food or medicine. This would greatly help the poorest among us.
However, the fair tax proposal has already generated opposition on the part of those with a vested interest in keeping the present system of taxation. Tax lawyers and accountants in particular are vehemently opposed to the plan, as are the tax preparation services.
The IRS is opposed to the plan. The reason, of course, is not far to find. With the fair tax in place, there would be no need for the IRS.
Liberal politicians, such as Hillary Clinton and Barack Obama, are against the plan. The current system allows the socialistic notion of 'redistribution of wealth' to flourish. Plus, it is too easy to score political points by creating class warfare when a politician can always point to how 'rich people and corporations do not pay their fair share' under the current system, leading to their proposals for hefty tax increases for upper income brackets and U.S. businesses.
Curiously, however, the fair tax proposal is finding some opposition among the middle class that has greatly benefited from deductions for mortgages and charitable contributions.
Perhaps this is the one negative consequence of implementing the fair tax. The middle class would no longer have those deductions.
However, there is too much in favor of a system of taxation based upon the fair tax to dismiss it outright for failing to include provisions to which Americans have been accustomed.
For one, you get to keep your own money. No federal tax assessments will be withheld from your paycheck. With more money in your pocket, you have more choices at your disposal, such as buying a home or making provision for medical care.
In addition, when you make a purchase of food or medicine, you pay no federal tax whatsoever. Many states have already implemented this policy on the local level, meaning that food and medicine are much more affordable to the lower and middle classes.
Perhaps the most enticing advantage of all with the fair tax is that at the end of the year there are no lengthy and confusing tax forms to fill out. April 15 will no longer be known as the black day when the tax man cometh. You will no longer need to fear the heavy hand of the IRS pouring over your records for mistakes, or being told that you underpaid and owe more money.
Some critics have argued that the U.S. government could not survive under such a system. Such an alarmist point of view is a scare tactic alone. Not only would government survive but it would thrive.
For the first time in memory, corporations would pay their fair share like everyone else. So would the super-rich. With the demise of the system that makes corporate welfare possible, along with loopholes that allow some of the super-rich to escape large tax liabilities, government will actually begin to collect more money from some sectors of society.
Every person and every entity in America will owe the very same percentage on purchases except for food and medicine. This is actually a good thing. Everyone pays their 'fair share.'
For some mega-corporations this will mean millions of extra dollars flowing into the federal government.
At the other end of the spectrum government would actually lose money from those who can ill afford to make many purchases of consumer goods.
Any shortfall of funds from the fair tax would lead to a thorough consideration of the age-old question--does government live within its means? Clearly it does not. With multi-billion-dollar bridges built to nowhere by pork-barrel politicians, the Pentagon paying millions to ship 19-cent bolts, and unnecessary programs such as the BATFE and the Department of Education, the government is long overdue for some belt-tightening.
The abolition of the IRS alone would save American taxpayers billions of dollars per year.
So far, at least five of the GOP Presidential candidates are on record as either supporting or considering supporting the fair tax--Mike Huckabee, Ron Paul, Duncan Hunter, Tom Tancredo, and Fred Thompson.
The Liberty Sphere is glad to see this issue taking center stage in the various campaigns. We feel that the nation's broken system of taxation should be an easy one with which to hammer the Democrats.
Simply stated, the fair tax is like a national sales tax, except no sales tax would be assessed on food or medicine. This would greatly help the poorest among us.
However, the fair tax proposal has already generated opposition on the part of those with a vested interest in keeping the present system of taxation. Tax lawyers and accountants in particular are vehemently opposed to the plan, as are the tax preparation services.
The IRS is opposed to the plan. The reason, of course, is not far to find. With the fair tax in place, there would be no need for the IRS.
Liberal politicians, such as Hillary Clinton and Barack Obama, are against the plan. The current system allows the socialistic notion of 'redistribution of wealth' to flourish. Plus, it is too easy to score political points by creating class warfare when a politician can always point to how 'rich people and corporations do not pay their fair share' under the current system, leading to their proposals for hefty tax increases for upper income brackets and U.S. businesses.
Curiously, however, the fair tax proposal is finding some opposition among the middle class that has greatly benefited from deductions for mortgages and charitable contributions.
Perhaps this is the one negative consequence of implementing the fair tax. The middle class would no longer have those deductions.
However, there is too much in favor of a system of taxation based upon the fair tax to dismiss it outright for failing to include provisions to which Americans have been accustomed.
For one, you get to keep your own money. No federal tax assessments will be withheld from your paycheck. With more money in your pocket, you have more choices at your disposal, such as buying a home or making provision for medical care.
In addition, when you make a purchase of food or medicine, you pay no federal tax whatsoever. Many states have already implemented this policy on the local level, meaning that food and medicine are much more affordable to the lower and middle classes.
Perhaps the most enticing advantage of all with the fair tax is that at the end of the year there are no lengthy and confusing tax forms to fill out. April 15 will no longer be known as the black day when the tax man cometh. You will no longer need to fear the heavy hand of the IRS pouring over your records for mistakes, or being told that you underpaid and owe more money.
Some critics have argued that the U.S. government could not survive under such a system. Such an alarmist point of view is a scare tactic alone. Not only would government survive but it would thrive.
For the first time in memory, corporations would pay their fair share like everyone else. So would the super-rich. With the demise of the system that makes corporate welfare possible, along with loopholes that allow some of the super-rich to escape large tax liabilities, government will actually begin to collect more money from some sectors of society.
Every person and every entity in America will owe the very same percentage on purchases except for food and medicine. This is actually a good thing. Everyone pays their 'fair share.'
For some mega-corporations this will mean millions of extra dollars flowing into the federal government.
At the other end of the spectrum government would actually lose money from those who can ill afford to make many purchases of consumer goods.
Any shortfall of funds from the fair tax would lead to a thorough consideration of the age-old question--does government live within its means? Clearly it does not. With multi-billion-dollar bridges built to nowhere by pork-barrel politicians, the Pentagon paying millions to ship 19-cent bolts, and unnecessary programs such as the BATFE and the Department of Education, the government is long overdue for some belt-tightening.
The abolition of the IRS alone would save American taxpayers billions of dollars per year.
So far, at least five of the GOP Presidential candidates are on record as either supporting or considering supporting the fair tax--Mike Huckabee, Ron Paul, Duncan Hunter, Tom Tancredo, and Fred Thompson.
The Liberty Sphere is glad to see this issue taking center stage in the various campaigns. We feel that the nation's broken system of taxation should be an easy one with which to hammer the Democrats.
Saturday, June 09, 2007
ELDERLY COUPLE TELLS IRS TO GO JUMP!
Washington, DC (TLS). An elderly couple in the state of New Hampshire is telling the IRS to go jump into the nearest lake. Presently the couple is holed up in their home as IRS agents storm the property for their arrest.
Apparently the scenario all started when several years ago the couple wrote the IRS a detailed letter explaining why the Income Tax is illegal, unlawful, and unconstitutional. At that point they stopped paying taxes.
Of course, in modern times the Income Tax is certainly legal and one disregards the paying of taxes to their own peril. However, the elderly couple has a good point.
When the Constitutional was first put together, it specifically forbade a national Income Tax!
Of course, for years I have been calling for abolishing the IRS, a move that is long overdue, and implementing some version of a flat tax, national sales tax, or the more recent rendition, the 'fair tax.'
I would love to see the IRS told, legally of course, to go to hell...by simply abolishing it. The Income Tax would be NO MORE.
You know, I don't even know the couple in New Hampshire, but I like them already.
Read their full story here:
http://girlinshortshorts.blogspot.com/2007/06/new-hampshire-couple-tells-irs-to-screw.html
Apparently the scenario all started when several years ago the couple wrote the IRS a detailed letter explaining why the Income Tax is illegal, unlawful, and unconstitutional. At that point they stopped paying taxes.
Of course, in modern times the Income Tax is certainly legal and one disregards the paying of taxes to their own peril. However, the elderly couple has a good point.
When the Constitutional was first put together, it specifically forbade a national Income Tax!
Of course, for years I have been calling for abolishing the IRS, a move that is long overdue, and implementing some version of a flat tax, national sales tax, or the more recent rendition, the 'fair tax.'
I would love to see the IRS told, legally of course, to go to hell...by simply abolishing it. The Income Tax would be NO MORE.
You know, I don't even know the couple in New Hampshire, but I like them already.
Read their full story here:
http://girlinshortshorts.blogspot.com/2007/06/new-hampshire-couple-tells-irs-to-screw.html
Sunday, May 27, 2007
2 Plus 2 Equals 5--Says 'Reform Math'
Washington, DC (TLS). Throw out all you know about exact science, precise mathematical calculations, and right and wrong answers. In 'Reform' math, all you need is an 'approximation' rather than a precisely correct answer.
Thus, 2 plus 2 DOES, in fact, equal 5, approximately speaking.
This balderdash is what your kids and grand-kids are being taught in public schools across the nation. And some parents are up in arms.
Some are even taking matters into their own hands after being mortified by the shocking lack of knowledge their children exhibit concerning basic mathematical equations. More than a few parents are charging that the Reform Math is causing their children to miss the boat on tests and college entrance exams.
No wonder the United States continues to lag behind other industrialized nations in math and science skills.
Apparently the government-run public school system continues to fail our nation's youth by dumbing down the requirements and skills needed to function in the real world. When I go to the local restaurant, I don't want the cashier giving me 'approximately' the correct change. Nor do I wish for the government's confiscation program otherwise known as the IRS to shortchange my refund as long as they can claim it was 'approximately close' to what they owe me.
Unless this nation begins to mandate certain basic skills that ALL school children must learn in order to graduate, then I am afraid that with super-powers like China looming on the scene, whose citizens run circles around Americans in math and science, the U.S. is headed for the ash-heap of irrelevance on the world stage.
Thus, 2 plus 2 DOES, in fact, equal 5, approximately speaking.
This balderdash is what your kids and grand-kids are being taught in public schools across the nation. And some parents are up in arms.
Some are even taking matters into their own hands after being mortified by the shocking lack of knowledge their children exhibit concerning basic mathematical equations. More than a few parents are charging that the Reform Math is causing their children to miss the boat on tests and college entrance exams.
No wonder the United States continues to lag behind other industrialized nations in math and science skills.
Apparently the government-run public school system continues to fail our nation's youth by dumbing down the requirements and skills needed to function in the real world. When I go to the local restaurant, I don't want the cashier giving me 'approximately' the correct change. Nor do I wish for the government's confiscation program otherwise known as the IRS to shortchange my refund as long as they can claim it was 'approximately close' to what they owe me.
Unless this nation begins to mandate certain basic skills that ALL school children must learn in order to graduate, then I am afraid that with super-powers like China looming on the scene, whose citizens run circles around Americans in math and science, the U.S. is headed for the ash-heap of irrelevance on the world stage.
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