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  #31  
Old 08-28-2008, 11:29 PM
Jack Jack is offline
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"Was they fer it....or agin it??"
Uhhhhh, yes.
Well, maybe no.
Oh, Hell, don't ask me, I just read it, and I can't tell!
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  #32  
Old 08-28-2008, 11:48 PM
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fabsroman fabsroman is offline
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Rattus/Tom,

The white collar CPA wouldn't be put out of business. Plus, you would be surprised at how many non CPA's prepare taxes. Do you think the guys sitting behind the desks at Jackson Hewitt, Liberty Tax Services, H&R Block, etc. are CPA's. Not even close.

Us CPA's would still have plenty of work to do because there are things called audits, bookkeeping, certified financial statements, etc. Out of all the CPA's that I went to school with, I don't know one of them other than myself that prepares tax returns, and I do it because I am a sole practitioner who happens to be an attorney and CPA with a bunch of small business clients.

Trust me, I think the tax code is way too confusing for most people to take advantage of the tax breaks out there. Come tax season, I spend half my time debating with clients over what is and what is not deductible.

By the way, I have no idea what "no child left behind means". Does that mean that children no longer get held back a grade if they are not doing well? If so, that is the stupidest thing I have ever heard. Kind of like telling all children that they are always winners no matter the outcome, but I digress.

You have to wonder how simple the tax code was when it was first implemented.
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  #33  
Old 08-29-2008, 04:23 PM
Classicvette63 Classicvette63 is offline
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Fabs, Why wouldn't a tiered flat tax be fair. Maybe I'm explaining it wrong. These figures are just examples, they could be adjusted either way.

You make $50,000 to $100,000 you pay 17% income tax
You make $101,000 to$200,000 you pay 19% etc.

The tiers or brackets could be large or small. And thats it. No deductions and no other taxes either. Goodbye sales tax, property taxes, school tax(what a F' ing rip that is, I have to pay it twice, once for my house and once for hunting camp and I don't even have any curtain climbers of my own) gas tax, everything.

Very simple, very easy, very fair and very unlikely. It's ashame we have to keep a convoluted system to benefit a few.
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  #34  
Old 08-29-2008, 09:01 PM
rattus58 rattus58 is offline
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Quote:
Originally posted by fabsroman
Rattus/Tom,

The white collar CPA wouldn't be put out of business. Plus, you would be surprised at how many non CPA's prepare taxes. Do you think the guys sitting behind the desks at Jackson Hewitt, Liberty Tax Services, H&R Block, etc. are CPA's. Not even close.

Us CPA's would still have plenty of work to do because there are things called audits, bookkeeping, certified financial statements, etc. Out of all the CPA's that I went to school with, I don't know one of them other than myself that prepares tax returns, and I do it because I am a sole practitioner who happens to be an attorney and CPA with a bunch of small business clients.

Trust me, I think the tax code is way too confusing for most people to take advantage of the tax breaks out there. Come tax season, I spend half my time debating with clients over what is and what is not deductible.

By the way, I have no idea what "no child left behind means". Does that mean that children no longer get held back a grade if they are not doing well? If so, that is the stupidest thing I have ever heard. Kind of like telling all children that they are always winners no matter the outcome, but I digress.

You have to wonder how simple the tax code was when it was first implemented.
Hi Fabs...

I agree that first of all, I don't think that the flat tax will happen. Secondly, if the tax was implemented as some think it will, (I'm not of that school), the income tax will be just two lines... how much you make, how much they take. That will eliminate the need to scores of preparers.

Business interests, on the other hand, I haven't seen addressed by the flat tax proposals, so I'm not really able to comment on that part of tax discussion. The question of income from stocks and investments hasn't been addressed that I know of either, because if you lose $1,000,000, let's say, do you just wipe out income for just one year? I don't know... do you just get to write off $3,000 a year for the next three generations of your family? I don't know... lots of questions for such a simplistic, proposal. That being said, if after all the other deductions and so forth and closing of loopholes, whatever that really means, tax is a flat amount, I'm ok with that too.

I don't think any of it will happen..... and you'll still be with the eyeshades, and I'll still be peddling pre-tax cafeteria products.... ....

Aloha...
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  #35  
Old 08-30-2008, 02:40 AM
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fabsroman fabsroman is offline
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Classic,

I don't think the current tiered tax rates are fair either. I just have a serious problem with taxing those that make more money at a higher rate. Yeah, you can say they can afford it better than the poor, but how is that fair? If you want fairness, everybody should pay the exact same percentage of income in taxes, regardless of whether they are rich or poor. We are always carving out little exceptions for the poor. For some, it is no taxes. For others it is welfare, food stamps, and section 8 housing. As far as I am concerned, enough with all of it. Those who work hard will benefit, and those that don't will not. No more free handouts, and that includes medicare, medicaid, and social security.

With the exception of the Civil War, you just have to wonder how there was no income tax in the US until 1913, and ever since it has been getting worse and worse. The poor had to take care of themselves back then, and everybody had to provide for their own health care and retirement.

What irks the hell out of me is that I am paying 15.3% in FICA/Medicare as a self employed individual, but others are only paying half of it because their employer picks the other half up. I guess that is the cost of being self employed. It wouldn't be so bad if social security wasn't scheduled to go broke right before I retire, and the only way to fix that problem is to RAISE taxes some more. I think I have said this before on here, but after taking into account what my wife makes, everything I make is taxed at close to 50%, and at 56% if we were to spend it (i.e., 6% sales tax). I told my wife tonight that if taxes are raised any further, I am going to quit working and just take care of our kids.

I just wonder where all this money is going to.
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  #36  
Old 08-31-2008, 12:36 AM
44mag 44mag is offline
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val -

i don't know how it is in your state, but
in mine (i am a teacher / coach), we have
no control over the budget. what the state
doesn't control (most of it),
the administration does. and administration
sometimes has an entirely different agenda
than the staff.

and the state DEFINITELY does.
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  #37  
Old 09-01-2008, 02:56 PM
Valigator Valigator is offline
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down here the school board is in constantly embroiled in scandal. Its a shame. They are trying to fire the Dade county superintendent on a daily basis.

Meanwhile the teachers fought and won a new contract and now the board is reneging on it. That hasnt stopped the board from buying property to never see the light of day though. Can you imagine in this economy buying land and negotiating to build new schools, while the population is diminishing ?
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  #38  
Old 09-01-2008, 10:46 PM
44mag 44mag is offline
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when it comes to politics, especially
school politics, NOTHING would
surprise me.

school boards are sometimes the
most ignorant, arrogant, selfish
and agenda driven people in the
world.

they give the board members that
actually have the kids' best interests
at heart a bad name, and sometimes
it extends to the school employees.

after 29 years, i'm looking forward to
retirement in a year or two.
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