View Single Post
Mo_Gearhead Mo_Gearhead is offline
Evolved
 
Mo_Gearhead's Avatar
 
Join Date: Jan 2007
Posts: 3,338
Read my signature line.

The U.S. tax code is like most legislation that they pass. It may start out fairly(?) concise, but over the years it gets amended, and amended, tweaked, and BLOATED ...soon it's beyond recognition. I think you can still order hard-copies from the US Government printing office in Colorado (or somewhere.) Imagine - 70 hardback copies of War and Peace, shrink-wrapped and shipped on a small wooden pallet to your door. Have fun reading!

The Tax Code is full of loopholes, special interest givebacks, tax dodges for insiders, etc. such that Money Magazine used to (perhaps they still do?) give CPA's and accounting firms "faux" tax returns each year to have them figure the taxes owed. I never ONCE saw two firms return the SAME result - for the SAME return. There's your problem.

The so called 'Buffet Rule' is based on politics and class envy. The problem is the TAX CODE itself.

If you asked Buffet or Romney WHY they only pay 15% instead of the % that some secretary pays, if they were honest with their answer they would say; "Because I'm following the Tax Code rules ...and I'm smart."

Now Washington - Go to the source and FIX the F'ing Tax Codes!
__________________
Don't fear the reaper.
Old 04-17-2012, 01:01 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #4 (permalink)