CV.......how long till it's under control ?

[dennishoddy]

It's not just the KGB, err, IRS. A friend's dad was a veteran, and was deemed due some kind of VA cash benefits (dunno the details, but I think it for was a service-related illness). The VA successfully ran out the clock on him, and he died before the VA came across with the money. My friend had used some of the money from the VA (which had been deposited into his dad's checking account) for his dad's "final expenses" when the VA, having finally realized that they had successfully screwed another veteran, caused Omar Bradley to do one more rotation in his grave, and yanked the money back out of the account.

In my case, my ex-wife called me at work and was bawling her head off. Said a letter from the IRS had came in saying we owed them $40,000 because of a mistake on our return about child care expenses.
I didn't even make close to $40,000 back then. Subsequent phone calls to the IRS office in OKC with a line by line explanation of my return showed that the IRS actually owed me one dollar more. I always rounded up in their favor was the reason.
They put a lien on our home, checking and savings accounts. After hiring a lawyer we couldn't afford and having to repay him in installments for years, we got the IRS to pull the liens and clear us. No apology, no offer of reimbursement, it was just a story of so sorry about your luck. The Lawyer said he would sue, but how do you sue the IRS when you can't even afford a lawyer to do it? $10,000 later we paid the lawyer in full for taking our case.

 

[Dale00]

In my case, my ex-wife called me at work and was bawling her head off. Said a letter from the IRS had came in saying we owed them $40,000 because of a mistake on our return about child care expenses.
I didn't even make close to $40,000 back then. Subsequent phone calls to the IRS office in OKC with a line by line explanation of my return showed that the IRS actually owed me one dollar more. I always rounded up in their favor was the reason.
They put a lien on our home, checking and savings accounts. After hiring a lawyer we couldn't afford and having to repay him in installments for years, we got the IRS to pull the liens and clear us. No apology, no offer of reimbursement, it was just a story of so sorry about your luck. The Lawyer said he would sue, but how do you sue the IRS when you can't even afford a lawyer to do it? $10,000 later we paid the lawyer in full for taking our case.

Fairtax.org....sorry if it sounds like I am beating a dead horse but stories like this outrage me.

The FairTax is the means to replace the crazy-complicated, corrupt big govt income tax with a national sales tax, eliminate the ability of legislators to enrich themselves by passing tax loopholes for rich special interests and drive a stake through the heart of the IRS shutting it down. Sounds impossible???...not if 50 % of the public demand their legislators make it happen or they will be replaced.

 

[DavidMcmillan]

The "Fairtax" idea sounds like the answer. However, it isn't too far removed from the original income tax law. All fine in the beginning, and then Congress begins to make "improvements" or they decide it's time for comprehensive tax reform, and we are right back to where we are today.

 

[p238shooter]

To me the "Fairtax" is not fair to all. I have already been taxed at close to 50% of the $ I presently have gatheerd up to survive the rest of my life on. I am not interested in paying even more than the standard sales, real estate taxes, car tags, etc. I am still paying with what I have left. JMO

 

[CHenry]

To me the "Fairtax" is not fair to all. I have already been taxed at close to 50% of the $ I presently have gatheerd up to survive the rest of my life on. I am not interested in paying even more than the standard sales, real estate taxes, car tags, etc. I am still paying with what I have left. JMO

50%?! Yikes. can you elaborate as to why?

 

[ConstitutionCowboy]

To me the "Fairtax" is not fair to all. I have already been taxed at close to 50% of the $ I presently have gatheerd up to survive the rest of my life on. I am not interested in paying even more than the standard sales, real estate taxes, car tags, etc. I am still paying with what I have left. JMO

[Thread Drift]
With the Fair Tax you are only taxed on what you spend, and you get a "prebate" for up to a certain amount of what sales tax you might pay. It is possible to receive more in the prebate than you pay in by being frugal with what you buy. There would be no tax on used items.

You are already paying tax on a whole lot more than you think. Every corporation that makes stuff you buy pays corporate income tax. That corporate tax is included in the cost of goods you buy, so you are paying a tax through a proxy - - - plus local and state sales and income taxes, etc.

The reason our government will not legislate away the income tax is because of the control the income tax gives them. The income tax will have to be eliminated by a constitutional amendment that repeals the 16th Amendment. The only way that will happen is through a Constitutional Convention.

I believe instituting the Fair Tax would all but shut the door to any form of socialism as well.
[/Thread Drift]

Woody

 

[Dale00]

To me the "Fairtax" is not fair to all. I have already been taxed at close to 50% of the $ I presently have gatheerd up to survive the rest of my life on. I am not interested in paying even more than the standard sales, real estate taxes, car tags, etc. I am still paying with what I have left. JMO

Not sure if this addresses your concern or not, but if you are subject to any of the following, they would go away with the passage of the FairTax. .....FAQs at FairTax.org

Exactly what taxes are abolished?

The FairTax is replacement, not reform. It replaces federal income taxes including personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes.

 

[Fredkrueger100]

CV.......how long till it's under control ?

When is the Rapture?

Woody

Never. The rapture ain’t gonna happen. Jesus IS going to return and collect his elect and take them to heaven. That is it.

 

[p238shooter]

This to me is exactly why the "Fair Tax" would not be fair to me and most other retirees who saved any of their money over the years. Say the "Fair Tax" is 25% on everything you purchase. For someone who made $100 dollars last week with no payroll taxes in his pocket, he goes out and buys a $100 item and his total tax is $25.

For me to purchase that same item, I had to make close to $200 in 2008 (yes I was in a high tax bracket, but even lower ones are in a similar situation) and have already paid taxes on the $!00 I have in my pocket to purchase the same item and now would have to pay another $25 in "Fair taxes". His tax is a total of $25 on the money he made. My tax is $125 on the money I made to purchase the same $100 item. Fair? I don't think so.

 

[bigred1]

This to me is exactly why the "Fair Tax" would not be fair to me and most other retirees who saved any of their money over the years. Say the "Fair Tax" is 25% on everything you purchase. For someone who made $100 dollars last week with no payroll taxes in his pocket, he goes out and buys a $100 item and his total tax is $25.

For me to purchase that same item, I had to make close to $200 in 2008 (yes I was in a high tax bracket, but even lower ones are in a similar situation) and have already paid taxes on the $!00 I have in my pocket to purchase the same item and now would have to pay another $25 in "Fair taxes". His tax is a total of $25 on the money he made. My tax is $125 on the money I made to purchase the same $100 item. Fair? I don't think so.

Haven't you learned in the last couple of months we "baby boomers" are expendable. C'mon "take one for the team".