Quote Of The Day

“Losing two experienced officials will make it even harder for the IRS to administer and enforce the tax code.”Caroline Ciraolo (ex-somebody at the IRS)

Good.  No, excellent.

Now all we have to do to help these pore IRS souls is simplify the tax code — e.g. flat tax of 8% on gross earnings, no brackets, no exemptions and no deductions for individuals;  and 1% corporate rate on gross sales, no deductions.
#PostcardTaxReturns

5 comments

  1. What do you call two IRS agents on leave / removed from service (and hopefully eventually fired)?

    A GOOD START

    Hope there’s more to come.

    These assholes are professional vacuums that suck money out of working peoples wallets and into the government stash to be wasted.

    We do not need any more of, in fact we need far less of the agents that participate in the redistribution of wealth.

    1. Very razor thin tiny ass small profit margin with both selling food (supermarkets) and fast foods.

      That’s why you don’t see too many independents in supermarkets. Even the “smaller” markets are many locations.

      Fast food many owners have several locations to be able to get a profit.

      Then the politicians and irs (aka parasites) want their taste of someone else’s hard working. Fucking scum.

  2. “ Now all we have to do to help these pore IRS souls is simplify the tax code — e.g. flat tax of 8% on gross earnings, no brackets, no exemptions and no deductions for individuals; and 1% corporate rate on gross sales, no deductions.
    #PostcardTaxReturns”

    I’m with you on a small flat tax for businesses.

    However for individuals NO INCOME TAX. Only consumption tax. If you buy goods and services you pay a tax at time of sale. If your poor or working class and you want to save money you only buy what you need and your saving money.

    Items that shouldn’t be taxed

    – food
    – clothing
    – services (water, electric, propane)

  3. Almost ALL corporate income tax is extremely regressive, which pretty much everyone, most notably Dems/Socialists/Marxists can’t seem to comprehend. Granted, if you’re building and selling luxury yachts or supercars it’s a different story, but poor people don’t buy those.

    Allow me to offer an example: George Soros doesn’t give a shit about corporate income tax from the income side (he mostly dodges those anyway), and he sure as hell doesn’t care that his $4.00 tube of Pepsodent carries a 15% surcharge (60¢ in this simplified case) from Church & Dwight to cover that tax cost. It’s one hell of a lot bigger chunk of her income for the single mother of two in Chicago with limited means to have to pay to defray the corporate cost of paying the tax. Same deal with all the daily expeneses we all incur in the course of living our lives.

    Those not-so-little bites don’t impnge on the wealthy; to a degree they do add up for those of us in the middle class, but for those who are really poor it’s a BIG bite.

    Corporate income tax also punishes conscience savers — a lot of whom are seniors and disciplined wage-earners — whose invenstments in 401ks and Roths get siphoned off by the inevitable reductions in corporate balance sheets.

    For those reasons I’m a big advocate of the consumption tax concept.

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