[ ]   [ ]   [ ]                        [ ]      [ ]   [ ]

NY Times Strands - Proclivities - Jul 17, 2025 - 6:10am
 
NYTimes Connections - Proclivities - Jul 17, 2025 - 5:35am
 
Radio Paradise Comments - Coaxial - Jul 17, 2025 - 5:35am
 
Wordle - daily game - Proclivities - Jul 17, 2025 - 5:26am
 
Today in History - Red_Dragon - Jul 17, 2025 - 5:13am
 
Trump - Red_Dragon - Jul 17, 2025 - 4:45am
 
July 2025 Photo Theme - Stone - Alchemist - Jul 16, 2025 - 11:10pm
 
What the hell OV? - oldviolin - Jul 16, 2025 - 8:41pm
 
Movies to avoid? - Red_Dragon - Jul 16, 2025 - 7:24pm
 
Baseball, anyone? - kurtster - Jul 16, 2025 - 5:47pm
 
Name My Band - oldviolin - Jul 16, 2025 - 3:30pm
 
Russia - R_P - Jul 16, 2025 - 3:15pm
 
Things You Thought Today - black321 - Jul 16, 2025 - 1:53pm
 
Israel - R_P - Jul 16, 2025 - 1:48pm
 
The Marie Antoinette Moment... - oldviolin - Jul 16, 2025 - 1:36pm
 
260,000 Posts in one thread? - oldviolin - Jul 16, 2025 - 1:31pm
 
New Music - R_P - Jul 16, 2025 - 1:05pm
 
Trump Lies™ - Proclivities - Jul 16, 2025 - 12:39pm
 
Play the Blues - black321 - Jul 16, 2025 - 11:06am
 
Climate Change - R_P - Jul 16, 2025 - 10:56am
 
But Why? - Red_Dragon - Jul 16, 2025 - 9:53am
 
Live Music - oldviolin - Jul 16, 2025 - 9:53am
 
Great Old Songs You Rarely Hear Anymore - GeneP59 - Jul 16, 2025 - 9:32am
 
Pernicious Pious Proclivities Particularized Prodigiously - R_P - Jul 15, 2025 - 10:46pm
 
Are they married yet? YES THEY ARE! - buddy - Jul 15, 2025 - 9:20pm
 
Photography Forum - Your Own Photos - KurtfromLaQuinta - Jul 15, 2025 - 8:41pm
 
Strips, cartoons, illustrations - R_P - Jul 15, 2025 - 7:07pm
 
Radio Paradise NFL Pick'em Group - sunybuny - Jul 15, 2025 - 3:05pm
 
Beyond mix - victory806 - Jul 15, 2025 - 12:53pm
 
What Makes You Laugh? - Isabeau - Jul 15, 2025 - 12:35pm
 
Alexa Skill - buddy - Jul 15, 2025 - 12:12pm
 
Where is the airplane? - rgio - Jul 15, 2025 - 9:42am
 
Gardeners Corner - Coaxial - Jul 15, 2025 - 6:42am
 
Trouble with Verizon? Or Tailscale? - jarro - Jul 15, 2025 - 6:39am
 
Bug Reports & Feature Requests - bobrk - Jul 14, 2025 - 3:56pm
 
Economix - R_P - Jul 14, 2025 - 3:27pm
 
Immigration - R_P - Jul 14, 2025 - 3:11pm
 
Artificial Intelligence - R_P - Jul 14, 2025 - 11:16am
 
Fox Spews - R_P - Jul 14, 2025 - 10:52am
 
What is the meaning of this? - rgio - Jul 14, 2025 - 10:44am
 
Fascism In America - Red_Dragon - Jul 14, 2025 - 9:59am
 
• • • The Once-a-Day • • •  - oldviolin - Jul 14, 2025 - 8:04am
 
Why atheists swallow, - black321 - Jul 14, 2025 - 8:00am
 
USA! USA! USA! - ColdMiser - Jul 14, 2025 - 7:57am
 
On Life as Art- heard it on KTRT 95.7 - KurtfromLaQuinta - Jul 14, 2025 - 7:56am
 
Comics! - KurtfromLaQuinta - Jul 14, 2025 - 7:53am
 
Music Videos - black321 - Jul 14, 2025 - 7:51am
 
M.A.G.A. - R_P - Jul 13, 2025 - 3:53pm
 
Infinite cat - Isabeau - Jul 13, 2025 - 11:37am
 
Dialing 1-800-Manbird - oldviolin - Jul 13, 2025 - 11:35am
 
Talk Behind Their Backs Forum - VV - Jul 12, 2025 - 9:16pm
 
Europe - R_P - Jul 12, 2025 - 6:30pm
 
Democratic Party - R_P - Jul 12, 2025 - 1:37pm
 
A motivational quote - steeler - Jul 11, 2025 - 6:58pm
 
Beyond... - GeneP59 - Jul 11, 2025 - 6:35pm
 
Protest Songs - R_P - Jul 11, 2025 - 12:38pm
 
True Confessions - oldviolin - Jul 11, 2025 - 11:56am
 
Jess Roden - legendary UK vocalist - and "Seven Windows" ... - J_C - Jul 11, 2025 - 11:22am
 
It seemed like a good idea at the time - ptooey - Jul 11, 2025 - 6:10am
 
Country Up The Bumpkin - KurtfromLaQuinta - Jul 10, 2025 - 9:13pm
 
TV shows you watch - R_P - Jul 10, 2025 - 5:31pm
 
Wasted Money - GeneP59 - Jul 10, 2025 - 5:22pm
 
Rock mix / repitition - walk2k - Jul 10, 2025 - 4:31pm
 
How's the weather? - GeneP59 - Jul 10, 2025 - 3:21pm
 
Random Solutions - Random Advice - oldviolin - Jul 10, 2025 - 10:11am
 
Spambags on RP - KurtfromLaQuinta - Jul 10, 2025 - 9:02am
 
misheard lyrics - GeneP59 - Jul 10, 2025 - 6:30am
 
New Song Submissions system - Teja - Jul 10, 2025 - 3:36am
 
TEXAS - Red_Dragon - Jul 9, 2025 - 5:57pm
 
DQ (as in 'Daily Quote') - black321 - Jul 9, 2025 - 11:33am
 
Republican Party - Red_Dragon - Jul 9, 2025 - 7:50am
 
Outstanding Covers - oldviolin - Jul 8, 2025 - 9:29pm
 
Musky Mythology - R_P - Jul 8, 2025 - 5:43pm
 
Love & Hate - oldviolin - Jul 8, 2025 - 8:15am
 
Anti-War - R_P - Jul 7, 2025 - 6:45pm
 
Index » Regional/Local » USA/Canada » Taxes, Taxes, Taxes (and Taxes) Page: 1, 2, 3 ... 75, 76, 77  Next
Post to this Topic
haresfur

haresfur Avatar

Location: The Golden Triangle
Gender: Male


Posted: Mar 7, 2025 - 6:06am

 rgio wrote:

The US needs to automate the tax system after simplifying the tax code.  Eliminate all of the deductions and exclusions that can't be automated.   Instead of being "self-assessed", taxes should be withheld at a transaction level, and returns should be used as a means of refund.  Here's your tax bill for the year....based on these items of income and deduction (which we automatically received - like TurboTax used to).  If you agree...thanks and have a nice day.  No return.  No accountant.  Taxes paid.    If it's wrong, tell us and file.   You have a year to file for a refund.

Here, at least, and I think in the US taxes on capital gains are taken out based on some voodoo calculation on the increased value of the stock or fund. So there is no transaction - just that the value has gone up and we don't want to wait for you to cash out to get our share. Maybe I'm wrong, I'm a financial idiot.
islander

islander Avatar

Location: West coast somewhere
Gender: Male


Posted: Mar 6, 2025 - 2:50pm

 rgio wrote:

Taxes have 2 components:  Base and rate.  Discussing one without the other is pointless, yet doing so in the US is impossible.  NOBODY can assess the impact of a change in the tax code now the way that it's done.  Nobody.

That's a problem.

I have worked in taxation since the 80s, and my "network" has been buzzing since the DOGE discussion of eliminating half of the IRS started.  We need too many people administering our system, but you don't fire all of your sales people as a way to save money.  IRS agents have a net positive cash flow.  The US is undercollecting on owed taxes by about $700 Billion per year.  That number will go up.... while Trump talks about $5M "gold-cards" as a means to reducing the debt?  It's absolute, unadulterated insanity.

The US needs to automate the tax system after simplifying the tax code.  Eliminate all of the deductions and exclusions that can't be automated.   Instead of being "self-assessed", taxes should be withheld at a transaction level, and returns should be used as a means of refund.  Here's your tax bill for the year....based on these items of income and deduction (which we automatically received - like TurboTax used to).  If you agree...thanks and have a nice day.  No return.  No accountant.  Taxes paid.    If it's wrong, tell us and file.   You have a year to file for a refund.

We need an efficient, automated, functional government, paid for with taxes.  Those who earn more should pay more (thankfully).

Elon Musk and Donald Trump have money because of the system, not in spite of it.  Their attempts to destroy it now is greed and arrogance.  


Yes to all of this. Unfortunately, we have an entire industry tied up in having complicated taxes.  When people make money off a problem, it's hard to make the problem go away.
rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Mar 6, 2025 - 8:54am

 black321 wrote:

Good idea, could it happen?
At the same time, keep corporate taxes low, and raise the friggin capital gains tax for gains above say $50,000 a year. 


You pay sales tax at a transaction level, and the result is corporate only filings and in rare instances personal adjustments.  Why not have a similar process for income taxes?  

EDITORS NOTE: US sales taxes are a cluster-cuss that should not be duplicated, and instead standardized and simplified also.

So... if you agree with simplicity and automation....keep it simple.  Capital gains for those with under $500k in income are taxed at the lower of 28% or the marginal rate.  Anyone over $500k pays regular marginal taxes.  Here's the calc we did for you....here's the refund we calculated.... if you don't agree, stop by the office or schedule a web-meeting on our automated calendar.

Have a nice day.

For 98% of Americans.... life just got better.  For the 2% hiding income or not filing or whatever... things also got better, just a bit more expensive.

black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Mar 6, 2025 - 6:59am

 rgio wrote:

Taxes have 2 components:  Base and rate.  Discussing one without the other is pointless, yet doing so in the US is impossible.  NOBODY can assess the impact of a change in the tax code now the way that it's done.  Nobody.

That's a problem.

I have worked in taxation since the 80s, and my "network" has been buzzing since the DOGE discussion of eliminating half of the IRS started.  We need too many people administering our system, but you don't fire all of your sales people as a way to save money.  IRS agents have a net positive cash flow.  The US is undercollecting on owed taxes by about $700 Billion per year.  That number will go up.... while Trump talks about $5M "gold-cards" as a means to reducing the debt?  It's absolute, unadulterated insanity.

The US needs to automate the tax system after simplifying the tax code.  Eliminate all of the deductions and exclusions that can't be automated.   Instead of being "self-assessed", taxes should be withheld at a transaction level, and returns should be used as a means of refund.  Here's your tax bill for the year....based on these items of income and deduction (which we automatically received - like TurboTax used to).  If you agree...thanks and have a nice day.  No return.  No accountant.  Taxes paid.    If it's wrong, tell us and file.   You have a year to file for a refund.

We need an efficient, automated, functional government, paid for with taxes.  Those who earn more should pay more (thankfully).

Elon Musk and Donald Trump have money because of the system, not in spite of it.  Their attempts to destroy it now is greed and arrogance.  

Good idea, could it happen?
At the same time, keep corporate taxes low, and raise the friggin capital gains tax for gains above say $50,000 a year. 

rgio

rgio Avatar

Location: West Jersey
Gender: Male


Posted: Mar 6, 2025 - 6:18am

 Isabeau wrote:
Absolutely. Re-invest, not use to purchase more stock.

Taxes have 2 components:  Base and rate.  Discussing one without the other is pointless, yet doing so in the US is impossible.  NOBODY can assess the impact of a change in the tax code now the way that it's done.  Nobody.

That's a problem.

I have worked in taxation since the 80s, and my "network" has been buzzing since the DOGE discussion of eliminating half of the IRS started.  We need too many people administering our system, but you don't fire all of your sales people as a way to save money.  IRS agents have a net positive cash flow.  The US is undercollecting on owed taxes by about $700 Billion per year.  That number will go up.... while Trump talks about $5M "gold-cards" as a means to reducing the debt?  It's absolute, unadulterated insanity.

The US needs to automate the tax system after simplifying the tax code.  Eliminate all of the deductions and exclusions that can't be automated.   Instead of being "self-assessed", taxes should be withheld at a transaction level, and returns should be used as a means of refund.  Here's your tax bill for the year....based on these items of income and deduction (which we automatically received - like TurboTax used to).  If you agree...thanks and have a nice day.  No return.  No accountant.  Taxes paid.    If it's wrong, tell us and file.   You have a year to file for a refund.

We need an efficient, automated, functional government, paid for with taxes.  Those who earn more should pay more (thankfully).

Elon Musk and Donald Trump have money because of the system, not in spite of it.  Their attempts to destroy it now is greed and arrogance.  
Isabeau

Isabeau Avatar

Location: sou' tex
Gender: Female


Posted: Mar 6, 2025 - 5:44am

 islander wrote:


Our tax rates should definitely be re-evaluated, and the wealthy should pay a higher effective rate than everyone else. But no one ever paid 91%. At the time, there were a LOT more deductions you could take. But the basic (correct) premise was - If you don't use your money to keep things happening in the economy, we'll take it and make things happen in the economy. 

Money is just a tool. If you leave it in the bank it doesn't do any good. If you use it, it creates things, feeds people, fixes problems. 


Absolutely. Re-invest, not use to purchase more stock.
islander

islander Avatar

Location: West coast somewhere
Gender: Male


Posted: Mar 5, 2025 - 3:04pm

 Red_Dragon wrote:


Ah, the good old days.


Our tax rates should definitely be re-evaluated, and the wealthy should pay a higher effective rate than everyone else. But no one ever paid 91%. At the time, there were a LOT more deductions you could take. But the basic (correct) premise was - If you don't use your money to keep things happening in the economy, we'll take it and make things happen in the economy. 

Money is just a tool. If you leave it in the bank it doesn't do any good. If you use it, it creates things, feeds people, fixes problems. 
Red_Dragon

Red_Dragon Avatar

Location: Gilead


Posted: Mar 5, 2025 - 1:44pm



Ah, the good old days.
miamizsun

miamizsun Avatar

Location: (3283.1 Miles SE of RP)
Gender: Male


Posted: Mar 17, 2023 - 10:09am

 pilgrim wrote:


Earth is just a fancy name for us!

HiYa J 




 d     

happy st pats day
Red_Dragon

Red_Dragon Avatar

Location: Gilead


Posted: Mar 17, 2023 - 10:08am

 lily34 wrote:


whut?


An apparently bad play on Nietzsche. 
pilgrim

pilgrim Avatar

Location: outlier


Posted: Mar 17, 2023 - 10:04am

 miamizsun wrote:


earth needs you!


Earth is just a fancy name for us!

HiYa J 
miamizsun

miamizsun Avatar

Location: (3283.1 Miles SE of RP)
Gender: Male


Posted: Mar 17, 2023 - 10:01am

 lily34 wrote:





earth needs you!
lily34

lily34 Avatar

Location: GTFO
Gender: Female


Posted: Mar 17, 2023 - 9:50am

 miamizsun wrote:


the world is a better place with you in it
so don't go anywhere!




miamizsun

miamizsun Avatar

Location: (3283.1 Miles SE of RP)
Gender: Male


Posted: Mar 17, 2023 - 9:47am

 lily34 wrote:


whut?


the world is a better place with you in it
so don't go anywhere!
lily34

lily34 Avatar

Location: GTFO
Gender: Female


Posted: Mar 17, 2023 - 9:45am

 Red_Dragon wrote:


but, did you die?


whut?
Red_Dragon

Red_Dragon Avatar

Location: Gilead


Posted: Mar 17, 2023 - 9:36am

 lily34 wrote:



  OMG i forgot all about that. thank goodness, no!


but, did you die?
lily34

lily34 Avatar

Location: GTFO
Gender: Female


Posted: Mar 17, 2023 - 8:39am

 Proclivities wrote:

I hope there's not a dentist's office in the building.  




  OMG i forgot all about that. thank goodness, no!
Proclivities

Proclivities Avatar

Location: Paris of the Piedmont
Gender: Male


Posted: Mar 16, 2023 - 1:46pm

 lily34 wrote:

i just got a new job. back to working in a small local accounting (tax accounting, etc) office, and it's all coming back to be after being out of this game for 7+ yrs now. i'm hoping i don't have nightmares....because, so far so good.


I hope there's not a dentist's office in the building.  

miamizsun

miamizsun Avatar

Location: (3283.1 Miles SE of RP)
Gender: Male


Posted: Mar 16, 2023 - 1:26pm

 lily34 wrote:

i just got a new job. back to working in a small local accounting (tax accounting, etc) office, and it's all coming back to be after being out of this game for 7+ yrs now. i'm hoping i don't have nightmares....because, so far so good.





lily34

lily34 Avatar

Location: GTFO
Gender: Female


Posted: Mar 16, 2023 - 10:19am

i just got a new job. back to working in a small local accounting (tax accounting, etc) office, and it's all coming back to be after being out of this game for 7+ yrs now. i'm hoping i don't have nightmares....because, so far so good.
Page: 1, 2, 3 ... 75, 76, 77  Next