Quote:
Originally Posted by LarryBible
Works for me. At this point, most anything looks better than the IRS rates and methods as we know them.
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No you don't know them all and THAT is the point. When my company gets taxed, I pass it on to you. So, since you didn't really know that, you can't figure out how much it cost you to buy my product and this can go all the way from beginning to end. At each stage, you pay a tax although you don't know it. Any fool can say "If I make $100K, I pay the IRS $Y". Nobody can tell me how much I paid in taxes total, direct and indirect. And that is EXACTLY the scam. You think you are paying less to the IRS and thus paying less taxes. Indirectly you might be paying more but because it will nickle and dime you to death but not come out in a lump sum, you will gloss over it and forget it.
Joe Politician promises you "I will lower your tax bill" and you see it in your IRS form so you think he is a hell of a guy. But he affords the lowering of taxes here by taking it over there and there and there. But since you don't see it, well, "out of sight, out of mind". You don't protest since you don't know better. Overspend? No problem. Take it out of yet another cash pile. So while a lot of people tell me "Oh, your tax burden is lower than back in 1940", it is true and yet not true. You cannot verify it. My accountant cannot verify it either since it is so convoluted.
I like the POS tax with ABSOLUTELY NO DEDUCTIONS OR REBATES or what ever you wish to call it. Plain, simple, easy and fair. No way you get to say "Oh but I have 5 kids so I get a break" or "Oh, I have 2 billion in tax shelters and write off things and I want a break". You spend, you pay. I'll bet the IRS can be reduced to 5% of what it is today with that.