Even the experts can’t do their taxes
Tax law is getting so complex that even the president of the Federal Reserve Bank of New York—and soon-to-be Secretary of the Treasury—can’t understand it. Maybe it’s time to think about Taxes Made Easy again.
- L.A. TIMES: Obama’s Treasury secretary owed $26G’s in taxes, but it’s O.K.
- “Isn’t this—together with Charlie Rangel’s problems—an argument for tax simplification? I mean, if the Chairman of Ways and Means, and the Treasury Secretary nominee—who’s head of a Federal Reserve Bank—can’t keep their taxes straight, how can the government expect the rest of us to?”
- Sarah Palin’s Tax Problem?
- Make sure you read it to the end. Minor tax problems can be major, and major ones minor, in the media’s eye. It all depends on one little letter.
- Obama’s Judgement: Treasury Pick “Forgot” To Pay His Taxes & Kept Money Given As Reimbursements For Money He Never Paid
- “And when exactly did he finally pay those taxes? After Obama named him treasury secretary, and after the vetting team found the little itty bitty oversight. Just a tiny mistake you see.”
- Obama Treasury nominee oversaw Citigroup’s descent into the toilet
- “In the case of Citigroup, evidently it meant a lot of rhetoric about making sure banks have enough capital to offset their risk while politely ignoring Citi making riskier and riskier deals as its capital dwindled.”
- Is Tax Complexity Inevitable?
- “Complexity burns off real wealth from society while providing no offsetting benefit—something economists call a ‘deadweight loss.’ How large is that loss? The U.S. Treasury estimates the cost of compliance with the federal income tax alone is $125 billion per year.”
- Americans Suffer as Tax-Law Complexity Gets Tougher, Citizen Group's Annual Study Finds
- “Taxpayers using any of the 1040 tax form series will spend an average of 24.2 hours and $207 completing their returns this year, up from 23.3 hours and $179 three years ago.”
More taxes
- Growth does not pay for itself
- Growth that doesn’t pay for itself is cancerous growth. It isn’t the growth of population that gets more expensive, but the expanding grasp of government.
- Tax me to the church on time
- The left wants to take the policies that are consolidating small businesses into larger ones, and use them to consolidate small churches into larger ones. They want to leverage milker bills and rent-seeking in religion.
- How did Donald Trump qualify for a middle-class tax break?
- Trump qualifies for tax breaks because we have a complex tax system that encourages anyone who can afford to, to hire tax lawyers. Big government needs a complex tax system to survive.
- Income tax vs. national sales tax
- There is no such thing as a fair tax. All we can do is try for the simplest, most unobstructive tax we can find.
- Twelve cookies on a plate
- There are twelve cookies on a plate. The left says that they can feed the poor by taking that rich guy’s cookies away, and leaving yours alone.
- 26 more pages with the topic taxes, and other related pages
Remember: Trump reassures crowd after assassination attempt fails. (read more…)
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