Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Federal Income Tax Reform Suggestion Box
Old 01-06-2011, 12:54 PM   #1
Thinks s/he gets paid by the post
Lisa99's Avatar
 
Join Date: Aug 2010
Location: The Villages
Posts: 1,322
Federal Income Tax Reform Suggestion Box

There is a fed-sponsored suggestion box for how to fix the federal tax code. This link is: Contact Us
__________________

__________________
Lisa99 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-06-2011, 03:53 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,255
Quote:
Originally Posted by Lisa99 View Post
There is a fed-sponsored suggestion box for how to fix the federal tax code. This link is: Contact Us

For me, this falls in the category of "if you have to ask, what's the point?".

I may still take a look, but I'll just point to that 2004 (IIRC) bi-partisan proposal on tax simplification. It was far from what is needed, but it did have some substance to it.

Heck, I might even add something - There will be no tax code that is not definitive. Don't use weasel words like 'essentially similar' (as used in wash sale rules). It either is a wash or it isn't. One cannot invoke "ignorance of the law is no excuse" to the common man when even the lawmakers cannot provide the answer.

heh-heh - I'll stop now, I feel a rant coming on

(edit/add) heh-heh - I'm back:

Quote:
This year’s report is dedicated to the hardy souls who have worked actively over the years for tax reform and tax simplification, and to the busy majority of U.S. taxpayers who are cheering for them to succeed.”
Nina E. Olson, National Taxpayer Advocate
Umm, was there a report last year? What happened?

-ERD50
__________________

__________________
ERD50 is offline   Reply With Quote
Old 01-06-2011, 03:54 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,811
Thanks for the link. I didn't expect it from the IRS. But, I tried and couldn't get past the anti-spam challenge. I'll try again later.
__________________
Independent is offline   Reply With Quote
Old 01-06-2011, 05:40 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
This is also the severe audit volunteer line, isn't it?
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 01-06-2011, 08:57 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Quote:
Originally Posted by brewer12345 View Post
This is also the severe audit volunteer line, isn't it?
I guess your cynicism runs in the same river as mine.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 01-06-2011, 10:49 PM   #6
Thinks s/he gets paid by the post
retire@40's Avatar
 
Join Date: Feb 2004
Posts: 2,670
Replace the income tax with a national real estate tax.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Old 01-07-2011, 07:18 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by haha View Post
I guess your cynicism runs in the same river as mine.

Ha
Let's just say that an idea of how things work inside the gubmint machinery (operating at three guinea pig power) makes me just a touch unlikely to ever submit a suggestion.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 01-07-2011, 09:30 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 2,707
At little glitch in the income tax. If you have company stock in a 401k and withdraw the stock you pay capital gains on any value increase over what you (or your employeer paid). Since TPTB want to discourage company stock as an investment, why not just make it like any other withdrawl. (I suspect this also applies to deferred comp plans where employeers pay bonuses in stock, so it will be hard to fix).
__________________
meierlde is offline   Reply With Quote
Old 01-07-2011, 10:05 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,614
As a start, maybe Mr Geitner could just sit down again with TurboTax and have his staff take notes as he walks through the preparation of his 2010 return. Anything that's not clear gets special attention.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 01-07-2011, 10:41 PM   #10
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by samclem View Post
As a start, maybe Mr Geitner could just sit down again with TurboTax and have his staff take notes as he walks through the preparation of his 2010 return. Anything that's not clear gets special attention.
Hopefully an Intuit team will also be standing by to pay special attention to the parts that are their fault!
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 01-08-2011, 12:03 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,811
Quote:
Originally Posted by brewer12345 View Post
This is also the severe audit volunteer line, isn't it?
I sent them an opinion. I've been known to write my congressman, too.

If I suddenly stop posting, you'll know they came to get me.
__________________

__________________
Independent is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
My 2010 income tax exceeds the average household income soupcxan FIRE Related Public Policy 96 01-01-2011 11:23 AM
Local (city) income tax when working on Federal land? gindie Other topics 3 05-16-2007 01:36 PM
Federal Income Taxes - How Much Paid GMueller FIRE and Money 24 03-01-2007 03:10 PM

 

 
All times are GMT -6. The time now is 05:29 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.