|
Federal Income Tax Reform Suggestion Box
01-06-2011, 11:54 AM
|
#1
|
Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
|
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
|
|
|
|
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!
|
01-06-2011, 02:53 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,888
|
Quote:
Originally Posted by Lisa99
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
|
|
|
01-06-2011, 02:54 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
|
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.
|
|
|
01-06-2011, 04:40 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
This is also the severe audit volunteer line, isn't it?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
01-06-2011, 07:57 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by brewer12345
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
|
|
|
01-06-2011, 09:49 PM
|
#6
|
Thinks s/he gets paid by the post
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
|
|
|
01-07-2011, 06:18 AM
|
#7
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Quote:
Originally Posted by haha
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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
01-07-2011, 08:30 PM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
|
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).
|
|
|
01-07-2011, 09:05 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
|
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.
|
|
|
01-07-2011, 09:41 PM
|
#10
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
|
Quote:
Originally Posted by samclem
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!
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
01-07-2011, 11:03 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
|
Quote:
Originally Posted by brewer12345
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.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|