Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
Tax Reform - a 'baby step'?
Old 02-13-2006, 09:52 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 5,428
OK, I've read quite a bit on the various tax reform proposals, and unfortunately, I think meaningful tax reform is dead-on-arrival, as the politicians are addicted to using tax programs as carrot/stick.

So, how about a very practical, baby step, that does not try to take away that power? Here's my modest proposal:

PROPOSAL: Citizens should demand that the 2007 tax rules and forms are *finalized* and publicly available by Jan 1, 2007. That's it!

BENEFITS:

A) The Tax Software companies could actually have their programs ready for the tax season (TurboTax is still issuing updates - maybe some is their fault, but it sure would help them if they knew the rules in advance.)

B) Citizens could actually do their taxes a little each month, and actually be done on Dec 31 - just verify year end statements with your W2s, 1099s and other forms received in January and you are done!

C) Citizens could actually do some real tax planning - look at your 2006 taxes, enter assumptions into the available 2007 forms and see the effects of tax decisions.

This just does not seem like too much to ask. Just help make it a little easier for us to comply with our tax responsibilities. And they could still add things like the Katrina assistance as a separate addendum, w/o changing the basic forms.

I'm ready to write my representatives, but thought I'd try for some feedback from this forum first. Any suggestions? Good/bad idea? Waste of time? If good, anything else to push it? I may write to the TurboTax forum also.

-ERD50
ERD50 is offline   Reply With Quote
 


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

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
tri-country tax evasion? lazygood4nothinbum FIRE and Money 2 12-30-2006 08:03 PM
Taxes tryan Other topics 0 12-08-2006 08:45 AM
When are estimated tax payments necesary? WanderALot FIRE and Money 12 04-18-2006 05:54 PM
Tax compliance costs 22c for every dollar collected cute fuzzy bunny Other topics 15 01-19-2006 03:36 AM
Bush floats a national sales tax dex FIRE and Money 22 08-17-2004 08:15 AM


Other Social Knowledge forum communities:
Cooking Forum - Sailing Forum - Early Retirement - Airstream Trailer - Aquarium Forum - Royal Forum - Book Forum - Volkswagen Touareg Forum - Jeep Wrangler Forum - Whitewater Kayaking & Rafting Forum - Fiberglass RV Forum - RV Forum - Truck Conversion - U2 Music Forum
Investing Channel
All times are GMT -6. The time now is 10:34 AM.
Powered by vBadvanced CMPS v3.0.1
Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0