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View Diary: Dear Madame Speaker: Please raise my taxes ... (35 comments)

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  •  I hope you pay more taxes (3+ / 0-)
    Recommended by:
    bornadem, Joffan, Larsstephens

    I'm happy to hear that your better 95%'s misfortune turned to fortune.

    Good luck on your job prospects.

    Taxes can be a huge pain in the ass for small businesses but an individual in America is lucky to be able to complain about high taxes.

    look for my DK Greenroots diary series Thursday evening. "It's the planet, stupid."

    by FishOutofWater on Wed Sep 22, 2010 at 08:12:04 PM PDT

    •  Well ... (3+ / 0-)
      Recommended by:
      FishOutofWater, Joffan, Larsstephens

      the tax system gaming small business owner can, frequently, do extremely well in the system, sheltering tremendous amounts of basic expenses within the business.

      Taxes, in fact, can be a huge pain for all of us. Not sure how we get there, but a cleaning up of the tax code so that we all spend half the time thinking about/working on taxes would do nearly all of us (and the overall economy and society) a tremendous amount of good.

      Blogging regularly at Get Energy Smart NOW! for a sustainable energy future.

      by A Siegel on Wed Sep 22, 2010 at 08:16:23 PM PDT

      [ Parent ]

      •  Cleaning the code (0+ / 0-)

        Curious as to what you think that would consist of.  Flat tax?

        Also, raise your taxes by how much?  $1?  $1000?  1%?  10%?  And you would authorize Madam Speaker to decide how much and how it would be spent?

        Perhaps those are details outside the purview of your blog, but your comments naturally raise questions of detail, particularly when it comes to affecting the bank account.

        Ostriches have survived for a long time. So can you.

        by Tom 11 on Thu Sep 23, 2010 at 11:15:04 AM PDT

        [ Parent ]

        •  There are lots of things to do ... (0+ / 0-)

          Both in 'cleaning' and in balancing.

          1. There is too much confusion about what benefits disappear at what income levels.  There are child-care benefits that disappear as income go up. Employees can have FSAs for medical and health care, but the amount is cut in half for 'highly compensated employees' which, by the way, pays no attention to the overall financial structure/situation of the household.  There is a limit of $25,000/year of real estate loses that gets phased out as household income goes up.  Etc ... there are a myriad of messy tax situations. A version of 'simplification' -- while keeping such deductions, eliminate how all of these decrease as income goes up -- have a more progressive tax structure and build into the reality that those tax deductions will apply to much wealthier people as well.
          1. Lots of inflation adjustment things to do. For example, FSA-levels have been flat for decades ($5k/year), they should be increased (if kept).  And, well, simplification: they are use it or lose it, why not allow rollover of (let's say) twice the annual total limit that enables people (especially re health care) to establish a reserve fund that can help pay for major medical situation.  Household employee rules for unemployment are same level for decades -- which creates messy paperwork while likely makes many people simply skip paying the appropriate taxes.  
          1. Re 'taxes' -- raising my rates by a few percent with a clear understanding that less of my life is consumed with related paperwork/considerations would likely be acceptable.
          1. Not sure, on multiple levels, about 'flat tax' ...

          Some thoughts ...

          Blogging regularly at Get Energy Smart NOW! for a sustainable energy future.

          by A Siegel on Mon Sep 27, 2010 at 08:03:19 AM PDT

          [ Parent ]

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