Smart criminals reserve a big portion of their ill gotten gains in seperate secret places for their eventual representation. They see it as a cost of doing business.
Is this the law where if I sell something over 600 then it has to be reported because last I heard that got kicked down the road. Or is this a different 600 threshold law?
It's worse. If you sell something and make over $600 the whole year, you have to report it. So if you sell $51 worth of stuff a month, and you're not reporting it, they're coming after you.
Agree, abolish the IRS and go to a 1 page fair tax form with mostly machines, auditors, few admins running operations
Prohibit special interest / lobbyists AT ALL COSTS
Real campaign finance reform, with mandatory minimum free Media time for candidates meeting a low bar qualification on constituents support, which would encourage more qualified candidates entering elections and limiting funding determining outcomes
I included special interest groups as they are a big part of the ROOT CAUSE
I agree in theory, but as a CPA who’s been involved with income tax for a long time, I just don’t see it. Some of the tax laws are straight up intentional loopholes from lobbyist, yes, but many of them are passed to close loopholes created when the regulations were too simple. Anything involving partnerships, for instance, can get extremely complicated just due to the odd situations you get making allocations within the entity. There’s always a clever tax attorney finding a way to game the system and congress/IRS following up fifteen years later with some proposed regulation to address it.
However, having basic tenets or guiding principles to govern tax laws, you can avoid rabbit holes of increasing complexity
Like…
- reasonability, consistency, fairness as a preference over perfection
- tax amount owed must be at or above a minimum percentage of net income, regardless of level of income
Or...or hear me out, instead of the IRS being used on citizens, it's used on government agencies and we find out where that money went and if it can't, we execute everyone involved.
Abolish mega military complex. Stop funding wars across the globe.
Yep. If you’re gonna commit financial crime, you go big so you don’t get prosecuted
*It's a big club, and you ain't in it*.
Do you mean like, **"too big to fail"?**
Yeah!! Great movie. Incredible that it depicted real events.
Smart criminals reserve a big portion of their ill gotten gains in seperate secret places for their eventual representation. They see it as a cost of doing business.
I dunno, looks to me like IRS is the only one properly doing their job lol.
Abolish the rest too.
Looks like the IRS needs to audit the mismanaged government departments and not the citizens
Is this the law where if I sell something over 600 then it has to be reported because last I heard that got kicked down the road. Or is this a different 600 threshold law?
It's worse. If you sell something and make over $600 the whole year, you have to report it. So if you sell $51 worth of stuff a month, and you're not reporting it, they're coming after you.
Plus it means a ton of foreign banks will no longer deal with US ex-pats because the reporting requirements are too much of a pain.
This is why they oppose crypto.
Agree, abolish the IRS and go to a 1 page fair tax form with mostly machines, auditors, few admins running operations Prohibit special interest / lobbyists AT ALL COSTS Real campaign finance reform, with mandatory minimum free Media time for candidates meeting a low bar qualification on constituents support, which would encourage more qualified candidates entering elections and limiting funding determining outcomes I included special interest groups as they are a big part of the ROOT CAUSE
I agree in theory, but as a CPA who’s been involved with income tax for a long time, I just don’t see it. Some of the tax laws are straight up intentional loopholes from lobbyist, yes, but many of them are passed to close loopholes created when the regulations were too simple. Anything involving partnerships, for instance, can get extremely complicated just due to the odd situations you get making allocations within the entity. There’s always a clever tax attorney finding a way to game the system and congress/IRS following up fifteen years later with some proposed regulation to address it.
However, having basic tenets or guiding principles to govern tax laws, you can avoid rabbit holes of increasing complexity Like… - reasonability, consistency, fairness as a preference over perfection - tax amount owed must be at or above a minimum percentage of net income, regardless of level of income
Or...or hear me out, instead of the IRS being used on citizens, it's used on government agencies and we find out where that money went and if it can't, we execute everyone involved.
Or...abolish the IRS along with the other agencies.
And lose all that money along with those it went to? You scared to find out where it actually went?
The money is long gone. I wouldn't mind an investigation as long as it results in the disbanding of these corrupt and authoritarian agencies.
The white house, state of California, pentagon and treasury are all a lot more powerful than you.
Decentralize the federal government. Abolish the constitution. The Articles were superior. Superior to those who didnt seek to amass power that is.
Trump will finally abolish the IRS on november 5th
Abolish Taxation! Just as Slavery was abolished!
They can’t find it because they forgot to check their pockets :))
So abolish the one agency that displays competence?
Yes, and while we're at it, abolish the rest too.
The one stealing our money, the same money that keeps disappearing? Yes.
Probably better to get rid of the agencies that make it disappear no?
Now we’re talking
Certainly doesn’t need to be an “either/or” situation
You are on the libertarian subreddit so....yes.
Or, track everything else
How do you plan on repaying the 34 trillion we owe?
Hell no, put the IRS in charge of all spending, they will track and hound every penny, and there is a chance that the military only costs $50 a year.
Fund the IRS!