S
snowmobiler
Well-known member
the captain said do what i want or ..............veto.so here we are.
congress and the debt ceiling..
- Thread starter ruffryder
- Start date
and congress can over ride a veto, so where are you?
IMO, this is a failure of all of our government, yes even the president. No one has the guts to do what is right for the country, as keeping there electability, or playing politics seems to be more important to them all.
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The President held a prime time address to the nation to encourage us to call our leaders. He could have just as easily asked us to support one of or parts of the plans layed out by HIS debt commission. He chose to go against those recomendations (and againt the conservatives plan).
He must think he has some "pimping" power or he wouldn't bother going on prime time television...he is our President. He has power when he wants to....look at Obamacare and the bailouts.
He certainly has no problem blaming Bush for most of our problems....but if the President has no power and it's all Congress, then we must place most of the blame on the Democratic Congress we have had since...what, 2006?
Some of Congress WAS willing to make the tough choices that they were elected to make. They got shot down with the VETO threat and by the Senate before they could even pass the proposal in the House. These proposals that were tabled were constructed to satify the credit rating agencies...they were not ignored by anyone but the Liberals who pushed for smaller cuts than the 4trillion that was needed to avoid a downgrade.
Don't you think Cut/cap/balance would have been a better choice as it would have (according to S&P) kept our AAA rating?
He must think he has some "pimping" power or he wouldn't bother going on prime time television...he is our President. He has power when he wants to....look at Obamacare and the bailouts.
He certainly has no problem blaming Bush for most of our problems....but if the President has no power and it's all Congress, then we must place most of the blame on the Democratic Congress we have had since...what, 2006?
Some of Congress WAS willing to make the tough choices that they were elected to make. They got shot down with the VETO threat and by the Senate before they could even pass the proposal in the House. These proposals that were tabled were constructed to satify the credit rating agencies...they were not ignored by anyone but the Liberals who pushed for smaller cuts than the 4trillion that was needed to avoid a downgrade.
Don't you think Cut/cap/balance would have been a better choice as it would have (according to S&P) kept our AAA rating?
I think it depends upon the company. If the company is an S-corp, then the company pays no income taxes. The owners pay income taxes as the profits are split between the share holders. It isn't a "getting taxed twice" circumstance like you stated for an S-corp.
C-corps do get the double hit, though there are also many costs that can be 100% deducted from the profits (I am assuming) many things that S-corps can not.
No wonder we have tax professionals, look how complicated this stuff gets..
It seems that capital gains can also come from dividends as well.
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WRONG! assets of S-corps are personall property to the share holders and are often taxable at least I pay personall proerty taxes on my equipment.(10 k per) plus the pass through income. real experience in these matter would be a real eyeopener for almost everyone who isnt self employed.
You are correct about the tax pros my personal return is 61 pages I would have 0 chace of wadding through that on my own. It is incredibily complex half the docs in my return are ????? to me. we really NEED to simplify taxes. we could gain so much in the way of efficiency it would be huge
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Isn't that what I said? The company pays no income tax, that responsibility is the share holders??
Also put a lot of people out of work too... but I do agree that it needs to be simplified greatly..
Written BY lawyers...FOR lawyers. 
IRS agents and my expensive *** acountant ! I think we will live!
its insane how the state will tax me and the the fed lets me write it off.
there are so many examples like this.It baffles me we dont just go to a flat user tax . its completly fair to everyone. oh but thats the last thing poor poeple want is fair tax rates that would mean they paid too!
IRS agents and my expensive *** acountant ! I think we will live!
its insane how the state will tax me and the the fed lets me write it off.
It baffles me we dont just go to a flat user tax . its completly fair to everyone. oh but thats the last thing poor poeple want is fair tax rates that would mean they paid too!
With the Feds it depends on what mood the auditor is in that particular day....lots of grey areas. Then they can drag their feet and milk out a simple audit for 2 years....virtually guaranteeing the IRS a bigger paycheck with more interest and penalties. Yep, great system! I can guarantee they have spent more $$ on me in auditor time and postage in the last 2 years than they will be collecting. Your tax dollars at work.
It is never about not spending more money than it takes to collect. It is about making an example and making sure that more people don't cheat on there taxes. You know, the principle of the thing..I can guarantee they have spent more $$ on me in auditor time and postage in the last 2 years than they will be collecting. Your tax dollars at work.
I think the IRS is proud of the statement "Death and Taxes".
I think different taxes is more applicable, as in your situation your are not getting taxed on INCOME twice.
There was no "cheating" involved. It's about stepping up audits on average people that don't have a team of lawyers to stick up for them in the hopes they will just pay. The IRS is the one cheating by trying to disallow even basic deductions like property tax and mortgage interest. Having to pay a lawyer to get the IRS to obey their own rules is ridiculous.....I blame Obama since it's his admin that has stepped up the audits.
Maybe extra taxes is most apllicable.
There was no "cheating" involved. It's about stepping up audits on average people that don't have a team of lawyers to stick up for them in the hopes they will just pay. The IRS is the one cheating by trying to disallow even basic deductions like property tax and mortgage interest. Having to pay a lawyer to get the IRS to obey their own rules is ridiculous.....I blame Obama since it's his admin that has stepped up the audits.
Sorry, I didn't mean to imply cheating, just that audits, even if there is no wrong doing, help to limit cheating.
