#tax code

[dosesofcommonsense]

Here’s the truth: you cannot tax ____ionaires in the hope that they pay a “fair share”.

(1) The only fair tax is a 10% flat tax with zero deductions. If you make $500/year or $5M/year, that’s fair.

(2) The Federal Congress AND state congresses use taxes in order to increase spending. No one passes a zero balanced budget. Meaning, x is what you have to spend. You can’t spend more than x. Government doesn’t like that principle, because a zero balanced budget caps your spending AND pays off debt. Congress likes to kick the debt problem down the road for someone else to solve. Factor in that Congress gets to raise its own credit limits, and you have a nasty problem. We have out of control spending and get to continue raising our limits. To offset the spending, Congress isn’t cutting spending. Instead, they raise taxes and find new ways to tax everything.

With a 10% Flat Tax, that would be all the money Congress ever has to spend. Easy tax returns that a Caveman could do. No money back from the IRS. No owing money to the IRS or further docking your paychecks. 10% and that’s it.

(3) The tax code was written by business owners for business owners. You’re taxed on profit, not worth. As an individual, all income (your paychecks) are profit to you. As a business, there are legal ways to dispense income and thereby not have any profits to tax. In other words, if Income-Expenses=Zero then there are no Profits and no taxes on the non-existence of Profits. Do you realize how many business tax deductions there are?!

(4) The idea that you can tax anyone more just because it’s “fair” to you is ludicrous. You’re more wealthy than someone else. Why not tax you more? That ideology is the evil of socialism built off the fear of not having enough and encourages a divided society to envy others.

(5) You cannot tax the wealthy, but you can join the wealthy. That’s the advantage of capitalism: anyone, ANYONE, can rise above and succeed. Your limits are only limited by you, your fears, and your lack of knowledge. Get out there and learn. Do the work. Level up.

(6) Notes.

Rich is a term of comparison. You’re richer than me.

Wealth equals how many days you can go without needing a full-time job.

[colddeadfingerpeeler]

Now they can right off a blow job as "entertainment." It is essential for morale and board approved.

[caspianlegalcenter]

Transfer pricing rules in Azerbaijan. Here we explain transfer pricing requirements, documentation, reporting and updated penalties in 2025:

[oconnor2024]

What Are Tax Code Exemptions?

The Texas Tax Code provides exemptions for certain properties. Chapter 11, Subchapter C, explains eligibility criteria, helping you reduce your taxable property value legally For more information click here tax code

[thingsiwishihadknownsooner]

Art + Taxes = The Dirty Truth

[epitome-the-burnkid-viii]

[jbfly46]

The Anglo-Saxons and the Jews have destroyed their own institutions by refusing to use logic and reason when working within them. Why would anyone get married these days? So creditors that regularly fudge numbers and lie on credit reports can go after your spouse if they can’t get money out of you? So you can receive tax benefits until someone decides to prosecute you for tax fraud, because they finally noticed that tax law is so bloated and convoluted, that following one part of the tax code involves violating another part?

[cpapartners]

Supreme Court could make massive tax impact — or none at all

By Staff report

Moore v. U.S. could "basically get rid of, I don't know, a third of the tax code," former House Speaker Paul Ryan has said.

[nationallawreview]

IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

The IRS recently issued Notice 2024-73, which provides much-needed guidance on long-term, part-time (“LTPT”) employees in ERISA-governed 403(b) retirement plans. Following passage of the SECURE 2.0 Act, an employee is generally considered a LTPT employee if he or she works at least 500 hours per year for two consecutive years. Among other items, the Notice sets forth the IRS position on the…

[gothicvalentine]

Supreme Court hears a case that could wreak havoc on the tax code : NPR

"All of this gets to the critical question posed by the Moores, and their objection to paying a one-time $15,000 tax on an investment that is now worth more than 15 times its original value."

Why are so many super wealthy people so disgustingly greedy?!?!

They're taking this case to the Supreme Court because they don't want to pay $15,000. On an initial investment of $40,000, which is worth over $500,000 today.

Obviously, if the Supreme Court agrees, their decision would only help those at the very top. Of which most, if not all, of the Court members consist. 😠

[fvckwithmefamo]

Emergency Tax Code: What to Do When You're on It

Today we’re chatting about something we all hope we never have to deal with, but need to know about just the same: the emergency tax code. This is one area of the UK tax system that can often lead to confusion and, potentially, overpayment on tax, so we’ll cover everything you need to know about it. Understanding Tax Codes So, let’s start with the basics: tax codes. These little alphanumeric…

[oconnor2024]

Property Tax Right Protest | Tax Code | Sec. 41.41

Property tax appeals offer property owners a meaningful opportunity to reduce property taxes, correct errors in the description of their property and address a variety of other issues. This section of the Texas Property Tax Code delineates the basis for appeal before the appraisal review board. Most property tax protests (appeals) are based upon market value or unequal appraisal. To read more about the Sec 41.41 visit:- https://www.poconnor.com/property-tax-right-protest-41-41/

[a-compass-without-a-needle]

This is what happened after 3.1 isn't it?

[basket-of-radiants]

And before you ask, no, spren do not qualify as dependents.

[caesarflickermans]

SOTR read gets so much better once you start to picture Drusilla in some kind of domina outfit