Gee, I can't wait to pay my taxes - Page 6

Pompey · Feb 15, 2007, 03:53 AM

Quote:

Originally Posted by temeteus82

Well we aren't so far from Sweden. Since our systems are very similar... Since elections are coming every political party is saying they lower taxes. And they've done so but the people who's income is lover than 2000� haven't got any real benefit from it. Only those who has much hinger incomes... And I bet they are going to make rich man ricer and poor man poorer ...

We had that here during the last elections.
Employment hit record lows, the economy was booming and it meant that the government was running enormous operating surplus's (AS a percentage of GDP, our surplus was second only to Norway which gets its wealth from fossil fuels).
The opposition focused it campaign on tax cuts (its advertising was appalling by nz standards, its ad is on youtube). They pledged to have 85% of the country paying a tax rate of 19.5% (I dont know how) among other things. Thankfully they lost.

Yousaif · Feb 16, 2007, 04:51 AM

Quote:

Originally Posted by DudeBoyz

I think they dropped that.

Did the taxes and got a credit for it, said it was eliminated during the 2006 year and got a refund.

Nice...

Edit - found a link about it:

Telecom tax imposed in 1898 finally ends | CNET News.com

Whoops I thought that the 9/10 of a cent per gallon of gas was for that too. I actually researched it and found I was wrong.

~~DudeBoyz~~ · Feb 16, 2007, 05:08 AM

Quote:

Originally Posted by Yousaif

Whoops I thought that the 9/10 of a cent per gallon of gas was for that too. I actually researched it and found I was wrong.

I can totally understand how that could happen. The tax code is so complex it's hard to keep track of what is going on.

What I do know is they take a lot of my money, but I do hope they at least put it to good use.

Speaking of putting money to good use, there is a slice of Pizza just waiting for me to buy it and chomp it down with a swig of Pepsi...

Maddogg6 · Feb 16, 2007, 10:31 AM

Quote:

Whoops I thought that the 9/10 of a cent per gallon of gas was for that too. I actually researched it and found I was wrong.

Yeah - they don't even show that on gas station signs anymore - I remember as as kid - I thought using that was deceptive at some level; I mean - '9/10 of a penny' - talk about accounting nightmares - but I also wonder if THAT was intentional too. ??
"With confusion comes opportunity" - anyone in law enforcement and the military will say that.

Yousaif · Feb 16, 2007, 04:50 PM

Quote:

Originally Posted by Zelig

Are you serious? I don't claim to know much about the IRS or the US tax system, but that amount seems excessive... either way, I'm interested now, if you can link some sources, that would be great.

Sorry I didn't see this earlier. The figure of $251 Billion comes from the money it costs to run the IRS added to the amount of money that corporations and individuals pay out every year for tax preparation, tax accountants, and tax lawyers every year PLUS the wage effect of payroll taxes.

For example: FairTax.org - Frequently Asked Questions

A person that makes $40,000 per year under the current tax system, pays $2,810 in income taxes and $3,060 in payroll taxes for a total of $5,870 in taxes (14.7 percent). In addition, their employer pays another $3,060 in payroll taxes. Most economists agree that the employer payroll tax is actually borne by employees in the form of lower wages.

Actually, looking at some updated figures, it looks like the number is higher than the original I found.

From FairTax.org - Frequently Asked Questions Answers

Quote:

It is estimated that Americans spend at least $265 billion a year to comply with the tax code � nearly $900 for every man, woman, and child in America. That is three years' worth of spending on the Iraq war. Billions of dollars in compliance costs are wasted each year and we have nothing of value to show for this expenditure � not one single productive service or product is added to our nation�s wealth. It is estimated that the FairTax dramatically cuts such compliance costs, perhaps as much as 95 percent.

Bah sorry, horrible post, but you hopefully get the gist. I just woke up.