More Donald Rumsfeld Known Unknowns

[Remodeling Maidiac]

What a dumbass, I can do taxes for people all day long, even did them before computers did them...

Says the man with squat for income or deductions. You're not very "smert"

Hardly, you must think because of my medical condition I am indignant....I did my own business taxes and helped other self employed people do theirs....I started in the 1970's..My Grandad was a retired attorney and state legislature member (1951-1964) in OKC. So I read his law library and learned tax code...

Well I'll be damned. Who knew that EVERYONE ELSE had access to a law library at home to utilize before doing their taxes. If only we could all be so "smert"

 

[g5000]

If we had a simplified, flat tax, the economy would actually be growing and creating at least double the jobs it now does.

Do you really believe the rich are going to go for a 30% flat tax with no deductions? BWAH HA HA! The interest on the national debt is a trillion dollars a year. Pay off the debt and your taxes WILL BE LOWER.

The top tax rate could be much lower than 30% if we banned all tax expenditures.

That's the whole point. All those tax expenditures are costing us more than welfare and food stamps and ObamaPhones combined.

By banning tax expenditures, we could pay down our debt and lower tax rates. And once the debt was paid off, we could lower tax rates even more!

 

[Moonglow]

If you have been to college you can read tax code..if not, you're not very smert....

Not very smert?

How Many Words are in the Tax Code?



2,652 pages is much longer than the ACA, by the way.

Statutes and Regulations: However, a tax practitioner who relies just on the tax statutes will go to jail, because so much of federal tax law is in IRS regulations, revenue rulings, and other clarifications. Congress will set down a policy and leave it to the IRS to write all the rules to implement it. These regulations aren’t short: the National Taxpayer Advocate did a Microsoft Word word count of the tax statutes and IRS regulations in 2012, and came up with roughly 4 million words. Again at roughly 450 words per page, that comes out to around 9,000 pages. The National Taxpayer Advocate also noted that the tax code changed 4,680 times from 2001 to 2012, an average of once per day.

Question for Moonglow - and no fair using search engine.


What's on page 3,692 of the IRS regulations?

as you learn in law school, it is not as important to memorize every code or code annotated as it is to learn how to research..

IRS regulations on what? Each title of the code has it's own page numbers, so I would need to know which title you are asking about..and then which section #. Just like in law, you have the US code annotated and a state code annotated...but there are many volumes of the Code annotated. Not just one..unless you are using the US or state code annotated reference book, you could be lost for hours researching.

What is so nice now is Turbo Tax software that does the majority of the work for you now.

 

[g5000]

Oh...one more thing hangover:

The interest on the national debt is a trillion dollars a year.

That's a lie. Manufactured bullshit.

Don't do that.

Interest Expense on the Debt Outstanding

 

[boedicca]

I doubt most people want to spend weeks of their lives each year studying up on tax code changes, bub.

 

[boedicca]

Oh...one more thing hangover:

The interest on the national debt is a trillion dollars a year.

That's a lie. Manufactured bullshit.

Don't do that.

Manufactured yes...but if interest rates were normal instead of the artificially low due to ZIRP, we'd be approaching that level.

 

[Moonglow]

Says the man with squat for income or deductions. You're not very "smert"

Hardly, you must think because of my medical condition I am indignant....I did my own business taxes and helped other self employed people do theirs....I started in the 1970's..My Grandad was a retired attorney and state legislature member (1951-1964) in OKC. So I read his law library and learned tax code...

Well I'll be damned. Who knew that EVERYONE ELSE had access to a law library at home to utilize before doing their taxes. If only we could all be so "smert"

Now you can research on the internet.. making my rotting law books relieved...

 

[Contumacious]

If you have been to college you can read tax code..if not, you're not very smert....

Really?

IRS Can't Do The Math


IRS centers established to help people prepare their tax returns gave incorrect answers - or no answer at all - to 43 percent of the questions asked by Treasury Department investigators posing as taxpayers.

.

 

[Moonglow]

I doubt most people want to spend weeks of their lives each year studying up on tax code changes, bub.

probably not, but does not mean you can't try...although it is as interesting as reading the Bible....

 

[Moonglow]

If you have been to college you can read tax code..if not, you're not very smert....

Really?

IRS Can't Do The Math


IRS centers established to help people prepare their tax returns gave incorrect answers - or no answer at all - to 43 percent of the questions asked by Treasury Department investigators posing as taxpayers.

.

I get the same thing from McDonalds and Taco Bell, when they can't even make an order correctly...
I stopped using the IRS to help in the eighties....just read the fine print.

 

[g5000]

Oh...one more thing hangover:

The interest on the national debt is a trillion dollars a year.

That's a lie. Manufactured bullshit.

Don't do that.

Manufactured yes...but if interest rates were normal instead of the artificially low due to ZIRP, we'd be approaching that level.

You have touched upon a paradox. The reason we have such high debt is because the Fed is buying US debt to keep the interest rate low.

ZIRP is welfare for the financial services sector at the expense of everyone else. It is a massive transfer of wealth up the ladder.

 

[Moonglow]

Law is just like when I learned electronic and electrical trades, they have their own language. All you have to do is learn the language used to decipher the problem and evaluate the necessity....

 

[Moonglow]

Oh...one more thing hangover:


That's a lie. Manufactured bullshit.

Don't do that.

Manufactured yes...but if interest rates were normal instead of the artificially low due to ZIRP, we'd be approaching that level.

You have touched upon a paradox. The reason we have such high debt is because the Fed is buying US debt to keep the interest rate low.

ZIRP is welfare for the banks at the expense of everyone else. It is a massive transfer of wealth up the ladder.

But many don't seem to mind that....

 

[g5000]

Manufactured yes...but if interest rates were normal instead of the artificially low due to ZIRP, we'd be approaching that level.

You have touched upon a paradox. The reason we have such high debt is because the Fed is buying US debt to keep the interest rate low.

ZIRP is welfare for the banks at the expense of everyone else. It is a massive transfer of wealth up the ladder.

But many don't seem to mind that....

They are ignorant of it. Big difference.

 

[Contumacious]

Law is just like when I learned electronic and electrical trades, they have their own language. All you have to do is learn the language used to decipher the problem and evaluate the necessity....

That's all bullshit.

It was NEVER intended for wage and salary earners to pay an "income " tax except in cases of emergency and then only for two years.

The "income tax' of 1913 did not apply to wage earners which exempted those who made less than $3500 GOLD OR SILVER DOLLARS.

The Victory Tax of 1942 should have been abolished in 1944 but it wasn't.

Those laws have their own language known as SOCIALISM, the welfare/warfare state is a CONTINUING CRIMINAL ENTERPRISE.

.

 

[Moonglow]

Law is just like when I learned electronic and electrical trades, they have their own language. All you have to do is learn the language used to decipher the problem and evaluate the necessity....

That's all bullshit.

It was NEVER intended for wage and salary earners to pay an "income " tax except in cases of emergency and then only for two years.

The "income tax' of 1913 did not apply to wage earners which exempted those who made less than $3500 GOLD OR SILVER DOLLARS.

The Victory Tax of 1942 should have been abolished in 1944 but it wasn't.

Those laws have their own language known as SOCIALISM, the welfare/warfare state is a CONTINUING CRIMINAL ENTERPRISE.

.

sure, if you ain't smert enough to learn the rules, just make up BS...

 

[g5000]

The Victory Tax of 1942 should have been abolished in 1944 but it wasn't.

It was: Brief Explanation of the Victory Tax

SEC 6. REPEAL OF VICTORY TAX
(a) In general. Subchapter D of Chapter 1 (relating to the victory tax) is repealed.
(b) Technical amendments.
(1) Section 3 (relating to classification of provisions) is amended by striking out the following:
"Subchapter D--Victory tax on individuals, divided into parts and sections."
(2) Section 56(f) (cross reference) is amended by striking out ", 144, and Part II of Subchapter D" and inserting in lieu thereof "and 144".
(3) Section 103 (relating to rates of tax on citizens and corporations of certain foreign countries) is amended by striking out "and 450" wherever appearing therein and inserting in lieu thereof "and 400".
(4) Section 131(a) (relating to taxes of foreign countries and possessions of the United States) is amended by striking out "or section 450".
(5) Section 131(i) (relating to tax withheld at source) is amended by striking out "466(e)" and by inserting in lieu thereof "35".
(6) Section 145(e) (cross reference) is amended to read as follows: [remainder of section omitted]

 

[Zander]

Rumsfeld is right.

 

[TooTall]

What a dumbass, I can do taxes for people all day long, even did them before computers did them...

The question is are they accurate?

 

[TooTall]

Not very smert?

How Many Words are in the Tax Code?



2,652 pages is much longer than the ACA, by the way.

I have used

Question for Moonglow - and no fair using search engine.


What's on page 3,692 of the IRS regulations?

as you learn in law school, it is not as important to memorize every code or code annotated as it is to learn how to research..

IRS regulations on what? Each title of the code has it's own page numbers, so I would need to know which title you are asking about..and then which section #. Just like in law, you have the US code annotated and a state code annotated...but there are many volumes of the Code annotated. Not just one..unless you are using the US or state code annotated reference book, you could be lost for hours researching.

What is so nice now is Turbo Tax software that does the majority of the work for you now.

I have used Turbo Tax software for years and always wondered why they have to update it so many times from when I buy it in February until I finalize my taxes in April.