Hey Congress, Why Don’t You…? Flat Tax.
Beth S. writes: Two words: flat tax.
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Hey Congress, Why Don’t You…? Eliminate Benefits For Having Kids
David Smith writes: If I could make one change in the tax code, I would eliminate any benefits for having children. I chose to be single. I chose not to have children. I am appalled to see how much our tax system subsidizes having children. It is welfare, just put forth another way. I already…
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Hey Congress, Why Don’t You…? Fix The AMT
Eric Satterley writes: An immediate need is to change the alternative minimum tax recapture law. On stock options you were forced to pay the alternative minimum tax even if you exercised any options (even if you did not sell the stocks). The law was that you could recapture/apply the tax paid toward the capital gains…
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Hey Congress, Why Don’t You…? Estate Tax & Dividends
Scott Lovingood writes: Two specifics that should be addressed immediately. Stop double taxation 1) Eliminate the estate tax. You pay taxes on everything you make and then you get taxed again when you die? Tell me that makes any sense. 2) Stop taxing Dividends on personal accounts- Companies have already paid taxes on the profit…
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Hey Congress, Why Don’t You…? Tax Bad Behaviors
Donna Peeples writes: I have seen a lot of articles in the paper about taxing sodas and foods that are bad for you. I say, “Why not?” I used to be a smoker. At one point, I was up to two packs a day. When New Jersey raised their cigarette tax, I stopped because my…
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Hey Congress, Why Don't You…?
A few weeks ago, I asked my readers to chime in… What, I wondered, would you tell Congress that needed to be fixed, changed or eliminated when it came to taxes? Over the next few days, I’m posting your answers. Some short, some not, some predictable, some surprising… I hope you enjoy reading each other’s…
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Congress Puts Brakes On Health Care Reform
Despite President Obama’s plan to push through a massive health care reform bill before the August break, it will not happen. Sen. Harry Reid (D-NV) said about the bill, “I think that it’s better to have a product that is one that’s based on quality and thoughtfulness rather than trying to jam something through.” Sen….
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Health Care Plan Leaves Huge Hole In the Budget
In an effort to fund their massive health care plan, members of Congress are scrambling to find revenue. After searching under their car seats and sofa cushions for extra change, they have basically admitted that the well is simply dry. And that proposal to tax employer-provided health care benefits? It’s just not picking up enough…
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Congress Proposes Federal Tax On Downloaded Music
Despite the Obama administration’s efforts to close the gap between decreasing revenues and increasing expenditures, the federal deficit is expected to soar this year. Congress has been scrambling for ways to find extra dollars and one Congressman believes he’s found a way: tax online music. It’s no wonder. The number of songs sold online is…
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Slight Majority Of Americans Favor Stimulus
As the stimulus plan works its way through the Senate, it appears to be losing popularity among US taxpayers. At the end of 2008, taxpayers were clamoring for a stimulus package, although there was not a lot of agreement as to what should be included. So Congress and President Obama went to work. What has…