Another Obama nominee runs into tax problems

[ninetoes]

"Another Obama nominee runs into tax problems"

http://www.google.com/hostednews/ap/article/ALeqM5he3IQ-64mCJfIPp2593C4Qqlhn8AD9C28F3G0

[IaNsSyAlNuE]

"Another Obama nominee runs into tax problems"

http://www.google.com/hostednews/ap/article/ALeqM5he3IQ-64mCJfIPp2593C4Qqlhn8AD9C28F3G0

Hey I have an idea. Each time Obama nominates one of these tax evaders they hurry up and pay their back dues taxes! Maybe that is his democratic strategy to get these dems to pay their taxes. Keep nominating people like the above woman that did not pay her taxes until nomination and then of course there seems to be a few more taxes she owes for deductions that were not allowed to be taken.

[ninetoes]

Hey I have an idea. Each time Obama nominates one of these tax evaders they hurry up and pay their back dues taxes! Maybe that is his democratic strategy to get these dems to pay their taxes. Keep nominating people like the above woman that did not pay her taxes until nomination and then of course there seems to be a few more taxes she owes for deductions that were not allowed to be taken.

LOL and her job will be to oversee American policies on issues including the International Monetary Fund, the World Bank and international tax treaties once she is confirmed. Always amazes me, people who cant get their own taxes straight are put into positions to oversee others taxes.

[Brat2002]

LOL and her job will be to oversee American policies on issues including the International Monetary Fund, the World Bank and international tax treaties once she is confirmed. Always amazes me, people who cant get their own taxes straight are put into positions to oversee others taxes.

These individuals are sure good at seizing other people's money, but they just hate parting with their own hard earned dollars. I don't think it's that they can't get their taxes straight because they must be smart enough to understand what a legal deduction is. For heaven's sake, I am sure they can hire an accountant to get it right. They just don't want their money to be redistributed.

[Carol25]

Thos just amazes me. Is it the people that Obama knowsa, the people who live in and around Washington or just politicians?

What is the point of "saving" $120.00 from your taxes when you make that much? And taking improper deductions? Is the tax form a game to these people? And no one ever serves time, but it excused by their party?

I am beginning to think a flat tax with no deductions may be the way to go. Then they will hide their income.

[IaNsSyAlNuE]

Awwww TBI .... "Tit-for-Tat"goes on all the time on the boards.

jmo

BTW .... I wonder if this thread is an attempt to blame the President for other people's tax problems ??

Honestly Lady why would you think that? Seems IMO, you are reading far too much into the fact that people (to include) elected officials do not pay their taxes. Obama has nominated many a person who either removed their name or was investigated with an abundance of tax problems. Many of whom have been serving in an appointed position whose job it is to enforce tax code while breaking it themselves.

I say the vetting process BEFORE nomination will help Obama quite a bit. After he has nominated that many with problems it would do him a world of good.

[ninetoes]

:confused: iirc The role of sire and dam are not interchangeable, while nurturing is individual. IMO Some men make better 'mothers' than some women.

However, what are your thoughts on tax problems? Personally I feel the tax code should slow down any accusation of 'tax cheat,' before having more than the cursory info available from the 24/7 infotainment that passes as news. imo

Im for a flat tax. get rid of all deductions, tax codes etc. You make XX...you pay YY.

[cbhope]

Im for a flat tax. get rid of all deductions, tax codes etc. You make XX...you pay YY.

I prefer a federal tax on purchases. That way, what you make is not a factor rather what you spend. Those that sell drugs would pay in the end for money that they get where they don't now among other people who evade taxes by not reporting their income.

[ninetoes]

I prefer a federal tax on purchases. That way, what you make is not a factor rather what you spend. Those that sell drugs would pay in the end for money that they get where they don't now among other people who evade taxes by not reporting their income.

True, but we lose millions in "non taxable interest" earned by the mega wealthy. We wouldnt gain near that much by drug sellers shopping at walmart.

[cbhope]

True, but we lose millions in "non taxable interest" earned by the mega wealthy.

Then have specific taxes for those types of earnings, just not on wages.

[ninetoes]

Then have specific taxes for those types of earnings, just not on wages.

Then we are back to complicated tax laws, which are easily abused, in my opinion.

[LisaM22]

Im for a flat tax. get rid of all deductions, tax codes etc. You make XX...you pay YY.
I am for a flat tax too, tax everyone for all income (Job, stock, interest, gift, inheritance, ect) - one flat tax

give everyone rich or poor a 30k tax credit and call it good

[cbhope]

Then we are back to complicated tax laws, which are easily abused, in my opinion.

True, but I don't think they'd be as easily abused. It is not possible to get paid under the table however with these types of earnings, they are easily tracked by the IRS, etc. due to regulations and requirements for reporting. Whereas with wages, some people just do not file their tax returns and the IRS will not go digging to match up W-2's with returns. I just think it is unfair that illegally obtained money is not federally taxable and we bear the burden for the low lifes that are selling drugs or working under the table, making tons of money and paying nothing for it. Why should those who make an honest living pay for those that choose to cheat the system or do illegal things?

[cbhope]

Ahhhh yes, because drug dealers that cbhope mentioned are paying taxes on all of that drug money and the people working under the table just do that because they can. GMAB

There are reason drug dealing is illegal and they do not pay taxes. There are reason why employers pay under the table-- to avoid taxes!

It is quite simple and clear cut! LOL

Drug dealers do not issue W2's and neither do employers issue W-2
to those who work under the table.

Ian, let me start by saying how sorry I was to hear of your recent loss. Losing a parent is one of the worst things that a person has to suffer in their lifetime.

As for the comments from the poster you quoted, some people have no clue what other people do for a living. If they did, they would feel about the size of an ant with shame. That is, if they could feel anything other than self loathing that is projected upon others to make him/herself feel superior. :biggrin:

[cbhope]

You are exactly right. These interest bearing instruments are next to impossible to not report.

The real problem is with the illegal trade and the underground economy. Whenever you have someone performing a service at your home, it is hit and miss whether taxes are being paid on this amount.

Exactly.

A federal tax paid at the time of purchasing items would increase tax income for the government because normally those that do not file returns or do not get paid legitimately (sp?) do not pay fed taxes but they buy high end items. For instance, a drug dealer who makes megabucks buys the big fancy cars with fancy rims and loud (obnoxious) sound systems with money not taxed to them. Make them pay the tax at the time of purchase and they may not feel so rich.

[ninetoes]

True, but I don't think they'd be as easily abused. It is not possible to get paid under the table however with these types of earnings, they are easily tracked by the IRS, etc. due to regulations and requirements for reporting. Whereas with wages, some people just do not file their tax returns and the IRS will not go digging to match up W-2's with returns. I just think it is unfair that illegally obtained money is not federally taxable and we bear the burden for the low lifes that are selling drugs or working under the table, making tons of money and paying nothing for it. Why should those who make an honest living pay for those that choose to cheat the system or do illegal things?

Because that's life, and always will be. You cannot stop dishonesty.

[LisaM22]

Exactly.

A federal tax paid at the time of purchasing items would increase tax income for the government because normally those that do not file returns or do not get paid legitimately (sp?) do not pay fed taxes but they buy high end items. For instance, a drug dealer who makes megabucks buys the big fancy cars with fancy rims and loud (obnoxious) sound systems with money not taxed to them. Make them pay the tax at the time of purchase and they may not feel so rich.

end the war on drugs, save money from the cost of the war and end the drug dealers tax free income, tax the drugs