Next President - Abolish the IRS

J

jem

--- Cruz is one step away from my formula for the next president.
get rid of personal income taxes and just cap spending. We will inflate into a balanced budget but have a huge... economic expansion.
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http://www.dailymail.co.uk/news/art...vention-direct-assault-U-S-tax-authority.html

Ted Cruz, the rock-ribbed conservative Texas senator who figures to be a factor in the 2016 U.S. presidential election, told thousands of conservatives Thursday morning that the IRS should go the way of the dodo.
'We need to abolish the IRS,' he said, calling instead for a flat income tax rate and a user-friendly tax return that can be filed on a postcard.
That verbal gauntlet, thrown as much at a near-century of tax collection as at the Obama administration, was Cruz's biggest applause line.
'By virtue of your being here today,' he jokingly cautioned the nation's largest annual gathering of politically conservative activists, 'tomorrow each and every one of you is going to be audited by the IRS.'
On Wednesday the former IRS official in charge of vetting nonprofit groups that seek tax-exempt charitable status refused, for the second time, to tell a congressional committee what she knew about the scandal.


Read more: http://www.dailymail.co.uk/news/art...-assault-U-S-tax-authority.html#ixzz2vD0Ow2vY
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Thanks for the post, brother Jem.
Ted Cruz is right.
This terrorist organization should definitely be deleted.

When the IRS is finally removed from the boundaries of this formerly free land, the economy will blast upwards, sky high, and there will be an explosion of entrepreneurs.

Free at last...Free at last...Free at last...Thank GOD almighty, we will be free at last!
 
jem said:
...On Wednesday the former IRS official in charge of vetting nonprofit groups that seek tax-exempt charitable status refused, for the second time, to tell a congressional committee what she knew about the scandal....
More...

Exsqueeze me?
Scandal?
There was no scandal.

Not one smidgen.



LMAO
 
Where's the revenue going to come from? All business taxes? Investment taxes? Excise taxes? Customs duties?

My plan is as follows:

Personal: Online filing only
Based upon US income only
First $50K tax-free (increased 2% per year)
No other deductions, exemptions, or credits
15-year ladder to reduce rate from initial 30% to 15%
1 income bucket - no distinction between wage income, investment income, interest/dividend income, etc


Business: based upon worldwide gross revenue (to eliminate offshoring schemes)
first $1M in revenue tax-free (need to protect small businesses)
$1,000,001 - $1B - 2% of gross revenue
$1,000,000,001 to $5B - 4% of gross revenue
above $5B - 25% of gross revenue (the goal is to get rid of the really big businesses in favor of a lot of smaller businesses)

A business is everything that isn't a person - partnerships, corporations, LLCs.

Sole proprietorship will need to be eliminated. Doesn't make sense, financially or liability-wise, and you can't keep track of them.

Personally, I would love to see the elimination of the accounting, HR Block, and tax software industries. And I would love to see the elimination of 90%+ of the IRS' head count. Not to mention the elimination of the all the printed forms and booklets.

I have no opinion on the current state of excise taxes.

Regarding customs duties, I view the world as a global marketplace. Ultimately, duties should benefit consumers, not businesses, so the customs rates should be low to encourage importing, but not 0% since the bad apples will abuse it to eliminate competition. And, of course, on-shoring is more beneficial, like what Toyota and Honda have done...
 
blah12345678 said:
Where's the revenue going to come from? All business taxes? Investment taxes? Excise taxes? Customs duties?

My plan is as follows:...
More...

Blah...blah...blah....

Brother Blah, I'm going to do one of the biggest favors for you that anyone has ever done for you:

If you are serious about tax reform, go to your libray and check this book out: The Fairtax Book by Neal Boortz and John Linder.

Otherwise, a flat tax would be a grand improvement in the USA, compared to the mess we are in currently.

www.fairtax.org
 
Tsing Tao said:
A consumption based tax. The IRS is not needed, then.
More...

We'll still need an alphabet agency. Someone needs to collect the taxes. And verify the forms.

Also, the number of transactions will greatly exceed the number personal/business tax returns. Probably by a factor of 1,000 or more (i.e figure all transactions you do in a year, multiply that by the number of adults and businesses).

What's the plan for the logistics?

Do we eliminate cash/barter/trade transactions?
Do we link all the cash registers and/or credit card terminals to a central processing center? Or is there a separate terminal just for the gov't?
Do the transactions/taxes funnel to separate state agencies, or a single federal agency, which is then responsible for dispersal to state and local governments.
Do the funds automatically get deducted from the business bank accounts? Over what time frame?
Or do the businesses have to file forms and electronically deposit the funds due, like they do with payroll taxes?
Do businesses pay the tax when buying wholesale or do the customers upon resale? Or both?
What about services? Are services subject to consumption taxes? Lawyer services? Doctor's appt? Hospital stays? Car wash? Paying the babysitter?

Lot of questions....
 
blah12345678 said:
We'll still need an alphabet agency. Someone needs to collect the taxes. And verify the forms.

Also, the number of transactions will greatly exceed the number personal/business tax returns. Probably by a factor of 1,000 or more (i.e figure all transactions you do in a year, multiply that by the number of adults and businesses).

What's the plan for the logistics?

Do we eliminate cash/barter/trade transactions?
Do we link all the cash registers and/or credit card terminals to a central processing center? Or is there a separate terminal just for the gov't?
Do the transactions/taxes funnel to separate state agencies, or a single federal agency, which is then responsible for dispersal to state and local governments.
Do the funds automatically get deducted from the business bank accounts? Over what time frame?
Or do the businesses have to file forms and electronically deposit the funds due, like they do with payroll taxes?
Do businesses pay the tax when buying wholesale or do the customers upon resale? Or both?
What about services? Are services subject to consumption taxes? Lawyer services? Doctor's appt? Hospital stays? Car wash? Paying the babysitter?

Lot of questions....
More...

Let me guess. You support keeping the IRS? Did you vote for Obama?
 
Tsing Tao said:
A consumption based tax. The IRS is not needed, then.
More...
A comsumption based tax AND an income tax is what you will get. It's a fantasy to believe or to hope that income taxes will ever be done away with.
 
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