Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts

Sunday, December 5, 2010

Abolish Income Tax and FICA Withholding Now!



Abolish Withholding

Here is the problem: we can elect and send to Washington DC all the conservative Representatives and Senators we can. And when they get there and try to reign in the Federal Government, the Progressives, Unions, Entitlement supporters, and powerful lobbying groups come together to squash those efforts.

What to do?

We have to get the vast majority of Americans behind efforts to shrink the size of Government!

How to do that?

There are two ways to force the effort to pare back Government:

1. Use the strategy of "Starve the Beast"

2. Show every American, every day, how much he/she is paying in taxes

How to do that?

Abolish withholding of Federal Income Tax and FICA. Go back to the system where each American holds back a portion of their earnings to send it in at the end of the year. Then each and every American will clearly see how much of their hard earned money is going to Washington DC.

But can we really do that?

Sure we can! Before WWII that was the way the system worked. But in the early 1940's the Government needed to step up the rate of tax collection to pay for the war effort. A group in the Treasury Department, including famed economist Milton Friedman, developed the withholding policy and this was implemented in July 1943. It was even touted as a way "to relive the taxpayer from having to do the work of setting aside his own money. Now it would all be done for him".

So, how can we do it?

We all have to contact our Representatives and Senators and let them know we want legislation introduced into the Congress to repeal withholding---NOW!

What will this do?

1. It will let every American see how much of their hard earned pay is going to Washington

2. It will build broad-based support for cutting back spending in Washington

3. When our elected Representatives propose legislation to cut back the size of Government, The People will be a large, vocal lobby in support of those efforts

4. As size of Government is reduced, spending will go down, deficits will be eliminated, and we can begin to pay off our debt.

Contact your Elected Representatives Now----Abolish Withholding!!!!!

Sunday, July 11, 2010

Big Brother: digging deeper at the IRS



The mammoth government agency known as the IRS will implement rules hidden in the depths of ObamaCare to dig deeper into minute business transactions in search of "hidden" transactions in the hope of pulling in more tax revenue for the Federal Govt, read it all here.

The new regulations, which kick in at the start of 2012, require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year. That promises to launch a fusillade of new paperwork: An estimated 40 million taxpayers will be subject to the requirement, including 26 million who run sole proprietorships, according to a report released this week by National Taxpayer Advocate Nina Olson.

Let's say you own a Landscaping business, you have two employees and you buy gasoline, parts, equipment, supplies from a dozen different vendors over the year. As part of your tax process you have to issue all these 1099's. That means you have to gather all this info, segment the transactions, total them up, fill out the 1099's, and issue them.

What does any of that activity add to value of your business?

Nothing.

Again, the IRS is a massive intrusion on the American people and American business.

Revenues could be collected with a National Sales Tax or Fair Tax and the IRS and all its forms could become history.

But they LIKE to know what you are doing!

Thursday, February 4, 2010

No More IRS Letters...........just look



The IRS wants to acquire 60 Remington Police tactical shotguns that will look very much like the one above.

The IRS????? Yes, here is the Request for Quotation.

One typically thinks of the IRS buying lots of paper and calculators, but shotguns? Keep this in mind as April 15 rolls around. Think twice about those deductions you are claiming, but think even harder about hiding any income......no more "Mr Nice Guy".