We can't tax our way out of budget crisis

Seeded on Sun Apr 24, 2011 11:16 AM EDT (CNN)

This entire debate begins with the assumption that the Bush tax cuts from 2001 and 2003 led to a ballooning of the deficit problem.

bush, taxes, cuts, politics, deficit, obama, ryan, fiscal-responsibility, loopholeswall-street-journal

More worthless paperwork from our Dem led government

Seeded on Fri May 7, 2010 7:59 AM EDT (CNN)

Why the Healthcare "reform" contained this provision is beyond me, but there is a provision requiring that certain payors provide a form 1099 to corporations to whom they pay more than $600 over a calendar year.

business, tax, irs, dem, 1099

Hypocritical Dems Are Wrong About Gop Healthcare Proposals

Seeded on Fri Feb 26, 2010 8:16 AM EST (Newsweek)

Many Dems want to represent that the GOP has not offered any healthcare ideas and that is why they are going it alone. But that is just not true, the GOP has offered many ideas and even detailed plans, but the Dems are simply playing politics.

politics, healthcare, gop, dems, obamacare

More tax dodgers getting away under the "watchful eye" of the Obama administration?

Wed Dec 16, 2009 9:42 AM EST

There really is not a lot for me to write, this is verbatum from the press release.

Continue reading this entry ...

senate, tax, politics, healthcare, government, obama

Post Office goes postal on Obama

Seeded on Thu Aug 20, 2009 7:56 AM EDT (US News & World Report)

Let Obama keep talking, maybe he will unilaterally kill the Dem version of healthcare "reform" uh I mean insurance reform.

politics, healthcare, obama, post-office

Who would like to see compromise on healthcare and what would you compromise?

Tue Aug 11, 2009 8:18 AM EDT

Obama keeps speaking of bipartisan support as if it is something that is important to him.

Continue reading this entry ...

politics

Acting Stupidly

Seeded on Fri Jul 31, 2009 7:27 AM EDT (Redstate)

Seeded by Bernie Valentine (Clipped by Mark-337609)

Mark gives a great summary of the Obama administrations track record to date......pointing out its problems.

politics, obama-record, administration-record

The exodus of company headquarters from the US - A tax debate

Seeded on Thu Jul 23, 2009 9:07 AM EDT (Energy Sector and Stocks Analysis from Seeking Alpha)

Given all of the healthcare debate this item has disappeared from the news, but not from the Obama agenda, in fact there are changes to the taxation of foreign profits included in the healthcare bill.

foreign, tax, politics, exodus, corporation

A new form of trade war brews - Outrage grows north of border over 'buy American' rules linked to stimulus

Seeded on Fri May 15, 2009 7:40 AM EDT (msnbc.com)

Apparently the Obama administration has forgotten that this is a global economy and that we cannot igone our foreign trading partners or create unfair trade practices to their detriment without the expectation of retaliation. Rather, U.S.

foreign, trade, politics, competition, companies

Tax Dodge Myths

Seeded on Mon May 11, 2009 1:46 PM EDT (Newsweek)

I've been stating the same thing as this article in response to other seeded posts.

tax, politics, corporation, multinational, loophole, tax-dodge

Debunking a Myth - The Wealthy Really do Pay Most of the Federal Income Tax

Wed Mar 4, 2009 8:48 AM EST

Yes it is true, despite all of the comments to the contrary the wealthy really do pay most of the federal income tax and by a wide margin. The IRS just published their quarterly statistics bulletin Issue Number IR-2009-017. Here is a direct quote from that source:

Continue reading this entry ...

tax, politics, irs, income, wealthy

Much of the stimulus bill is not stimulus, even the CBO agrees

Seeded on Tue Feb 24, 2009 8:06 AM EST (Newsweek)

The article's point is that there are many provisions in the stimulus package that are not stimulus at all but meant to achieve political agendas.

politics

Vote: Can the Phillies repeat?

Seeded on Thu Oct 30, 2008 7:41 AM EDT (NBC Sports)

Vote: Can the Phillies repeat?

sports, baseball, msnbci

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Comments & Feedback

As another point of clarification, if the return is never filed, the SOL doesn't run until you do file. He did file his 2001 return. Assuming he filed it on time (which could be no later than 10/15/02), the statute has been closed for over 3 years.

He did omit a schedule or two when he did file, but that does not extend the SOL if you omit a schedule.
— Doug M-932529

Mark:

I was not very clear in my statements. You are correct about the 3 year. But the 7 year does not apply. That was what I was trying to confer.

So, if the three year applies, but the seven year does not, how can you amend and pay taxes for the 2001 tax return?

Answer, you can't. Because the SOL is closed. He can't "open the return" voluntarily, the IRS cannot audit it. The three years were up in April 2005 for the 2001 return. (He filed in April 2002, add three years and April 2005 is the closing date.)

He paid the tax. That I do not doubt, but he was not legally obligated to. He actually made a charitable contribution to the US Government when he wrote the check.
— Doug M-932529

Its not hard to get tripped up by the tax code. For those people who know nothing about taxes in the code, do get tripped very easily.
If people only knew the limitations of the IRS and federal income taxes, they would find themselves free from federal income taxes unless they want to continue to be a voluntary compliant slave. If you love the IRS, then you ought to seek employment with them. To get employed with the IRS, you need not know anything because they hire dummies which do as they are told, kinda like being a human puppet. Oh and yes, you have to either love the Constitution or hate it. If you love the Constitution, then you can put the IRS in their place should you ever be confronted with them. But if you hate the Constitution, then you will play by the IRS's rules.
— Taxfreeman