Quote:
Originally posted by lrrs167
The simple solution:
Eliminate the IRS.
Impose a FLAT tax (bring it, KING or Mystery or whatever). I know this is one of the few things we disagree on, but I am right on this one!
Yes, it sounds too simple. But, that is the point. The tax code, as it is today, is far too complicated and downright scary for most of us common-folk. The system is so badly broken that another band-aid will not fix it. Scrap the IRS and start over. |
define "flat tax"...
I will agree with you on "too complicated and downright scary" though, did you know, that if you die, and you're worth let's say, 1.5MM, the second you die, a LIEN IS AUTOMATICALLY PLACED UPON YOUR ENTIRE GROSS ESTATE, wherever on the planet it migh exist? (assuming, of course you are a US citizen). Not ONLY that, but, if for whatever reason your executor can't pay the tax, THE MAN, can go after property that was given to beneficiaries.
So, if your rich uncle gives you a house on the cape when he dies, and for whatever reason there's a shortfall in taxes, guess what? you may very well have to kiss your house goodbye.
how's that for scary?
I can scare you EVEN more if you like....