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Thursday, April 17, 2008

A Day Late

I know...tax day was yesterday. I'm such a procrastinator when it comes to doing our taxes. Especially now that we are working overseas. Gone are the days when I could download the newest version of TurboTax and a pitcher of margaritas a few hours later I would have them all done. Now we have to pay someone else to do them for us. Luckily we automatically get an extension since we are over here. We haven't even received the paperwork from our companies for the taxes they've paid to the Singapore version of the IRS on our behalf. Basically my opinion, not that it matters, is that the IRS shouldn't make it so that you have to have a PHD in Accounting to be able to file your returns. If I ever make a mistake, then it's their fault. They should make it everyone should be able to fill out the forms with out it causing migraines, alcholism, and balding or grey hair. A person shouldn't have to give up a good chunck of their life to fill out those stupid forms. I think about my mom. It seems like her whole life revolves around preparing their income tax returns. I think of all the times she put something off because she was having to work on taxes. I wish we could tell the IRS to stick it and we could do what we wanted to with our money. I think most people would be so much better off if we could keep 100% of our paycheck and spend it, invest it or save it as I please! Having everyone pay their share as they spend their money on goods and services would ensure that all those currently "flying below the radar" would contribute as well. So...today my post is in support of the FairTax!

Eddie here never particularly liked the term "drug dealer." He prefers, "repeat sales entrepreneur." Labels aside, here's a guy who loves the current income tax system. That's because even though he generates plenty of income, Eddie doesn't pay a dime in income taxes (1040s are a drag, man). Eddie's a proud member and contributer to the $1 trillion (yes, trillion) underground economy—that's about 8% of the US GDP—that flies well below the IRS tax collection radar. And that's just fine with him. So the last thing Eddie needs is some new tax alternative which captures revenue from everyone on consumption, including underground players like Eddie (whose new cars and fine threads don't come cheap, you know).

So please don't crimp Eddie's style: Don't go to www.fairtax.org/changedc to learn more about the FairTax and the April 15th "Pass the FairTax" petition to Congress.

3 comments:

TBM said...

Gosh, I know what you mean... US taxes are MAJOR headache for expats. The UK income tax is very simple, which is good. Unfortunately, the tax rate is also very high, which is bad.

OldHorsetailSnake said...

Nah, that'll never work. It's too fair.

TexasGal said...

justaplanerideaway - i would think they would be pretty high here since the government subsidizes everything.

oldhorsetailsnake - then we need to come up with a different name to disquise it!