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American businesses will spend more just on the cost of compliance
with the IRS code than we spend on the war on terror, and we do it EVERY year, with no end in sight. Man, that's for sure. I just paid over $1000 for my corporate taxes, for the second year in a row. Until last year it was running about $600 per year. That is money that SHOULD have gone to my employees, or into landscaping, or remodeling another suite -- but instead I must pay it out to some bean-counter who pretends to understand the tax code. And this is all ON TOP OF the hotel tax I pay. ....And the state sales tax. ....And FICA. ....And Medicare. ....And federal withholding. ....And FUTA. ....And State Unemployment. The truly sad thing is that I do all the taxes except the year-end stuff myself, without difficulty. But my year-end tax return is so complex that I can't possibly understand it (The return itself is over two inches thick. The supporting documentation is over a foot thick.), and don't even pretend to read it. I just sign on the bottom line, and fork over the dough. It's criminal, and it must be fixed, soon. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#2
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![]() "Jay Honeck" wrote in message And this is all ON TOP OF the hotel tax I pay. ...And the state sales tax. ...And FICA. ...And Medicare. ...And federal withholding. ...And FUTA. ...And State Unemployment. Oh, but Jay, thank goodness your employees don't have to pay most of that stuff. You do! No sweat off their backs, right? -- Jim Fisher |
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Oh, but Jay, thank goodness your employees don't have to pay most of that
stuff. You do! No sweat off their backs, right? That's the truly sad thing about our tax system -- and also its brilliance. If each worker had to pony up their taxes at the end of each week, in the form of a check to the Gubmint, there would be an immediate and violent revolution in this country. However, because the Gubmint has been smart enough (devious enough?) to get the employers to pay it BEFORE the worker receives his check, it's "painless" and transparent. Out of sight, out of mind. When someone mentions a job that pays "$40K per year," I always try to remind them that it's really much closer to $20K, after they've paid off their taxes. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#4
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In article daOhc.2226$IW1.320205@attbi_s52, "Jay Honeck"
wrote: When someone mentions a job that pays "$40K per year," I always try to remind them that it's really much closer to $20K, after they've paid off their taxes. you might also mention that it can cost the employer $50,000 to $60,000. -- Bob Noel |
#5
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But my year-end tax return is so complex that
I can't possibly understand it I hardon the radio recently that the IRS sent their "experts," posing as ordinary consumers, to get tax advice from various IRS offices. The advice they got was wrong in something like 39 out of 43 cases. vince norris |
#6
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![]() "vincent p. norris" wrote in message ... But my year-end tax return is so complex that I can't possibly understand it I hardon the radio recently that the IRS sent their "experts," posing as ordinary consumers, to get tax advice from various IRS offices. The advice they got was wrong in something like 39 out of 43 cases. vince norris And take it from someone who had to learn the HARD way- Even if you call the IRS and speak to their "experts", and follow the advice; if it's wrong, and you get audited, YOU- NOT the idiot Federal Employee who screwed you - are the one who pays the penalties! Don't EVER believe ANYTHING anybody from the IRS tells you except maybe "we are incompentent- we are here until retirement- there's nothing you can do". Gary - won't make THAT mistake a THIRD time - Kasten |
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