IRS notified me of identity theft
Apparently some moocher filed taxes with my SSN and was expecting a refund. Surprise, surprise. I owed money, so the feds suspected something was up. Of course, when they confirmed that my identity had been stolen, they would not provide any information to help me track down the thief. The investigation will take up to 6 months. Fortunately none of my other accounts had been hacked ... yet.
Apparently my agent hadn't gotten the word discussed in the link above.
This is precisely why we need to abolish the IRS.
Apparently my agent hadn't gotten the word discussed in the link above.
This is precisely why we need to abolish the IRS.
Which is one reason Congress doesn't ever want to call one.
https://www.youtube.com/watch?v=Jne9t8sH...
104 thousand hacks were the result of the associated
personal information (ssn, etc.) already being out
there, and someone exploiting the knowledge of
the identities to try to get money out of the IRS.
LifeLock may be able to solve this. . I Hope So!!! -- j
.
enough to flee, which sadly, seems to be the
route most preferred for some of us lately. And
what does that say about us?? Battle-weary?
Fighting spirit all gone??? Not good!!
At the end of the day it's all overhead minus all sales receipts equals profit or loss.The cost of collecting the tax for the government and passing it to the treasury takes an administrative unit of employees ergo sum cost of government.
In Australia they use the COG column to define the total cost of doing business. Here we use fairy tales claiming businesses pay taxes instead of facing the fact that businesses are an arm of the Treasury Department - paid or not.
Two other points for consideration:
1. Higher prices lead to lower consumption. This is standard supply/demand 101. The sheer necessity of the business to raise its prices at the necessity of paying taxes prices some customers out of its market niche. Therefore the business suffers a decline accordingly.
2. Consumers also lose out, both when they are effectively priced out of a market and because the higher costs of one product introduce additional opportunity costs.
I object to corporate taxes for ALL of the above reasons.
The alternative is the end user consumption tax which puts each wage earner in charge of their spending or for their savings. I MIGHT go along with a Right To Life provision for certain items needed to simply exist and in a certain dollar amount or limit which would include all welfare as income. Food, Shelter, Clothing, Medicine, Air and water (for those in Detroit) After that what to purchase, for how much, and when is the citizens decision the price of which governs the amount of end user tax AS LONG AS it completely replaced the other taxes.None of this we'll keep that in reserve for emergencies crap. If the government doesn't have enough then let them downsize or better yet use the recall to force a downsize and a return to their real job as employees not masters. That is citizens controlling government by their vote and by their purchases. Dump the draft completely for a third way to vote join up or not join up. has to start somewhere But the Right To Life Exemption from end user consumption tax (like the sales tax free days in Florida. has some merit.
Next question. Does it ban income tax at all levels? If not then that level gets no income from the End User Tax better yet a complete ban. rather than leave a 50 head medusa.
Then as I've done explain the replacement as a freedom of choice measure. the opposite of a fascist no choice system. Government over citizens or citizens over government. There are only two choices and there should be only one. If Government over citizens is retained there should be only none.
Answer: Zero.
Like any other form of overhead it' gets added to the cost of doing business and passed on to the next level of buyer. All the way down to the end consumer who is the only taxpayer. the column heading is COG for Cost of Government. except maybe in the USA where play pretend is acceptable.
COG follows all business related overhead and precedes adjusted profit or loss
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