Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, Non Villages Discussion (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/)
-   -   Progress is slow, but going in the right direction (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/progress-slow-but-going-right-direction-342672/)

CoachKandSportsguy 07-14-2023 09:56 AM

Progress is slow, but going in the right direction
 
IRS says it collected $38 million from more than 175 high-income tax delinquents | AP News

not sure we normal retired people have anything to worry about. .

retiredguy123 07-14-2023 10:16 AM

Quote:

Originally Posted by CoachKandSportsguy (Post 2235372)
IRS says it collected $38 million from more than 175 high-income tax delinquents | AP News

not sure we normal retired people have anything to worry about. .

Progress? So, they collected $38 million, but how much did they spend to collect it? The IRS annual budget is about $14 billion. $38 million is only 0.27 percent of their budget.

Battlebasset 07-14-2023 10:25 AM

Quote:

Originally Posted by CoachKandSportsguy (Post 2235372)
IRS says it collected $38 million from more than 175 high-income tax delinquents | AP News

not sure we normal retired people have anything to worry about. .

If we would just work to simplify the tax code this would become more difficult, and we would need less IRS (which costs money) to track it down.

I would also be in favor of a national sales tax if it would result in lower income tax rates and simplification. But it wouldn't, and we need look no further than Europe for how that would work.

retiredguy123 07-14-2023 10:36 AM

Quote:

Originally Posted by Battlebasset (Post 2235392)
If we would just work to simplify the tax code this would become more difficult, and we would need less IRS (which costs money) to track it down.

I would also be in favor of a national sales tax if it would result in lower income tax rates and simplification. But it wouldn't, and we need look no further than Europe for how that would work.

A national sales tax will never happen because the 50 percent of people who pay no income tax would need to start paying taxes.

CoachKandSportsguy 07-14-2023 10:45 AM

Quote:

Originally Posted by retiredguy123 (Post 2235382)
Progress? So, they collected $38 million, but how much did they spend to collect it? The IRS annual budget is about $14 billion. $38 million is only 0.27 percent of their budget.

but the $14 billion is already in the budget and paid for, the $38 M is incremental, so 100% profit. .

$38 Million approximately is a decimal dust % of the federal budget, but increased policing and a few jail sentences will help compliance of the marginal brazen folks, and then increase collections. . .

the title still remains proper

Keefelane66 07-14-2023 10:50 AM

Quote:

Originally Posted by retiredguy123 (Post 2235398)
A national sales tax will never happen because the 50 percent of people who pay no income tax would need to start paying taxes.

The less one makes a greater percentage of income would be paid with national sales tax than a person of wealth

dewilson58 07-14-2023 10:55 AM

Thank God I'm 176.

:MOJE_whot:

Stu from NYC 07-14-2023 12:20 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2235403)
but the $14 billion is already in the budget and paid for, the $38 M is incremental, so 100% profit. .

$38 Million approximately is a decimal dust % of the federal budget, but increased policing and a few jail sentences will help compliance of the marginal brazen folks, and then increase collections. . .

the title still remains proper

The real question is how efficient is the IRS in collecting taxes. Think the vast majority would say not very.

CoachKandSportsguy 07-14-2023 01:10 PM

Quote:

Originally Posted by Stu from NYC (Post 2235457)
The real question is how efficient is the IRS in collecting taxes. Think the vast majority would say not very.

True, however, within the constraints of funding and directives, not sure. .
There can be some constraints which prevents efficiency/effectiveness. .

not worth my time for figure out gov't inefficiencies. .

retiredguy123 07-14-2023 01:25 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2235476)
True, however, within the constraints of funding and directives, not sure. .
There can be some constraints which prevents efficiency/effectiveness. .

not worth my time for figure out gov't inefficiencies. .

Obviously, there are constraints placed on the IRS. If there weren't, you would see thousands of cash businesses, like restaurants, construction, and landscaping companies with undocumented workers, shut down every day. In some areas of the country, it would be like shooting fish in a barrel. All you would need to do is to show up and ask to see the FICA wage and tax records for the employees on site. Apparently, the IRS is told to leave these businesses alone.

manaboutown 07-14-2023 01:29 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2235372)
IRS says it collected $38 million from more than 175 high-income tax delinquents | AP News

not sure we normal retired people have anything to worry about. .

Over 60% of US households pay no federal income tax; lots of freeloaders, "What me worry" types.

Increasing Share of U.S. Households Paying No Income Tax

I wonder if any of this magnificent sum was collected from Al Sharpton who last I heard owed $4.5M which would be much, much more now with penalties and interest?

Stu from NYC 07-14-2023 01:52 PM

We should all pay at least something. Sad that the tax code has written that so many have no care about taxes since they do not pay.

Infuriating that sharpton got away with being a tax cheat.

CoachKandSportsguy 07-14-2023 02:24 PM

Quote:

Originally Posted by Stu from NYC (Post 2235492)
We should all pay at least something. Sad that the tax code has written that so many have no care about taxes since they do not pay.

Infuriating that sharpton got away with being a tax cheat.

IRS is federal, the states collect local taxes in the form of real estate and sales tax.

People who don't owe federal still pay state taxes in the form of a rent payment and sales taxes. .

I am not opposed to the zero federal taxes, as its a form of a subsidiary. .

Stu from NYC 07-14-2023 03:04 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2235510)
IRS is federal, the states collect local taxes in the form of real estate and sales tax.

People who don't owe federal still pay state taxes in the form of a rent payment and sales taxes. .

I am not opposed to the zero federal taxes, as its a form of a subsidiary. .

Thought the thread was about the IRS which is a federal operation. That was what I was talking about.

mickey100 07-14-2023 05:17 PM

Quote:

Originally Posted by retiredguy123 (Post 2235398)
A national sales tax will never happen because the 50 percent of people who pay no income tax would need to start paying taxes.

Like all the big corporations that make a fortune in profits and pay no tax?


All times are GMT -5. The time now is 01:03 PM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Search Engine Optimisation provided by DragonByte SEO v2.0.32 (Pro) - vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.