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And so would 50% of the country that pays NO federal income taxes. On the other hand, a federal sales tax would be even more "fair." |
Simpler solution? Do away with tge IRS and go to a value added tax or flat tax rate. Would simplify everyone's lives and eliminate tax cheats.
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Form 1444-C
Folks who do not know tax law should stop giving advice. One response said that we are required to report the stimulus payment reported on the 1444-C....and it is required to "properly report our income."
The stimulus payment is NOT INCOME and should not be reported as income. We are simply required to VERIFY the amount received by disclosing it in the tax return as an information item. If IRS sees that you did not receive it....they will add it to your refund....or deduct from your balance due. If you are wrong, they will eventually catch up with it and require you to pay it back. No double dipping allowed! For the record, CPA's (like me) were going nuts last year when people could not remember whether they received the stimulus, or how much they received. I am already seeing the same problem this year. April 15 can't come fast enough! |
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Because with a flat tax, the poor and middle class would be hit harder than "the rich"... |
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:ho: |
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So, "how much" is a fair amount of tax in your eyes?
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The IRS is being totally restructured. The tax system was illegal from it's inception. Our fed tax $ went to the crown, vatican and foreign aid.
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We need to take back control of our country. Stop letting criminals control our lives.
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