20 Really Stupid Things In The U.S. Tax Code

VictorG · Post by **VictorG** » Wed Dec 17, 2014 4:24 am

But somehow I understand #13....

http://www.forbes.com/sites/robertwood/ ... d=11182459" onclick="window.open(this.href);return false;

YoUDeeMan · Post by **YoUDeeMan** » Wed Dec 17, 2014 6:45 am

Ridiculous.

Throw all the bums out and simplify the tax codes.

VictorG · Post by **VictorG** » Wed Dec 17, 2014 7:14 am

Cluck U wrote:Ridiculous.

Throw all the bums out and simplify the tax codes.

They have been trying. The group that was working on this even asked for anonymous ideas from people (Congress) and promised no names would be attached. Huge amount of Lobby $$ against any major change.

Post by **CAA Flagship** » Wed Dec 17, 2014 7:43 am

Many Fortune 500 companies manage to pay zero tax or get refunds in some years, and many claim billions worth of tax breaks.
Many individuals pay nothing. Of 145 million personal tax returns in 2011, 54 million (more than a third) had zero tax liability or got refunds.

This doesn't sound right. If you got a refund, doesn't this mean that you "overpaid" your taxes? That would mean you paid taxes. Either these are very misleading statements, or poorly written ones.

Championship Subdivision Football | FCS Football | Stadiums | Blogs | Forums

20 Really Stupid Things In The U.S. Tax Code

20 Really Stupid Things In The U.S. Tax Code

Re: 20 Really Stupid Things In The U.S. Tax Code

Re: 20 Really Stupid Things In The U.S. Tax Code

Re: 20 Really Stupid Things In The U.S. Tax Code