Yesterday 2:45 pm
Time to watch some porn lesbians today oh myBlackvegetable » Yesterday, 9:50 am » wrote: ↑ I don't want slogans.
I want data, with sources.
What should enrage businesses even more is that the bill “reaches into virtually every sector of economic life” on a scale that is mind-boggling. The best practices for taxes are to keep the rules simple and fair, apply them equally to all taxpayers, minimizing distortions, work-arounds and accounting maneuvers. This bill proclaims no taxes on tips or overtime pay and new deductions for seniors and on car loan interest. So a waiter who makes $50,000 will get a break but not a dishwasher.
Workers in jobs that pay overtime get a tax break but not those in jobs that may pay less but just don’t bill it as overtime. Expect lots of people to try to reclassify their income as tips and overtime. As the nonpartisan Tax Foundation points out, these breaks come “with various conditions and guard rails that, if enacted, will likely require hundreds of pages of IRS guidance to interpret.” And the IRS will have to adjudicate all this complexity with up to 40 percent of its workforce eventually cut, which means there will be lots of tax cheats who get away with fraud. The Tax Foundation concludes that the “new rules and compliance costs … in many cases probably outweigh any potential tax benefits.”
https://www.washingtonpost.com/opinions ... c-freedom/
Are you beginning to grok why the most effective solution is just to kill the Stupid?