Audio Asylum Thread Printer
Get a view of an entire thread on one page
|For Sale Ads|
In Reply to: RE: Nope, capital gains tax is NOT double taxation... posted by Ivan303 on May 01, 2021 at 08:08:41
The authorities get their cut, but they also get cut, so to speak.
While the businessman or consumer may resent the additional paperwork and/or surveillance, consider it from the libertarian's point of view. On the surface, another piece of data or paper sounds like more power to the government, right? But that's just the point: it's another datum for Colossus, who is already overburdened. Big data just keeps getting bigger. More to keep track off, less capably, by an ever-more incompetent work force. Have you ever worked in a Federal or State government agency? Capable, motivated and competent are not adjectives you'd commonly use to describe the average employee. And don't give me that "AI" BS -- the tools are no magic solution. The same tools that can make an expert work more effectively also amplify the ineptitude of mouth-breathing government employees. As my late Dad, who did his own taxes, used to smile with glee when the IRS asked for documentation. His motto was, "If they ask for a piece of paper, GIVE it to them!"
that's how bureaucracies become bloated, and this may sound redundant but ...
redundancy is a function of bureaucracy
also a fine example of a closed loop self fulfilling prophesy
That may or may not hold up. There is already a dispute, used by some in tax court about what is and what is not income. That is based on the Constitution and the IRS cannot override it.
It doesn't matter to me, I deal in cash.
In Ohio they want you to tattle on yourself about online purchases, and remit the sales tax. I figure the compliance rate to be between 0% up to 0%.
Mark in NC
"The thought that life could be better is woven indelibly into our hearts and our brains" -Paul Simon
the difference between a lie and a mistake being 'willfully & knowingly'
in tax land, calculations are in 'compliance' territory
but yeah ...
Post a Message!
This post is made possible by the generous support of people like you and our sponsors: