Discussion:Has all this fairtax, taxfreeze, tax reform talk have any body else up and worried besides me? lol
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| Revision as of 06:57, 20 April 2009 Scottycoyote (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 07:26, 20 April 2009 TheTinCook (Talk | contribs) (Judging from wha) Next diff → |
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| {{ForumNewPost|UserID=Scottycoyote|Date=20 April 2009|Text=im already in a very depressed area, enumployment is near 20% and has been for awhile. I guess i just to need to hear from somewhere else, where it doesnt seem so bad. First there was a tv show on today with my local congressman, and hes introduced legislation AGAIN, to scrap the tax code and go into something else (the something else is never explained). Then i read a quote from obama talking about simplifying our monstrous tax code so people dont need someone to do their tax work. Does this scare anyone else? My office does bookkeeping and payroll too, but taxes have always been our bread and butter. Now im pondering changing staff and taking on the work myself to make sure i can keep afloat.....this is scary as all get out to me, cant sleep, cant eat. How are you guys dealing with this?}} | {{ForumNewPost|UserID=Scottycoyote|Date=20 April 2009|Text=im already in a very depressed area, enumployment is near 20% and has been for awhile. I guess i just to need to hear from somewhere else, where it doesnt seem so bad. First there was a tv show on today with my local congressman, and hes introduced legislation AGAIN, to scrap the tax code and go into something else (the something else is never explained). Then i read a quote from obama talking about simplifying our monstrous tax code so people dont need someone to do their tax work. Does this scare anyone else? My office does bookkeeping and payroll too, but taxes have always been our bread and butter. Now im pondering changing staff and taking on the work myself to make sure i can keep afloat.....this is scary as all get out to me, cant sleep, cant eat. How are you guys dealing with this?}} | ||
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| + | {{ForumReplyPost|UserID=TheTinCook|Date=20 April 2009|Text=Judging from what past commentators have said, I don't think we have too much to worry from tax reform. I doubt we'll scrap the income tax entirely in favor of a national VAT, because it's horribly regressive, just like many of the other tax reform proposals. Secondly, the IRC is a favorite policy vehicle. Most of the proposals I have seen don't fix the principle issue of figuring taxable income, which is where we come in. Figuring the actual tax is has been automated to the extent that I'd be surprised if anyone here looks at the tax charts anymore. | ||
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| + | The last thing I heard about Obama simplifying the tax system was to have IRS bureaucrats file taxes for low income people (w-2's and interest from up to one bank account). IMHO, that's pretty much a dead segment unless you offer RALS, because you'll lose out to the software and retail stores (which have been eating up our market share for a long time anyway). | ||
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| + | As for dealing with it? I'm trying to shift gears to do collections and businesses, and am looking into forming a PEO to service my clients. I don't really want to rely on the individual market if I don't have to.}} | ||
Revision as of 07:26, 20 April 2009
Discussion Forum Index --> Basic Tax Questions --> Has all this fairtax, taxfreeze, tax reform talk have any body else up and worried besides me? lol
Discussion Forum Index --> Tax Questions --> Has all this fairtax, taxfreeze, tax reform talk have any body else up and worried besides me? lol
Scottycoyote (talk|edits) said: | 20 April 2009 |
| im already in a very depressed area, enumployment is near 20% and has been for awhile. I guess i just to need to hear from somewhere else, where it doesnt seem so bad. First there was a tv show on today with my local congressman, and hes introduced legislation AGAIN, to scrap the tax code and go into something else (the something else is never explained). Then i read a quote from obama talking about simplifying our monstrous tax code so people dont need someone to do their tax work. Does this scare anyone else? My office does bookkeeping and payroll too, but taxes have always been our bread and butter. Now im pondering changing staff and taking on the work myself to make sure i can keep afloat.....this is scary as all get out to me, cant sleep, cant eat. How are you guys dealing with this? | |
TheTinCook (talk|edits) said: | 20 April 2009 |
| Judging from what past commentators have said, I don't think we have too much to worry from tax reform. I doubt we'll scrap the income tax entirely in favor of a national VAT, because it's horribly regressive, just like many of the other tax reform proposals. Secondly, the IRC is a favorite policy vehicle. Most of the proposals I have seen don't fix the principle issue of figuring taxable income, which is where we come in. Figuring the actual tax is has been automated to the extent that I'd be surprised if anyone here looks at the tax charts anymore.
The last thing I heard about Obama simplifying the tax system was to have IRS bureaucrats file taxes for low income people (w-2's and interest from up to one bank account). IMHO, that's pretty much a dead segment unless you offer RALS, because you'll lose out to the software and retail stores (which have been eating up our market share for a long time anyway). As for dealing with it? I'm trying to shift gears to do collections and businesses, and am looking into forming a PEO to service my clients. I don't really want to rely on the individual market if I don't have to. | |
