In response to:

IRS Now Robo-audits Your Spending

magnetar Wrote: Apr 09, 2013 1:26 PM
me dear patriot friends..I'm in the top 1/10th of the top 1% and believe me there are no loopholes that the left would have you believe..my effective federal tax (excluding SS and medicare) is 34% to top it of I work in a high income state..that rate is at 7.8% but federal taxes are not deductible for the purpose of after tax income so the effective rate is closer to 12%..so sust those two rates add up to 46%..the AMT is in effect and most deductions fall away with the exception of up to 1million Mortgage on which interest is fully deductible...believe me..there are no loopholes for a working stiff...only if your income comes from Municipal bonds none of it is taxed...but that is not a loophole..that money was taxed a couple of times alrea
eddie again Wrote: Apr 09, 2013 3:42 PM
interesting.

what i know for sure is that someone whose only income is wages can file a 1040EZ and needs about one page of the federal income tax code to do it.

wonder whose incomes the other over 60,000 pages of the income tax code are regulating? could some of those pages possibly deal with ways to exempt income from taxation?
magnetar Wrote: Apr 09, 2013 8:28 PM
most of it is for corporate taxes as they have the money to lobby those in power..the average citizens is a slave
Vic156 Wrote: Apr 09, 2013 10:53 PM
That was always the intention of the income tax.
These are the types of invasive tax maneuvers that boiled the blood of our Founding Fathers. But there's still a way out of all our Internal Revenue Service wars and woes.

U.S. News & World Report highlighted some more encroaching news this past week in the article "IRS High-Tech Tools Track Your Digital Footprints."

The IRS is "collecting a lot more than taxes this year," the report explained. "It's also acquiring a huge volume of personal information on taxpayers' digital activities, from eBay auctions to Facebook posts and, for the first time ever, credit card and e-payment transaction records."

It added, "The agency reveals...