- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Letter from Donald Rumsfeld to I.R.S. - "Have no idea if tax return is accurate"
Posted on 4/16/14 at 9:47 am
Posted on 4/16/14 at 9:47 am
Leave it to Rummy. Say what you want, but the guy's a class act....
"This note is to alert you folks that I know that I do not know whether or not my tax returns are accurate...."
LINK
"This note is to alert you folks that I know that I do not know whether or not my tax returns are accurate...."
LINK
5
Posted on 4/16/14 at 9:49 am to tigerpawl
This is what frustrates me the most. I don't mind paying taxes but I really have no clue if I'm paying the right amount.
Posted on 4/16/14 at 9:53 am to tigerpawl
quote:
there are known knowns; there are things that we know that we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns, the ones we don't know we don't know.
Posted on 4/16/14 at 9:54 am to tigerpawl
Thats funny...
I don't see how anyone can be against a flat tax
I don't see how anyone can be against a flat tax
Posted on 4/16/14 at 9:59 am to C
quote:There is no "right" amount. There is the minimum allowed by law, and then there is anything more. Both are acceptable to the IRS. Determining the minimum allowed by law is a complex task because of the complexity of our tax code. Each taxpayer's unique facts and circumstances may result in different applications of the same provisions of the laws, regulations, court decisions or other rulings. That is what keeps me in business.
I don't mind paying taxes but I really have no clue if I'm paying the right amount.
Posted on 4/16/14 at 9:59 am to tigerpawl
That is awesome.
I wonder if the administration will direct the IRS to audit Mr. Rumsfeld... you know... just to make sure his returns are accurate.
I wonder if the administration will direct the IRS to audit Mr. Rumsfeld... you know... just to make sure his returns are accurate.
Posted on 4/16/14 at 10:00 am to Lsut81
quote:
I don't see how anyone can be against a flat tax
CPA's
Posted on 4/16/14 at 10:01 am to son of arlo
quote:
there are known knowns; there are things that we know that we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns, the ones we don't know we don't know.
In my opinion this is a very smart way to look at things, this is basically the Johari's Window technique that is used widely in strategic business offices and it is essential to use in a SWAT analysis. People make fun of Rums for this in my opinion because they are either dumb, or they have never thought on a strategic level. They do not know that it is important to analysis intelligence through different lenses, and because of that they are not able to exploit their advantages nor can they fully cover their butts to risks.
That being said, I gave a full faith effort on my Taxes and God only know if it is 100% correct.
Posted on 4/16/14 at 10:02 am to Poodlebrain
quote:
That is what keeps me in business.
Keeps my dad in business as well. He wants the tax code as hard as possible, so as few folks as possible can do their own taxes. Not really. But yes, really.
This post was edited on 4/16/14 at 10:02 am
Posted on 4/16/14 at 10:12 am to Lsut81
quote:
I don't see how anyone can be against a flat tax
Posted on 4/16/14 at 10:13 am to UGATiger26
quote:I'd love to see a National Sales Tax.
I don't see how anyone can be against a flat tax
• If you have it, you spend it, you get taxed.
• If you don't have it, you don't spend it, you don't get taxed.
Posted on 4/16/14 at 10:18 am to tigerpawl
quote:
National Sales Tax
^^^^^^
This.
Posted on 4/16/14 at 10:42 am to Stuckinthe90s
It is probably one of the most self aware statements made by someone in politics. But in a sound byte driven media culture/ short as shite attention span consumption culture it is easy to realize why people thought to mock the statement.
Posted on 4/16/14 at 10:45 am to Poodlebrain
quote:Well, I think the point is that in many cases, one cannot even be 100% certain they've achieved the minimum.
There is no "right" amount. There is the minimum allowed by law, and then there is anything more
Posted on 4/16/14 at 10:52 am to AUin02
quote:
it is easy to realize why people thought to mock the statement.
A Rummy press conference reminded me of a lion tamer holding a chair and a whip keeping the press corps in their cage.
Similar to this.
Posted on 4/16/14 at 10:55 am to UGATiger26
quote:
quote: I don't see how anyone can be against a flat tax CPA's
You're wrong. A "flat tax" means nothing more than using some common percentage against income.
It's the measurement of income that's complicated.
A flat tax would not dismantle the IRS and would not harm CPA's business. A national sales tax, would, however.
Posted on 4/16/14 at 11:03 am to Rex
"It's the measurement of income that's complicated.
A flat tax would not dismantle the IRS and would not harm CPA's business. A national sales tax, would, however."
Rex is dead on with this. the concept of a marginal rate is not that hard; taxing certain levels of income at differing rates just requires basic math no harder than taxking at, say, a 25% rate for all taxable income. It's coming up with what the "taxable income" is that is problematic. Therefore, I am pretty much agnostic when it comes to a "flat tax," but I am fully in favor of something like the 1986 (?) simplification of the tax code. I would be in favor of a national sales tax in lieu of the income tax, but there is no way we could trust our government not to hit us with both.
A flat tax would not dismantle the IRS and would not harm CPA's business. A national sales tax, would, however."
Rex is dead on with this. the concept of a marginal rate is not that hard; taxing certain levels of income at differing rates just requires basic math no harder than taxking at, say, a 25% rate for all taxable income. It's coming up with what the "taxable income" is that is problematic. Therefore, I am pretty much agnostic when it comes to a "flat tax," but I am fully in favor of something like the 1986 (?) simplification of the tax code. I would be in favor of a national sales tax in lieu of the income tax, but there is no way we could trust our government not to hit us with both.
Posted on 4/16/14 at 11:13 am to tigerpawl
National sales tax is the easiest and fairest way to go. Rummy is right. The current tax code is too complex and complicated.
If I took my tax info to 3 different preparers/tax accountants, I'm sure I would get 3 different figures. That is ridiculous.
I will support any politician (R, D, L, etc.) who makes a national sales tax (or other reasonable tax reform) a priority.
If I took my tax info to 3 different preparers/tax accountants, I'm sure I would get 3 different figures. That is ridiculous.
I will support any politician (R, D, L, etc.) who makes a national sales tax (or other reasonable tax reform) a priority.
Posted on 4/16/14 at 11:46 am to son of arlo
quote:
there are known knowns; there are things that we know that we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns, the ones we don't know we don't know.
I actually understood every word of that
quote:
I don't see how anyone can be against a flat tax
That's because your racist and hate poor people and children.
Posted on 4/16/14 at 12:11 pm to N.O. via West-Cal
quote:
It's coming up with what the "taxable income" is that is problematic.
If you did away with all exemptions, politicians would lose an important tool with which to pay back their contributors. Will never happen.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News