The Idea of Retro-Income Taxation | TigerDroppings.com
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Jahel
Member since Nov 2011
5576 posts

The Idea of Retro-Income Taxation

Image: http://upload.wikimedia.org/wikipedia/commons/thumb/e/ed/US_Public_Debt_Ceiling_1981-2010.png/300px-US_Public_Debt_Ceiling_1981-2010.png


1988,1991,1992,1994,1995,1998-2001,2005....are safe years

If you filed in any other year between 1980-2010, you owe more than you paid.

Your share of the national debt is equivalent to what tax rates would have needed to be adjusted to , to bring revenue=cost that given year.

if you were at the 17% bracket and another was at a 23% bracket, then a 10% increase to tax rates that year would bring you up to a 18.7% and the other to 25.3%...of your Income for that year.

A bit of research would have to be done on filings to see how much %tax rate increase would be necessary each individual year, but all is available in the IRS database and not much effort.

The idea behind this is that those responsible for the accrual of the debt should be held responsible for the debt.

Before you say it's wrong to back tax people, do you think it's right that they now get to push the burden down to others instead?

A lien is put onto your estate until the debt is repaid.
This post was edited on 1/4 at 2:30 pm



Antonio Moss
LSU Fan
Baton Rouge
Member since Mar 2006
29620 posts

re: The Idea of Retro-Income Taxation
This is the third time you advocated this and it's the third time its been a terrible idea.



Jahel
Member since Nov 2011
5576 posts

re: The Idea of Retro-Income Taxation
please tell me why...this time


MSMHater
LSU Fan
Houston
Member since Oct 2008
13180 posts

re: The Idea of Retro-Income Taxation
quote:

Your share of the national debt is equivalent to what tax rates would have needed to be adjusted to , to bring revenue=cost that given year.


So all the governments spending in a given year were constitutional, neccessary expenditures? And you want me to retroactively pay for that abuse, excuse me...allocation, of funds, because you don't think I was taxed enough when the abuse occured?




This post was edited on 1/4 at 2:36 pm


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coloradoBengal
LSU Fan
Member since Sep 2007
32608 posts

re: The Idea of Retro-Income Taxation
quote:

The idea behind this is that those responsible for the accrual of the debt should be held responsible for the debt.


How's that me?



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constant cough
LSU Fan
Lafayette
Member since Jun 2007
41019 posts

re: The Idea of Retro-Income Taxation
quote:

Your share of the national debt




The federal governments debt is not my debt. Only in the sense that I use their currency. Which won't be worth much for much longer.

quote:

A lien is put onto your estate until the debt is repaid.


Or maybe the government can stop wasting money and/or you GFY.


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Carlton Banks
LSU Fan
Bel-Air, Los Angeles, California
Member since Feb 2008
1578 posts

re: The Idea of Retro-Income Taxation
How about we just get rid of the income tax, like before 1913, and be done with all of this b.s.


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Kissinger11
Member since Jul 2011
1939 posts

re: The Idea of Retro-Income Taxation
worst.idea.ever.. I think you might be legally retarded


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24334 posts

re: The Idea of Retro-Income Taxation
quote:

The idea behind this is that those responsible for the accrual of the debt should be held responsible for the debt.
Congressional members don't have that kind of money in reality, those receiving entitlements and transfer payments make up a majority of the budget. Don't think you'll collect from them either.

quote:

Before you say it's wrong to back tax people, do you think it's right that they now get to push the burden down to others instead?
Works for SSA and MEDI.


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Antonio Moss
LSU Fan
Baton Rouge
Member since Mar 2006
29620 posts

re: The Idea of Retro-Income Taxation
quote:

please tell me why...this time


When you max out your credit card, do you run to your employer and tell him/her that he/she needs to retroactively adjust your salary to cover your debt?


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Jahel
Member since Nov 2011
5576 posts

re: The Idea of Retro-Income Taxation
So the plan now is that:

1. Decrease spending
2. Maintain Higher taxes so that we can try to pay down someone else's debt

I can see why that's a better idea


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tylercsbn9
LSU Fan
Tomball, TX
Member since Feb 2004
56055 posts

re: The Idea of Retro-Income Taxation
lolz


ZZTIGERS
Miami (OH) Fan
Member since Dec 2007
11699 posts
Online

re: The Idea of Retro-Income Taxation
So, you want to force law abiding citizens who played by the rules at the time, paid the taxes they owed, and go back as far as 30+ years & force them to pay more in taxes, because now you feel they didn't pay enough at the time? And if they don't pay, you're gonna take their property? You see nothing wrong with scenario? This may be the most fricking retarded proposal I have ever heard.


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Jahel
Member since Nov 2011
5576 posts

re: The Idea of Retro-Income Taxation
crap gotta go

I'm not finished with this


Beachtiger
LSU Fan
Bomba Shack
Member since Apr 2007
3713 posts

re: The Idea of Retro-Income Taxation
quote:

The Idea of Retro-Income Taxation


and when you finish with the back taxes owed to people,lets charge them the cost of the IRS to figure this back tax out. Just figure who many more government workers we can hire to do this enforcement it will just grow and grow until.....

or how about cutting all federal government spending by 25% across the board every year until the debt is zeroed out.


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constant cough
LSU Fan
Lafayette
Member since Jun 2007
41019 posts

re: The Idea of Retro-Income Taxation
quote:

I'm not finished with this



But we're all finished with you.


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coloradoBengal
LSU Fan
Member since Sep 2007
32608 posts

re: The Idea of Retro-Income Taxation
quote:

I'm not finished with this
Wanna bet?


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jamboybarry
LSU Fan
I Putt Out
Member since Feb 2011
12110 posts

re: The Idea of Retro-Income Taxation
quote:

do you think it's right that they now get to push the burden down to others instead?


First off, you're a fricking moron. Secondly, who is "they"?


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BBONDS25
LSU Fan
Member since Mar 2008
17758 posts

re: The Idea of Retro-Income Taxation
Irs has 3 years from the date you file your return or 3 years from april 15th of the year following the taxable year to audit or adjust your returns. After that, the statute of limitations has run. You cannot retroactively change a statute of limitation...this will never ever ever ever happen. Sorry.
This post was edited on 1/4 at 2:46 pm


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constant cough
LSU Fan
Lafayette
Member since Jun 2007
41019 posts

re: The Idea of Retro-Income Taxation
quote:

worst.idea.ever.. I think you might be legally retarded


If only he was functionally retarded.
This post was edited on 1/4 at 2:45 pm


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