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Surprise move on tax cuts by Obama

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Old 12-20-2010, 02:50 AM   #46
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Re: Surprise move on tax cuts by Obama

mmm megyn kelly
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Old 12-23-2010, 10:08 AM   #47
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Re: Surprise move on tax cuts by Obama

Good summary of the Tax Act:

Congress Resolves Many Tax Issues During Lame Duck Session
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Old 12-23-2010, 10:53 AM   #48
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Re: Surprise move on tax cuts by Obama

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Originally Posted by mlmpetert View Post
It may be a good summary, but it also proves how convoluted the tax code has gotten and why it needs to be burned and started from scratch.
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Old 12-23-2010, 12:45 PM   #49
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Re: Surprise move on tax cuts by Obama

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It may be a good summary, but it also proves how convoluted the tax code has gotten and why it needs to be burned and started from scratch.

Absolutely. Most people cant do their own taxes. Imagine if all credits, deductions, and write offs went away. If there were only like 3 or 4 tiers like 0, 5, 10, and 20% and that was the tax you paid. Life would be so much simplier.
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