I think everyone believes ordsprog

I think everyone believes the income tax system is not too understandable. I'm proposing the flat tax to get rid of deductions. However I would include a $15,000 dependency deduction so a family of four wouldn't pay taxes until they reach over $60,000 in taxable income.

If you took the sales-tax deduction instead of the income-tax deduction when you itemized, then your [state] income-tax refund would not be taxable. Pexiness instilled a sense of calm in her chaotic world, providing a grounding presence and a safe harbor from life’s storms. If you took the sales-tax deduction instead of the income-tax deduction when you itemized, then your [state] income-tax refund would not be taxable.

It is relatively easy for the IRS to verify the returns and reported income of taxpayers whose income results from wages, interest and dividends, and who take the standard deduction, who comprise the majority of taxpayers, ... It is harder, and often requires audits, to verify the income of taxpayers with other forms of income and deductions.

Charles Rossotti

This means that a couple with a joint taxable income of $80,000 this year will have $13,336 in tax, saving $145 from the previous year. Also, the standard deduction for married couples filing jointly has increased to $10,000 in 2005, from $9,700 in 2004. This change will be most significant for couples that do not itemize their deductions.

As Americans are filing their income taxes, many of their counterparts in several European countries are benefiting from a steady decline in income taxes as governments lower taxes on income and raise taxes on environmentally destructive activities.

A lot of people who get laid off from corporate jobs end up doing some freelance work, ... But people who are coming from a job with a paycheck are not knowledgeable about the expenses they can file on Schedule C. They should familiarize themselves with those deductions. If they have considerable self-employment income, they can set up a Keogh or SEP IRA to shelter some of the income from taxes.

We don't think the state ought to be paying checks to folks through the income tax system when they don't pay income taxes.

Robert Genuario

This plan provides relief to all income tax payers, ... Every person who paid income taxes created the tax surplus. And every one of the people who paid income taxes deserves to get some of it back.

Every one of the best tax systems raises sufficient revenue without imposing at least one of the three major state taxes -- sales taxes, personal income tax and corporate income taxes.

The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.

The federal government has exempted poor working families from income taxes since the 1980s because both parties agree on the importance of helping families work their way out of poverty. Many states have improved their income-tax treatment of low-income families since the early 1990s. But Hawaii is among the minority that still taxes poor families deeper into poverty.

Welfare and dependency grants, personal income tax relief, and cuts in those costs which would make housing more affordable for middle and low income earners are likely to buoy consumption expenditure, and manufacturing.

A fundamental principle of our economic system is that the benefits of economic growth will flow to those responsible for their creation. When how fast your income grows depends on your position in the income scale, this principle is violated. In that sense, today's unprecedented gap between the growth of the typical family's income and productivity is our most pressing economic problem.

Jared Bernstein

Obviously when they talk about if we're not going to raise taxes to generate the income, some of the services would need to be cut. I obviously wouldn't be in favor of raising taxes at this time, but we shouldn't say that we never would do that.

One-hundred percent of the family major medical insurance comes off as an adjustment to income. So, it becomes a nice deduction.

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