Comments on: COED Alumni Report: Tax Reform http://coedmagazine.com/2008/02/06/coed-alumni-report-tax-reform/ Wed, 15 Feb 2012 03:22:09 +0000 hourly 1 http://wordpress.com/ By: Chaz http://coedmagazine.com/2008/02/06/coed-alumni-report-tax-reform/comment-page-1/#comment-5405 Wed, 06 Feb 2008 15:52:17 +0000 http://www.coedmagazine.com/entertainment/Random-Crap/5488#comment-5405 Tax reform IS a major issue right now, and the solution is available. It is not the flat tax, but rather the FAIR tax. Check out http://www.fairtax.org and see what is waiting for us if we ever managed to ditch the IRS and go with the Fairtax.

As to where the law for tax collection comes from… ummm, I believe it is called the 16th amendment –

"By 1913, 36 States had ratified the 16th Amendment to the Constitution. In October, Congress passed a new income tax law with rates beginning at 1 percent and rising to 7 percent for taxpayers with income in excess of $500,000. Less than 1 percent of the population paid income tax at the time. Form 1040 was introduced as the standard tax reporting form and, though changed in many ways over the years, remains in use today."

Sure it was a farce of a law, supposed only to be levied against the 'rich', but here we are nearly 100 years later paying out the a$$.

]]> By: Voodoo Econ http://coedmagazine.com/2008/02/06/coed-alumni-report-tax-reform/comment-page-1/#comment-5404 Wed, 06 Feb 2008 13:37:08 +0000 http://www.coedmagazine.com/entertainment/Random-Crap/5488#comment-5404 It sounds like you are a flat-tax guy, but probably because you went to Penn and make a shitload of cash now.

I won't argue tax collection with you, but don't you think some of the deniers are right? Where is the law for income tax??? Doesn't exist. Tax FRAUD is one thing, if you lie on your taxes, but not if you don't pay them. Look at that old guy who had the IRS storm his house b/c he didn't pay his taxes??

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