$447 bil

[shmike]

Originally Posted by pauldun170

Ed's situation is the perfect example of a real issue.

Is it unfair or fair that the tax system penalizes those who are ignorant of the tax system?
Is it right or wrong that the tax system rewards certain behaviors and punishes others?

Should the tax system be agnostic of culture\society and just be a fixed % on income?

If this thread has shown anything it has shown that the majority of posters in it do not understand the US tax system.

[fatbuckRTO]

Originally Posted by shmike

If this thread has shown anything it has shown that the majority of posters in it do not understand the US tax system.

You're going to need an internet poll to back up that claim.

[shmike]

Originally Posted by fatbuckRTO

You're going to need an internet poll to back up that claim.

No I won't.

Paul feels smug because he understands it enough to get to 0% effective rate a few years ago.

Therefore, he'll nod his head in agreement with a stupid smirk on his face and won't question my numbers.

[Homeslice]

Originally Posted by shmike

No I won't.

Paul feels smug because he understands it enough to get to 0% effective rate a few years ago.

Therefore, he'll nod his head in agreement with a stupid smirk on his face and won't question my numbers.

Smug about what, being a married homeowner with kids? Not much rocket science involved there.

[Homeslice]

Originally Posted by pauldun170

Ed's situation is the perfect example of a real issue.

Is it unfair or fair that the tax system penalizes those who are ignorant of the tax system?
Is it right or wrong that the tax system rewards certain behaviors and punishes others?

Should the tax system be agnostic of culture\society and just be a fixed % on income?

1) Fair
2) Right

But, whether the IRS selected the right behaviors to reward, or is doing a good job of reducing abuse, is another subject....

[RACER X]

OMG if i got a 0% rate, i'd pay off my doublewide and buy my kid a shoe.