Wednesday, February 04, 2009

Thought of the Day #35

Taxes. Taxes. Taxes. This year's federal 1040 tax form instructions have
gone from stapled pamphlet to a large gum bound book. It's flippin'
ridiculous. It's time...past time... to have a flat tax rate. No
deductions for anything aside from additional people in the family. No
deduction for McMansion mortgages, donations to charity, etc. As it
stands now, there is no fairness in taxing. If you choose to donate
money, you should do so out of the goodness of your heart and not to
get a deduction. And getting money back for being in debt for your
house? Clearly that was designed to stimulate home ownership, but we've
got to STOP the insanity. Financially benefitting from being in debt is
flippin' wrong. There are soooo many other deductions that are less
common, but equally ridiculous.

With a flat tax we could cut the number of IRS members, cut down on the
tax forms which will probably save a small forest every year, it will
bring fairness back to taxation, and it will save everyone stress
during the "tax season."