A flat rate income tax would be applicable, and relative to Actual Realized Profit.Not gross earned income, but the (adjusted income) actual realized profit Regardless of how much, or how little you earn in profit you have no option but to pay 7% tax on it.
Eliminate Income Tax refunds altogether. What you [...]
Posts under ‘eliminate tax debt’
What (logically) Is Unfair With a Flat Rate Income Tax With No Refund?
IRS Tax Relief [Bank Levies] [Garnished Wages] [Tax Liens]
http://www.protaxcare.com If you a suffering from a serious IRS or State Tax issue, we hope you invest a few minutes to listen to this short video as the information provided here could eliminate or significantly reduce your tax debt.
Duration : 0:2:48
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Carolyn Karno on the Problems in Eliminating FFELP
Carolyn Karno, Manager of Early Awareness & College Planning at the Connecticut Student Loan Foundation, speaks on the problems with eliminating the Federal Family Education Loan program, as suggested under the Obama administration’s changes.
Carolyn discusses how the high-volume end-users, the schools, had the highest exposure to the deficits and limitations of the Direct Loan program, [...]
Paying off credit card debt?
I have about $10,000 in credit card debt. I hate having this and prefer to get rid of it asap. I expect a $4,000 bonus from work this year. We are considering cashing in my wife’s IRA - $5,000 (subject to penalty - 10% federal). I expect our tax refund next [...]
Do you think the tax system needs to be changed or eliminated?
If so, explain how the federal debt would be paid?
id like to see taxes lower but more importantly a less expensive government. if they spent less theyd have more money to deal with debt.
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Mike Huckabee - THE FAIRTAX REVOLUTION PART 1
AN ISSUE THAT LIBERALS, INDEPENDENT AND CONSERVATIVES CAN AGREE WITH!!!
Mike Huckabee is a supporter and a leader in the FAIRTAX(tax reform) and that is why John McCain should pick Mike Huckabee for Vice President!!!
Call McCain’s office at 703-418-2008 and let him know you want the FAIRTAX and Mike Huckabee for Vice President!
A MUST READ!!! [...]
Which of the following was a key feature of Jefferson’s “revolution” and a reaction against years of Federalis?
Which of the following was a key feature of Jefferson’s “revolution” and a reaction against years of Federalist rule
A)eliminating the national debt and thereby reducing the need for taxes
B)eliminating the opposition Federalist party
C) acquiring additional territory that could help to bolster American freedom
D)strengthening the army to stand guard against tyrants
E)sending cash [...]
Should the U.S. allocate more money to eliminating the national debt?
When nearly 1/10th of our tax dollar goes to just paying the interest on the national debt, should the government do something about paying it off?
Ok so 1. Our debt is actually mostly to ourselves not other countries although some foreign investors hold U.S. government bonds and such.
2. Bill Clinton did NOT erase the national [...]
The National Debt, it effects us all, how to become free from it and end up with a surplus?
Heres how I would eliminate it, any suggestions?
1. Don’t pay the debt! Tell them screw off! We seldom get repayed.
2. Eliminate the Space program, we can’t take care of our country, let private industry handle it if they want.
3.Bill Iraq for the costs of their "liberation and occupation" we could take it in oil!
4. Bill [...]
Can YA Cons answer a question about taxes without being political?
We are now $9-10 trillion in debt with countries like China and Russia holding the notes and acting like they already own our market place. Unemployment numbers are climbing, and retail sales are dropping. The median income is going lower and lower, and people are having to hold 2-3 jobs to make ends [...]