Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
HEADS UP..."IRS" Tax Tip "Pensions"
http://www.youtube.com/watch?v=ayyKJWWc8-w&feature=sub
Could they make this process any easier? YES...with the FAIRTAX!!!
Could they make this process any easier? YES...with the FAIRTAX!!!
Replies to This Discussion
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Permalink Reply by Randy Stone on -
So, the IRS can actually teach you how to understand the 80,000 page tax code in a YouTube video!?!
My friends tell me we should pay the IRS taxes and penalties mirroring the Rangle Code!
They tell me he has not paid any penalties for late tax payments because his case has been droped.
Anyway....great find on YouTube Jamie! It does make good points FOR the FairTax
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Permalink Reply by Randy Stone on
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Of course they have disabled posting of comments to that video
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Permalink Reply by Jim Tomasik on
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I can't even understand what the heck he's talking about.
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Permalink Reply by chiefcook on
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The current Administration revised the tax deduction tables as of April 2009 to reduce the amount of deductions (payroll deductions). The same table is used for pension disbursements. It lowers the deductions throughout the year. The amount of tax at the end of the year did not change. People are going to have to make up the difference they should pay at the end of the year. If someone has set up deductions in order to get a large amount returned, it will be a lower return. If the deductions were set at the amount of tax required, they will owe taxes at the end of the year!
The Administration strikes again.
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