Archive for the ‘IRS’ Category

We’ve been greened!

January 27, 2007

Hi Brit,

Well, President Bush is trying to make friends in liberal places: Executive Order: Strengthening Federal Environmental, Energy, and Transportation Management. Of course, the liberal press isn’t interested, since they hate Bush with an almost religious passion.  Now, if President Clinton had done this, it would be the headline on every major paper and be repeated endlessly on every news show.  Alas, now we’re not only stuck with wasting more Federal dollars on this silly attempt to go green, but Bush isn’t even going to get credit for making the effort.   Pity.

On the other hand, it is cool that the President can do things like this.  Now, if it were me, I’d assign colors to all the Federal Agencies and issue an Executive Order that all Federal Buildings be painted in the appropriate color and that the employees of that Agency dress exclusively in that color.  I might even make them dye their hair.  The IRS, by the way, would get pink as their color.  Could that be why I’m not President? 

the Grit

Taxation – the heart attack creator of the 21st Century

January 23, 2007

Hey Grit

You expect me to advise on the complexities of the US tax regulations when, according to a survey 66% of Americans haven’t a clue what they mean and, according to the American Bar Association,  a large number of the IRS employees don’t have a clue either. Covering over 2,300 sheets of paper, it is a wonder that any of you owe the IRS anything after paying the professionals to compute your liability.

However, we do not seem to fare much better in the UK. Here we have Income Tax, National Insurance Tax, Value Added Tax, Inheritance Tax, Capital Gains Tax, Stamp duty, Self employment Tax, Council Tax, Road Tax and Excise duties. (I am sure I have forgotten some!).

Our Finance (Tax) act is 517 pages. The Income Tax Act has more than 826 sections,  and on top of that there is about 18-20 other acts.

Why the heck do people want to immigrate to here?

the Brit

US income tax law too complex?

January 22, 2007

Hi Brit,

This is driving me to distraction, so I’m asking for a little help from you or our guests.  On Paul Harvey this morning, which you can hear at, on page four of his report there was a story about the 9th Circuit Court ruling in favor of Valerie and Robert McKey over the IRS (Internal Revenue Service) in a tax case on the grounds that our tax code is too complex for anyone to understand.  I’m not sure of the spelling of the couple’s last name, and that may be why I can’t find anything else about this on the net.  However, considering the ramifications if this is true, I would really like to know more!  Help!

the Grit