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Income Tax Thought(s)...

Reagan

By Reagan
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Reagan

Reagan

Posted
Posted

Since we just got through with income tax season, a thought occurred to me:  When one signs to pay their income taxes, they sign under "penalty of perjury!"  What got me thinking was -- what other taxes does one pay under "penalty of perjury?  When you buy gas you just pay the tax.  Actually when have pay any tax you just pay the taxes.  So, why would paying federal income taxes be any different?!  Thoughts?

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Hagar

Hagar

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Posted
50 minutes ago, EAGLEFOREVER said:

you can cheat on income taxes, not so much on others.

I think you summed it up.  Wish I knew a (foolproof) way to cheat on the others lol.  And to scared to cheat on my income tax.  Many years ago, guy across the street from me did Income Tax for folks.  Steady stream of cars, and glowing reports, so I take mine over.  Got a nice return, but the more I looked at the deductions he put down, the more nervous I got.  I had no idea what half of it was.  Started thinking of sitting in front of an auditor trying to answer questions.  Had to cut my neighbor off.

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tvc184

tvc184

Posted
Posted
7 hours ago, Reagan said:

Since we just got through with income tax season, a thought occurred to me:  When one signs to pay their income taxes, they sign under "penalty of perjury!"  What got me thinking was -- what other taxes does one pay under "penalty of perjury?  When you buy gas you just pay the tax.  Actually when have pay any tax you just pay the taxes.  So, why would paying federal income taxes be any different?!  Thoughts?

You are overthinking it. 

Yes, if we signed for taxed gasoline, it would be under a penalty if it was false. We don’t sign any taxing document when we go shopping at Walmart or fill up our car with gasoline  

What so many people claim to want in income taxes, actually exists in most other taxes. That is a no deductions flat tax. If you buy it then it is taxed at a given rate. It doesn’t matter if you are a billionaire or on welfare, if you pull up to a gas pump at the same time on the same day, the price is the same. It doesn’t matter if you buy one gallon of gasoline a year or 20;000 gallons. It is built into the price. 

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