I laugh when I hear the fuss about Trumps tax returns. Especially when seniors and kids will not fill out their own taxes and go to H&R Block and pay them to find every deduction and loop hole they can. Then they are signed. MOST PEOPLE CANNOT READ THEIR RETURN, much less know what is in them. We are interested in what we can get back.
Some people think Bill Gates fills out his tax return or knows what is in it? Do people actually think a Billionaire actually fills out his taxes? I have no idea how many lawyers work on Trump’s, Gate’s, Buffet’s, Bush’s, Clinton’s tax returns. But I know that the attorneys are finding every deduction, loop hole and dependent they can. (Some of their returns are stacked over a foot high, 1000’s of pages) Sherry and I do not earn enough to look for loop holes.
I do our taxes and I try to get everything back I can. I am sure the folks who worry about someone getting a break on taxes never would take advantage of the system. LOL
Friends, the IRS rules are set up by wealthy people and approved by wealthy people. These rules are not set up by blue collar workers. If I read right, the majority of our congressmen and government leaders are wealthy, compared to you and I. Of course you and I think the IRS rules should be changed, everyone should pay their fair share. But friend, “me and you” ain’t making the rules. They are made by men and women of both parties. Every person running for President and congress knows the buzz words, so they like to repeat them: I WILL PUSH TO CHANGE THE IRS TAX REGULATIONS TO EQUALIZE THE BURDEN!
Have you noticed how well that promise is kept? If every politician who promised that, would do it, it would be done in a NY minute.
Once between 1959 and 1972 President Nixon’s tax return was made public. He had paid $750 tax that year as president, and it was all legal. I had paid twice that AS A SAILOR, and he was my Commander in Chief. Both our tax forms were LEGAL.
I am just typing this because it is time for me to fill out our taxes, and I am putting it off. I do it because I am cheap, and it is basically simple (since we do not have stocks or bonds other than Sherry’s 401K). I read and follow the instructions. I have always done our taxes, state and federal (Except the last 8 years I was in business).
Does anyone here remember when the average person filled out a tax return on one simple IBM card?