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Thread: Philly's taxes
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01-22-13, 01:27 PM #42Re: Philly's taxes
For what it's worth, I once lived in Texas but worked a 9-5 type job in Oklahoma. I had to pay Oklahoma income tax. Even worse, I started this job in late November. They prorated what was taxable on that five weeks based on my federal W2 said for the whole year including income earned in Texas and taxed those five weeks at a rate based on my total income. I was pissed. Interstate tax codes are a PITA.
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01-22-13, 01:29 PM #43
Re: Philly's taxes
This shit changes so fast anyway. Its no wonder the tax code needs an overhaul.
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01-22-13, 04:32 PM #45
Re: Philly's taxes
I watched this when it came out last year, awesome documentary on the American tax code: An Inconvenient Tax
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01-23-13, 10:43 PM #47
Re: Philly's taxes
Last edited by ~BigTymer~; 01-23-13 at 10:44 PM.
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01-23-13, 10:51 PM #48
Re: Philly's taxes
I've become a really big fan of the "Fair Tax". I like it better than Flat Tax, and a helluva lot better than the Progressive Tax.
I think with some reworking, namely adding some sort of "value added" tax to luxury items, and a "flat tax" on like the top 10% earners, in addition to the embedded Fair Tax system, we might actually see a tax system that makes sense, easy to use, and is realistic.
I don't think it'll ever be fixed because politicians use tax incentives as campaign and political rewards. But still, can't hurt to dream.
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01-24-13, 08:30 PM #50Re: Philly's taxes
Flat taxes are horrible, said before and will say it over and over again (I'm also not a fan of sales taxes on food and clothing). I do think there is common ground among about everyone that the tax code needs to simplified and many deductions, loopholes, etc. cut out all together. I think the issue will become when you start to try to discuss which ones should be ditched.
One of those issues that you can say you want to cut loopholes and please everyone, but start to try to get specific and it becomes a hotbed issue.
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