Comment by chrischen
3 years ago
The US was practically founded on principle of refusal to pay unfair taxes. As the article suggests some are just filing incorrectly, what are the real risks and consequences of this?
3 years ago
The US was practically founded on principle of refusal to pay unfair taxes. As the article suggests some are just filing incorrectly, what are the real risks and consequences of this?
> The US was practically founded on principle of refusal to pay unfair taxes.
Unfair because of lack of legislative representation. One can get into a debate over gerrymandering and whatnot, but American voters most certainly aren't an overseas colony under an unelected king/queen anymore. There is non-rebellion recourse available to citizens if they don't like a tax.
The newborn country (including President Washington himself at the head of the army) very rapidly demonstrated it wouldn't accept "we don't like the tax" as an argument from represented citizens. https://en.wikipedia.org/wiki/Whiskey_Rebellion
>The US was practically founded on principle of refusal to pay unfair taxes
What exactly is a fair tax?
By the founders definitions? At least 90 percent of the taxes we pay are not fair.
What percentage of the services provided by today's government were not around at the founding?
I'd very much like to see government downsize, but if you want to pay taxes at the level at which the country was founded, you also have to restrict government activity to that level.
Not sure if that is tenable.
I was thinking more along lines of 100% ... But hey, point taken taken, we are generally in agreement.
Any tax others have to pay, that I don't.
Whatever the consensus is.
Good, let tax some minority/marginalized section of the society so that their living becomes hell.
No tax is fair. They're all involuntary transactions.
The US is the textbook experiment which proves that even minarchy (a minimal government) can't work.
All form of governments, no matter how small, tend to grow into huge socialist monsters (the usa is the largest employer in the world, second only to China, maybe).
Even if that very first government was founded on not collecting very little taxes for this very reason.
> All form of governments, no matter how small, tend to grow into huge socialist monsters (the usa is the largest employer in the world, second only to China, maybe).
The USA have 330 million citizens and 10 million people without valid residency, in total something around 340 million citizens. The public sector clocks in at 15%, which includes the military and USPS. That is, seriously, not much.
[1] https://www.brookings.edu/policy2020/votervital/public-servi...
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> As the article suggests some are just filing incorrectly, what are the real risks and consequences of this?
Provided you never used an R&D tax credit, none.
But if you did, with a huge templated report report about software R&D, you have a verbatim provable record of doing R&D expenses. And those reports, they come from 10 different vendors who all use the same words and formatting. The IRS could easily solve one case and get everyone.
Just to clear this up, this change is unrelated to if you've taken the R&D credit. You should take it as it slightly helps offset this change, but regardless the calculation applies to dev salaries and costs without regard to if you've actually taken the R&D credit.