Archive for the ‘Tax Day Tea Party’ Category

All about Tax Day Tea Party

May 15th, 2011 Mag


So, what to do? Along with other events in our American history, was very instrumental in leading our country down the road to declare it’s independence over British rule, and eventually the revolutionary war. The Tea Party was the culmination of a resistance movement throughout British America, against the Tea Act, which was passed by the British government in 1773. Although it is not about tea anymore, but the modern day “Tea Party Movement” certainly has very striking similarities. It is a group of American citizens, from all over this country, coming together to stand for the constitution of the United States. Not the constitution of some small judges or a few government leaders, who have decided that they don’t want a government for the people and by the people; they desire a government for them and by them. They want to dictate to you and me, what you do, when and where you will do it, and by what means you will do it.

Are we on the road to socialism? Basically, socialism is a political movement that has as it’s goal, to create a socio-economic system in which property and the distribution of wealth are subject to control by the government, (or authoritative powers in control), for the purposes of increasing social and economic freedom, equality and cooperation. In a socialistic government, all your choices are slowly taken away. The government will tell you who to hire, what’s right and what’s wrong, and how much money you can earn and where you will go to school. It will initiate policies to take money from those who earn it and give it to those who don’t, and a myriad of other policies that are directed at controlling and balancing the wealth and the social structure of the nation. Government mandated health-care was a first step in that direction. Despite the fact that over 60% of the American public opposed the government health-care bill, it was given to us. That doesn’t sound like a government by the people.

The world looks at us Americans as fat, greedy, pigs. They perceive the things we have, and we want more. The big houses, new cars, and all the latest techno gadgets, just never fill our appetite that continues to yell for more and more.

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The Significance of Online Tax Preparation

March 27th, 2011 Mag


Do you know why online tax preparation is preferred with most tax payers? Tax preparation is the process of preparing tax returns for a person other than the taxpayer, and generally for compensation. This may be done by the taxpayer with or without the help of tax preparation software and online services. Tax preparation may also be done by a licensed expert such as an attorney, certified public accountant, or enrolled agent, or by a tax preparation business. For tax return preparation, Americans spent an amount equivalent to roughly 20% of the amount collected in taxes. Tax preparation businesses have been plagued with controversies over Refund anticipation loans. Because United States income tax laws are considered to be complex, many taxpayers seek outside assistance with taxes 59.2% of individual tax returns in 2007 were filed by paid preparers. Some states have licensing requirements for anyone who prepares tax returns for a fee and some for fee-based preparation of state tax returns merely. The Free File Alliance provides free tax preparation software for payers with less than $58,000 of adjusted gross income for tax year 2010.

Beginning in mid-2011, tax return preparers will generally be required to take and pass a competency test to officially become a registered tax return preparer. Tax return preparers who have PTINs before testing becomes obtainable will have until Dec. 31, 2013, to pass the competency test. After testing becomes available, new tax return preparers will be required to pass the competency test before they can obtain a PTIN. A new continuing education requirement of 15 hours per year will also be imposed on tax return preparers. As of early August 2010, the IRS had not yet decided on a beginning date for that prerequisite. The IRS has indicated that the innovative rules will apply to all types of federal tax returns, including income taxes and payroll taxes.

The cost of preparing and filing all business and personal tax returns is predictable to be $250 to $300 billion each year. According to a report from the U.S. Government Accountability Office, the efficiency cost of the tax system, the output that is lost over and above the tax itself is between $240 billion and $600 billion per year.

Posted in Constitutional Law, Tax Day Tea Party, Tax Freedom Day No Comments »
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