Thank You!
Being a Proud Tax Professional (do people still use the colloquialism “Not?”), I am in the process of revisiting Pub. 17 in an effort to jump-start my little brain for the season at hand. Here’s what I have just learned:
In addition to paying taxes, Comrades of the USA may now make a voluntary, additional Contribution to “reduce debt held by the public.” And good news: this Contribution will be deductible in tax year 2010. Oooohhh, so tempting…
If interested, make checks payable to the “Bureau of the Public Debt” or, alternatively, to “Mr. Obama’s Enduring Endeavor to Do the Sex to Us.”
January 20th, 2010 at 5:37 pm
Question – how nonsensical is it that a voluntary contribution to the federal government is tax deductible? If I were to fall off of the turnip truck tomorrow and decide that I want to make a $100 donation to decrease the deficit, why are they going to give me $30 back on my taxes, thus increasing the deficit? If I wanted to give them $70 I would have given them $70! Who is enticed to make a voluntary contribution by the prospect of then getting a little bit of it back? I guess I don’t understand the intricacies of the U.S. Treasury. . . . .
January 21st, 2010 at 6:53 am
Whoa there… There is no place for logic in government….
January 21st, 2010 at 9:29 am
Aren’t all the taxes I pay a voluntary contribution? I think those should be deductible in 2010. Do you think we can find a liberal dumb enough to support this? We could be tax free by 2020.
January 21st, 2010 at 12:13 pm
Sure–I’ll do it. In fact, if any reader can’t pay their credit card this month (because they just had to have that new whatever), I’ll gladly help them out. NOT. Idiots.
January 22nd, 2010 at 11:44 am
“Do the sex to us”
That is my new catch phrase to use at the counter when dealing with residents.
January 22nd, 2010 at 4:58 pm
You know, I read this comment on my iPhone and only saw the first sentence…
I’ve really got to practice my scrolling…
February 2nd, 2010 at 12:16 pm
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy…”
Alexander Fraser Tytler, Scottish lawyer and writer, 1770