I know it is pointless to complain, but sometimes I could just bite a nail half in two.
It was noted that Bush encouraged the IRS NOT to delay refunds. Of course, he doesn't want his Republicans to be blamed for these delays (never mind the fact that he personally threatened to veto one of the proposed bills that Congress had feverishly passed). There is enough blame to go around, though, not just Republicans.
And this morning, the Congress met for nine seconds. Understand they are STILL in session, and had they absented themselves today, Mr. Bush could have appointed his own temporary congressmen to serve out the year.
We could talk about politics forever, and this is not the purpose of the message board. But this time, they are messing around in our business. Some release from IRS say not to expect e-refunds before February 28th. Of course, that doesn't stop us from FILING (thank God), but our customers are going to beat us up until their money comes. Many of them begin postponing payment of their utility bills, Christmas purchases, etc. until their money comes. Of course, they do this at their own risk, but WE are at the center of this years' aberration whether we like it or not. Our best course of action is to inform our customers of this mess up front.
And remember the AMT was another Congressional creation which they didn't have either the foresight or desire to index for inflation. Had this been done, they wouldn't have had this mess this year. For younger readers, I can't make anyone understand the hyper-inflation of the Carter years in the late 70s, some 10%-12% every year, and Congress spending untold billions because people were just getting shoved into higher tax brackets with no indexing. Testimony: I filed Income Averaging (Sch G) for over 50% of my clients for the tax year 1980. Indexing for standard deductions and tax tables was passed in the 1981 tax act. By 1987, Schedule G was discontinued. If all this revisiting of numbers is too lengthy to read, suffice it to say that if the AMT had been indexed from its very beginning, it would apply only to taxpayers with over $1.2 MM today.
I don't know how to be pro-active about making these clowns responsible. Unless you live in a part of the country I've never seen, your elected representatives (and mine) are NOT voting the same way as their hometown speeches. Maybe I could encourage you to visit vote-smart.org for unbiased voting records on every bill.
It was noted that Bush encouraged the IRS NOT to delay refunds. Of course, he doesn't want his Republicans to be blamed for these delays (never mind the fact that he personally threatened to veto one of the proposed bills that Congress had feverishly passed). There is enough blame to go around, though, not just Republicans.
And this morning, the Congress met for nine seconds. Understand they are STILL in session, and had they absented themselves today, Mr. Bush could have appointed his own temporary congressmen to serve out the year.
We could talk about politics forever, and this is not the purpose of the message board. But this time, they are messing around in our business. Some release from IRS say not to expect e-refunds before February 28th. Of course, that doesn't stop us from FILING (thank God), but our customers are going to beat us up until their money comes. Many of them begin postponing payment of their utility bills, Christmas purchases, etc. until their money comes. Of course, they do this at their own risk, but WE are at the center of this years' aberration whether we like it or not. Our best course of action is to inform our customers of this mess up front.
And remember the AMT was another Congressional creation which they didn't have either the foresight or desire to index for inflation. Had this been done, they wouldn't have had this mess this year. For younger readers, I can't make anyone understand the hyper-inflation of the Carter years in the late 70s, some 10%-12% every year, and Congress spending untold billions because people were just getting shoved into higher tax brackets with no indexing. Testimony: I filed Income Averaging (Sch G) for over 50% of my clients for the tax year 1980. Indexing for standard deductions and tax tables was passed in the 1981 tax act. By 1987, Schedule G was discontinued. If all this revisiting of numbers is too lengthy to read, suffice it to say that if the AMT had been indexed from its very beginning, it would apply only to taxpayers with over $1.2 MM today.
I don't know how to be pro-active about making these clowns responsible. Unless you live in a part of the country I've never seen, your elected representatives (and mine) are NOT voting the same way as their hometown speeches. Maybe I could encourage you to visit vote-smart.org for unbiased voting records on every bill.
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