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2007-08-02 12:30:38 · 5 answers · asked by mikeyyyyyyyyyyyyyyyyyyyyyyyyyyyy 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
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2007-08-02 12:30:59 · update #1
Yahoo! Answers Staff Note: Watch a video of Mitt Romney discussing his tax philosophy.
http://video.yahoo.com/video/play?vid=397768
2007-08-02 12:31:39 · update #2
Well, if he's copied Mitt Romney's question, I'm copying the best answer that was chosen.
Make it easier to understand and comply. It shouldn't take a college degree in accountancy and tax law to do one's own taxes. We are a simple family with no rental income, few investments, etc., and yet it is an incredible mental burden to do our own taxes. The legal language and myriad of deductions, exemptions, and exceptions are, frankly, ridiculous. Without so many rules and regulations, taxes would be easier and people couldn't cheat so much, either. And the IRS and state revenue departments wouldn't have to spend so much manpower catching cheaters.
2007-08-02 15:48:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Reframe the tax situation from supporting the government to understanding what citizens receive as a part of paying taxes:
Roads
Infrastructure
Security
etc.
Secondly, focus on private investment interests (aka hedge funds) which largely avoid paying billions of dollars in taxes.
Thirdly, revoke government contracts from businesses which move headquarters overseas to avoid paying taxes.
And lastly, stop the narrow minded assumption that innovation is hindered by taxes. Innovation is the result of creativity, not greed.
2007-08-02 19:19:33 · answer #2 · answered by blindcuriosity 2 · 0⤊ 0⤋
I think Congress needs to curb spending. Our government should not spend any more money than it takes in.
I think we should switch to a universal sales tax and eliminate all other taxes.
2007-08-02 12:39:26 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
uhh y did you copy and paste mitt romneys question?
2007-08-02 15:37:20 · answer #4 · answered by ♥ Pete Wentz ♥ 2 · 0⤊ 0⤋
i guess we can continue to tax the hell out of single people.
2007-08-02 12:40:33 · answer #5 · answered by colormehappy 5 · 0⤊ 0⤋