Calling deferred taxes a 'tax cut' is a lie.
2007-09-09 17:21:10 · 6 answers · asked by Karl M 2 in Politics & Government ➔ Politics
Moving tax revenue onto the balance sheet as a liability can be considered tax fraud.
2007-09-09 17:22:19 · update #1
No, and Social Security is not going broke if it's collecting more than it's paying out, but you are spending the surplus instead of keeping it for KNOWN future costs.
2007-09-09 17:33:32 · answer #1 · answered by oohhbother 7 · 0⤊ 1⤋
I am not quite sure what you are talking about. Deferred tax usually refers to deferring the income to a later time, such as retirement, when one is making less money. Thus the tax deferred income is usually when the tax bracket is lower, thus one pays less tax .
2007-09-10 00:28:05 · answer #2 · answered by lynne f 3 · 0⤊ 2⤋
no, but only if you can prove it. politicians are famous for "muddying the waters" when it comes to these issues. who really has the time to research it, to disprove it? except a few academics and / or economists who research it daily for a living.
2007-09-10 00:29:11 · answer #3 · answered by 27ysq 4 · 1⤊ 1⤋
Bush's tax cuts for working people is great for this country. They are also pumping more money into the treasury and reducing the debt as we speak.
2007-09-10 00:26:09 · answer #4 · answered by PNAC ~ Penelope 4 · 1⤊ 5⤋
Are you an accountant or lawyer???? I thought not.
2007-09-10 00:25:47 · answer #5 · answered by Wolfpacker 6 · 0⤊ 4⤋
true
2007-09-10 00:45:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋