National Taxpayers Union 2004 Taxpayer Wish List
"National Taxpayers Union 2004 Taxpayer Wish List" is a collection of interesting ideas about how to transform our tax system. Some (provoking) ideas:
H.R. 25, The Fair Tax: Repeals the income and payroll taxes, abolishes the IRS, and implements a national sales tax.
H.R. 2022, Leave No Securities Behind Act: Extends federal securities laws to cover Fannie Mae and Freddie Mac.
H.R. 1227, Abolishment of Obsolete Agencies and Federal Sunset Act: Provides for periodic review of the efficiency and public need for Federal agencies.
H.J. Res. 22, Balanced Budget Amendment to U.S. Constitution
S. 1668, Commission on Accountability and Review of Federal Agencies Act (CARFA): Establishes commission to conduct comprehensive review of federal agencies and programs, recommends elimination of unneeded functions.
S. 150, Internet Tax Non-Discrimination Act: Makes permanent the moratorium on taxes on Internet access and discriminatory taxes on electronic commerce.
According to its website, "NTU is a non-partisan, public interest advocacy organization dedicated to lower taxes, less wasteful spending, and the principles of rational and limited government."
USAToday breaks out how each presidential candidate stands in terms of economy and tax issues. Here are the viewpoints of the top dogs: Read
"Tax Guru" Kerry M. Kerstetter argues that we should not trust that the DC policy makers will honor their promise for tax-free Roth IRA withdrawal decades down the road. Read
Finally, this Fool.com article echoed my view of realistic tax benefit calculation for mortgage interest (see my previous post of Complete Financial Model of House Buying vs Renting). Read
MSN Money has a new story "6 ways you can cut your 2003 tax bill now". The first five methods are no news to me but the last bullet looks very interesting. It works like this way: Read
