* At the Tax Policy
Center’s TAX VOX blog Howard Gleckman discusses “What the GOP Platform Says About Taxes”.
Thankfully, the GOP
official party platform on taxes rejects much of Trump’s alleged policies –
“It endorses a territorial tax system that
Trump rejects. It calls for eliminating special interest tax provisions while
Trump would retain most.”
Here is what the
platform says about tax reform (highlight is mine) -
“The current tax code is rightly the object
of both anger and mockery. Its length is exceeded only by its complexity. We must start anew…. It cannot be
engineered from the top down, but must have a common sense approach, and be
simplified. Wherever tax rates penalize thrift or discourage investment,
they must be lowered. Wherever current provisions of the code are disincentives
for economic growth, they must be changed. We will not divide the American
people into winners and losers. We will eliminate as many special interest
provisions and loopholes as possible and curb corporate welfare, especially
where their erosion of the tax base has created pressure for higher rates.”
Clearly the
Republican policy on income taxes is the better choice. Unfortunately the party’s Presidential
candidate is the worst possible choice ever.
*
Keep on trucking! Did you know the IRS
had a “Trucking Tax Center” web page?
* Proving once
again that bloggers love lists, Kelly Phillips Erb, FORBES.COM’s TaxGirl, give
us “Get Out Of The Tax Debt Doghouse: 9 Tips For A Fresh Tax Start”.
Her #9 should be #1
– “Find a great tax advisor”.
“I can’t emphasize enough that the importance
of seeking out a responsive, competent tax advisor. Even if you do your own
taxes, you may need someone to help you out if you run into trouble.”
If you start out by
using a responsive, competent tax advisor to prepare your returns in the first
place, chances are you will not run into any trouble. You can begin your search for a responsive
and competent tax advisor here.
* Scott Greenberg
of the TAX FOUNDATION takes on the task of “Reexamining the Tax Exemption of Municipal Bond Interest”.
THE FINAL WORD
At the beginning of
the Presidential campaign I said that the most disturbing political development
in my lifetime (I was born in 1953) was the fact that Donald Trump is being
taken seriously as a Presidential candidate.
I now must revise
that to say, as I did on Facebook –
The most disturbing
political development in my lifetime - I am 62 - is the fact that dangerous,
unstable, irresponsible, and irrational realty television cartoon clown Donald
Trump is the official Republican candidate for the office of President of the
United States.
Let me also repeat
what I have posted in the past –
I very strongly
believe that all Americans who care anything about freedom, democracy, civil
rights, the economy, and the future of the country and the world have an
obligation to publicly denounce and aggressively oppose Donald Trump and his
campaign for the Presidency.
For the sake of our
future this dangerous narcissist must NEVER become President of the United
States!
FYI – Click here for
one example of the hundreds of thousands of people who dangerous buffoon Donald
Trump screwed while lining his own pockets with millions. Is this the man you want in the While House?
TTFN
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