vpFREE2 Forums

W2-G's: Time to raise the $1200 threshold limit

#1

In a message dated 11/21/2003 4:16:09 PM Pacific Standard Time,
crazydonconcepts@earthlink.net writes:
As yet, most comps are
untaxed but will come; sure as death and guess what... What ya say
ric? CD
CD,

You are so right, sir! Anything taxable will be taxed, simply because (as
Mallory said of Everest) it's THERE. One more reason to go to a VAT or
consumption tax and abolish the IRS.

On a more visceral level: wing it on the 1040, then reconstruct like hell
when you get the audit notice (roughly a 1% chance). Yeah, if you really screw
up you could even be prosecuted for tax evasion--just like the 200-2000 losers
a year that are actually prosecuted by U.S attys (out of 200,000,000
taxpayers).

How'd you like them odds, CD???

Ric

[Non-text portions of this message have been removed]

#2

Yeah Ric, but only 1040 Itemized have a worry. Takes it down to like
winning state lottery..... but only every six year cycle unless you
REALLY stand out; only real cause for a fraud convict anyway so is
same group of future federal felons. 1200 per 6 yr cycle then home
free from that Risk of Ruin, no? CD

In a message dated 11/21/2003 4:16:09 PM Pacific Standard Time,
crazydonconcepts@e... writes:
As yet, most comps are
untaxed but will come; sure as death and guess what... What ya say
ric? CD
CD,

You are so right, sir! Anything taxable will be taxed, simply

because (as

Mallory said of Everest) it's THERE. One more reason to go to a

VAT or

consumption tax and abolish the IRS.

On a more visceral level: wing it on the 1040, then reconstruct

like hell

when you get the audit notice (roughly a 1% chance). Yeah, if you

really screw

up you could even be prosecuted for tax evasion--just like the 200-

2000 losers

a year that are actually prosecuted by U.S attys (out of

200,000,000

ยทยทยท

In vpFREE@yahoogroups.com, richardrick7@a... wrote:

taxpayers).

How'd you like them odds, CD???

Ric

[Non-text portions of this message have been removed]