Canadian Income needs to be taxes paid to the IRS?

[bush_cheney2004]

So do you generally take the position that any penalty that a government wishes to impose is, by definition reasonable, since that is what the government decided?

No, but I have little sympathy for IRS scofflaws. Most of us do what is required even if we don't like it. Tax law is not my specialty, but I do have family experience for someone who tried to fight the IRS....and lost big time.

Is there any situation where you judge the actions of government by standards other than the standards government sets for itself?

I don't judge governments at all. There are lawful processes to change such things, and a constitution to back that up. We have lots of IRS protesters in the USA...it is a cottage industry. The only dodge that really works is becoming a church!

[TimG]

No, but I have little sympathy for IRS scofflaws. Most of us do what is required even if we don't like it. Tax law is not my specialty, but I do have family experience for someone who tried to fight the IRS....and lost big time.

Again - I am not saying people should not do their duty nor that there should be no penalty for those that were too lazy to detemine their compliance requirements. I am only saying that the penalties that they are imposing are outrageous and counter productive. i.e. if the IRS imposed a $2000 on every non compliant no-tax-owing American then they would likely have got a massive response. As it stands many people are choosing to give up ever going to the US again rather than pay the penalties. It seems counter productive. Edited September 21, 2011 by TimG

[bush_cheney2004]

Again - I am not saying people should not do their duty nor that there should be no penalty for those that were too lazy to detemine their compliance requirements.

Agreed with vigor.

I am only saying that the penalties that they are imposing are outrageous and counter productive. i.e. if the IRS imposed a $2000 on every non compliant no-tax-owing American then they would likely have got a massive response. As it stands many people are choosing to give up ever going to the US again rather than pay the penalties. It seems counter productive.

I don't think that's what will happen...the IRS settles cases for less than what is owed even in the case of deadbeats stateside. And I suspect that for some of these folks, US citizenship was already in the rear view mirror. So they get a tax attorney and come clean to the IRS....file...and have a Coke.

[William Ashley]

Why are you stunned? The US is on the verge of bankruptcy and the Dems control the White House. Raise taxes on the wealthiest 1% who contribute more than 20% of tax revenue, circumvent NAFTA with "Buy America" provisions, chase after retired Canadians who immigrated from America and didn't renounce their citizenship. Obama and his socialist advisors will do anything to minimize cutbacks to the entitled welfare class.

The US IS NOT ON THE VERGE OF BANKRUPCY.. THE US DOLLAR IS ON THE VERGE OF BEING TOILET PAPER.. it still has 300% value to fall before that happens.

The US however will not be able to maintain its capitalist sucking .. meaning that it needs to rearange the budget so that its spending matches revenue.. a pretty simple concept that isn't hard to understand.. if people can give away their money for 30 years they can be taxed for that money.

That is a trend to socialism. I'm not for taxes but the way the bond system works contrast with inflation it is just stupid. (It promotes accumulation of monetary wealth rather than real value -requiring expansion of the economy and devaluation of those who do not use the institutions that have interest bearing stake in the reserve, it is antipopulist) Governments should aim to generate revenue and profit not debt and privatization. It is a backward process. (The wealth transfer is unethical.. the public should be working for the public not private owners)

The US has upwards of 40 billion in gold sitting in the federal reserve it can exporpriate on its will.

It is who gets stuck with the bill.. who has the toilet paper so to speak.

The bottom line is.. don't put more trust in something than its value, or future value.

You want security build a bunker and fill it with water, and rations.

It isn't a complex process.

I hate governmental debt spending it just creates a ongoing perpetual need for taxes.. and that isn't fair for the people who don't want nothing, and don't get nothing.

People should be paying for what they want, and government should be about protecting the bottom line, not restricting the top.

It is their system they can do what they want with it but I don't want to hear whining or saying but if we don't bs. There is always an alternative.

There is a clear course that needs to be taken for any destination.. you either take the right way or don't get there.

Edited September 21, 2011 by William Ashley

[Bonam]

The US IS NOT ON THE VERGE OF BANKRUPCY.. THE US DOLLAR IS ON THE VERGE OF BEING TOILET PAPER.. it still has 300% value to fall before that happens.

An asset can only fall a maximum of 100% in value, no more.

[William Ashley]

An asset can only fall a maximum of 100% in value, no more.

I disagree. The real value versus the "attached value" the attached value can fall well beyond 100% of the real value. The US dollar is floating point, created from a number of monetary policies that invalidated the original gold bullion stored in the reserve that was voided in the original federal reserve act. The US dollar is really only worth the value of the document, whereas it is given a trade value based upon its trading rate. It costs about 2.3 cents give or take 3 or 4 depending based on the US dollars own value.. so in reality you see the real value is either the production cost or the equal value in the ascribe use of the material for non monetary purposes.

Now this doesn't mean I'll be whiping my but with jefferson before I take my next trip to latin america, but it does mean that I will be giving jefferson some new friends once I'm there.

I'm kicking myself for not converting to pesos a bit under a year ago. (although it seems the peso is also pretty well docked up ... it lost value since the beginning of the summer)

Edited September 21, 2011 by William Ashley