Posted by JD Seller on March 04, 2015 at 20:11:06 from (208.126.198.123):
I would not mind paying what I feel is a "fair" tax. Truthfully this would be around 10% maybe even 15%. I really do not feel like 20-30% is in anyway "fair" or reasonable.
Here are the numbers I found interesting:
1) I was 34 years old before I made more (gross income) than I paid this year in state and Federal taxes. That just shows how taxes are higher and how inflation has devalued the dollar.
2) My gross income was up but my net was WAY down. It will be even worse this coming year with grain prices and cattle prices looking lower with inputs trending level to higher.
It does not take long to do my taxes. The wife and I both keep good records so it takes little time to compile the information we need to file. I do wait until March so that any late documents are here. I also have a tax attorney do my taxes. He is well worth his cost. I do not want to take the time to learn all the latest things about the tax code.
I was audited the year my first wife died. The IRS auditor dealt directly with my tax attorney and I never had to deal with anything.
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