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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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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