David Kirkham Testify Before The Senate Finance Committee

[vatdevil]

Many business decisions are made based upon advoiding taxes, not what makes the best use of capitol. This process makes US businesses less efficient and less competitive. Flat tax and eliminate loopholes. The federal govt needs to stop using the tax code to buy votes and influence behavior.

[Dominik]

Apparently in Spain there was or is a tax law for restaurants where the amount of chairs dictated the monthly income tax. I.e. 20 seat = $2.000. Done.
A similar option could apply for cars: x units built per months, $x/y tax to be paid.

If you want to pay less tax, you need to prove why your expenses were higher than average.

[john chesnut]

Good luck David.

- Quit trying to manipulate behavior with tax law.
- Make the tax burden proportionally equal.
- Make it that every one pays.
- Place the tax burden on consumption not production.
- Simplify, Simplify, Simplify,
- Eliminate the IRS.
- Implement a national Sales Tax.

Last year between National, Local, State, and Sales taxes I paid 69% of my income in taxes. I understand the current Tax code is 10,000 pages long. A business has to hire professional and expensive accountants to prepare their returns. It's so complicated that no 2 accountants will come up with the same numbers. Returns are prepared in fear or being audited. I recently was audited. It cost me $7,000 to have my accountant work through the audit. In the end it was determined that my return was accurate and I didn't owe anything more. But, the fact that it requires professional and expensive help to defend an audit is just wrong. Legit deductions are not taken for fear of raising the "red flag" that will trigger an audit. Just some of my thoughts.

Thanks, John

[Murky781]

As a small business owner and US citizen, I've been told I need to "buck up," "tighten my belt," and be prepared for things to get worse. I "need" to be responsible with my money and spend it in the "proper" way. Well please tell them that I am tired of writing a check for my taxes and sending it to the most fiscally irresponsible group of people ever put on earth. Let them come run my business for a week and see that to work 40 hours I generate 30 hours of paperwork to comply with their insane laws. Sorry to be so harsh, but I counted to 100 before I started typing and I'm still fired up! Thank you in advance.