Cheapo Groovo

IRS WANTS TO LOOK AT YOUR BANK ACCOUNT

In the past, bank accounts were not typically investigated or monitored by the Internal Revenue Service (IRS) unless a taxpayer experienced an audit. However, following a proposal by the Biden Administration, IRS can now look into your bank account.

 

Eliminate the IRS and the government created tax complexity

The system is broken. From tax shelters to strangers getting your refund.

Individuals spend endless hours to file.

The IRS costs 14.3 billion every year for overall operations.

Audits are focused almost exclusively on low-income people.

The Tax Code is 6,871 pages long.

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The Fair Tax Act of 2023 (H.R. 25) would fix the problems.  The Fair Tax Act would  restructure the nation’s tax system, replacing individual and corporate income taxes, the estate tax, and the payroll taxes dedicated to Social Security and Medicare with a national sales tax.

States , counties, and cities already have systems in place to collect sales tax. The proposed rate is only 30%.

Benefits of a national sales tax

The end of gas appliances

Don't stop the flaring of natural gas. Don't stop cattle ranching. Don't close landfills. Those would eliminate 78% of all methane emissions!

Instead, force commercial and residential  properties to comply with draconian rules for very little benefit.

What is the deal with working age people not working?

putting the $226 trillion debt on the backs of senior citizens

Why regulations are ultimately USELESS

Get Paid to Move #housing #employment

Web Site

 

The Safety Dance >> Treasury Bills in a brokerage account

Normally you would have to buy t-bills through broker / dealers or thru treasury direct. So most people settle for bond funds. But bond funds never reach maturity and hold more than one bond.

T-bills are considered nearly free of default risk because they are fully backed by the U.S. government. And it currently yields 3.38%. 

Recent Yahoo article

 

 

Why Medical Bills In The USA Are So Expensive ~ Part 2

We can only solve the problem when we identify the root causes. Medical debt is the #1 cause of bankruptcies!

 

Why Medical Bills In The USA Are So Expensive ~ Part 1

We can only solve the problem when we identify the root causes. Medical debt is the #1 cause of bankruptcies!