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The IRS allows flexible spending account administrators to allow you to have a grace period in the next year. Check with your account administrator. Mine does not allow the grace period.
The IRS allows flexible spending account administrators to allow you to have a grace period in the next year. Check with your account administrator. Mine does not allow the grace period.
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Or you could stop voting for Democrats and Republicans.
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What's wrong with paying the $75 and keeping the $425 profit? I mean, I get if you're going to give $400 to charity anyway, why not do this. That's sensible. But the obsessiveness about avoid tax bills puzzles me. Who do you think is picking up your trash, putting out fires, maintaining roads, providing national defense, etc, etc?
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Taxes are fine. The problem is the lack of true services that are given in return. Most people don't realize how much they are taxed.
Taxes on your income. Sales tax on purchases. Property tax. Death Tax. Don't forget all of the Local state/county/municipal taxes.
These are the very reasons that most people avoid paying taxes that are unreasonable.
If taxes were truly equitable, our military would be paid for what they are worth to us.
@BStu:
The article is from earlier this year, i.e. for 2006 taxes. Some of that, like the hybrid tax credit, doesn't apply to 2007 I believe.
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Wow, imagine having to pay only %15 tax for doing absolutely nothing that contributes to humankind (unless you consider 'investing' a positive contribution, at least indirectly...)
Or, you could become a business owner and reduce your tax liability to 15%-33%?