tax is theft reddit

Its taking someones property without permission. 855k members in the SubredditDrama community.

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In summation taxes are not theft due to the fact that you entered into a contract with your government either explicitly or implicitly to give up some of your right to your money to help the government and your fellow citizens.

. Casualty and theft losses are first reported and calculated on Form 4684 Casualties and Thefts. By now we all know that income tax identity theft is a major problem. This is good news for investors because the capital loss deduction is limited to 3000 per year.

Taxation is theft is the war cry of libertarians and ultra-conservatives who despite benefiting from the many social goods paid for by taxes - the police the military fire protection public roads schools etc. Lawyers are seeking class action status for the case adding to Intuits. Around the same time I also filed my legitimate taxes through a tax preparer electronically.

If your cryptocurrency was stolen and classifies as a theft loss its unlikely that you can write this off. If its used to build palaces for the tyrant then obviously that is theft no matter the arguments in my post above. What is the definition of theft.

Many political arguments start from the assumption that taxation is the government taking our money off us. Tax identity theft the filing of fake tax returns using stolen identities is a form of tax fraud that affects thousands of taxpayers every year. I am unsure of how to proceed now.

Income tax is theft and it is designed so that only the working class will be doomed to pay it - if you dont believe this just ask your accountant tax adviser about the possible tax loopholes that are available to witness that all significant tax laws double quotes intended that can save you more than a few pennies are possible to do only if you are a giant business tycoon with wealth. Theft is the taking of assets of from people without their consent and giving nothing in return. The idea that taxation is theft is a clear sign of a failure in the educational system.

Intuit maker of TurboTax has been sued by plaintiffs claiming they were damaged by lax security that enabled tax fraud. This is part of the social contract which is a kind of agreement between citizens and the government whereby the citizens agree to pay taxes and obey the laws in return for the governments protection. - believe speciously or not that it is unfair for the Government to make them pay taxes for things they dont have exclusive control and dominion over.

Taxes on the other hand are consented to by citizens as seen by their continual support for taxation parties and their refusal to vote for libertarian parties or move to tax havens in exchange for services. Additionally the taxed benefit from the things taxes are spent on. You can read more about the details of these rules in the IRS guidance here.

And no saying that we get government services in return doesnt change this fact. Citizens choose the level of these taxes. A mainstream UK television current affairs programme that the.

You can then enter the resulting number on Schedule A when you itemize along with all your other itemized deductions then transfer the number from Schedule A to line 8 of the 2017 Form 1040. A couple days ago I received a 5071C letter stating someone filed taxes using my SSN. The place where people can come and talk about reddit fights and other.

Share on Facebook Share on Twitter Share on Reddit Share by email Print. When austerity hit the arts in 2011 Dr Steve Davies of the pseudo-think-tank the Institute of Economic Affairs argued on Channel Four news TJN. Since the author seems to be concerned with the ability to pay heshe should recognize that one who does not have the ability to pay would not have the ability to purchase land and make the improvements to make that land valuable and thus would be.

Yes Im assuming that the tax is spent appropriately. Taxation Is Theft. An investor taken in by a Ponzi scheme can deduct the lost funds as a theft loss instead of as a capital loss from an investment.

The counter argument to that is people do consent to being taxed by living in the taxed area. Taxes pay for the services and protections heshe has available and uses today. And fraudsters dont take a break for the holidays or to do their own taxes during tax season the IRS says identity theft tactics like phishing scams are a year-round threat.

With a tax code that exceeds 72000 pages in length and consumes more than six billion. Taxation is not theft because citizens have agreed to pay taxes. According to IRS identity theft data in the first five months of 2017 approximately 107000 taxpayers were victims of tax identity theft.

According to the General Accountability Office GAO the IRS paid out 58 billion dollars in. 210 votes 314 comments. A guest blog by Philip Goff.

I honestly think that this idea springs from a failure on the part of the educational system to explain how democratic societies work. The argument is that taxation is theft because people dont consent to being taxed. Before 2018 this line was line 40.

Im a victim of identity theft how do I proceed paying my taxes. Similar to casualty losses above post-2017 after the Tax Cuts and Jobs Act was passed theft losses are no longer deductible on Form 4684. Income and property taxes fit this criteria.

I know i have to mail in my physical taxes now. S from OP In my travels through the internet Ive read plenty of times the argument that taxation is a form of theft on the part of the government. Taxes are not theft in any sense of the word.

Conversely taxation for the purpose of developing essential public goods and infrastructure is relatively uncontroversial -- only the most hardline anarcho-libertarians would call that theft. A thief isnt going to take your money then use it to fix potholes in front of your house. According to the IRS identity theft can affect taxes when someone steals personal information and uses it to file a tax return and claim a fraudulent tax refund.

You arent giving consent to being taxed youre being forced to pay by the threat of violence or jail time.

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