I filed all tax extensions. We now e-file everything we can, so I can quickly track and prove we filed all tax extensions and returns, including extensions for our many new clients. Now we can shut down government. Of course, shut down government is a ridiculous misnomer. Government will still operate, after a so-called shut down, to the extent it takes in money and has essential funtions.
CPAs cannot prove they filed all tax extentions and returns electronically, due to gross IRS stupidity. IRS only lets us e-file timely returns. Now that we filed all tax extensions we can shut down government, including the IRS. I am one of the 62% who woud rather we shut down government shutdown than have a federal debt ceiling increase. Only 24% disagree. That is one of many reaons I would enjoy a shut down government. I also would enjoy a government shut down because it would shut down IRS audits. I have not had one such audit in many years, but now that I filed all tax extensions I find the thought of no a givernment shut down very appealing.
I have been fighting for a federal balanced budget amendment for 30 years. I soon became a volunteer spokesman for the National Tax Limitation Committee. They set appointments for me on many TV and radio shows and for speaking to many newspaper reporters. There were up to six such appointments a day, for around a year. One day my appearances totaled about eight hours, while requiring eight more hours of driving (Tallahassee, Panama City, Penscola, Panama City and Tallahassee).
NTLC had me target an understaffed Lakeland office of Senator Lawton Chiles. The Senator FINALLY decided to support the balanced budget amendment. He then told Committee representatives, "Now get Block off my back!" I want that on my tombstone.
We now have an insane $3.7 trillion (or $3,700 billion) budget (up 43% in 3 years), with a $1.65 trillion (or $1,650 billion) deficit. We are fighting about a ridiculously inadequate $8 to $61 billion spending cut. This is 0.22% to 1.65% of spending, though we are already so broke that 80% of our bonds and Treasury bills are now being slight-of-hand bought by the Federal Reserve.
There is a far better way: shut down government at the federal level. Divide the $1.65 trillion deficit by 365 days and you get $4.5 billion a day. If you shut down government, for 14 to 30 days, you save $63 to $135 billion. Of course, you do not need to shut down government for a year to get a balanced budget. Low government spending and borrowing, plus less government regulation, will make business boom.
A Republican House approved bill guarantees that this will not affect our troops. Obama says this is a distraction. However, once we shut down government, government will distract us much less.