Satire
Children to begin paying taxes on allowances: Due to increasing budget deficits and a high national debt, the IRS has reportedly been forced to close a loophole in the income tax laws. In a prepared statement read by the Treasury Secretary John Snow, the IRS will be enforcing 455(j) of the Federal Income Tax Code, and begin collecting taxes children's allowances.
Under this new interpretation, children over five would be forced to file a W-4 form with their parents or legal guardian. According to Secretary Snow, "This is the perfect opportunity to teach children about taxation and to teach parents what is means to run a business."
The Treasury Secretary's statement also highlighted that "every citizen of the United States needs to have a financial commitment to the war on terror. If we teach children that they get free money without helping our troops in Iraq, what kind of message does that send?"
Jerry McDingle of Citizens Unite! No Taxes asserted that this is the government just trying to seek another way of bilking the taxpayer: "These parents already pay taxes that they should not have to pay, now they are being forced top pay taxes againbecause they want to give their children some money for helping out around the house?"
Rob Deever of the Citizens for Justified Taxation merely said that [section 455(j)] "might represent a violation of child labor laws, we'll have to look into it."
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Children to begin paying taxes on allowances: Due to increasing budget deficits and a high national debt, the IRS has reportedly been forced to close a loophole in the income tax laws. In a prepared statement read by the Treasury Secretary John Snow, the IRS will be enforcing 455(j) of the Federal Income Tax Code, and begin collecting taxes children's allowances.
Under this new interpretation, children over five would be forced to file a W-4 form with their parents or legal guardian. According to Secretary Snow, "This is the perfect opportunity to teach children about taxation and to teach parents what is means to run a business."
The Treasury Secretary's statement also highlighted that "every citizen of the United States needs to have a financial commitment to the war on terror. If we teach children that they get free money without helping our troops in Iraq, what kind of message does that send?"
Jerry McDingle of Citizens Unite! No Taxes asserted that this is the government just trying to seek another way of bilking the taxpayer: "These parents already pay taxes that they should not have to pay, now they are being forced top pay taxes againbecause they want to give their children some money for helping out around the house?"
Rob Deever of the Citizens for Justified Taxation merely said that [section 455(j)] "might represent a violation of child labor laws, we'll have to look into it."
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