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Speaker 1: You have Illinois Governor JB.

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Speaker 2: Pritzker saying he wants to prosecute, prosecute ICE agents for

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Speaker 2: simply doing their job and enforcing the law. You've got

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Speaker 2: California and Los Angeles County declaring an emergency over ICE

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Speaker 2: enforcing the law and providing further benefits to those that

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Speaker 2: are here illegally.

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Speaker 1: Listen. It's all a setup.

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Speaker 2: To this weekend, to the no Kings protests that'll be

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Speaker 2: taking place with some with sixty eight locations here in Minnesota,

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Speaker 2: and as I mentioned the last hour, I hope they're huge.

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Speaker 2: I hope that plenty of Democrats and Progressives whatever you

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Speaker 2: want to however you want to label. I hope as

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Speaker 2: many as possible go out and protest.

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Speaker 1: Go for it.

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Speaker 2: Waste your time, waste your energy, because a majority of them,

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Speaker 2: that's all they're going to do.

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Speaker 1: And I'd rather have them out.

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Speaker 2: There putting their hate on display for the world to

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Speaker 2: see than going and actually doing anything tangible relating to

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Speaker 2: electing for their Democrats to power, because that is still

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Speaker 2: where the decisions are made. Unless the Democrats get what

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Speaker 2: they want, and they do bring us to the brink

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Speaker 2: of civil war and states end up aligning together to

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Speaker 2: go back against the Trump administration, and a lot of

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Speaker 2: what we're laying out looks like that looks like a.

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Speaker 1: Prequel to the movie Civil War.

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Speaker 2: It's Twin Cities News Talk Am eleven thirty and one

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Speaker 2: oh three five FM broadcasting from the six' five to

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Speaker 2: one Carpet Next Day Install.

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Speaker 1: Studios gladuate the show this.

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Speaker 2: Morning my name Is John. Justice in there Is brett

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Speaker 2: and The Master Control. Booth, listen The democrats have gone completely. Irrational,

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Speaker 2: listen let me let me play for. This i've been

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Speaker 2: sitting on this for a little. WHILE i won't play

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Speaker 2: in its. Entirety we're going to get back to your

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Speaker 2: talkbacks and we'll dive into some local news here as.

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Speaker 2: Well with what The democrats are planning to do and

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Speaker 2: perpetuating the, shutdown it falls right in line with What

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Speaker 2: i've been talking. About they were going After, trump initially

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Speaker 2: over me tweets and Bogus russia collusion, narratives and now

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Speaker 2: in their staunch opposition to anything relating to, Conservatism trump Or,

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Speaker 2: republicans The democrats are actually using tax dollars criminals to

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Speaker 2: go and further their opposition To. Trump and yet they

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Speaker 2: continue to put their hypocrisy on full. Display this was

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Speaker 2: From Fox. News this is a Montage democrats squad members

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Speaker 2: aoc Ilhan omar all demanding a ceasefire Between israel And

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Speaker 2: hamas and Yet trump brings that peace and ceasefire and

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Speaker 2: they're all.

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Speaker 1: Silent, Now, amico.

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Speaker 3: Sponsor of the ceasefire, resolution this is not, war this is.

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Speaker 4: Payoff we are calling for an end of this, violence

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Speaker 4: not a break in the.

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Speaker 5: Violence the temporary pauses are not.

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Speaker 1: Enough we need a permanent. Ceasefire. Now we need an

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Speaker 1: end to the.

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Speaker 4: Genocide that is why we are, here and end to

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Speaker 4: this one sighted war and end to the weapons sales

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Speaker 4: and asking for ass.

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Speaker 5: And they weren't asking for the hostages to be released

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Speaker 5: in addition to.

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Speaker 1: That but, anyway eli lay from the free.

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Speaker 5: Press, yeah of, course not From Fox.

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Speaker 2: News trump could today and all THE ice operations and

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Speaker 2: all the border security take a stance of what The

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Speaker 2: biden administration, did and you know.

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Speaker 1: How that would play.

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Speaker 2: Out the left would go, silent the media would cover.

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Speaker 2: It you wouldn't hear anything for about a, week a

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Speaker 2: week and a, half and then suddenly you would begin

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Speaker 2: to hear the cries From democrats about How trump is

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Speaker 2: ignoring the rule of, law how he no longer respects

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Speaker 2: the sovereignty of this, nation how he no longer respects

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Speaker 2: that we have orders in this, country.

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Speaker 1: And how allowing.

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Speaker 2: All these people to flood into the country is, inhumane law,

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Speaker 2: breaking you name. It it wouldn't happen, instantly but that's

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Speaker 2: exactly what would, happen because that's all The democrats.

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Speaker 1: Have right, now and they're losing the.

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Speaker 2: Argument and the more that they're polling numbers, drop the

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Speaker 2: more in danger they look, electorally the more irrational they're.

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Speaker 2: Getting so again this, weekend go protest please by all,

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Speaker 2: means waste your time and.

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Speaker 1: ENERGY i can't wait to Watch.

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Speaker 6: Good Morning John rich. Here So trump is just gonna

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Speaker 6: have to declare The Insurrection, act and after this. WEEKEND

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Speaker 6: i wouldn't be surprised if he does declare. It So

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Speaker 6: democrats are pushing for this so.

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Speaker 1: They can call them a.

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Speaker 5: Dictator.

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Speaker 6: Yep but The Insurrection act has been used twenty three

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Speaker 6: times in night it, states it's in our history. Books

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Speaker 6: this is definitely defying federal.

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Speaker 1: Law and this is WHAT i was talking about last.

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Speaker 2: Hour Because trump has the authority to do that and

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Speaker 2: he actually has a justification to do, that but make no,

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Speaker 2: mistake that's What democrats are pushing. For so the question comes,

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Speaker 2: about and this is WHY i laid out the argument

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Speaker 2: that it really feels like the prequel to the Movie Civil,

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Speaker 2: war where in the movie didn't ever tell the story

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Speaker 2: of how they got to a civil war in the.

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Speaker 2: Country you start the film and we're already in the

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Speaker 2: middle of a civil. War BECAUSE i don't know what

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Speaker 2: the endgame is in everything that's taking place right.

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Speaker 5: NOW.

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Speaker 7: Jd pritsker is saying THAT ice agents are breaking the

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Speaker 7: law and doing illegal things by wearing, masks driving unmarked,

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Speaker 7: vehicles resting people without WEARING ice on. Uniforms, sure they

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Speaker 7: still identify, themselves BUT. Jd pritsker show me in the

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Speaker 7: law that it says that they have to do.

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Speaker 2: That they don't care THOUGH i understand what you're, saying

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Speaker 2: but it doesn't it doesn't. Matter it doesn't matter TO. Jb,

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Speaker 2: pritzker it doesn't matter To. Democrats they just they create

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Speaker 2: whatever reality they want to create if they feel like

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Speaker 2: it perpetuates their. Narrative You're you're absolutely, right it's. Ridiculous

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Speaker 2: you HAVE ice agents being. Docked we had the City

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Speaker 2: council In minneapolis warning individuals of ice raids taking place

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Speaker 2: when they were drug, raids and you saw the protests

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Speaker 2: that took. Place there is no being rational with those

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Speaker 2: on the left right, now, Morning.

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Speaker 3: JOHN i just wanted to tell you a little. Something

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Speaker 3: a little CONVERSATION i had with some of my liberal

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Speaker 3: friends and family the other, night and they're all excited

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Speaker 3: about THESE Noe king's, protests and they're all gloating and

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Speaker 3: talking about how afraid all of The magna group is

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Speaker 3: and how all afraid all The republicans, Are AND i,

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Speaker 3: replied it's quite, simply we're not afraid at, all because

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Speaker 3: our president has no problem sending in The National guard

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Speaker 3: to shut you guys.

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Speaker 1: Down it tells, me thank. You it tells you the bubble.

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Speaker 2: That they live in right, now where they actually believe

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Speaker 2: they had this mentality talking amongst themselves in their little

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Speaker 2: bubbles about how maga's so afraid to see all these.

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Speaker 1: People They republicans don't. CARE i, mean, Listen i'm not

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Speaker 1: going to repeat everything THAT i said.

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Speaker 2: BEFORE i hope they're. MASSIVE i hope they're. Huge it

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Speaker 2: doesn't make any difference at, all.

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Speaker 1: Is it because they're.

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Speaker 2: AFRAID i think that's really what it stems, from either

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Speaker 2: on a conscious or a subconscious. LEVEL i think that

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Speaker 2: BECAUSE i try to get into the mind of a

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Speaker 2: liberal of why they THINK maga would be upset by,

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Speaker 2: this why they think showing up in ridiculous. COSTUMES i

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Speaker 2: don't have a chance to dive into it, now but

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Speaker 2: there's a part in the costume shop that's seeing a

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Speaker 2: boost in business from ice protesters dressing as inflatable. Animals

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Speaker 2: and they're doing this because in one small part they're

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Speaker 2: trying to sort of lessen.

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Speaker 1: The violent aspect of.

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Speaker 2: It but the other part is they actually, believe many of,

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Speaker 2: them that this upsets conservatives And. Republicans i'll speak for,

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Speaker 2: me and LIKE i, said doesn't upset. ME i find

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Speaker 2: the whole thing. Amusing the only thing THAT i can

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Speaker 2: think of is that if you're on the, left if

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Speaker 2: you see anybody associated With trump OR, maga it triggers.

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Speaker 2: Them so they just assume that if they show up

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Speaker 2: in mass pushing back against The, president that.

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Speaker 1: A whole bunch Of republicans are going to be upset over.

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Speaker 1: That and, NO i hope that.

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Speaker 2: MILLIONS i hope every single Voting democrat takes to the

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Speaker 2: streets This. SATURDAY i really, do because many of them

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Speaker 2: will be less inclined to actually get politically involved to

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Speaker 2: do something of any.

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Speaker 8: Value good, Morning, john great show as. Usual it's obvious

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Speaker 8: what The No king's protest is about this. Weekend it's

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Speaker 8: all about on legacy media news cycle running cover for

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Speaker 8: The democrats while they're meeting In Napa. Valley it's so obvious.

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Speaker 2: Now the meeting In Napa valley ended on two days.

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Speaker 2: AGO i think it was only like the thirteenth and,

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Speaker 2: fourteenth and the media gave them all the cover that they,

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Speaker 2: needed so nobody even found out about that that whole.

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Speaker 2: THING i understand where your logic came, from but that's

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Speaker 2: what that was in regard. To BUT i can't help

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Speaker 2: but think that a part of The democrats plan with

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Speaker 2: These No kings rallies is this kind of a test.

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Speaker 2: Run how many people can we get out into the

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Speaker 2: streets protesting and where does all of this end up

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Speaker 2: Going in the opposition and the declaring of emergencies In

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Speaker 2: california AND. Jb pritzker threatening to arrest ice agents for

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Speaker 2: enforcing the, Law.

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Speaker 5: John you are nailing. It.

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Speaker 9: Today, yeah if he decided to do what The democrats,

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Speaker 9: want they go after him for not doing what he's doing,

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Speaker 9: now you, know not enforcing rule of law and sovereignty

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Speaker 9: of this.

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Speaker 5: Nation you are so nailing, it. Man democrats are psychotic nut.

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Speaker 2: JOBS a psychotic nut job better racehorse or rock. Band

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Speaker 2: i'm gonna go rock band on that opening for Mister.

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Speaker 2: Zer we'll get to this next Before Dan pilla joins

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Speaker 2: us in the. Studio will we'll switch things up and

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Speaker 2: talk taxes for a.

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Speaker 5: Bit.

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Speaker 1: NOW i always have fun When dan joins.

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Speaker 2: THIS i know it's, taxes, Right it's about as much

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Speaker 2: fun as watching.

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Speaker 1: A tax on. It, no but it's. NOT i know

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Speaker 1: you guys have a lot of questions regarding your.

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Speaker 2: Taxes there's been a ton of changes in The Big

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Speaker 2: Beautiful bill and other issues as. Well so we'll have

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Speaker 2: our tax guru in and we'll move away from the doomsday.

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Speaker 2: Talk we do have a little bit more to cover.

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Speaker 2: Though The Start tribune had this article earlier in the.

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Speaker 2: WEEK i laughed at the Headline minnesota often at receiving

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Speaker 2: end Of Trump Justice department legal.

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Speaker 1: Blitz, well, yeah.

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Speaker 2: Duh Because minnesota doesn't respect federal. Law so of course

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Speaker 2: they're going to be on the receiving end of The

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Speaker 2: Justice department pushing back on.

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Speaker 10: It News Talk am eleven thirty and one oh three

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Speaker 10: point FIVE.

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Speaker 11: Fm are you or someone you know suffering from?

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Speaker 2: Liabetes are you a paid propagandast shilling for political?

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Speaker 1: Organizations Trump acillin may be right for.

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Speaker 12: You Trump acillin is a once daily gop injection specifically

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Speaker 12: formulated to control your high l one, e lower your bull,

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Speaker 12: threshold and stop you from being a grifting piece Of

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Speaker 12: with trump, acillin happiness returns fear mongering subsides and leftist,

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Speaker 12: tendencies melt, away don't fake protest or pretend to chase

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Speaker 12: bicycle riders while using trump. Acillin side effects may include wearing,

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Speaker 12: pants not disrespecting your fellow, veterans and improved attitude and

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Speaker 12: maintaining a healthy level of dental.

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Speaker 11: Hygiene, drifting, lying and misinformation are not conducive to civil.

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Speaker 11: Society talk to your doctor today and ask if crumpcillan

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Speaker 11: could help manage your l One, Yeah.

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Speaker 13: I'm scared of The No king's, protesters Like i'm scared

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Speaker 13: of my neighbor's.

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Speaker 1: Chihuahua, yeah it barks a. Lot it tries to bite.

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Speaker 7: Me, ah it's totally gonna maide me think think the

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Speaker 7: world's gonna.

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Speaker 1: END i don't know What i'm gonna do with. Myself

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Speaker 1: please don't go out and pitch a hissy. FIT i

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Speaker 1: don't know If i'll.

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Speaker 7: Survive you know what.

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Speaker 1: That's going in the uh running for Talk back of The.

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Speaker 2: Day Twinter Cities News Talk am eleven thirty one oh

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Speaker 2: three FIVE. Fm IS i still out my post a

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Speaker 2: note BEFORE i? Forget my name Is John justice and

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Speaker 2: the master control booth Is. Brett this, MORNING i did

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Speaker 2: have a few people that said that they do actually

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Speaker 2: healer their ring tone to a particular. PERSON i do

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Speaker 2: that with our text, messages like everybody in the house.

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Speaker 2: There WHEN i get a text from Any Melinda logan

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Speaker 2: Or Kyle, LIKE i can tell who it is based

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Speaker 2: off of the text message.

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Speaker 1: Tone you probably don't do that, either, though do?

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Speaker 2: YOU i. Don't, okay that's fine, AGAIN i had no

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Speaker 2: problem with that in the first hour of the. Show

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Speaker 2: for not a. Debate, no it's not a. Debate thank

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Speaker 2: you an easier way to say. IT i Appre this

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Speaker 2: is WHY i Appreciate brett simplifies my.

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Speaker 5: Ramblings you're fascinating to talk.

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Speaker 2: To from the six to five One Carpet Next Day Install,

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Speaker 2: Studios Aquerus Home services has your shot at four tickets

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Speaker 2: to See Green bay take on The purple in Early.

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Speaker 2: January you also get five hundred dollars in game day.

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Speaker 2: Cash if you want to register for your chance to,

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Speaker 2: win you can head on over to The Twin Cities

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Speaker 2: News talk contest. Page That's Twin cities News talk dot

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Speaker 2: com slash furnace that is where you can Enter Dan.

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Speaker 2: Pilla we'll be joining us in studio and the next

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Speaker 2: segment he's actually downstairs.

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Speaker 1: Already so he'll be joining us with any tax.

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Speaker 2: Related questions that you might have for our tax guru.

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Speaker 1: A couple of different.

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Speaker 2: Stories we'll get into the irs to announce tax brackets

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Speaker 2: with higher deductions courtesy of The Big Beautiful. Bill Some

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Speaker 2: americans are actually going to lose a popular four oh

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Speaker 2: ONE k tax break and major retirement rule change starting

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Speaker 2: in twenty twenty, six so.

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Speaker 1: We'll get into.

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Speaker 2: That any tax questions that you have for the Tax

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Speaker 2: guru again coming up in the next. Segment start tribute.

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Speaker 2: Article minnesota often at receiving end Of Trump Justice department legal,

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Speaker 2: blitz immigration, policies transgender athlete, participation voting procedures just a

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Speaker 2: few of The minnesota policies under scrutiny from the federal,

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Speaker 2: government and experts say it's hard to sort out the possible.

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Speaker 2: Consequences the article Says minnesota has responded in the courts

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Speaker 2: With Attorney General Keith, ellison who won't clap for honor flight.

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Speaker 2: Veterans we'll get to that later on next. Hour courtesy

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Speaker 2: Of Alpha. News you, see the Attorney general has joined

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Speaker 2: more than thirty lawsuits to block major parts Of trump's,

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Speaker 2: agenda many in conjunction with other, states from suing over

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Speaker 2: federal funding freezes To trump's.

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Speaker 1: Tariffs but those are kind of two different.

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Speaker 2: THINGS i, mean here you have these legitimate ways in

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Speaker 2: which the federal government is legally going after the state

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Speaker 2: Of minnesota over, immigration sanctuary, policies trans athlete, participation not

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Speaker 2: turning over voter, rolls which are legally obligated to. Do

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Speaker 2: but See minnesota right, now without any ice, raids has

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Speaker 2: to do its part to Defy. Trump so while other

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Speaker 2: states Like chicago And california have ice raids taking, place

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Speaker 2: it hasn't happened. Here but they're a part of this as,

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Speaker 2: well and this is how they're doing their, part all

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Speaker 2: to try to Paint trump as an authoritarian. Dictator they've

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Speaker 2: gone beyond the, lawfair they've gone beyond The russia, collusion

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Speaker 2: focusing just On.

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Speaker 1: Trump now they're actually going and using.

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Speaker 2: Taxpayers and taxpayer dollars to get people upset as they

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Speaker 2: tried to Paint trump And conservatives as authoritarian.

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Speaker 1: Tyrants Chuck schumer, yesterday.

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Speaker 2: Doing his part to perpetuate this, nonsense as the shutdown

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Speaker 2: drags on for a third, week had this to, Say.

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Speaker 10: Look every, day more and More americans see how bad

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Speaker 10: this health crisis, is as they get their, notices as

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Speaker 10: they hear all about, it and every day they are

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Speaker 10: seeing more and more That democrats are on their, side

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Speaker 10: fighting for what they believe.

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Speaker 2: It in the, Meantime Speaker johnson lays out the whole

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Speaker 2: reason why at the moment this shutdown.

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Speaker 1: Continues can you make a he's doing it for.

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Speaker 14: Himself can you make a five second prediction here for?

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Speaker 1: Us how long does this go? ON i hope it ends.

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Speaker 13: SOON i don't think it will end before The Hate

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Speaker 13: america rally on the mall On, saturday where they call

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Speaker 13: The marxist And antifa, people and all the people who

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Speaker 13: Hate trump and Hate america.

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Speaker 1: Will be there after, that.

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Speaker 13: THOUGH i hope there's a couple of Sensitive, democrats Sensible

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Speaker 13: democrats who will come to their senses over in The

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Speaker 13: senate and vote the right way to do the right

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Speaker 13: thing that they have always done every time in the

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Speaker 13: past in their. Career they need to do it now

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Speaker 13: for the, people for The american.

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Speaker 1: People, NO i don't think this shutdown is ending anytime.

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Speaker 2: Soon From fox nine, Today local officials are Warning MINNESOTA

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Speaker 2: snap recipients that benefits will run out if the government

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Speaker 2: shut down lasted In. November PENDING snap applications processed on

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Speaker 2: or after yesterday cannot and will not be, approved according

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Speaker 2: to state, officials Who i'm sure under The Walls administration

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Speaker 2: are more than happy to perpetuate. This minnesota officials say

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Speaker 2: THE usda has directed states to Hold november issuance of

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Speaker 2: files and delay transmission to STATE eat vendors until further.

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Speaker 2: Notice counties and tribal nations can continue to review applications

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Speaker 2: and work with, applicants but they cannot approve households for new.

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Speaker 1: Benefits you're looking at program benefits.

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Speaker 2: For about four hundred and forty thousand people in the

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Speaker 2: state Of, minnesota forty two million people across the, Country

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Speaker 2: and with The left doing everything they can to create

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Speaker 2: arguments Against, trump how likely Are democrats to allow this

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00:18:26,119 --> 00:18:29,399
Speaker 2: to continue to happen or for this to happen in

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Speaker 2: order to manufacture the.

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Speaker 1: Outrage and when.

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Speaker 2: You actually get into the details of The democrats shut down,

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Speaker 2: plan who's benefiting most from? It it's illegal aliens and insurance.

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Speaker 2: Companies So democrats shut down as it relates to the insurance.

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Speaker 2: Companies one Of President Joe BIDEN'S covid era bonus, programs

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Speaker 2: the temporary policy to Expand obamacare credits to insurance, companies

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Speaker 2: more recently known as The great To obamacare enrollment. Fraud

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00:19:03,840 --> 00:19:06,960
Speaker 2: at the, Time BIDEN'S covid bonus was sold as a

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Speaker 2: temporary boost with an expiration date Of december thirty first

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Speaker 2: of twenty twenty, five a date unilaterally chosen and agreed

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Speaker 2: to by The democrats in. Charge these are the credits

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Speaker 2: That democrats just shut down the government to.

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Speaker 1: Protect, oh and how are.

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Speaker 2: THESE covid benefits actually going in benefiting. Individuals i'll talk

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Speaker 2: about this next. Hour i'll give you one, Example, OKAY

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Speaker 2: covid relief funds in the city Of bloomington were just

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Speaker 2: used to complete renovations At City hall In.

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Speaker 1: Bloomington for a.

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00:19:48,000 --> 00:19:53,600
Speaker 2: Bathroom the cost of that bathroom nine hundred and eighty

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Speaker 2: thousand dollars over nearly a, million and it WAS covid

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Speaker 2: relief funds that were. Used now we're talking about DIFFERENT

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Speaker 2: covid funds relating to The obamacare, subsidies but they're still

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Speaker 2: coming from the same place that should have expired a

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Speaker 2: long time, though BECAUSE i don't know about, you but

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Speaker 2: THE covid pandemic's been over for a while, now and

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Speaker 2: the fact that they're LABELED covid, Funds i'm surprised The

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00:20:21,280 --> 00:20:23,240
Speaker 2: democrats didn't move to go and call them something else

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00:20:23,280 --> 00:20:26,320
Speaker 2: at this point in. Time but they don't even care

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00:20:26,359 --> 00:20:30,800
Speaker 2: if they're rational right, now it doesn't it doesn't matter all.

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Speaker 2: Right coming, up get your talkbacks into The iHeart radio.

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Speaker 1: App we do have a couple of.

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Speaker 2: Items relating to tax changes in the big beautiful bill

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Speaker 2: and much more to talk with our tax, Guru Dan,

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Speaker 2: pillow who's in The Master control booth now With brett

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00:20:45,040 --> 00:20:47,399
Speaker 2: and he'll join me in studio next and answer your

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00:20:47,480 --> 00:20:50,240
Speaker 2: questions here On Twin Cities News TALK am eleven thirty

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00:20:50,280 --> 00:20:57,840
Speaker 2: and one oh three FIVE. Fm, YEAH i hate to

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00:20:58,119 --> 00:21:01,520
Speaker 2: break it to, everybody but our tax Or Dan pilla

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00:21:01,640 --> 00:21:02,280
Speaker 2: just made a really good.

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Speaker 1: Point we're conspiring right.

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00:21:03,640 --> 00:21:08,159
Speaker 2: Now we were talking about conspiracies and not wanting to

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00:21:08,200 --> 00:21:10,680
Speaker 2: go down the road of. Conspiracies And i've been talking

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00:21:10,720 --> 00:21:13,080
Speaker 2: about it all morning, long relating to how The democrats

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Speaker 2: are in opposition To trump and the links that they're.

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00:21:15,840 --> 00:21:18,399
Speaker 2: Going and you, Know daniel made a great, point actually

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00:21:18,440 --> 00:21:22,679
Speaker 2: get into the definition of conspiracy and it's not so

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00:21:22,960 --> 00:21:25,680
Speaker 2: unlikely and maybe we shouldn't be looking at that term

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00:21:25,720 --> 00:21:28,080
Speaker 2: as such a negative. One here On Twin Cities News,

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00:21:28,119 --> 00:21:29,320
Speaker 2: Talk good, Morning good.

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00:21:29,119 --> 00:21:30,080
Speaker 5: Morning how you, Doing John?

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Speaker 14: Well the legal definition of a, Conspiracy, john is two

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00:21:32,480 --> 00:21:35,879
Speaker 14: people working together toward a common. Goal and AS i pointed,

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00:21:35,880 --> 00:21:38,280
Speaker 14: out you AND i conspired to do this radio show this.

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00:21:38,359 --> 00:21:40,960
Speaker 14: Morning you sent me a. TEXT i, responded we shared

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00:21:41,000 --> 00:21:42,159
Speaker 14: some ideas, HERE i.

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00:21:42,160 --> 00:21:43,200
Speaker 5: Am that's a. Conspiracy.

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00:21:43,240 --> 00:21:45,359
Speaker 14: Yeah, now if you have a conspiracy the end of

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00:21:45,359 --> 00:21:49,320
Speaker 14: which is an illegal, act then that's an illegal. Conspiracy,

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00:21:49,520 --> 00:21:53,159
Speaker 14: otherwise people conspire every single day to accomplish certain. Goals

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00:21:53,720 --> 00:21:55,600
Speaker 14: there's no question The democrats are doing.

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00:21:55,600 --> 00:21:58,840
Speaker 2: That from the six five to one Carpet Next day install. Studios,

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00:21:59,480 --> 00:22:01,520
Speaker 2: yes so we were. Talking we're getting into the we'll

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00:22:01,520 --> 00:22:03,160
Speaker 2: get into the tax. Stuff and you have any tax

404
00:22:03,160 --> 00:22:07,400
Speaker 2: related questions for For Dan pillar tax. Guru tax help

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00:22:07,480 --> 00:22:08,600
Speaker 2: online dot com is.

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00:22:08,520 --> 00:22:10,760
Speaker 5: The, website, right that's, right just help online dot.

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00:22:10,800 --> 00:22:12,800
Speaker 2: Com but you can get some free advice this morning

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00:22:12,840 --> 00:22:14,760
Speaker 2: if you want to leave us a talk back brought

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00:22:14,760 --> 00:22:18,520
Speaker 2: to you By Lyndahl realty via The iHeart radio. App

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00:22:18,560 --> 00:22:20,399
Speaker 2: but you know a lot of talk we Play schumer

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00:22:20,440 --> 00:22:23,960
Speaker 2: there a moment, ago speaker excuse, Me Speaker johnson responding To,

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00:22:24,000 --> 00:22:28,960
Speaker 2: Schumer Chuck, schumer thinking that the shutdown's gonna last be

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00:22:29,040 --> 00:22:31,080
Speaker 2: on this weekend because they're trying to use this to

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00:22:31,520 --> 00:22:34,160
Speaker 2: help with these No kings. Protests but at the same,

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00:22:34,200 --> 00:22:36,480
Speaker 2: time when you look at the fact that you, know

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00:22:36,760 --> 00:22:40,240
Speaker 2: nise snap benefits could be put on hold In, november

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00:22:40,359 --> 00:22:43,560
Speaker 2: the way The democrats are currently attempting to exploit this

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00:22:43,640 --> 00:22:47,000
Speaker 2: shutdown for their own political, Narratives i'm a little bit

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00:22:47,600 --> 00:22:50,400
Speaker 2: concerned thinking that they may try to extend this Into.

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Speaker 1: November the next few weeks to take advantage of that as.

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Speaker 2: Well AND i guess from a you, know from a fiscal,

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00:22:55,000 --> 00:22:56,240
Speaker 2: standpoint what are your thoughts on, This?

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Speaker 14: Dan, well first of, all we've got these politicians out

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00:22:58,920 --> 00:23:02,159
Speaker 14: there saying that the the revenue to the federal government

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00:23:02,160 --> 00:23:04,639
Speaker 14: has now, stopped, right so not only do they not

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00:23:05,000 --> 00:23:07,760
Speaker 14: have any programs that they're, funding but they don't have

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00:23:07,760 --> 00:23:11,440
Speaker 14: any revenue coming, in which is simply. Nonsense that's just absolute.

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00:23:11,440 --> 00:23:14,920
Speaker 14: Nonsense first of, all THE irs is. Continued certain elements

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00:23:14,920 --> 00:23:17,680
Speaker 14: of THE irs are continuing to function through the. Shutdown

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00:23:17,720 --> 00:23:20,760
Speaker 14: this has always been the. Case essential employees within THE

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00:23:20,760 --> 00:23:23,760
Speaker 14: irs continue to go to, work and among the essential

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Speaker 14: employees that are always on the list are those folks

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Speaker 14: that are responsible for receiving payments and processing. Payments so

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Speaker 14: if you sent a check to THE irs, YESTERDAY i

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00:23:32,480 --> 00:23:36,280
Speaker 14: hope you got your tax return filed by the deadline, Yesterday, John, okay.

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00:23:36,080 --> 00:23:36,840
Speaker 5: GOOD i do mine right.

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00:23:36,840 --> 00:23:37,920
Speaker 1: Away i'm probably doing them way too.

438
00:23:37,920 --> 00:23:41,760
Speaker 14: Early so you, know not only not only do people

439
00:23:41,840 --> 00:23:44,720
Speaker 14: continue to file their tax returns right because most people

440
00:23:44,720 --> 00:23:47,680
Speaker 14: are filing, electronically over eighty percent of the returns going,

441
00:23:47,720 --> 00:23:51,080
Speaker 14: electronically and so THE irs has got the staff in

442
00:23:51,240 --> 00:23:55,200
Speaker 14: the various campuses that receive the mail take the checks

443
00:23:55,200 --> 00:23:57,760
Speaker 14: out of the mail process the. Checks in addition to,

444
00:23:57,800 --> 00:24:01,200
Speaker 14: that three out of every five dollar and this is

445
00:24:01,320 --> 00:24:03,240
Speaker 14: year in and year, out three out of every five

446
00:24:03,320 --> 00:24:06,560
Speaker 14: dollars that's collected by THE irs is not collected by THE.

447
00:24:06,600 --> 00:24:07,040
Speaker 5: Irs.

448
00:24:07,160 --> 00:24:12,280
Speaker 14: John it's collected by employers through wage withholding on their employees',

449
00:24:12,320 --> 00:24:16,919
Speaker 14: paychecks and those employers direct deposit that money through the

450
00:24:16,960 --> 00:24:21,639
Speaker 14: IRS's bank systems through the computerized system that's been in

451
00:24:21,680 --> 00:24:25,240
Speaker 14: existence FOR i don't know thirty five years maybe more

452
00:24:25,520 --> 00:24:28,560
Speaker 14: on the at least on the withholding part for. Businesses

453
00:24:28,800 --> 00:24:31,880
Speaker 14: so this idea that revenue to the government has stopped

454
00:24:32,119 --> 00:24:32,680
Speaker 14: is just pure.

455
00:24:32,760 --> 00:24:35,119
Speaker 5: Nonsense let's keep with that for a.

456
00:24:35,119 --> 00:24:37,959
Speaker 2: MOMENT i initially brought you on because there are some

457
00:24:38,640 --> 00:24:42,240
Speaker 2: tax brackets higher deductions within the big beautiful. Bill there's

458
00:24:42,280 --> 00:24:46,600
Speaker 2: also A fourroh ONE k tax break and a major

459
00:24:46,760 --> 00:24:48,760
Speaker 2: retirement rule, change and we can get to this in

460
00:24:49,119 --> 00:24:51,679
Speaker 2: just a. Moment but since we're talking about THE, IRS

461
00:24:51,680 --> 00:24:54,240
Speaker 2: i know that you wanted specifically WHEN i reached out

462
00:24:54,280 --> 00:24:58,080
Speaker 2: to you to talk about THIS irs and compliance, issue

463
00:24:58,080 --> 00:25:00,280
Speaker 2: and what did you want to let the listener this

464
00:25:00,320 --> 00:25:01,480
Speaker 2: morning again talking With Dan.

465
00:25:01,520 --> 00:25:02,440
Speaker 1: Pillo, well what.

466
00:25:02,320 --> 00:25:04,520
Speaker 14: We're talking about, Here, john WHAT i alluded to was

467
00:25:04,880 --> 00:25:07,680
Speaker 14: the cost of, compliance and this is something that has never,

468
00:25:07,760 --> 00:25:10,600
Speaker 14: discussed and this is one of the biggest problems we

469
00:25:10,680 --> 00:25:12,560
Speaker 14: have with the income tax system that we have In

470
00:25:12,560 --> 00:25:15,399
Speaker 14: america right. Now i've said, BEFORE i probably said on this,

471
00:25:15,440 --> 00:25:19,400
Speaker 14: show If satan himself created a tax, system it wouldn't

472
00:25:19,440 --> 00:25:21,760
Speaker 14: be any worse than what we have In america right.

473
00:25:21,760 --> 00:25:24,399
Speaker 14: Now and one of the big and one of the

474
00:25:24,400 --> 00:25:27,520
Speaker 14: biggest problems with that is the code consists of more

475
00:25:27,560 --> 00:25:31,160
Speaker 14: than four million words that have been changed well over

476
00:25:31,240 --> 00:25:33,880
Speaker 14: six thousand times just since two thousand and one. Alone

477
00:25:33,920 --> 00:25:37,520
Speaker 14: so we're last twenty five years six thousand, Changes, john

478
00:25:37,800 --> 00:25:40,560
Speaker 14: and in the last five years they're probably a thousand,

479
00:25:40,720 --> 00:25:42,920
Speaker 14: changes all, right with all of the things that came

480
00:25:42,920 --> 00:25:45,880
Speaker 14: out DURING covid area and ALL covid era and all

481
00:25:45,880 --> 00:25:49,200
Speaker 14: this stuff that's going on right. Now what people don't

482
00:25:49,240 --> 00:25:53,320
Speaker 14: realize is it's one thing to pay your. Taxes right between, federal,

483
00:25:53,320 --> 00:25:56,480
Speaker 14: state and local. Taxes people In minnesota are paying upwards

484
00:25:56,480 --> 00:25:59,280
Speaker 14: of fifty percent of their income and. Taxes that's bad,

485
00:25:59,359 --> 00:26:02,479
Speaker 14: enough egregious, enough but what is on top of, that

486
00:26:02,560 --> 00:26:05,239
Speaker 14: what piles on top of that is the cost that,

487
00:26:05,400 --> 00:26:08,920
Speaker 14: you as a, taxpayer have to incur to pay those. Taxes,

488
00:26:09,160 --> 00:26:11,240
Speaker 14: right you have to make and keep, Records you have

489
00:26:11,320 --> 00:26:13,919
Speaker 14: to prepare the tax. Return most people are hiring some

490
00:26:14,040 --> 00:26:16,159
Speaker 14: kind of a tax professional to help, them if not

491
00:26:16,240 --> 00:26:20,160
Speaker 14: an accountant or an enrolled, agent they're at least purchasing

492
00:26:20,520 --> 00:26:23,359
Speaker 14: tax preparation software like TurboTax or THE h AND r

493
00:26:23,400 --> 00:26:26,640
Speaker 14: block system or whatever they're. Using these are out of pocket.

494
00:26:26,680 --> 00:26:29,639
Speaker 14: Expenses now you have the cost of. Enforcement if some

495
00:26:29,800 --> 00:26:32,479
Speaker 14: reason you get behind on your taxes and you have

496
00:26:32,520 --> 00:26:35,359
Speaker 14: to deal with enforcement action, ways, levies bank, lev's property,

497
00:26:35,400 --> 00:26:38,399
Speaker 14: caizers those kinds of, things then that cost is on

498
00:26:38,640 --> 00:26:39,600
Speaker 14: piled on top of.

499
00:26:39,640 --> 00:26:41,240
Speaker 5: That, right if you go through.

500
00:26:41,119 --> 00:26:44,040
Speaker 14: A tax, audit especially for, businesses tax audits are very

501
00:26:44,080 --> 00:26:47,600
Speaker 14: expensive for businesses to go. Through so what we're talking

502
00:26:47,640 --> 00:26:50,159
Speaker 14: about here is the tax. Burden AND i was talking

503
00:26:50,160 --> 00:26:53,080
Speaker 14: about this in the early nineteen nineties when nobody was

504
00:26:53,119 --> 00:26:56,680
Speaker 14: discussing the issue of what it takes to comply with this.

505
00:26:56,800 --> 00:27:01,520
Speaker 14: Law and now we're seeing The Internal Revenue, Services national

506
00:27:01,560 --> 00:27:05,560
Speaker 14: Tax Payer advocate producing reports on the compliance. Burden and

507
00:27:06,200 --> 00:27:09,240
Speaker 14: thank god for The Tax foundation In washington they've jumped

508
00:27:09,280 --> 00:27:12,159
Speaker 14: on this thing as, well and they're starting to do

509
00:27:12,200 --> 00:27:14,720
Speaker 14: analyses of the tax, burden and we're getting some real

510
00:27:14,840 --> 00:27:16,120
Speaker 14: numbers here as to what this thing.

511
00:27:16,200 --> 00:27:19,280
Speaker 2: Costs so are they looking at making changes or are

512
00:27:19,280 --> 00:27:22,720
Speaker 2: we just sort of in an analysis phase to get

513
00:27:22,760 --> 00:27:23,000
Speaker 2: to a.

514
00:27:23,040 --> 00:27:24,760
Speaker 1: Solution are they searching for a?

515
00:27:25,200 --> 00:27:27,679
Speaker 2: Solution do they view this as a problem as you

516
00:27:27,960 --> 00:27:29,280
Speaker 2: as you present it here on the show this.

517
00:27:29,359 --> 00:27:31,800
Speaker 14: Morning, WELL i started the debate in the early nineteen

518
00:27:31,880 --> 00:27:34,879
Speaker 14: nineties on whether we should abolished the income tax and

519
00:27:34,920 --> 00:27:37,160
Speaker 14: The Internal Revenue code entirely and go to a national

520
00:27:37,240 --> 00:27:39,880
Speaker 14: retail sales tax. System Right THAT'S i wrote a book

521
00:27:39,920 --> 00:27:41,880
Speaker 14: Called how To fire The irs that started that whole,

522
00:27:41,880 --> 00:27:44,320
Speaker 14: debate and one of the core arguments THAT i made

523
00:27:44,359 --> 00:27:46,600
Speaker 14: was this cost of compliance that nobody was talking.

524
00:27:46,600 --> 00:27:47,800
Speaker 5: About so now The.

525
00:27:47,760 --> 00:27:50,960
Speaker 14: Tax foundation has released to Study john recently that shows

526
00:27:51,200 --> 00:27:55,840
Speaker 14: that if we assume an hourly, wage we have one

527
00:27:56,040 --> 00:28:01,320
Speaker 14: we have seven point one billion hours That americans spend

528
00:28:01,440 --> 00:28:05,320
Speaker 14: complying with the federal income tax seven point one billion.

529
00:28:05,480 --> 00:28:08,360
Speaker 5: Hours and if we assume an hourly, wage.

530
00:28:08,280 --> 00:28:12,520
Speaker 14: That for that seven point one billion, dollars it's costing

531
00:28:12,600 --> 00:28:15,560
Speaker 14: the economy almost three hundred and eighty eight billion dollars

532
00:28:15,800 --> 00:28:18,639
Speaker 14: to comply with the. Law, now these are not additional

533
00:28:18,640 --> 00:28:21,240
Speaker 14: taxes that are paid into the. Government these are costs

534
00:28:21,320 --> 00:28:24,240
Speaker 14: out of your pocket that you have to incur to

535
00:28:24,320 --> 00:28:26,320
Speaker 14: comply with the. Law Those so this is money you

536
00:28:26,359 --> 00:28:30,119
Speaker 14: can't spend paying down, debt you can't spend investing in a,

537
00:28:30,160 --> 00:28:34,959
Speaker 14: home you can't spend providing for education for your children or. Retiring,

538
00:28:35,040 --> 00:28:37,600
Speaker 14: right this is money that's just. Gone it's the, equivalent

539
00:28:37,640 --> 00:28:41,120
Speaker 14: it's the economic, Equivalent, john of taking almost a half

540
00:28:41,160 --> 00:28:44,120
Speaker 14: a billion dollars and loading it on a barge and

541
00:28:44,240 --> 00:28:46,440
Speaker 14: dumping it into the middle of the. Ocean that's the

542
00:28:46,560 --> 00:28:49,960
Speaker 14: economic benefit we get out of, this which is exactly.

543
00:28:50,120 --> 00:28:53,800
Speaker 2: Zero so again talking with our tax, Guru Dan, pilla

544
00:28:53,840 --> 00:28:55,720
Speaker 2: AND i have a question that rolled it in. Here

545
00:28:56,080 --> 00:28:59,280
Speaker 2: so what are they looking at right now on the federal?

546
00:28:59,400 --> 00:29:03,680
Speaker 2: Level and the is this is this leaning into what

547
00:29:03,720 --> 00:29:06,880
Speaker 2: it is that you've been calling for this whole, time

548
00:29:07,120 --> 00:29:10,360
Speaker 2: or is it just further evidence of what you've been

549
00:29:10,400 --> 00:29:14,000
Speaker 2: seeing with this compliance as a problem and there still

550
00:29:14,080 --> 00:29:17,239
Speaker 2: isn't a potential fix in the mix of what's being

551
00:29:17,280 --> 00:29:17,840
Speaker 2: analyzed right.

552
00:29:17,880 --> 00:29:20,400
Speaker 14: Now will the Undercurrent, john is exactly that all. Right

553
00:29:20,440 --> 00:29:23,480
Speaker 14: it's just a discussion. Point it's something that we need

554
00:29:23,480 --> 00:29:25,800
Speaker 14: to be aware. Of it's something that people just don't think.

555
00:29:25,840 --> 00:29:29,520
Speaker 14: Of uh and and it is supporting my argument that

556
00:29:29,560 --> 00:29:31,600
Speaker 14: we got to abolish THE irs and The Income. Tact

557
00:29:31,680 --> 00:29:34,200
Speaker 14: we've been tinkering around the Edges john for too. Long

558
00:29:34,480 --> 00:29:36,880
Speaker 14: and that's exactly what we see with The Big Beautiful Bill.

559
00:29:36,960 --> 00:29:38,960
Speaker 14: Act that's what we've seen with The Secure, Act that's

560
00:29:38,960 --> 00:29:41,280
Speaker 14: what we've seen with The Inflation Reduction. Act just go

561
00:29:41,400 --> 00:29:44,360
Speaker 14: down the list of all this insanity that comes out Of,

562
00:29:44,360 --> 00:29:47,280
Speaker 14: congress and this is this is the thing that we

563
00:29:46,840 --> 00:29:50,520
Speaker 14: have lost sight of every single time there's a New.

564
00:29:50,520 --> 00:29:52,840
Speaker 14: Congress and it doesn't make any difference whether whether the

565
00:29:52,920 --> 00:29:55,080
Speaker 14: leadership in The White house has changed or. Not every

566
00:29:55,080 --> 00:29:57,200
Speaker 14: time there's a New, congress that's every two years, now

567
00:29:57,560 --> 00:30:01,000
Speaker 14: there is a new tax bill that comes out and

568
00:30:01,840 --> 00:30:04,719
Speaker 14: even and we see, this we see this over and

569
00:30:04,800 --> 00:30:07,600
Speaker 14: over and over. Again there's no end of. It. It

570
00:30:07,680 --> 00:30:09,200
Speaker 14: we have to have a new tax. Bill we have

571
00:30:09,240 --> 00:30:11,360
Speaker 14: to tweak. This we have to tweak. That the ink

572
00:30:11,480 --> 00:30:13,520
Speaker 14: isn't dry on the old, one whatever the old one

573
00:30:13,560 --> 00:30:13,920
Speaker 14: happened to.

574
00:30:13,960 --> 00:30:14,800
Speaker 5: Be the ink isn't.

575
00:30:14,880 --> 00:30:19,360
Speaker 14: Dry people haven't wrapped their heads around what compliance burdens

576
00:30:19,400 --> 00:30:21,360
Speaker 14: they have with respect to the old, law and now

577
00:30:21,360 --> 00:30:22,080
Speaker 14: we want to change.

578
00:30:22,080 --> 00:30:23,560
Speaker 5: It we want to tweak it this way or that.

579
00:30:23,600 --> 00:30:30,080
Speaker 14: Way Ron, widen the leftist senator From, oregon just introduced

580
00:30:30,080 --> 00:30:32,320
Speaker 14: a bill that he calls The Billionaire's Income.

581
00:30:32,360 --> 00:30:34,880
Speaker 5: Tax this idea just won't go, away all.

582
00:30:34,960 --> 00:30:39,920
Speaker 14: Right Elizabeth warren proposed, It Bernie sanders opposed. It now

583
00:30:39,920 --> 00:30:42,160
Speaker 14: we Got white and of Course Kamala harris was on

584
00:30:42,200 --> 00:30:43,479
Speaker 14: board with that insanity as.

585
00:30:43,520 --> 00:30:46,360
Speaker 5: Well and they just won't let this go. Away so if.

586
00:30:46,160 --> 00:30:49,640
Speaker 14: The power shifts In washington toward the, left this is

587
00:30:49,840 --> 00:30:52,680
Speaker 14: just one more tax law change that we're going to

588
00:30:52,760 --> 00:30:55,440
Speaker 14: have that's going to Affect they say it will only affect.

589
00:30:55,440 --> 00:30:56,360
Speaker 5: Billionaires that's.

590
00:30:56,440 --> 00:30:59,400
Speaker 14: Nonsense they passed these laws that affect high income, people

591
00:30:59,400 --> 00:31:03,920
Speaker 14: but they always filtered down to middle income and low Income.

592
00:31:03,960 --> 00:31:06,080
Speaker 14: Americans because Frankly john has where the money.

593
00:31:06,160 --> 00:31:08,320
Speaker 2: Is let's go to The iHeart radio app brought to

594
00:31:08,320 --> 00:31:10,760
Speaker 2: you By Lyndahl. Realty, again we have our, Taxes Guru

595
00:31:11,040 --> 00:31:12,760
Speaker 2: Dan pilla in, Studio.

596
00:31:13,160 --> 00:31:16,040
Speaker 15: John based on your tax discussion that you just, had

597
00:31:16,640 --> 00:31:20,440
Speaker 15: we have a system designed By. Satan can anyone tell

598
00:31:20,480 --> 00:31:23,560
Speaker 15: me why a flat tax would not be the. Answer

599
00:31:24,040 --> 00:31:27,920
Speaker 15: it's the most, fair it's the, simplest and, frankly it's

600
00:31:27,960 --> 00:31:32,160
Speaker 15: probably also the most reliable as far as budget. Planning flat,

601
00:31:32,200 --> 00:31:34,560
Speaker 15: tax and get rid of nonprofits while you're at, it

602
00:31:34,760 --> 00:31:38,400
Speaker 15: make everybody. Pay the only definition of a nonprofit to

603
00:31:38,440 --> 00:31:40,320
Speaker 15: me is where no one's getting. Paid it's one hundred

604
00:31:40,320 --> 00:31:41,960
Speaker 15: percent volunteer work out of your own.

605
00:31:41,960 --> 00:31:43,840
Speaker 2: Pocket so you AND i have been down this road,

606
00:31:43,880 --> 00:31:45,760
Speaker 2: before but it's been a while since we've talked about

607
00:31:45,800 --> 00:31:47,360
Speaker 2: and had you. On so what are your thoughts to

608
00:31:47,960 --> 00:31:48,840
Speaker 2: the talkback coming from?

609
00:31:48,840 --> 00:31:51,080
Speaker 14: That, yeah the caller, says can anybody tell me why

610
00:31:51,080 --> 00:31:52,000
Speaker 14: the flat tax isn't the?

611
00:31:52,040 --> 00:31:52,960
Speaker 5: ANSWER i can tell you.

612
00:31:53,040 --> 00:31:56,360
Speaker 14: Why first of, all first and, foremost a flat tax

613
00:31:56,400 --> 00:31:59,920
Speaker 14: is still an income, tax and the founder specifically reached

614
00:32:00,360 --> 00:32:03,320
Speaker 14: income taxation is the means of raising revenue because an

615
00:32:03,360 --> 00:32:07,520
Speaker 14: income tax burdens the engine of. Production what you, tax

616
00:32:07,600 --> 00:32:10,080
Speaker 14: you get less. Of what you subsidize you get more.

617
00:32:10,120 --> 00:32:14,520
Speaker 14: Of we don't want a tax system that subsidizes, savings, investment.

618
00:32:14,640 --> 00:32:17,520
Speaker 14: Production we don't want that because those are the things

619
00:32:17,520 --> 00:32:21,440
Speaker 14: we need for a, stable, growing steadily growing. Economy, right

620
00:32:21,480 --> 00:32:23,440
Speaker 14: we have to have a tax system that creates the

621
00:32:23,560 --> 00:32:26,680
Speaker 14: least amount of burdens in the, marketplace the least amount

622
00:32:26,720 --> 00:32:30,240
Speaker 14: of what economists would call distortions in the, Marketplace and

623
00:32:30,280 --> 00:32:33,520
Speaker 14: an income tax creates, distortions all, Right so that's number.

624
00:32:33,520 --> 00:32:36,680
Speaker 14: One number, two a flat tax still requires that you

625
00:32:36,800 --> 00:32:39,520
Speaker 14: file a tax, return AND i would confess to you

626
00:32:39,560 --> 00:32:42,280
Speaker 14: that the returns are, simpler there's no doubt about. That

627
00:32:42,560 --> 00:32:44,960
Speaker 14: but you still have to take affirmative action as a

628
00:32:45,000 --> 00:32:47,880
Speaker 14: citizen to make and keep, records to prepare that, return

629
00:32:47,920 --> 00:32:50,880
Speaker 14: to submit that, return and to deal with POTENTIAL iris

630
00:32:50,960 --> 00:32:53,520
Speaker 14: enforcement if you can't pay the. Tax the other problem

631
00:32:53,520 --> 00:32:55,720
Speaker 14: with the flat tax is people, say, Well, jan you

632
00:32:55,760 --> 00:32:56,520
Speaker 14: know THE irs to go.

633
00:32:56,600 --> 00:32:57,120
Speaker 5: Away, no they.

634
00:32:57,160 --> 00:33:00,720
Speaker 14: Won't they can still audit flat tax. Returns and you, say,

635
00:33:00,720 --> 00:33:02,080
Speaker 14: well how the heck are they going to audit a

636
00:33:02,080 --> 00:33:04,360
Speaker 14: flat tax? Return what is there to audit the?

637
00:33:04,480 --> 00:33:06,400
Speaker 5: Income? John they audit the.

638
00:33:06,480 --> 00:33:10,000
Speaker 14: Income in other, words every tax return has two. Components

639
00:33:10,280 --> 00:33:14,040
Speaker 14: the income component here's WHAT i. Made the deduction, component.

640
00:33:13,640 --> 00:33:14,120
Speaker 5: Here are my.

641
00:33:14,200 --> 00:33:17,160
Speaker 14: Expenses all, Right so the deduction component may go away

642
00:33:17,200 --> 00:33:20,560
Speaker 14: for individual tax, returns but the income component. Doesn't and

643
00:33:20,600 --> 00:33:24,040
Speaker 14: THE irs is focused and has been focused on income

644
00:33:24,080 --> 00:33:27,040
Speaker 14: audits for the last fifteen years because they believe that,

645
00:33:27,160 --> 00:33:31,080
Speaker 14: people particularly small, businesses are under reporting their. Income they're

646
00:33:31,120 --> 00:33:34,120
Speaker 14: not concerned about the deductions because most people don't claim deductions.

647
00:33:34,160 --> 00:33:36,959
Speaker 14: Anyway almost eighty percent of the tax returns that are

648
00:33:37,000 --> 00:33:40,719
Speaker 14: filed In america are essentially flat tax returns because all

649
00:33:40,760 --> 00:33:42,959
Speaker 14: they do is claim their income and a standard. Deduction

650
00:33:43,280 --> 00:33:46,080
Speaker 14: that's a flat tax, return and yet those returns get

651
00:33:46,160 --> 00:33:48,840
Speaker 14: audited because THE iris believes that people are hiding their.

652
00:33:48,880 --> 00:33:51,640
Speaker 14: Income the other problem with the flat tax is none

653
00:33:51,680 --> 00:33:56,320
Speaker 14: of the burdens, None none of the burdens.

654
00:33:56,000 --> 00:33:56,960
Speaker 1: That bits fired.

655
00:33:57,040 --> 00:33:59,000
Speaker 5: Up none of the burdens.

656
00:33:58,600 --> 00:34:02,800
Speaker 14: That businesses bear with respect to tax implients go. Away

657
00:34:03,120 --> 00:34:05,200
Speaker 14: they still have to do the, Withholding they still have

658
00:34:05,280 --> 00:34:07,640
Speaker 14: to do THE w, two's the ten ninety, nine's they

659
00:34:07,840 --> 00:34:11,000
Speaker 14: still have to do five tax returns a, year four

660
00:34:11,120 --> 00:34:12,360
Speaker 14: nine forty one and a nine to.

661
00:34:12,440 --> 00:34:14,160
Speaker 5: Forty they still have to make the.

662
00:34:14,200 --> 00:34:17,320
Speaker 14: Deposits none of that problem is solved with a flat.

663
00:34:17,360 --> 00:34:18,960
Speaker 5: Tax the answer is not a flat.

664
00:34:19,000 --> 00:34:21,920
Speaker 14: Tax the answer is to abolish the income tax entirely

665
00:34:22,200 --> 00:34:23,920
Speaker 14: and adopt a national retail sales.

666
00:34:23,920 --> 00:34:26,640
Speaker 2: Tax it seems like the last time we were having

667
00:34:26,840 --> 00:34:30,960
Speaker 2: any sort of comprehensive discussion on the national level regarding

668
00:34:31,440 --> 00:34:33,919
Speaker 2: a wholesale change in the tax. CODE i go back

669
00:34:33,960 --> 00:34:36,919
Speaker 2: into on two thousand and, eight two thousand and nine

670
00:34:37,000 --> 00:34:37,759
Speaker 2: and the fair.

671
00:34:37,840 --> 00:34:40,360
Speaker 14: Tax, yeah, Yeah and the fact of the matter, Is,

672
00:34:40,400 --> 00:34:43,400
Speaker 14: john the fair tax idea grew out of my Book

673
00:34:43,440 --> 00:34:45,520
Speaker 14: how To fire The, irs which was published.

674
00:34:45,120 --> 00:34:45,920
Speaker 5: In nineteen ninety.

675
00:34:45,920 --> 00:34:49,279
Speaker 14: Three the fair tax was first proposed To congress in

676
00:34:49,360 --> 00:34:53,400
Speaker 14: nineteen ninety. Nine, Right, so during the during the decade

677
00:34:53,400 --> 00:34:56,120
Speaker 14: of the, nineties that mid those middle years from about

678
00:34:56,440 --> 00:34:59,319
Speaker 14: ninety four to ninety seven ninety, eight about the time

679
00:34:59,320 --> 00:35:02,320
Speaker 14: THE iris Retre Ructuring act was, best we were debating

680
00:35:02,560 --> 00:35:06,080
Speaker 14: the flat tax sales tax issue across the. Country you

681
00:35:06,160 --> 00:35:10,400
Speaker 14: Remember Dick, army who was who was The republican majority

682
00:35:10,440 --> 00:35:14,000
Speaker 14: whip From. Texas he was a, congressman sharp. Guy he

683
00:35:14,120 --> 00:35:16,960
Speaker 14: was proposing a flat tax along With Steve. FORBES i

684
00:35:17,120 --> 00:35:20,160
Speaker 14: was proposing the retail sales tax along With Steve, moore

685
00:35:20,200 --> 00:35:22,240
Speaker 14: who at the time was the director Of Fiscal Policy

686
00:35:22,280 --> 00:35:23,080
Speaker 14: studies at The Cato.

687
00:35:23,120 --> 00:35:25,200
Speaker 5: Institute we were debating.

688
00:35:24,719 --> 00:35:27,640
Speaker 14: This issue all across the, country including In, washington and

689
00:35:27,680 --> 00:35:29,880
Speaker 14: it was going. On we developed a lot of steam

690
00:35:29,960 --> 00:35:33,280
Speaker 14: toward the idea of abolishing the income. Tax and that's

691
00:35:33,320 --> 00:35:36,520
Speaker 14: when the Fair Tax Fair tax. Surfaced it was in

692
00:35:36,520 --> 00:35:39,600
Speaker 14: about nineteen ninety. Nine it was first introduced Into, congress

693
00:35:39,680 --> 00:35:41,520
Speaker 14: and it went in about two or three, times and

694
00:35:41,560 --> 00:35:43,520
Speaker 14: then they stopped for a, while and then as you,

695
00:35:43,600 --> 00:35:46,560
Speaker 14: say in seven, eight, yeah they started it up.

696
00:35:46,600 --> 00:35:48,600
Speaker 5: Again and that's again where we're.

697
00:35:48,600 --> 00:35:50,960
Speaker 2: AT i still have the book sitting actually sitting on

698
00:35:51,000 --> 00:35:53,520
Speaker 2: my shelf right next to your, fire THE irs, Book Dan.

699
00:35:53,560 --> 00:35:56,359
Speaker 2: Pillow so let's do this really quick in the time

700
00:35:56,360 --> 00:35:58,920
Speaker 2: that we, had let me get to some of these

701
00:35:59,040 --> 00:36:01,720
Speaker 2: changes here, briefly and, then, well we have some questions

702
00:36:01,719 --> 00:36:03,760
Speaker 2: that have rolled in from the ihearta radio.

703
00:36:03,800 --> 00:36:04,840
Speaker 1: App first, off.

704
00:36:05,040 --> 00:36:07,840
Speaker 2: THE irs announced last Week americans are going to be

705
00:36:07,880 --> 00:36:11,880
Speaker 2: seeing modest increases in the standard deductions and tax bracket

706
00:36:11,920 --> 00:36:15,200
Speaker 2: thresholds for twenty twenty six as part of the agency's

707
00:36:15,200 --> 00:36:18,400
Speaker 2: the annual inflation. ADJUSTMENTS i won't go through all the

708
00:36:18,400 --> 00:36:22,160
Speaker 2: individual adjustments being made. Here is there anything of significance

709
00:36:22,200 --> 00:36:23,799
Speaker 2: that you want to mention to this change in the tax?

710
00:36:23,800 --> 00:36:26,080
Speaker 14: Brackets, well as far as the brackets are, Concerned, john

711
00:36:26,160 --> 00:36:29,319
Speaker 14: this happens every single. Year the tax practice are indexed for.

712
00:36:29,360 --> 00:36:32,000
Speaker 14: Inflation they have been for quite a while twenty five

713
00:36:32,080 --> 00:36:34,920
Speaker 14: years or, so and so every single year THE irs

714
00:36:34,920 --> 00:36:35,520
Speaker 14: announces the.

715
00:36:35,560 --> 00:36:36,600
Speaker 5: Adjustment, so just to.

716
00:36:36,520 --> 00:36:39,800
Speaker 14: Throw one number out there for married finally jointly tax,

717
00:36:39,840 --> 00:36:43,279
Speaker 14: returns your standard deduction for twenty twenty six is going

718
00:36:43,320 --> 00:36:46,040
Speaker 14: to be thirty, one five hundred. Dollars and that's one

719
00:36:46,080 --> 00:36:50,040
Speaker 14: of the, Reasons, john why we have so few itemized

720
00:36:50,080 --> 00:36:52,600
Speaker 14: deductions on tax returns, anymore and why we have so

721
00:36:52,719 --> 00:36:57,120
Speaker 14: many so called flat tax returns because the deduction standard

722
00:36:57,200 --> 00:36:59,799
Speaker 14: is so. High you only itemize your deductions if they

723
00:37:00,120 --> 00:37:03,040
Speaker 14: seed that number in twenty twenty six thirty, one five

724
00:37:03,120 --> 00:37:06,200
Speaker 14: hundred and. So and so this this bears on the

725
00:37:06,280 --> 00:37:08,319
Speaker 14: question that we were talking about just about a minute. Ago,

726
00:37:08,520 --> 00:37:11,160
Speaker 14: now we got seven tax brackets between ten percent and

727
00:37:11,200 --> 00:37:13,480
Speaker 14: thirty seven. Percent those have been in the law for

728
00:37:13,560 --> 00:37:16,960
Speaker 14: quite a, while since The Big, sense The Tax cuts

729
00:37:17,000 --> 00:37:20,200
Speaker 14: And Jobs. Act we've had those seven brackets and they're the,

730
00:37:20,280 --> 00:37:23,800
Speaker 14: same but the income amounts in each of the brackets

731
00:37:23,800 --> 00:37:25,400
Speaker 14: now has gone. Up, so in other, words you've got

732
00:37:25,440 --> 00:37:27,839
Speaker 14: to earn more money before you go into the next.

733
00:37:27,840 --> 00:37:29,600
Speaker 1: Bracket, now what about.

734
00:37:29,680 --> 00:37:33,640
Speaker 2: This THE irs issued a new regulation last month to

735
00:37:33,719 --> 00:37:37,160
Speaker 2: implement a provision of a twenty twenty two law known

736
00:37:37,200 --> 00:37:40,080
Speaker 2: as The secure two point Zero, act which requires that

737
00:37:40,239 --> 00:37:43,200
Speaker 2: high earners who earned one hundred and forty five thousand

738
00:37:43,200 --> 00:37:47,200
Speaker 2: dollars or more in gross income as an individual the

739
00:37:47,360 --> 00:37:51,920
Speaker 2: prior year make four h one k catchup contributions to

740
00:37:52,680 --> 00:37:56,160
Speaker 2: after TAX roth accounts starting with the twenty twenty sixty.

741
00:37:56,200 --> 00:37:57,719
Speaker 2: YEAR i know it's a little, wonky but this is

742
00:37:58,000 --> 00:38:00,000
Speaker 2: kind of a popular four h one tax. Break that's

743
00:38:00,000 --> 00:38:00,279
Speaker 2: getting a.

744
00:38:00,360 --> 00:38:02,919
Speaker 5: Rule, well it is one, key but let me sort

745
00:38:02,960 --> 00:38:03,359
Speaker 5: it out for.

746
00:38:03,400 --> 00:38:06,799
Speaker 14: You prior to The Secure, act anybody could make a

747
00:38:06,840 --> 00:38:08,560
Speaker 14: contribution to a four to oh ONE k or AN

748
00:38:08,600 --> 00:38:11,480
Speaker 14: ira and when you make a con and there always

749
00:38:11,520 --> 00:38:13,839
Speaker 14: have been income ceilings on that, right if you earn

750
00:38:14,120 --> 00:38:16,920
Speaker 14: more THAN x, dollars you can't make a deductible contribution

751
00:38:16,960 --> 00:38:18,759
Speaker 14: to one of these. Plans this is one of the

752
00:38:18,800 --> 00:38:22,719
Speaker 14: reasons Why, john it's complete nonsense for the leftists to

753
00:38:22,800 --> 00:38:26,200
Speaker 14: say that rich people pay no. Taxes every single deduction

754
00:38:26,360 --> 00:38:29,239
Speaker 14: provision of The Internal Revenue, code every single one of,

755
00:38:29,280 --> 00:38:32,160
Speaker 14: them is cap based on income. Ceilings so if you

756
00:38:32,200 --> 00:38:34,239
Speaker 14: earn more THAN, x you don't get the benefit of the.

757
00:38:34,320 --> 00:38:35,840
Speaker 5: Law, well here's an example of.

758
00:38:35,840 --> 00:38:38,080
Speaker 14: That, Right so if you make a contribution to AN

759
00:38:38,080 --> 00:38:40,040
Speaker 14: ira or a four to ONE, k and you're a

760
00:38:40,080 --> 00:38:43,160
Speaker 14: middle income. Person you make that, contribution you get to

761
00:38:43,280 --> 00:38:46,239
Speaker 14: write off the. Contribution you get a deduction for the

762
00:38:46,280 --> 00:38:48,719
Speaker 14: amount of the contribution up to a certain amount in

763
00:38:48,800 --> 00:38:51,279
Speaker 14: the year you give the. Money that's an ordinary that's

764
00:38:51,320 --> 00:38:54,040
Speaker 14: a contribution to an ORDINARY ira or four to ONE.

765
00:38:54,080 --> 00:38:56,280
Speaker 14: K when you take the money out of the, plan

766
00:38:56,640 --> 00:38:59,560
Speaker 14: that's when you pay taxes on. IT A ROTH ira

767
00:38:59,719 --> 00:39:01,640
Speaker 14: is a little bit different in that when you make the,

768
00:39:01,640 --> 00:39:04,680
Speaker 14: contribution you don't get a deduction in the year the

769
00:39:04,719 --> 00:39:07,000
Speaker 14: contribution is. Made but on the other, hand when you

770
00:39:07,000 --> 00:39:08,719
Speaker 14: take the money, out as long as it's sat there

771
00:39:08,760 --> 00:39:10,680
Speaker 14: for five, years you don't have to pay tax on.

772
00:39:10,719 --> 00:39:13,759
Speaker 14: It so what The Secure act Did, john is it, said,

773
00:39:13,920 --> 00:39:17,759
Speaker 14: okay you can make these contributions to a to a retirement,

774
00:39:17,800 --> 00:39:20,359
Speaker 14: plan but it's got to be a roth. Plan in other,

775
00:39:20,400 --> 00:39:23,640
Speaker 14: words you can't claim the deduction in the year that

776
00:39:23,680 --> 00:39:26,600
Speaker 14: you make the, contribution but when you take the money

777
00:39:26,600 --> 00:39:28,799
Speaker 14: back out on the other, end after five years of sitting,

778
00:39:28,800 --> 00:39:30,400
Speaker 14: there you don't have to pay tax on. It so

779
00:39:30,520 --> 00:39:32,320
Speaker 14: what it is a way for the for the government

780
00:39:32,360 --> 00:39:36,000
Speaker 14: to kick the tax liability down the. Road let me rephrase,

781
00:39:36,040 --> 00:39:39,200
Speaker 14: that because it's not. Accurate it's it's more accurately a

782
00:39:39,239 --> 00:39:41,960
Speaker 14: way for the federal government to collect money now and

783
00:39:42,040 --> 00:39:44,440
Speaker 14: not have to worry about and and not and not

784
00:39:44,560 --> 00:39:45,640
Speaker 14: worry about the long term.

785
00:39:45,680 --> 00:39:46,640
Speaker 5: Consequence is that.

786
00:39:46,560 --> 00:39:50,200
Speaker 2: Fair to specify in that way or is it just

787
00:39:50,400 --> 00:39:52,200
Speaker 2: like you said, before sort of needling around the.

788
00:39:52,280 --> 00:39:54,840
Speaker 5: Edges that's exactly what it. Is it's needling around the.

789
00:39:54,920 --> 00:39:58,000
Speaker 14: Edges and it's one more way that they use tax

790
00:39:58,040 --> 00:39:59,560
Speaker 14: policy to squeeze high income.

791
00:39:59,600 --> 00:40:01,239
Speaker 5: People all, right here's what we're gonna.

792
00:40:01,280 --> 00:40:03,319
Speaker 2: Do we're gonna take a quick, break and then we've

793
00:40:03,320 --> 00:40:04,799
Speaker 2: got a bunch of questions that have rolled in WHICH

794
00:40:04,800 --> 00:40:08,040
Speaker 2: i figure was gonna. Happen Dan, pillar our tax, guru

795
00:40:08,200 --> 00:40:09,200
Speaker 2: joins us in a.

796
00:40:09,239 --> 00:40:11,440
Speaker 1: Studio tax Help. Online correct is the website for?

797
00:40:11,440 --> 00:40:13,160
Speaker 5: You that's, correct tax help online dot.

798
00:40:13,200 --> 00:40:15,640
Speaker 2: Com all, right we'll get you your to your questions For.

799
00:40:15,719 --> 00:40:18,560
Speaker 2: Dan coming up next here On Twin City's News. Talk

800
00:40:18,640 --> 00:40:22,920
Speaker 2: also in the upcoming, Hour walls is finally laying out

801
00:40:23,000 --> 00:40:26,960
Speaker 2: the details of his town halls to replace the special.

802
00:40:27,040 --> 00:40:30,200
Speaker 2: Session there's some interesting notes to. This we'll get to.

803
00:40:30,239 --> 00:40:31,759
Speaker 2: It you don't want to miss. It but more with

804
00:40:31,880 --> 00:40:34,560
Speaker 2: our tax. Guru next here On Twin Cities News Talk

805
00:40:34,600 --> 00:40:37,120
Speaker 2: am eleven thirty and one oh three FIVE fm