Americans desperately want a fairer tax system and relief from arbitrary treatment by the IRS. True reform requires simply junking the personal and corporate incomes in favor of a consumption tax.
House Ways and Means Committee Chairman Dave Camp, R-Mich., estimates tax filing, recordkeeping and the like amounts to $168 billion a year — a terrible waste exceeding 10 percent of the taxes collected. Much of the personal information revealed is a terrible invasion of privacy, and the constant fear the IRS will audit taxpayers for their political activities is outright tyranny.
The tax code is riddled with special interest provisions that favor rich donors to political campaigns, distort business decisions and consumer choices and handicap economic growth and jobs creation
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As long as they get rid of the current tax code - and the IRS...
ReplyDeleteanother tax is ANOTHER TAX!
ReplyDeleteIRS will still be here & tghis is further BS!
NO MORE TAXES. Replace the current tax code for a flat tax.
ReplyDeleteA Value-Added Tax Would Help The Economy Grow.
ReplyDeleteWhat a complete nonsense statement.
Tax, any tax hurts the economy. The more the tax the greater the damage to the economy.
The author of that article must live in bizaro world
I agree, but the transition would be overwhelming. However, we could just print more money to fix it.
ReplyDelete