Free Republic
Browse · Search
Topics · Post Article

To: rodguy911
Gutting the EPA is one thing.

But what we REALLY need to gut is the Internal Revenue Service and the income tax code based on Title 26, the Internal Revenue code. Like I said before, look at what is wrong with our income tax code:

1. 30,000 tax lobbyists--HALF the lobbyists in Washington, DC--fighting for every scrap of a tax loophole. And you get political corruption on a huge scale over this.
2. The result is a tax code over 70,000 pages long so complex that it makes James Joyce's Finnegans Wake almost easy to read in comparison. Even the IRS can't figure out much of the tax code!
3. The sheer complexity means exorbitant yearly compliance costs, estimated by some economists to soon approach US$500 BILLION per year (and climbing fast in each subsequent year, especially with the imposition of Obamacare mandates through the tax code).
4. It also encourages the outsourcing of millions of jobs, thousands of factories, and hundreds of corporate headquarters for tax avoidance reasons. Care to explain why Apple manufactures its products in China, and why Google has to used that highly-complex and expensive Double Irish with Dutch Sandwich accounting scheme to lower its tax bill?
5. It results in (by some estimates) around US$15 TRILLION in American-owned liquid assets sitting in offshore financial centers and other foreign banks for tax avoidance reasons (care to explain all those "banks" in the Cayman Islands, Bahamas, British Virgin Islands, and so on? Or why Apple has 70% of its US$100+ billion liquid asset reserve outside the USA?).
6. Government uses the tax code as a political instrument to favor or punish political constituencies as little as ONE taxpaying entity. The recent scandal using the IRS to target conservative 501(c)(3) and 501(c)(4) groups is clear proof of this.
7. Because the IRS needs to know intimate details of personal and business financial records in tax return filings, there are potentially serious issues with invasion of privacy. Care to explain why former Presidential candidate Mitt Romney's private tax returns ended up in the offices of Senator Harry Reid (D-NV)?
8. The IRS assumes you're guilty of tax evasion, and you end up having less rights than most common criminals!

Now you know the reason for my tagline.

25 posted on 05/25/2014 5:43:24 AM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 8 | View Replies ]

To: RayChuang88

Absolutely! In a world of best cases we could take over both Houses maybe the presidency and then just reinvent government at about half the current size its at now or even less.

49 posted on 05/25/2014 6:55:43 AM PDT by rodguy911 (FreeRepublic:Land of the Free because of the Brave--Sarah Palin our secret weapon)
[ Post Reply | Private Reply | To 25 | View Replies ]

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson