I thought the correct internet wording was "one weird trick".
One of the dirty little secrets is that IRS employees are the worst about not paying their taxes. They should clean up their own mess.
Dang. Some of us are still looking for the ‘one simple trick that eliminates belly fat”
Benefit 2: U.S. citizens will have more money in a faster-growing economy ...
...
The Federal Reserve won’t allow the economy to grow any faster.
The day after a simpler tax code is passed into law, the lobbyists and politicians would be working on getting deductions and special treatment put back into the tax code.
FLAT TAX
This is why I support at minimum the flat tax Steve Forbes proposed in 1996, or go even further and replace the income tax with the FairTax national consumption tax.
What a shame! all that money simply wasted on those that earned it when it would have been put to such good use if it had simply been earned and sent to the federal government. How about we go to a flat tax and get rid of the IRS.
I thought the correct internet wording was "one weird trick".
How about we get rid of it all and institute a National Sales Tax/Consumption tax and see how that plays out?
Then there’d be no need for any of that ridiculous paperwork and pretty much everyone is paying.
No, the real problem is that no matter how much money the government collects, it spends that and more. Until a miracle is found that will stop the spending, it won’t matter how much tax money is collected.
10 percent was good enough for God. It should be more than good enough for the federal state.
There are a lot of self-employed people who don’t report their income and thus pay no taxes.
Eliminating refundable tax credits is probably a good way to go.
Eliminating cash is probably another. Sweden is phasing out cash.
There was an Income Tax (except for the Yankee tax Abe Lincoln imposed on the North) for the first 140+ years of the Republic. This was the era of largest growth, scientific advancement and medical science advancement.
Cut the government in half, reduce Congress pay(salary, benefits, staff, retirement, etc.) and eliminate the income tax.
In a sane world tariffs should eventually replace most of the income tax.
And to make the dramatic reduction of the deficit permanent, patriots need to do the following.
Patriots need to support PDJT in leading the states to repeal the 16th and ill-conceived 17th Amendments.
Remember in November 2020!
MAGA!
But liberals would also see one of their political priorities move forward – reducing the opportunity for the wealthy and well-connected to get special tax benefits.
Liberals want the former much more than the latter. So do conservatives, in fact.
Greater tax compliance and more revenue will simply result in more wasteful spending.
Oklahoma just won something like an otherwise paltry $65 millon settlement over peddling of opiates. It was announced breathlessly on the news last night as if it was a massive windfall. My wife asked what they would do with “all” that money. Answer, piss it away just like they do most gubment revenue. Same for “all” the lottery revenue and casino revenue. Why don’t they have a state rummage sale they might raise a few bucks from that? We could all make donations and set up along the interstates to fleece travelers.
I’d wager much of the “lost tax revenue” considered is in little bity things like sales tax exemption claims. When gubments start grappling and grabbing for more of their “lost” revenue the tax boffins get very creative in conjuring up the tax crooks.
The problem is not tax revenue. The problem is that too much money is being taken from those who earn it and given to those who don’t. We are running out of other people’s money to make political bribes and buy votes to fleece the earners. Everybody knows this but the truth of it is too unsettling to face.