TAX CODE METASTASIZING
Number of pages in the Congressional Clearing House Standard Federal Tax Reporter longer than the U.S. Constitution. It is four times longer and more complicated than it was in 1970. This benefits no one but the tax accountants, lawyers and lobbyists who feed off the complexity of the tax code.
The tax code should be easily understandable to taxpayers. It is not. It reads as if it were written in Greek and in legalese that only a tax lawyer could understand. If Mr. Trump wants to drain the swamp, the clean-up must start with the tax code.
Is there any agency in America scarier or more abusive than the IRS? The government can garnish your wages and take money from your bank account without due process of law. It can invade your home or office.
We saw under President Barack Obama how the IRS engages in political witch hunts against conservative activists and organizations it
The tax code is crammed with tax write-offs that overwhelmingly benefit the super rich. Only one of three Americans even take advantage of these special interest tax provisions by itemizing their deductions and under the Trump plan (which doubles the standard deduction) that will fall to closer to less than one in 10 tax filers. But 99 percent of millionaires feast on deductions and loopholes.
Why can’t we shut down this rigged system? Because of the politically-connected and the K Street lobbies and lawyers who spend millions of dollars to keep their tax shelters in place.
By the way, George Soros just stashed $18 billion into the biggest tax shelter in American history. This is money that will never be taxed. Typical liberal: he wants everyone to pay more taxes — except himself.
4) The IRS is America’s KGB
Stephen Moore is a senior fellow at The Heritage Foundation and an economic adviser with Freedom Works. This piece is a brief summary of a report available at Freedomworks.org.