This analysis is correct as long as the President is beholding to the political special interest groups. There is one candidate running for President who is beholding only to the citizens and that candidate is Donald J. Trump.
Too many hands in the pot........................
I wonder what this socialist thinks about fairly taxing EBT in general, SNAP, WICs, AFDC, TANF, Section 8 or EITC entitlements.
The reason the tax system will never be reformed is elites can afford to hire CPA’s to do their taxes.
If outside ‘help’ was outlawed these corrupt blowhard elites would have the system reformed before April 15 of next year...
Repeal 501(c). Repeal the concept of “non-profit”. Most of them are money stashes for the Left.
Make the endowments of Harvard and the rest taxable. Likewise remove the tax-exempt status of the Rockefeller Foundation, the Bill and Melinda Gates Foundation, and all the rest of the Left-funding “foundations”.
Been twice through the Mediterranean countries and parts of Northern Africa. Your $60 shoes at our stores are 500% more costly throughout places like Italy, Spain and so forth.
I bring this up on this tax reform thread because I see this where the USA is going with our socialists.
No matter what we reform things go like cancer with taxes unless you do the two basic things.
#1. Shrink the size of government.
#2. Deny people access to the Treasury for all but a brief time unless elderly or massively disabled.
I read another article about half of American households paying no taxes which is a problem.
Who can say they are out of work for years unless....
They are on drugs.
They are lazy.
They are unwilling to look for a lesser paying job when their prior job stopped or the profession went belly up.
Stop the benefits and behavior will change. Then you get more tax payers.
It is important to know that there were three major reasons the modern tax code was adopted, none of which had anything to do with the real reason for putting the modern tax system in place (redistribution):
1) the system was touted for its simplicity. The original 1913 form was one page.
2) the rates were low, and for the large majority of Americans, non-existent. Rates started at $20,000, which was a ton of money in 1913. Most Americans didn’t make that much. Moreover, the rates went through six brackets from 1/2% at the lowest rate to the top rate of 6%.
3) Congress was having trouble keeping up with the constant tariff revisions that were becoming a full-time job for congress (like patronage was in the 1880s).
Any system that replaces the current one has to deal with the first two issues.
Even if it is only a few dollars out of their wages or government handout.
It's like Dopey Opie Obama said - everyone should have some skin in the game.
(although this isn't what he meant)
Even if it is only a few dollars worth of skin.
The 45% who pay no taxes at all might think differently about government handouts and other spending if they knew some of it was coming out of their pockets.
"This Week" on ABC
Jan 11, 2009
BARACK OBAMA: What we have to do is to take a look at our structural deficit, how are we paying for government, what are we getting for it, and how do we make the system more efficient?
STEPHANOPOULOS: And eventually sacrifice from everyone.
BARACK OBAMA: Everybody is going to have to give. Everybody is going to have to have some skin in the game.
A complex tax code is precisely what the tax lawyers want. They benefit from the code and they made the laws. Everyone should be paying a share and all able bodied should be forced to work for their handouts.
Most taxpayers I know pay about 50% of their income in taxes. It is criminal to suggest they pay more, but hey, that’s what happens when the federal empire is in place to enrich the lawyers and rat politicians.
This guy sounds like a jackass who wouldn’t be happy until we are all wearing rags and living in grass huts.
You’re going to tax me if my employer pays for my health care, but if my employer doesn’t pay for my health care, I’ve got to pay a penalty instead? Not bloody likely!
The five “loopholes” he lists would target the middle class working people, just like taxes always do.
The loss of the mortgage interest deduction will price too many people out of being able to afford a home; state and local taxes amount to multiple taxation of the same dollars; charities will lose out on billions that will no longer be given. SS has always been a Democrat Ponzi swindle. They use your money for 30-50 years and then want to tax YOU for the privilege of getting some of it back (hoping you will die sooner rather than later).
Such a deal!
By increasing taxes on the middle and lower classes. The average person takes advantage of charitable donations, mortgage deductions, state and local income tax deductions. Remove those deductions and start taxing them on employer-subsidized health care and their taxes will go up. So how well do you think a campaign based on a promise to raise taxes for most Americans would do?
A President Trump could simply disband the IRS as his first act of office, citing Obama precedent for law non-enforcement.
Then, let the DC beltway leeches scramble to come up with a better tax structure, and get it passed by Congress, by the end of the next quarter.
Repeal the 16th Amendment and the Income Tax is a moot point meaning we’d have to go back to what the Founding Fathers intended, a limited role for the Federal government.
This doofus Donaldson and his supporters obviously have enough disposable income not to have to agonize about finding something new to cut in order to deal with necessities.
Millions of 45-year plus workers have contributed to Social Security and watch the hundreds of welfare programs get "cost of living" increases, but necessities including health care expenses are not part of the COLA calculations.
Middle class workers (net taxpayers) have organized their lives around decades long conditions to deal with property taxes, charitable donations and, to add insult to injury, they now can look forward to a******s deciding it's "reasonable" to pay taxes again on Social Security and health care "income."
Meanwhile the parasite indolent look forward to getting "income tax refunds" on income taxes not paid!
Not gonna happen!