A trillion annual on IRS operating and enforcement expenses alone.
"A trillion annual on IRS operating and enforcement expenses alone."
Hey, it's only money.... we can print more, right?
/sarcasm off.
see my tagline
Amazing, 1/2 of all current federal tax revenues go to the IRS. I never knew....
UHHHH the IRS, evil as it is doesn't have a budget of $1T for operating and enforcement.
While some compliance cost (estimated at ~600B for the whole economy) will be reduced there will still be substantial compliance cost for the businesses that collect the Sales Taxes, given the level of the tax (29% inculsive for federal tax+ state sales taxes), there will be a lot of enforcement cost to deal with fraud. In the long run while potentially better than a flat tax, and better than the current mess. There is no such thing as a free lunch, and the HR25 folks are overselling the potential benefits of their bill and ignoring all potential problems.
link please on that trillion per year(?)
Are you SURE it's a Trillion?????? That seems like 1/3 to half the budget......