Posted on 01/09/2023 6:18:48 PM PST by SeekAndFind
The final act of the Democrat majority on the House Ways and Means Committee was to make public several years of Donald Trump’s tax returns, which the Committee obtained after a prolonged legal battle. The tax returns confirmed that, despite being one of the richest people in America, Donald Trump paid very little in federal income tax. In fact, in at least one year he paid under a thousand dollars.
Trump’s success in minimizing his tax liability without ever being audited is surprising only to those who think IRS audits are mainly used to catch rich “tax cheats.” According to data released by the Syracuse University Transactional Records Clearinghouse, in 2022 lower-income taxpayers were five and half times more likely than millionaires and billionaires to be audited! This is because low-income taxpayers cannot afford to hire top-notch tax attorneys and accountants to help fight the IRS, so they are more likely to give in to the agency’s demands.
Despite claims of the Biden Administration and its Congressional allies, the $80 million in additional funds provided to the agency as a part of the misnamed “Inflation Reduction Act” will likely increase the tax agency’s targeting of low- and middle-income Americans.
Proponents of a flat tax or national sales tax argue that such a system would ensure millionaires and billionaires paid their “fair share” of taxes. Saying we must all pay our “fair share” of taxes assumes we have a moral obligation to the government that can only be fulfilled by turning over as much of our income as our so-called “public servants” demand. This is not the case. Individuals have a moral duty to support their families, and to support private charities if they wish. They do not have a moral duty to support the government.
Tax reform proponents also complain that the current tax code contains too many loopholes that cause economic distortions and inefficiencies. It is true that the current tax system promotes inefficiency, but this is caused by the income tax itself, not the loopholes. Conversely, loopholes actually promote economic efficiency by giving taxpayers the ability to spend more of their money the way they prefer, rather than allowing politicians to spend it. As economist Thomas DiLorenzo put it, “private individuals always spend their own money more efficiently than government bureaucrats do.”
Some have expressed concerns that the use of President Trump’s tax records as part of the Democrat and Deep State effort to discredit him sets a dangerous precedent that will lead to increased use of tax information as a political weapon. The sad fact is that ever since its creation, politicians have used the IRS as a tool for punishing political opponents. As an IRS agent told the head of conservative organization who was being audited after calling for the impeachment of then-President Bill Clinton, “What do you expect when you target the President?”
The major problem with the income tax, and the reason it must be eliminated, not merely “reformed,” is that it is rooted in the idea that the government has first claim on our income. This idea is incompatible with a free society. Furthermore, the income tax must also be repealed because the force of the IRS, along with the fraud of the Federal Reserve, is one of the two foundations of the welfare-warfare state that erodes our liberty and prosperity. The only way to avoid 1984 is to repeal 1913.
Regards,
It’s more than anything a matter of the “ownership class” having won advantageous tax structures for real estate ownership and deals.
Congress will no more take up legislation proposed by RON Paul than it will take up legislation proposed by YOU.
Ron Paul...Ron.
OH, shut the ‘Ell up, Ahole!
If the laws/regs are written in such a way that there are legal ways to avoid paying, that is the fault of the Congress for writing the laws.
Whinging on about “evil” is like saying people who drive thru yellow lights need to be lynched. It is not recommended, but still legal. Pull yer ‘ead out.
yeah, just like the precedent set when the FIB raided Mar A Lago...Bidens crooked tax returns should be posted!
And our Social Security number was never to be used for ID purposes...
“morons like Ron Paul” - Huh?
You made a huge leap in logic there, pal.
Payroll taxes are just as much of a problem as income taxes.
And then we have all the entitlement giveaways that grow ever bigger.
Certain layers of the middle class are on the way to extinction. Endangered sub-species, if you will.
Yes he is a moron.
He’s a fraud.
And he’s one of the biggest hypocrites to ever disgrace the halls of Congress and the uniform.
He talks out of both ends, uses slick little talking points to pull the wool over the drooling little sheeple’s eyes. He rails against earmarks and wasteful spending yet loaded up every budget with tens if not hundreds of millions of dollars worth of earmarks only to vote against it so he can thump his chest and crow about how he’s a principled fiscal conservative or some BS like that.
“they promised”
Lol.
Government “promises” are for the gullible.
.Gov just needs to howl “national emergency” and all bets are off...
Never forget.
https://www.scientificamerican.com/article/confirmed-the-us-census-b/
I think the “Ahole” is saying that the tax laws are evil the way they are written not the people who use the laws as written to their advantage.
I’m not totally against Ron Paul, but there times when he becomes a tone
deaf useless tool for the Left.
Here is a real negative slant on Trump for using legal deductions. Lost in
space is the fact that a massive percentage of income taxes are paid by
wealth people in this nation.
We don’t really want to see them paying more either, because it is
far better to have more money in the private sector than burnt off
by the feds.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.