The income tax is absolutely crazy if one takes a moment to think about it. We’ve become so conditioned to accept it that we don’t even realize how ridiculous it is. The government taxes one for being productive, for creating income for one’s family, for doing one’s part to grow the economy. It doesn’t make any sense.
But there is a vast government infrastructure which depends on your money. There is also a political constituency which believes that it is the government’s duty to take income from some in the name of “social justice.” That this money happens to flow back to many of the people calling for “social justice” is a coincidence of course.
Much of it also flows to large corporations and unions as we document daily.
In addition, the IRS has also become a political tool as the Lois Lerner debacle illustrated. The Department of Justice stymied the investigation of the agency and Ms. Lerner at every turn. Now Ms. Lerner has officially gotten off the hook and gets to live the rest of her life comfortably on a generous pension paid for by taxpayers.
We should seriously consider a flat tax. Forget consider, we should institute a low flat tax tomorrow. 12.5% across the board. I could live with that (for right now). 1 postcard on April 15th. No forms. Easy. Actually EZ.
The economy would blossom and we would take a big step toward reinstating the country we are supposed to be.
(From The National Interest)
The reason they can’t obliterate it, writes Norquist, is that the American people are on to the ominous consequences of inexorable governmental expansion and fiscal incontinence. Currently, U.S. governmental spending—federal, state and local—amounts to 34 percent of the national economy, while taxes consume about 30 percent of annual GDP. And what’s going to happen to tax rates and the governmental share of GDP, he asks, when it comes time to pay down the $17 trillion in federal debt (nearly $8 trillion of it added on Obama’s watch) or the $123 trillion in “unfunded liabilities” accumulated through years of irresponsible government spending?
…But Norquist notes the pressure emanating from Congress—particularly the offices of Democratic senators Charles Schumer of New York and Carl Levin of Michigan—for the IRS to do something about the Tea Party groups’ 501C(4) tax status. He summarizes the evidence uncovered by some media outlets and congressional investigators. And he quotes Lerner telling a friendly group at Duke University that she was under pressure to “do something” in the wake of the Citizens United Supreme Court decision. “Everyone is up in arms because they don’t like it,” said the IRS official. “The Federal Election Commission can’t do anything about it. They want the IRS to fix the problem. The IRS laws are not set up to fix the problem….So everyone is screaming at us right now: Fix it now before the election.”
That appears to be what she did.