The
tax code wastes over $300 billion each year.
American taxpayers and businesses spend more to protect themselves from
the IRS than they do for national defense.
It
corrupts the political process. There is one lobbyist for every 17
words in the tax code. These people earn up to $500,000 per year.
At that rate those who pay their salaries spend over $500 per word
per week to influence the tax code. Is it any wonder that our tax
laws are so complex that only lobbyist can understand them.
It
over-taxes taxpayers who can't afford to lobby. When Congress gives
tax breaks only to those who can afford to lobby for them, it raises
taxes on everyone else. It is important to realize that every deduction,
every exemption, and every tax credit raises taxes rates for all.
1.
It Is Perceived as unfair: It is not uncommon for Two Taxpayer
who earn the same income to pay widely different amounts of tax.
2.
It over-taxes investments : By not taking into account the
loss in the principal due to inflation, when taxing investment income,
the IRS is taxing Seniors and others at nearly twice the legal rate.
3.
It over-taxes individual taxpayers by up to 25
percent. When It gives sweetheart deals to Business and labor
which allows them to exempt from taxation unreasonable benefits to
their management and employees it raises the level of taxes for everyone
else by up to 25 percent.
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