April 15, 2014
How to Control the IRS
Americans despise and fear the Internal Revenue Service. The IRS has been discriminating against, and has even persecuted, conservative groups. The IRS will soon be policing ObamaCare compliance with thousands of new agents.The IRS is no longer just a collection agency. The IRS even has its own SWAT teams. Something needs to be done about the IRS.
The way to get control over the IRS is through tax reform. Several tax reform plans, such as the one from the Bowles-Simpson commission, have proposed the same thing: ridding the Tax Code of its exceptions. Exceptions are the exemptions, deductions, credits, write-offs, loopholes, and gimmicks that allow taxpayers to pay less than their tax rates would indicate.
These plans are headed in the right direction, but they don’t go far enough. What they should recommend is the complete elimination of all exceptions. That would allow for the lowest rates possible that would still bring in the same revenue. Eliminating all exceptions...(Read Full Article)




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