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The U.S. tax code is gargantuan and convoluted beyond all human comprehension. According to the Tax Foundation , if you count the actual tax laws, you end up with over 2,600 pages. But if you add the IRS regulations and clarifications, you get another roughly 9,000 pages. Finally, if you then add tax case law, you get 70,000 more pages.
Considering such vast complexity, it doesn’t really matter what basic tax rates are. There is a widespread and legitimate feeling that people who can afford shrewd attorneys will always find loopholes, and therefore nothing much will change. This alone does not engender among the populace any sense that our tax code is just and equitable.
And now the Biden administration wants to require all banks to report financial information to the IRS on any customer whose total account inflow and/or outflow exceeds $600 in a year. Perhaps a few childhood lemonade stands would be exempt from such invasive IRS snooping, but that’s about all.
Meanwhile, Lil’ Sandy wants to “Tax the Rich,” as long as it doesn’t impact her and her friends and their ability to attend $35,000 galas wearing gowns created by a rich designer who is herself a tax delinquent. You just can’t make this stuff up!
And, oddly enough, the truly, breathtakingly rich tend to support and vote for such liberals. They know there will be sufficient loopholes created such that their wallets won’t be damaged much at all. It’s empty virtue signaling on their part and nothing else.
Well, it seems to me there’s a ready solution to the whole mess — both to the issue of citizen distrust in, and suspicion of, the tax system, as well as constant government probing based on the assumption that we citizens are not sacrificing enough of our hard-earned money. The solution? A simple flat tax.
Under such a program, every individual simply pays “X” percent of net income, regardless of how rich or poor the individual is. This would include immigrants who earn money in our country. If you want to reduce the percentage rate for those Americans who truly live under the […]
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Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our Giving Fuel. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
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I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
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