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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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We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
We need help. I don’t want to say “desperately,” but the need is definitely great. If you have the means, please donate through our GivingFuel page, PayPal, or our Substack page. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker