Abolish the irs, another 5 reasons.

Published:

Now is the time for a revolution,  if the irs can't be expected to hold itself to the same standards we are,  THEY HAVE NO AUTHORITY!  These basturds can destroy evidence,  ruin peoples lives and businesses,  take your bank accounts.  This is an outrage!  Lois Lerner should be in jail and the rest of them, flat tax! Flat Tax!

from the AP via Drudge:

http://bigstory.ap.org/article/competing-views-irs-treatment-tea-party

Rant

Entry #733

Comments

Avatar Drenick1 -
#1
I am all in favor of a flat tax. I doubt we would ever see that format in our lifetime as the Government would cry over too many people losing their jobs (IRS employees, Tax accountants/attorneys). There would be no more waste from business expense deductions which is totally abused.
Avatar MADDOG10 -
#2
A recent poll showed 81% favored a flat tax. The IRS has complicated it's own boundaries. I agree with abolishing, and DO favor the Flat Tax route...
Avatar jarasan -
#3
The flat tax would cause an economic phoenix effect, it would be the best that could ever happen, it instantly removes all bias, special interest, crony capitalism, exporting of assets on and on and on. I cannot think of any negatives.
Avatar sully16 -
#4
I agree
Avatar rcbbuckeye -
#5
Right there with ya. Unfortunately, a flat tax won't happen 'cause the a-holes in Washington won't let it happen.
And.....surprise! I'm being audited as we speak over the American Opportunity Credit.
Avatar emilyg -
#6
Agree.
Avatar jarasan -
#7
We have to get the right candidate to run that favors term limits and flat taxes.
Avatar Think -
#8
We are lucky if we get a Reagan style 2 tier tax

9% to $650,000 and 18% over 650,001 (no deductions)

With capital gains holding accounts up to 364 day holding period to re-invest without having to pay short term cap gain taxes for short term sales. If proceeds not reinvested they would be taxable on day 365 . Ditto for LT Cap gains except 5 year holding periods for long term cap gains without LT CAP Gain taxes (interest on accounts would be taxable every year)

Reagan had the 15% and 28%

These work and they are NOT new ideas!
Avatar jarasan -
#9
@Think excellent info!!! TY!

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