Monday, June 02, 2008

Why no reform?

So here is a matter that has been bugging me for a while. Why have there not been any significant advances in the area of tax reform implemented? The public knows we need tax reform and want tax reform. The government knows we need tax reform; they've been talking about it for years and years. Corporate America knows we need tax reform. So why hasn't there been any decent tax reform? Why hasn't the IRS been abolished? Why hasn't the 16 Amendment been turned over? Why haven't we gone to a simpler system such as a national sales tax or the FairTax?

Well, I have come up with a theory. I think the reason the government has not made any improvement in the tax system because they are afraid that they will put the thousands upon thousands of accountants and IRS agents out of work.

Any thoughts?

7 comments:

  1. The real reason simply put is POWER. The income tax provides the congress with the power to manipulate the tax code for personal gain through favors they write into the tax code, 67,000 page and counting. The FairTax transfers that power to the people.

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  2. Check out www.apttax.com for a really unique concept that benefits the average Joe and appeals to both sides of the political spectrum.

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  4. Good idea in theory william but again the government would be hesitant to institute such a program because it would still cost the jobs of thousands of IRS agents and tax accounts, tax lawyers, etc....

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  5. Otter,

    The car replaced the buggy, the 8 track tape replaced the record, the cassette replaced the 8 track, the cd replaced the cassette. Things always got better. With the passage of the FairTax many IRS workers would be transferred to the Social Security Department to handle the Prebate checks. Others would remain to audit businesses under the FairTax. Lawyers will always find work if they're worthy of it. H.& R. block has already reported that they make more money in investment consulting then they do in tax preparation. I personally know many CPA's who support the FairTax.

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  6. Really? I'm amazed that any private accounts would support a system like that.

    Personally, I am all for a system like that. I just don't think the government would allow it to happen because they are afraid of the repercussions to the employment market. Just a theory mind you.

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  7. I am quitely well informed on economics matters and in close touch with Dr. Feige the author of APT tax. I have debated this with Fair Taxers and many other diverse individuals over the last two years. No majors flaws in this gigantic concept.

    To put it briefly, since people are more familiar way the Fair and Flat plans dating back to the 1980's, APT achieves all the advantages of Fair and Flat with many additional of it's own while giving everyone a signficant tax cut. How can that be -- well it's like paying the rent on an apartment by yourself and suddenly getting a million roomates to share the expense, ie. the tax base is expanded to the max.

    Thanks for checking the site.

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