I read today that President Biden wants to give an extra $80 billion to the IRS to crack down on tax evasion. If the Treasury Department is a viable source of information the total IRS budget is $12.039 billion.
My first take on all the above is, “what the heck?” The entire department has a budget of $12 billion and someone wants to give them $80 billion more. Only in America would this even be considered.
Anyway, my point is not specifically about all that craziness but I have a cost savings plan that many have advocated in the past. Let’s approve a flat tax of X to every person who makes more than Y income in any fiscal or calendar year. No deductions. No write-offs. No excuses. Just pay the percentage due based on wages earned.
All of this fits on an index card with no fancy software required to complete your filing. This applies to all working individuals (even members of Congress and The President), all businesses, companies, agencies, entertainers, athletes, lawyers, yard mowers, and hot dog sales people.
I know the flat tax will not be considered by Congress or supported by either of the major political parties. It takes away their power over us minions who make the wages and pay the taxes. They prefer the power, the sound bite, and too many people believe they (the politicians) are the only smart people in the room capable of making this type decision. I say horse feathers to those thoughts.