Ed you are spot on about the most wealthy for the most part hate paying taxes and dislike the IRS. They are quick to point out they pay more than 50 percent of all of taxes collected and an incredible number of citizens pay nothing. The IRS is at incredible disadvantage in collecting taxes on the ultra wealthy who get tax avoidance advice along with legal advice that is no match for the IRS.
Trump’s tax returns are a perfect example. What you didn’t mention was that corporations have entire Departments dedicated to tax avoidance and clearly are not paying their fair share. I favor corporate minimum taxes depending on revenue and a flat tax rate for individuals and just disregard the whole complicated tax code. With both of these moves you don’t need more IRS employees.
Ed you are spot on about the most wealthy for the most part hate paying taxes and dislike the IRS. They are quick to point out they pay more than 50 percent of all of taxes collected and an incredible number of citizens pay nothing. The IRS is at incredible disadvantage in collecting taxes on the ultra wealthy who get tax avoidance advice along with legal advice that is no match for the IRS.
Trump’s tax returns are a perfect example. What you didn’t mention was that corporations have entire Departments dedicated to tax avoidance and clearly are not paying their fair share. I favor corporate minimum taxes depending on revenue and a flat tax rate for individuals and just disregard the whole complicated tax code. With both of these moves you don’t need more IRS employees.
Thank you for raising this issue!