I love this quote:
“For too long, working families have footed the tax bill for America‘s billionaires and corporations,” Rep. Peter DeFazio (D., Ore.) said on Twitter. “I’m proud to be working [with President Biden] to ensure the IRS has the funding to ensure the wealthiest pay their fair share & to provide basic taxpayer services.” Source: WSJ 4-28-21
mostly because it’s pure nonsense. The largest revenue loss is not from those mentioned, but from small businesses and individuals who deal with cash. In fact, that is where the enhanced enforcement is aimed.
47% of “working families” paid no income tax in 2019 by taking advantage (correctly) of every credit, deduction and applicable provision of the tax code … just like billionaires and corporations do.
Simple…a national sales tax to replace the federal tax…end of problems.
True. If the politicians ever actually made the tax code fair, rather than using it as a way to promote every one of their special interests through tax policy, we wouldn’t have all of the loopholes that they are so quick to condemn.