Why we don't want to simplify the Income Tax code. By Jim Donnell June 03, 2013
WAKE UP PEOPLE! In 1986 Congress simplified the code, removed loop holes, and lowered the rates. Nearly 30 years later our tax code is more complicated than ever approaching 80,000 pages of code. Since 1986, Congress and lobbyists have raked in BILLIONS of dollars from corporations and the wealthy in exchange for special exemptions in the tax code. A case in point; In December 2011, Public Campaign released a report utilizing data from the Center for Responsive Politics, Citizens for Tax Justice and SEC filings showing that from 2008 to 2010, 30 companies spent a combined $495 Million dollars on lobbyists. Twenty nine of those companies paid NO INCOME TAX. Call me suspicious, but I think Congress is chomping at the bit to "simplify" the code again to start the next inflow of money... We DON'T want to simplify the income tax code, we want to ELIMINATE it, along with the ability for Congress to sell tax code changes in exchange for campaign contributions. HR25 / S122 - The FairTax bill would do exactly that. The FairTax bill is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level and dollar-for-dollar federal revenue neutrality. Call your representatives in Congress today and tell them you don't want them to simplify the income tax code, that you want them to abolish it and pass HR25 / S122. Sincerely, Jim Donnell
Received June 03, 2013 - Published June 03, 2013
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