The Soapbox

Stimp

Joined: 10/15/1998 Posts: 2184
Likes: 2014


The issue seems unnecessarily self-perpetuating


Of course we should fund the IRS to the point where returns have necessary oversight. But the Code is too complex, and most every new Tax Act just increases the complexity (raising the standard deduction is one of the rare provisions that cut the other way).

I'm reasonably confident 'tax cheats' are not or underreporting W-2 income or dividends/interest. An article posted here the other day indicated audits caught a large amount of bogus deductions and the like, providing possible cover for cheats to take advantage of mostly unnecessary complexity built in to the Code.

So, a complex Code is made more complex as new tax laws are enacted, providing more openings for cheats and thus requiring more funding to catch cheats. Work the problem backwards. Clean up the Code (which should be done anyway) and existing or a reasonable amount of new funding should be sufficient to reasonably ensure compliance.

Coming to a fantasy land near you...

(In response to this post by HooAskedYou)

Posted: 10/31/2023 at 10:55AM



+5

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
  The issue seems unnecessarily self-perpetuating -- Stimp 10/31/2023 10:55AM
  Working on their 2nd million, -- Hoo TV 10/31/2023 12:36PM
  GQPs are not serious people ** -- WaxHoo 10/31/2023 09:11AM
  And don’t care about Trump’s taxes -- WahooMatt05 10/31/2023 08:25AM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307