One of our readers cleverly calls the new IRS supersized budget and enforcement agents: the “stop and frisk tax collection policy.” Tax court is arguably the only area of American jurisprudence where you are virtually guilty until you prove yourself innocent. Isn’t it a little annoying when the Democrats pat us on the head and assure us: if you’re not cheating on your taxes, you have nothing to worry about,
We have a MUCH better idea than doubling the budget and auditors at the IRS.
Pass the Steve Forbes Flat Tax. Postcard return. Low rates as a disincentive to cheating. Make it simple and comprehensible. Eliminate special interest care expenses outs – like tax credits for buying pricey electric vehicles.
As CTUP cofounders Steve Forbes and Steve Moore pointed out over the weekend in The New York Post:
Why not do the opposite of what President Joe Biden and congressional Democrats aim to do? Lower rates and eliminate scores of special-interest carve-outs for lobbyists.
The flat-tax plan we have long endorsed (on which one of us ran for president) would solve all these problems: A 17% single rate, and the only deductions would be for yourself, your spouse and your children. A postcard return. Not much to audit. No special-interest giveaways and no favors for the rich to hide their income.