Reblogging for the information.
Our nation very much needs fundamental tax reform, so it’s welcome news that major public figures – including presidential candidates – are proposing to gut the internal revenue code and replace it with plans that collect revenue in less-destructive ways.
A few months ago, I wrote about a sweeping proposal by Senator Marco Rubio of Florida.
Today, let’s look at the plan that Senator Rand Paul has put forward in a Wall Street Journalcolumn.
He has some great info on why the current tax system is a corrupt mess.
From 2001 until 2010, there were at least 4,430 changes to tax laws—an average of one “fix” a day—always promising more fairness, more simplicity or more growth stimulants. And every year the Internal Revenue Code grows absurdly more incomprehensible, as if it were designed as a jobs program for accountants, IRS agents and tax attorneys.
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