Tax time
I used to do a series on happy fun tax facts during tax time. But I stopped, it got too depressing. And those numbers are old now. But a few items on taxes:
Is the tax code void on vagueness? Good question, really. When I last checked, the code was bloated:
The Internal Revenue Code consists of approximately 1,395,000 words.
There are 693 sections of the Internal Revenue Code that are applicable to individual taxpayers, 1,501 sections applicable to businesses, and 445 sections applicable to tax-exempt organizations, employee plans, and governments.
As of June 2000, the Treasury Department had issued almost 20,000 pages of regulations containing over 8 million words.
I’m sure there is plenty of vagueness in that. Meanwhile, the IRS is a bully and will threaten to withhold your pass port.
People ask me how I would fix the tax code. Simple, really. A two step plan:
No more payroll deductions for taxes. You take home what you earn and every month, you write a check to the government. This will have the added benefit of exposing most folks to the complexity of the stupid laws and, you know, will provide to them the real amount of money taxes cost them. Most folks think in terms of their net pay, not gross.
It will be a crime punishable by death for a senator or congressmonkey to pay a third party to do their taxes. They will be required by law to do their own tax returns.