- We go all in for jobs and growth with the lowest rate breaks for business in modern history. And we redesign the tax code so our companies can compete and win anywhere in the world, especially here at home.
Our second big reform: We’re proposing for families and individuals a code so fair and simple, nine out of 10 Americans will be able to file using a postcard system.
And finally, because we’re proposing a simpler, bolder, fairer tax code, we propose a simpler and fairer tax collector. So we’re proposing to bust up the IRS and redesign it into a smaller focused agency with a singular mission: taxpayer service for businesses, families, and easy small-claims court approach, so families can resolve their differences more affordably, yeah.
I'm very socially liberal, and pretty conservative on the fiscal and foreign policy side of things.
What I see here is a real, genuine conservative, using their landslide mandate to take a deep look at one of the key problems with the US economic model, and to post a full, working, solution.
Holy shit! That's something I can seriously get behind, because it would remove ALL of the loopholes the assholes are currently exploiting to gerrymander the political system.
I am cautiously optimistic about this guy and his plan... I seriously look forward to seeing how this thing progresses...
Dude, seriously? Let's get the bullet points out of the way first, shall we? Fuckin' A. Voodoo Economics. Reform! Reform! Reform! Make Morning in America again! Fuck yeah! Flat tax! Three brackets! Those brackets by the way are -0-$50k, $50k-$115k, and $115k up. If you make under $75k, your taxes are the same. If you make more than $75k but less than $210k, you see a 3% cut. If you make over $210k a year, you see a 6% cut. MAGA MAGA MAGA! In case you hadn't noticed, the IRS lets you self-report your taxes. So really, their job is about 100% ENFORCEMENT OF THE TAX CODE. What are your odds of getting audited? Less than 1 in 100. So... for those of you who are eager for that 6% tax cut on your earnings over $200k a year, this basically means that instead of an audit process where they can get your money, you get to go to "small claims court." So. Massive tax cuts for business, semi-flat tax tilted towards the wealthy, and gutting the enforcement capability of the IRS. If you actually wanted tax reform? You'd want the IRS to get bigger, not smaller. 'cuz you know what? They're not auditing the 1040EZ crew. They're auditing assholes like me who are deducting a quarter million dollars against a scant six figures of dual income. Except they aren't auditing assholes like me, either - they audit people like my buddy Jim who bought a block of condos in Majorca so he wouldn't have to declare any of his foreign income in 2009. Or my friend Linda who tax sheltered her inheritance in an undeclared Costa Rican ecoresort. This is by-the-book Grover Norquist drown-it-in-a-bathtub trickle-down bullshit and you're too smart to fall for it. Know what tickles my funnybone? Every one of these assholes that hearkens back to the glory days of Andy Griffith and Leave It To Beaver always wants to cut the top marginal tax rate for "growth" without so much as acknowledging what taxes looked like back then: Actually, that was a lie. It doesn't tickle my funnybone. It makes me want to punch old people.So we know tax reform only happens once in a generation. It’s been 30 years. It may well be another 30 years before we have this opportunity. House Republicans made a conscious decision to go bold, to create a tax code built for growth, literally designed to grow jobs, wages in the US economy, and, while doing that, to leapfrog America into the lead pack as among the best countries in the world for that new job and that next investment.
We go all in for jobs and growth with the lowest rate breaks for business in modern history.
Our second big reform: We’re proposing for families and individuals a code so fair and simple, nine out of 10 Americans will be able to file using a postcard system.
And finally, because we’re proposing a simpler, bolder, fairer tax code, we propose a simpler and fairer tax collector. So we’re proposing to bust up the IRS and redesign it into a smaller focused agency with a singular mission: taxpayer service for businesses, families, and easy small-claims court approach, so families can resolve their differences more affordably, yeah.
This is one of those cases where I can't tell if someone is actually deluded enough to believe that this would be remotely fair (and not economically disastrous) or doesn't give a fuck as long as they get theirs.
I know very little about taxes. I know some general principles, like that taxing activities results in less of that activity, or that tax burdens can be passed on from those nominally taxed to households in the form of higher prices. So while I'm all for a simpler tax code that has fewer distortions, I have reason to pause when I read this: In my eyes, we should not be taking cues on governance from the start of the era of massive deregulation and trickle-down economics. And until I have reason to believe otherwise, I can't stop my hackles from being raised when I see a Republican frothing at the mouth to reform government. Not to say that there couldn't exist a conservative fiscal policy, grounded in a fair and simple tax code. I think there's a lot of good to be had in such tax reform that economists of all political stripes back. But importantly, politicians love to say they'll simplify the tax code but are very slow to come around to it. There are some low hanging fruit that have stayed untouched for decades because they win a lot of political points (Ag tax subsidies, for example). And while a border-adjusted tax might put a stop to Apple paying no taxes because of shenanigans in Europe, comprehensive tax reform will have a host of other effects that I can't even begin to speculate on. In the absence of knowing, I turn to policy experts I can trust. And I do not trust Republicans.So we know tax reform only happens once in a generation. It’s been 30 years. It may well be another 30 years before we have this opportunity.
"Simple" tax codes favor the wealthy. The entire reason tax codes get complicated is because economies are diverse and complex and until you see some rich fuck saying "I will happily pay a 71% tax rate so that poor people don't have to go to H&R Block" know that any jackass pushing for "simpler" taxes is actually pushing for "lower" taxes and hoping you're too stupid to know the difference. Which is probably true. After all, your main beef about the taxation system is your fucking 1040 gives you a headache, not that 2% of Bush's tax cuts went to 5 individuals.
Except ... and here is my Pollyanna bit that will drive KB crazy ... the truth is that we DO have too many laws, regulations, codes, tax incentives, tax cuts, and all the other bullshit. So yeah, the Republicans want to throw the baby out with the bath water, but ... that fuckin' bath water is NASTY. We need an effective way to REMOVE legislation, or to put an expiration date on laws or regs. Right now we just keep piling more stuff on top... and the tower is getting really rickety. There ain't no way Republicans are going to meet with Liberals, so maybe we need to take a play out of Bill Clinton's playbook, and enthusiastically embrace some Republican programs... tweak them... and get them passed. Shit's broke and it's getting broker. Maybe we need to stop trying to put Humpty back together again and just make a big goddamn omelette. And until I have reason to believe otherwise, I can't stop my hackles from being raised when I see a Republican frothing at the mouth to reform government.
...but it's a baby, yo. You read this one? John Ronson going on the road and hanging out with six degrees of income inequality: the guy making $10k a year and the guy making a billion, and the four fuckers in between. See, that's the thing - wealth is exponential, and the republicans really want a linear tax code. Why? Because 6 percent of a billion is sixty flipping million dollars they can save Sheldon Adelson but a "six percent tax cut" doesn't seem like much until you realize that it's enough to to give 20,000 people making $50k a six percent tax cut. Why. Nobody ever answers this. Why. WHY should regulation be abolished simply for being regulation? The anecdote is the average person living today sees more information in a day than a person in the 1700s saw in a lifetime. Population of London now? 9 million. Population of London under Henry VIII? 50k. Population of ENGLAND under Henry VIII? 4 million. Simplicity why? And a massive regressive tax cut that gives all its money to the wealthy and offshores everything from IT to customer service is totally going to make them like us, right? Bill Clinton embraced Republican programs because they made him fucking rich. Hillary was on the board of directors of Walmart. Bleedin' hearts they ain't. This is how Trump got elected. "Governance is hard! Let's go shopping!" or "When in doubt, shake the anthill." It's funny. Nobody ever goes "let's start over again" with surgery. But carving up the life blood of the largest economy in the world? "Well, simpler is always better, right? I mean, if she floats, she's a witch. What's simpler than that?"So yeah, the Republicans want to throw the baby out with the bath water, but ... that fuckin' bath water is NASTY.
We need an effective way to REMOVE legislation, or to put an expiration date on laws or regs.
There ain't no way Republicans are going to meet with Liberals, so maybe we need to take a play out of Bill Clinton's playbook, and enthusiastically embrace some Republican programs... tweak them... and get them passed.
Shit's broke and it's getting broker. Maybe we need to stop trying to put Humpty back together again and just make a big goddamn omelette.
Who are they, and how do you know you can trust them? It sounds a bit conspiratorial, but I've often heard that the tax-prep lobby spends heavily to make sure that tax returns remain as complicated as possible. Quick fact-check: Promising to reform the process, then blaming the other side for impeding reform, is an easy way for one gang to score votes year after year. I recently saw an overview that purports to explain some aspects of taxation, pointing out which are widely agreed upon, with a followup about deadweight loss. I assume that any special provisions are in the tax code for a reason, and that reason might be that a good-hearted legislator was able to implement fair and wise policy, or else that some special interest pulled some strings.I turn to policy experts I can trust
Intuit has spent $11.5 million lobbying the federal government — more than Apple or Amazon.
My statement presupposes that I actually have a bevy of experts to rely upon. Not nearly the case. When it comes to sensible tax policy, I've been neglecting it in favor of fiscal policies that further broad social goals, like rigorous public education and universal healthcare. Sensible tax policy is almost like the other side of the coin. You can't have one without the other. That said, I've been interested in taxes for a bit. I bet studying it would kill the curiosity I have for it, though.
How would big money influence it, though? It's basically a flat tax, and adjusting our import/export taxes to match the "modern" tax model used by 160 countries around the world today. Simplifying the tax code, and the amount people pay, actually makes it HARDER to fuck with the system and find loopholes. That's what has me most excited about this plan, right now.
The United States is the world's single largest importer and third largest exporter. The taxation of non-resident citizens by the United States is related to the fact that we have the second-highest wages in the world and without it we'd off-shore literally everything. You want a taste of what the US looks like without tax protection? Take a peek at Puerto Rico.