You’re probably not surprised, but I’d like to see the tax-code and the IRS scrapped. My friend Chris Edwards, director of tax policy studies at Cato, explains the current mess here:
The larger story is how the huge welfare system run by the IRS is dwarfing its traditional role of collecting taxes. In 2015, IRS spending on handouts of $121 billion is eleven times larger than the $11 billion spent on administration. In the recent federal budget, the White House requests a giant $45 billion for Obamacare exchange subsidies in 2016, which would be four times larger than total IRS administration costs.
A short-term solution for the long lines at IRS offices would be for Congress to trim handouts a tiny bit and use the money to hire more workers to answer taxpayer queries. The long-term solution is to greatly simplify the tax code. That would include eliminating all $121 billion of tax-code handouts and moving to a flat tax or a simplified two-rate system.
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