Yes! Simplify the tax code! Close all the loopholes, deductions, exemptions, exclusions, shelters, corporate welfare, Cayman Islands tax havens or just eliminating the special lower tax rate on investment gains that the few wealthiest elites and ginormous corporations have had written into the tax code by their own accountants and lobbyists, for their own personal benefit so that they can pay less in taxes (and in many cases nothing at all).
The ones who call for tax simplification (usually meaning to disallow tax credits or reduced rates on the lowest income brackets or terminate middle-class exemptions) never mean to close the loopholes, deductions, exemptions, exclusions, shelters, corporate welfare, Cayman Islands tax havens or just eliminating the special lower tax rate on investment gains that benefit themselves.
And yet, virtually the entirety of tax complexity — the reason the tax code fills so many volumes — is to spell out all the ways that ginormous corporations and the few richest elites at the top can avoid taxes.
Yes! Simplify the tax code! Close all the loopholes, deductions, exemptions, exclusions, shelters, corporate welfare, Cayman Islands tax havens or just eliminating the special lower tax rate on investment gains that the few wealthiest elites and ginormous corporations have had written into the tax code by their own accountants and lobbyists, for their own personal benefit so that they can pay less in taxes (and in many cases nothing at all).
The ones who call for tax simplification (usually meaning to disallow tax credits or reduced rates on the lowest income brackets or terminate middle-class exemptions) never mean to close the loopholes, deductions, exemptions, exclusions, shelters, corporate welfare, Cayman Islands tax havens or just eliminating the special lower tax rate on investment gains that benefit themselves.
And yet, virtually the entirety of tax complexity — the reason the tax code fills so many volumes — is to spell out all the ways that ginormous corporations and the few richest elites at the top can avoid taxes.