Re:The IRS has a big opportunity to fix the way Americans fi...
by unstatusthequo on Saturday August 14, 2021 @07:20AM
(#28179779)
You’re spot on. Without complexity, the loopholes would be easier to see, and easier to use. Then less revenue. And with less revenue, what would Biden be able to spend? Social programs, military, and surveillance would suffer. We can t have that, now can we?
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Re:The IRS has a big opportunity to fix the way Americans fi...
by amanaplanacanal on Saturday August 14, 2021 @08:28AM
(#28180114)
Are revenues and spending even loosely related any more?
Re:The IRS has a big opportunity to fix the way Americans fi...
by treeman79 on Saturday August 14, 2021 @11:34AM
(#28181440)
Worse than no.
A spending Bill has to show how it effects the budget. Contrived example.
Say it spends a billion dollars. But it needs to be balanced. So they tax pork rinds at 99% to balance it.
Now the paper result is the bill is balanced. Ignoring the real world result that pork rind sales plummet.
So on paper everything is fine. In reality an industry is destroyed.
This happens constantly. They just try and keep it from being to absurd.