Tuesday, December 24, 2013

Abolish The IRS , Let the Economy breath

This simplified tax system would also eliminate more than 90% of the IRS’s more than 100,000 employees who have the power to arbitrarily harass people and small business owners ad infinitum, since most of these agents themselves do not have a full understanding of all the tax laws and regulations. (According to an IRS report entitled “Workforce of Tomorrow Task Force: Final Report August, 2009”, the IRS has 88,203 full-time employees, but this number would have increased significantly since then.)
The complexity of the tax system led the recently deceased British economist Barry Bracewell- Milnes, who was a champion of lower taxation (he argued for the abolition of the inheritance tax), to exclaim: “An economy breathes through its tax loopholes.” - in a recent article on the daily reckoning

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
 Marc Faber

Marc Faber

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.


Related Posts Plugin for WordPress, Blogger...