Hats off to Sens. Max Baucus, D-Mont., and Orrin Hatch, R-Utah, who are trying to simplify our horrendous tax code. The purpose of the income tax should be to raise revenue, not a bloated agency forcing social change on Americans with special exemptions and tax credits to promote what Congress wants us to do.
With all the scandals, it is time to simplify the code. Businesses and individuals spend a fortune in time and money complying with a tax code and its myriad regulations, which no one understands. It cost a major contributor of Romney $75,000 for IRS audits which found nothing wrong. After spending $50 million on lavish conferences, the IRS now wants to pay its employees $17 million in bonuses when so many citizens are looking for jobs or being cut back to 30 hours a week. Just recently, the IRS asked for another billion to hire 4,500 new agents.
The IRS targeted Tea Party and patriotic groups over 501(c)4 exemptions. Without the exemption, those groups could not raise money in the 2012 election. True the Vote founder Catherine Engelbrecht and her family were subject to personal and business IRS audits, and her small family business received visits from the ATF — twice — and OSHA. The Tea Party group she founded was visited several times by the FBI — all because a courageous woman became an active citizen fighting for election integrity.
The IRS wastes so much money in fraudulent tax refunds. The Earned Income Credit is rife with fraud. Electronic filing has created huge identity theft fraud. IRS paid out phony refunds, and when the legitimate taxpayer files, he goes through grief to get his legitimate refund. Currently waste is about $50 million sent to multiple persons filing from the same address. Wouldn’t you think it would be suspicious to see 23 persons filing for large refunds from the same address?
And the IRS is to handle Obamacare? God help this country! It’s time to change our tax system!