Comment Re:She's right (Score 1) 93
I would add that its a travesty that legislators on both sides of the aisle have created the cluster-mess that is taxation in this country. There are thousands of carve outs, big and small. Most for seemingly good intentions, but add up to a absolute nightmare. It is telling that neither party feels moved to fix any of it. Rather both find it just great to add their special interest to the pile. Then bark about issues on the periphery, like is the IRS hassling this group or that group this month. They are hassling all of us all the time(!)
Just set a damn rate to pay the bills. Like 22% for everyone. Regressive, progressive, I stopped caring. Corporations have been determined to be "people" they all pay 22%, no more accounting tricks no more deferrals. If Apple is somehow located in Ireland, Apple pays the US our 22% first and we'll decide how much Ireland gets. Hedge fund manager...22%. Crypto bro 22%/ Phase out mortgage deductions, phase out basically all deductions. A lot of these end up with negative, unintended consequences (see US Health Insurance, see also 401k) . Just stop trying to gear social policy with tax policy. Want a child tax credit...just give people the cash or make it a day care voucher or whatever