Tuesday, February 03, 2009

Full Tax Disclosure or Tax Revolt

The Market Ticker:
"I keep hearing people say they're going to file absolute crap this year.
Utter garbage. 'The Dog ate my Schedule C.'

If The American People do this, Mr. President, government funding will
collapse. The IRS can't possibly audit everyone and we all know it.

Your administration is dangerously close to creating a full-on tax revolt
among Americans. You would not believe how often I have heard this among people
both online and off in the last couple of weeks. The anger, especially when the
people who are cheating are folks like Daschle and Geithner, is VISCERAL - these
are the people who both wrote the tax code and were involved in the bailouts and
handouts which you expect we the people - ordinary Americans - to pay for.

I file and pay every year exactly what I owe. No cheating, no games, no BS.
I spend upwards of a full week preparing and checking my tax return to make sure
that I pay every dollar that is due (but not one more!) But now we discover that
every day another one of your appointees in your 'new day' for Washington DC has
cheated on their taxes and in the case of Daschle and Geithner they knew they
owed the money and didn't pay until you tapped them?

Against this backdrop you expect ordinary Americans to file and pay for
bankster bailouts to cover the fraudulent actions of the banking and
securitization industry?

You might want to rethink this one, and I can come up with only two ways to
do it:

- Audit EVERY Congressperson and EVERY staffer in your
administration, including yourself. Everyone, all the way back to the statute of
limitations, with the results of those audits made public.

- Ditch the IRS and the current tax system entirely (mooting the
question) and move the nation to The Fair Tax, thereby firing all the tax
lobbyists and game-players in DC and elsewhere.

Frankly I prefer #2 but #1 is acceptable.

"Do nothing", on the other hand, may well NOT be accepted by The American
people.

If what I hear in my day-to-day the patience of "The People" is about
done."

I hear the same type of anger in the people I talk with. They've really had enough of this garbage. Middle class doesn't like to pay taxes and support the system while the ruling elite skip out of their taxes - passing the buck to "the people".

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