Earlier this year, Rasmussen released a poll showing that only 31% of Americans trust the IRS to enforce tax laws fairly. Given the targeting of conservatives, reports of refunds going to illegals who didn’t pay taxes, and the sharing of confidential tax payer information with the White House, it’s surprising the percentage is that high.
It seems clear that there is growing dissatisfaction with the IRS and with the nation’s ridiculously complex tax laws. At 74,608 pages, the U. S. tax code is both ponderous and confusing. With all of the new taxes buried in ObamaCare alone, the tax code has grown by nearly 3,000 pages since 2010.
In response to all of this, Americans are more ready than ever for substantial tax reform, and hearing the call, Rand Paul released a new video outlining his new tax plan that appears to be a hybrid of the fair tax and the flat tax.
Here’s the statement from his website:
I stand with Rand in his fight to defeat the Washington Machine and drive a stake through the heart of the IRS by:Ending the workers tax: This plan will end the FICA payroll tax, the largest tax for many working Americans. It goes to zero.Eliminating the headaches and complications in filing federal taxes by allowing every taxpayer to file a simple, one-page return with a low and fair tax rate of 14.5%, saving American families over $2 TRILLION in the first 10 years;Eliminating payroll taxes, which incentivizes employers to hire more workers and raises after-tax income by 15% over ten years;Ending corporate welfare and special tax breaks, eliminating the army of lobbyists and tax lawyers gaming the system. That means no more mom and pop small businesses paying 40% of their income in taxes, while big corporations — armed with armies of slick lawyers — pay zero;Providing a real economic stimulus to our economy by exploding the GDP by almost 10% over the first 10 years.
And here’s the video introducing the plan:
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