According to statistics compiled from the Internal Revenue Service (IRS) by the Tax Foundation, people who didn’t pay any income tax will $105 billion in refundable tax credits from the IRS.
Further, the same report goes on to show the bloated and onerous federal tax code 3.5 times LONGER than all seven books of the Harry Potter series.
The federal tax code, at 3.8 million words, requires 90,000+ employees to enforce over 70,000 pages of its code. The code has almost TRIPLED ITS SIZE SINCE 2001 when the Joint Committee on Taxation estimated the tax code to be 1,395,000 words.
It’s is time for common sense to take hold. It ‘s time for major tax reform in the way of a consumption tax, the Fair Tax or the Flat Tax.