If People Are Really Tired Of Our Tax Laws, Why Canâ??t Someone Do Something?

Posted by Rob on September 19, 2009 under Immigration Law | Be the First to Comment

You would be hard pressed to find any man or woman on the street that thinks our current tax laws are working for the benefit of our country as a whole. The tax system is so convoluted and complex, almost no one that any level of financial complexity in their lives can really be sure they are fol

lowing the rules as the IRS expects us to. Why canâ??t we find a politician to champion a cause towards simplification and fairness of the tax laws?

 

Most people would probably attribute it to the invested interest of the massive tax industry as a whole and the manner in which special interest groups have so much at stake in the gains they have made over time molding the tax code to give them advantages. These advantages might not be so generous if our system were to revert to a simpler and overall fair system.

 

The magnitude of the problem is clear from the struggles of a group called FairTax.org. This proposal has been around a number of years, but cannot seem to break through the barriers in Congress that are preventing it from getting a true hearing. How can this be when you read the fundamentals at the heart of the FairTax proposal (taken from the FairTax.org website):

 

Only people pay taxes.

Consumption taxes are the oldest form of taxation for many good reasons.

Consumption tax rates are self-limiting.

Consumption taxes, throughout history, have enhanced civil liberties and more.

Direct taxes (income taxes/poll taxes/head taxes), throughout history, have been the tools of tyranny.

Uniformity of taxation wards off special interest manipulation.

 

The fact that such a logical and well thought out plan can get so little traction in our country makes one wonder if Congress truly has our best interests at heart of not. At the very least, you have to wonder if the populous is just empathetic about this problem.

 

Until more success can be had, the regular taxpayer needs serious advice. One way to improve on your tax situation is to become your own private little bank endowed with some seriously positive tax advantages. If you are interested do a search for â??personal bankâ? and talk to a professional financial advisor who can help you navigate our swamp of tax laws.

 

For more details: www.thepersonalbanker.com