Friday, December 19, 2003

The Stealth Tax Cut

GAO Finds Increase in Tax Evasion
Since the 1990's, when Congress provided a classic example of demogogic grandstanding, decided it was time to reign in the eveeeeeel IRS (its so eveeeel in fact, that it allows the federal government to do anything at all), the number of property confiscations for tax evasion and other forms of enforcement have fallen steadily. It is no suprise then, that the amount of tax evasion going on has increased as of late. I think one of the candidates running for President ought to bring up tax fraud. While it is true that cracking down on tax evasion and crooked accounting would not make a significant dent in the budget deficit, it would still bring in billions of dollars of revenue, not an insubstantial of money by any means. It is also a nice symbolic issue, Candidate X wants to protect hardworking, law abiding American tax payers from scheming millionaires that illegally dodge the income tax and put the burden on ordinary Americans, while Candidate Y is a staunch supporter of the Rich's right to screw you side ways. I mean, people get so angry about nonexistent "welfare queens", perhaps they could get riled up about tax cheats as well.

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