Urbin Report

Ten Top Reasons to scrap the Tax Code

Freedomworks.com sums it up nicely.

Adam Smith famously noted in the Wealth of Nations that complex tax codes are “more burdensome to the people than they are beneficial to the sovereign.” Our tax code is broken. It’s unfair, complex, inhibits saving, investment and job creation, imposes a heavy burden on families, and undermines the integrity of the democratic process. We should scrap it and rebuild a simple, low, flat, fair, and honest tax code.

Here is the list:
1. THE CODE IS TOO COMPLEX.
2. THE CODE IS BEYOND COMPREHENSION.
3. THE IRS IS TOO BIG.
4. THE CODE CORRUPTS THE CULTURE IN WASHINGTON. DC.
5. THE CODE TAXES SOME INCOME TWO OR MORE TIMES.
6. CONGRESS USES THE TAX CODE TO LEGISLATE MORALITY.
7. HIGH MARGINAL TAX RATES PENALIZE SUCCESS.
8. COMPLYING WITH THE CODE COSTS AMERICANS BILLIONS.
9. THE CODE DRIVES POLITICAL DONATIONS
10. LAWS SHOULD REST ON PRINCIPLES OF JUSTICE.

Stop by and read the whole thing.

Tags: Politics, taxes, Tea Party