If Will Rogers or Mark Twain were alive today, they could each make a fortune by a comedy routine based on reading from the 72,000 pages of tax code. No one in the audience would believe it. I do not, and I am reading a few hundred pages this week. There are so many exceptions to the rule that eventually there will be no rules because each of us will be an exception. As much as I am in favor of any “simplification,” from Cain to Perry, I am not sure if congress or any august body can simplify it.
Perry’s proposed tax modification is clearly not a simplification. A taxpayer would compute his taxes under both the old method and Perry’s new method to determine which method to use. Cain’s tax method has the possibility of simplification. If Cain can abolish the old tax code completely, Cain’s tax proposal would have one singular advantage. A typical taxpayer can understand it.
It is hard to genuinely digest the current tax code because it is a hodgepodge salad made from unknown ingredients. Most of us get our tax bill and try to swallow without choking.
What is the point? I am complaining because I can not afford to hire my own personal lobbyist. I want a depletion allowance for extracting words from beneath the surface to use to create energy for readers.
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