Eliminate the IRS?

Does it sound crazy to eliminate the IRS? I’ll ask you again on April 15. Like most Americans, you probably pay too much income tax. Most of us who are employed don’t notice it as it is automatically taken out of our income by our employers. It amazes me every year when tax time roles around of how much we pay each year to the Federal Government. That’s not including the State Tax and Social Security tax – but that’s fodder for another blog.

There has been talk for some time to eliminate the IRS for a more equal tax. Steve Forbes had his idea for the Flat Tax, but the new version is the Fair Tax. Essentially what this entails is charging a national sales tax on everything purchased. As the tax code now stands, most of the “tax payers” really pay no federal income tax at all. Included in this group are not only honest hard working Americans, but also drug dealers, criminals and and my favorite – illegals. If we stopped taxing income and started taxing comsumption – everyone would actually pay their “fair share” instead of the US relying on the “rich” to pay the freight.

There are many arguements on the other side, but I believe this is selfish thinking. Questions that will come up include: “You’ll put all those IRS agents out of work” – They will find other work at the businesses that will be created by all the extra funds. “What will I do without a refund?” – A refund is a tax free loan on YOUR money. If you had an investment making 0% you’d get rid of it. “I don’t want to pay 23% tax – that’s too much” – if that’s all you pay, you’ll have tons of extra money left over at the end of the month.

I could go on, but you get the point. The only this type of system will work is to eliminate the IRS. There is no other way to really “fix” the country. There is a great book out there right now by Congressman John Linder and Neal Boortz called Fair Tax: The Truth that explains the concept – pick it up to read the details.

Of course, that’s just my opinion.

Rob’s Rant

Buy the Book Now: Fair Tax