‘When I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing’

‘When I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing’ by Michael Snyder – The Economic Collapse Blog

The quote in the headline comes from Ron Paul, and it should be the goal of every conservative lawmaker in the entire country.  When professional politicians tell you that they are in favor of reforming the tax code or reducing taxes a little bit, essentially what they are telling you is that they are perfectly fine with the status quo.  They may want to tweak things slightly, but in general they are content with big taxes, big spending and big government.  I spent an entire year getting a Master of Laws in Taxation at the University of Florida Law School, and in my opinion the best thing that Congress could do to the tax code would be to run it through a shredder and put it in a dumpster.  As I noted the other day, the tax code is now more than four million words long and it takes Americans about six billion dollars a year to comply with it.  Those that believe that they are offering the American people a “solution” by proposing to tinker with this abominable mess are just fooling themselves.

The only long-term solution that is going to work is to get rid of the entire steaming pile of garbage.  Ron Paul understood this, and we would be very wise to take his advice.  The following is the full version of the quote from the headline above…

“By the way, when I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing.”

If I run for Congress, and I am very strongly leaning in that direction, this is what my position on taxes is going to be.

Of course we are going to have to dramatically change the composition of the House and the Senate in order to get this done, so in the short-term we may have to focus on reducing tax rates and the size of the tax code by as much as possible.

But ultimately, the goal will be to abolish the tax code and the IRS altogether.

We have become so accustomed to an income tax that many of us couldn’t possibly imagine a society without one.  But today there are seven states that do not have one, and that includes very big states such as Texas and Florida.  And from 1872 to 1913, there was no federal income tax.  When a federal income tax was finally reinstituted in 1913, the rates were extremely low.  The following comes from Politifact

The 1913 law imposed a tax of 1 percent on income up to $20,000, for both individual and joint filers. However, exemptions from the tax — the first $3,000 of income for individuals and the first $4,000 for joint filers — meant “virtually all middle-class Americans” were excused from paying, according to W. Elliot Brownlee’s book, Federal Taxation in America. The law also put in place a graduated surtax on incomes above $20,000; the highest rate paid, 7 percent, applied to Americans making more than $500,000 (about $11.4 million in 2011 dollars).

So how did things go for our country during the four decades when there was no federal income tax?

Well, if you regularly follow my work you already know the answer to that question.

That period of time just happened to be the best period of economic growth in U.S. history.

Oh, but we wouldn’t want to change from the way things work today, would we?  After all, the U.S. economy has grown at a blistering average yearly rate of just 1.33 percent over the past decade, and we are actually behind that pace so far in 2017.

If you want a no growth economy and a steadily shrinking middle class, then our current system is perfect for you.

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Michael Snyder

I am a voice crying out for change in a society that generally seems content to stay asleep.  My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters.  (#CommissionsEarned)  By purchasing those books you help to support my work.  I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I can only allow this to happen if this “About the Author” section is included with each article.  In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished.  This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.