Consumption tax. Remove the need for such a substantial IRS.
Don't take property, which is a tax to exist. Don't tax income, which is a penalty on achievement. Certainly, don't tax gifts, which are transfers of private property and beneficial donation. Each of these is an unfair tax or violation of rights AND they allow for the loopholes which you mention. Understandably, these taxes are spun to win support, as being fair because they tax higher income or more valuable property, more, than those with less. And while that might be true, a consumption tax does the same while empowering the individual to control their tax burden.
Wealth is inherently taxed more given the purchase of their more valued homes and properties, higher end goods, and more services such as security.
Poverty is inherently taxes less for the same, opposite, reasons.
No loopholes. No deductions.
This even serves the interests of families because families are started by younger people who naturally buy less expensive goods, and while starting a family will increase their expenses, they are empowered to have already purchased a home or to put it off until affordable and they're likely earning more - they control their tax burden.
THREE POSSIBLE tax exemptions come to mind that would serve society:
1. Healthcare isn't taxed
2. Education isn't taxed
3. Day care isn't taxed
Remove those from a consumption tax since they are net beneficial and shouldn't unfairly burden poorer communities and families.
All goods and service purchased should be taxed, eliminating a foreign loophole - if you buy overseas, you're still taxed.
Taxes are paid at the time of purchase, eliminating the need for costly tax services, filing, and staff.
The study you cite with empirical evidence seems to be weak. The idea that cutting spending does not change services demanded by the public is irrelevant. The public can demand that banks give them free money, but they don't. What seems to be missing is the simple fact that anyone can demand anything at any time, which does not mean it should be supplied.
Consumption tax. Remove the need for such a substantial IRS.
Don't take property, which is a tax to exist. Don't tax income, which is a penalty on achievement. Certainly, don't tax gifts, which are transfers of private property and beneficial donation. Each of these is an unfair tax or violation of rights AND they allow for the loopholes which you mention. Understandably, these taxes are spun to win support, as being fair because they tax higher income or more valuable property, more, than those with less. And while that might be true, a consumption tax does the same while empowering the individual to control their tax burden.
Wealth is inherently taxed more given the purchase of their more valued homes and properties, higher end goods, and more services such as security.
Poverty is inherently taxes less for the same, opposite, reasons.
No loopholes. No deductions.
This even serves the interests of families because families are started by younger people who naturally buy less expensive goods, and while starting a family will increase their expenses, they are empowered to have already purchased a home or to put it off until affordable and they're likely earning more - they control their tax burden.
THREE POSSIBLE tax exemptions come to mind that would serve society:
1. Healthcare isn't taxed
2. Education isn't taxed
3. Day care isn't taxed
Remove those from a consumption tax since they are net beneficial and shouldn't unfairly burden poorer communities and families.
All goods and service purchased should be taxed, eliminating a foreign loophole - if you buy overseas, you're still taxed.
Taxes are paid at the time of purchase, eliminating the need for costly tax services, filing, and staff.
The study you cite with empirical evidence seems to be weak. The idea that cutting spending does not change services demanded by the public is irrelevant. The public can demand that banks give them free money, but they don't. What seems to be missing is the simple fact that anyone can demand anything at any time, which does not mean it should be supplied.