Reform the IRS and Stop the Tax Loopholes
Stop taxing the poor and the middle class and stop the rich from avoiding taxes. In his article entitled : "Fiscal Therapy" found at http://www.motherjones.com/news/feature/2009/01/fiscal-therapy.html the author talks about some of the loop holes in our tax system and that the IRS needs to be brought to the 21st century.
The author David Cay Johnston, in his article entitled: Fiscal Therapy says: "End Legal Tax Cheating. The marginal tax rate for cops and teachers is more than 40 percent—25 percent for income taxes and another 15 percent for Social Security and Medicare taxes. The marginal rate for some hedge fund managers, five of whom earned more than $1 billion in 2007, has been zero. That's because many of these speculators have been able to avoid taxes by operating through offshore partnerships under rules that let them defer income taxes. Executives, entertainers, and athletes also have been able to amass vast untaxed fortunes: For example, Roberto C. Goizueta, the ceo of Coca-Cola in the '80s and '90s, built a nest egg of more than $1 billion, but was able to defer taxes on most of it until he died."
Please read the rest of the article. I am sure all his points can be verified with a little research.
Thank you,