"I show very little in personal income that is taxed. I follow the tax code but still show far less than what I make. " i am sure god would be proud that you are evading taxes. not sure about the irs though.
As long as the whole world values USD more than its real value, USA will have no problem The only thing, the only power that stops USA to collapse is the value of the American Dollar Once the whole world realizes that American Dollar is worth far less than what it is marketed as, then USA WILL COLLAPSE Who knows when that happens, but there are some signs that people are waking up slowly It is too slow but it is there. For me, all my money is in non USD investments.
I think he's referring to the deferral of taxes rather than evading taxes. Good tax planning can save you a lot of money but sooner or later you gotta pay the piper.
1. Drastically cut spending. I'm talking pre-WW1 mentality as to what your government can do for you. 2. Broaden the tax base way out. Stop using taxes as a punishment/reward system, and start using them to pay for basic services only. This is the simple solution to a very complex problem. All the ifs, buts, howevers are useless because once you go down that road, you end up back where we currently find ourselves. The role of government is to set the rules and then enforce them on the broadest cross-section of the population as is feasible (the law of diminishing returns comes in here at a certain point). It isn't there to feed you, entertain you, or play to your whims and passions. It is a necessary evil to produce a functioning civil society. Life, Liberty, and the Pursuit of happiness != getting shit handed to you. It means that the rules have been set up such that a meritocracy flourishes. It is meant to be an elitist system, which is the polar opposite of a socialist system. Socialist states attract tit-suckers, Meritocracies attract the kind of people who are going to make the world a better place (likely unintentionally through their own selfish pursuits). I'd like to see our country get back to the latter even if it means less handouts and a harder period of time in the near future.
Socialism is in a world wide meltdown. It was idiotic from the inception. A big transaction tax will reduce the number of transactions drastically and possibly reduce the overall tax revenue. So many dumb people, so little time...
What is wrong with that? Less transactions require less government. Trim the fat and force the govt to operate within the $ generated. When > 40% of tax payers are govt employees or otherwise paid out of tax revenue collected your done.