How to become a millionnaire

             The tax code needs to be made simpler than it is. The Internal Revenue contains more than a million words that the average American does not know the meaning of or the laws behind them. That forces the person to have to get a professional to do their taxes. The number of pages in the Internal Revenue Code and Regulations has more than doubled in the past twenty years, which is more dumb language most people can not understand. "By 2010, more than one in five taxpayers will be forced to calculate their income taxes twice -once for the regular income tax and once for the Alternative Minimum Tax - and then pay the greater amount."(Anthony, Mark) If it takes almost twelve pages to calculate the poor earned income tax, imagine what it is doing to the wealthy and large businesses. The money people do get back they end up paying most of it to their tax preparer. All of that nonsense which hardly means nothing, just a couple of big headed people that got into a room and found a smart unique way to take the money people have worked hard for and put it into someone's else pocket. Yes, the tax code should be clearly defined, clearer that not only law makers and government officials could read and comprehend it, but the people who it applies to could also.
             When it comes to being fair, the tax code does not clearly define the term. If it did there would not be as many loopholes as there are now. A new tax code would give the Bush administration a chance to make that happen. "My tax cut plan is not just about productivity, it is about people. Economics is more than narrow interests or organized envy. A tax plan must apply market principles to the public interest. And my plan sets out to make life better for average men, women and children." (President George W. Bush) The current tax code is full of inequities. Many single moms face higher marginal tax rates than the wealthy. Couples frequently face a higher tax burden after they ma...

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How to become a millionnaire. (1969, December 31). In MegaEssays.com. Retrieved 01:12, December 28, 2024, from https://www.megaessays.com/viewpaper/12334.html