Let's Buy Out the IRS

IDEA!

Did a light bulb ever go off in your head and you think its the best idea ever?

Well, I had one two days ago.

It is a way to get us out of our debt crisis.

Let's pass a bill that allows "the rich" and anyone else who employs people
to buy an exemption from filing and paying taxes.

Before you run away from the "smell", please read on.

Here's the situation.......

1. Corporations are holding onto capital and not hiring because they are unsure of the taxes they'll have to pay and new regulations they'll have to pay for.
2. Anyone who is in a business spends an inordinate amount of time trying to comply with (guess) 40,000 pages of tax code and the 14+ new regulations our legislators pass each week. They have to hire tax accountants, tax lawyers, lobbyists to get tax favors from the government, and spend money under the table to get our legislators to put special interest loopholes into the tax code, and on and on and on!!!
3. All of this is VERY Expensive, aggravating, time consuming, and non-productive work.
4. Corporations are finding it more profitable to outsource overseas because of the wages, taxes and regulations here in the U.S.

1. The "rich" are demonized because they "steal" the poor man's money by not paying them enough, by getting special favors from the government because they are "crooks",.. because they are "evil".
   Many corporations HAVE TO be all of the above to be able to compete!
   Ethical business owners suffer the most.
   May the best CHEATER win. (Else go bankrupt.)
   
   
2. The primary "customers" of most large corporations are its stockholders. If you don't satisfy them, you're toast. So there's always going to be robbing from Peter to pay the stockholders
   
   
3. Overseas corporations avoid setting up production in the US because of the high taxes, high wages, and complex regulations.
   
   
4. Unions (which are no longer needed since there are regulations in place to make sure there's no more child/slave labor) fight the "evil" corporations for a piece of the pie that the corporation's need to pay the stockholders.

What if?

1. Corporations could eliminate their IRS burden and shift these expenses and focus into growing their corporation?
   
   
2. Corporations could change the work their tax attorneys, tax accountants, and lobbyists do into productive work instead of reactive work?
   
   
3. The small businessman would no longer have to be strapped with all of the regulations that the large corporations have to follow? A sole proprietor, single owner of corporation, LLC, or other business entity is responsible for the same 40,000+ and growing regulations as the big corporations are who can afford top notch tax attorneys, tax accountants, and lobbyists.
   
   
4. Companies overseas could come to this country and set up shop without fear of the IRS?
   
   
5. These companies didn’t have to be audited?
   
   
6. Our government wouldn’t have to spend a ton of taxpayer dollars to pay the wages of IRS agents?
   
   
7. Corporations could focus all of their time on new products, technologies, growth instead of wasting a significant portion of their efforts trying to comply with, getting around, or changing the tax laws?

Here’s my suggestion.

1. Pass a law that allows corporations to “buy” exemption from IRS regulations if they promise to re-invest their tax overhead expenses into job creation. This buyout could be an annual fee equal to historic tax compliance expenses.
   
   
2. All citizens are responsible for paying taxes in the form of a US sales tax? (Flat tax).
   Or... more employees means more income tax revenue to fill government coffers.
   

Expected Benefits:

1. No one gets favored over another.
   
   
2. Corporations won’t be forced to cheat to survive and be able to compete. Their survival will be based on the products/services they offer.
   
   
3. Investment transferred into productive work would increase innovation and jobs.
   
   
4. Competition for employees would raise wages and benefits
   .
5. Overseas investment would come to the US because of its business friendly atmosphere.
   
   
6. Increased productivity would bring more revenue to the government to pay for national defense and other things it is responsible for. (Which isn’t much, according to the constitution.)
   
   
7. Corruption would no longer be necessary. At least in the tax/favors area.
   
   
8. Special interests would no longer apply.
   
   
9. The playing field would be leveled naturally.
   The term “cheaters never prosper” will become true again.
   
   
10. Fear of changed regulations would go away.

I know this is all pie in the sky...

but there's got to be at least one good idea in this mess.

Let it noodle in your head for a while...

(This is my way of brainwashing you to think the way I do. :)

Tee Hee