From The Detroit News: IRS collects $3.2 billion in tax shelter crackdown
By Jim Abrams / Associated Press
WASHINGTON -- The IRS has collected more than $3.2 billion, mainly from wealthy people, in its most ambitious effort ever to crack down on improper tax shelters, the agency said Thursday.
From my March 7 post.
I think that a straight 18% tax rate on GROSS INCOME... forget all of the deductions... with a deduction for the first $20,000 (amount can be worked out). That really amounts to a graduated tax up to a couple hundred thousand and a flat tax afterward. A simple, fair approach to taxes that should be close to revenue-neutral. After all, there's a lot of nonsense that goes on with the very rich to avoid taxes. Let's just clean it up and make it simple.
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|Taxes||Effective Tax Rate|