Frankly, both political "parties" (I use the term loosely for the current Republican entity) have abdicated any sense of responsibility with regard to taxation. The IRS budget has been either level funded or cut for over 20 years. That has been purposely done in order to effect Grover Nordquist's lifelong aim to strangle the federal government. While various taxation experts opine that upwards of $500 billion dollars a year go uncollected due to the lack of enforcement, the easy pickings, like the carried interest treatment of hedge fund earnings still allow for those billionaires to pay taxes at the rate of Warren Buffett's secretary. Just ask Chuck Schumer about it as he collects more campaign and lobbyist payments from Wall St. than any other senator, but refuses to move on that egregious example of disparity. Closing that loophole would bring in at least another $25 billion a year alone. And all the real estate loss shenanigans allow someone like Trump to avoid federal taxation altogether. Sorry, nothing will be done...

Frankly, both political "parties" (I use the term loosely for the current Republican entity) have abdicated any sense of responsibility with regard to taxation. The IRS budget has been either level funded or cut for over 20 years. That has been purposely done in order to effect Grover Nordquist's lifelong aim to strangle the federal government. While various taxation experts opine that upwards of $500 billion dollars a year go uncollected due to the lack of enforcement, the easy pickings, like the carried interest treatment of hedge fund earnings still allow for those billionaires to pay taxes at the rate of Warren Buffett's secretary. Just ask Chuck Schumer about it as he collects more campaign and lobbyist payments from Wall St. than any other senator, but refuses to move on that egregious example of disparity. Closing that loophole would bring in at least another $25 billion a year alone. And all the real estate loss shenanigans allow someone like Trump to avoid federal taxation altogether. Sorry, nothing will be done...

user
yes
assistant