By Karen Rubin, News-Photos-Features.com
Regardless of whether you see Trump’s tax returns as evidence of tax cheating and fraud or as financial wizardry (that is, sleight of hand) in capitalizing on (or fabricating) loopholes so he can pay zero or $750 tax on millions of dollars in income (hello! AMT???) – Trump is the poster child for the need for tax reform – that is, a fairer (not flatter) tax code and a just, efficient tax collection system.
And yet, Kevin McCarthy, said his first act as Speaker of the House would be to repeal the $80 billion funding for the 80,000 IRS agents. Second is to go after Medicare and Social Security under the aegis of reducing the national debt and mandating spending “within means”.
But those IRS agents are necessary to recover the estimated $1 TRILLION in unpaid taxes each year by the top 1%, who, it is calculated, routinely…
