OCCUPY WALL STREET

[AtLast]

Originally Posted by Corkey

Make the IRS code one page, no more loopholes. Pay income tax on a simplified formula and make companies pay their fair share. Seems like a no brainer, except the ones without brains are the ones we have in office.

One of the key factors all along the way of internal revenue reform in the US is just how big and active the tax attorney and certified public accountant lobbys are! This is big business in the US. From H & R Block to online tax prep services. This industry has made a lot of money on how complex just filing income tax can be for even people that are by no means wealthy, and want to reduce their tax liability by utilizing breaks that they are entitled too. Things like deductions for educators or mortgage interest, having a home office, etc.

These folks do not want a simplified tax code- don't want "just folks" to be able to file a simple return with their check if they owe. This is a billion dollar business in the US. Mention a flat tax toan accountant and hear them stutter!!