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RE: LeoThread 2025-02-25 22:17

in LeoFinance4 days ago

Part 6/7:

Amid the chaos surrounding IRS operations, the idea of reform has gained traction. Norquist emphasized that while tax collection is an inevitable reality of government, it need not involve abusive practices that infringe upon citizens' privacy. He advocates for a transparent tax system that respects individual privacy, suggesting that the current U.S. tax structure is overly complicated.

One significant change he proposed is the simplification of tax deductions. The Tax Cuts and Jobs Act of 2017 noticeably increased the standard deduction, reducing the burden on 90% of taxpayers who previously had to keep extensive records of expenses. Simplifying the tax code not only alleviates pressures on individuals but can also improve the IRS’s efficiency.

Conclusion