An oversized IRS will reduce freedom – OpEd – Eurasia Review
West Virginia Senator Joe Manchin recently claimed that the 15% minimum corporate tax contained in the Inflation Reduction Act, which should be called the Inflation Creation Act , is not a tax increase. Instead, he claimed, the bill simply closes a loophole that allows businesses to avoid paying all the taxes they owe. Despite what Senator Manchin says, the fact is that the new minimum tax increases the amount of money certain corporations have to remit to the government; in other words, it increases their taxes.
It’s common for politicians, policy buffs, and even some libertarians to demonize loopholes for making the tax system too complex, but loopholes are simply ways for individuals to keep more of their money. The loopholes are therefore pro-freedom and pro-sound economy.
In addition to raising taxes, the Cut Inflation Act provides $80 billion to the Internal Revenue Service (IRS). Some of the money will go towards improving taxpayer services, for example, taxpayers can actually talk to a real person who can provide information about tax laws when calling the agency. But more than 50% will be devoted to law enforcement.
The IRS is expected to hire about 87,000 new agents. Proponents of the expansion say the IRS will use the enhanced enforcement capacity to target only “the wealthy.” However, it is not necessary to massively increase the enforcement capacity of the IRS just to go after “wealthy tax evaders”.
Additionally, the wealthy and big corporations can hire lawyers and accountants to ensure that they limit their tax liability while staying within legal limits. They may also fight any attempt by the IRS to charge them more. Middle and working class Americans can’t afford to pay legions of lawyers and accountants to limit their tax liability or fight the IRS, so they’re more likely to pay whatever the IRS demands.
The IRS has a history of not respecting Americans’ due process rights, so creating a new army of IRS agents with a mission to extract more money will lead to massive violations. freedoms. Given the IRS’ shameful history of harassing political enemies of whoever holds power right now, we should expect the new agents to target opponents of US foreign policy, gun control at fire, the government’s promotion of green energy, and other policies of the current administration.
The IRS recently ran an ad looking for officers willing to carry a gun and use deadly force. This comes after the tax authority purchased $700,000 worth of ammunition this year. Maybe the agency is worried that the latest attempt to extract more taxes from Americans already hit by the inflation tax will lead to violence, or maybe the IRS wants its agents to carry guns. to fire to remind taxpayers that tax laws are backed by the threat of government. violence.
The premise of income tax is that the government is the true owner of all property and therefore has the right to take as much from the people as they wish. Therefore, the income tax, like the other monstrosity created in 1913 – the Federal Reserve, is incompatible with a free society but necessary for an authoritarian welfare state. To avoid 1984, repeal 1913.
This article was published by the RonPaul Institute.