Thursday, January 31, 2013

IRS Report: We Could Lower Tax Rates 44% Just By Closing Loopholes


IRS Ombudsman: We Could Lower Tax Rates By 44% Just By Closing Loopholes
"Congress could lower individual rates across the board by 44 percent and come up with the same amount of revenue if it eliminated all tax breaks" Washington Post reporter Josh Hicks noted in a January 10 column.  Given the ongoing battles over taxes, spending, and the national debt in Congress, you'd think this would be worthy of front-page placement in the Post.  Editors apparently disagreed, placing it on the bottom of page A13, today's edition of The Fed Page.
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Photo by William Banzai7...

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