Article Image
IPFS News Link • TAXES: Federal

If Deficits Are Good, Why Not Stop Taxation Altogether?

•, by Bruce Wilds

With so many people no longer concerned about deficit spending the idea now seems more viable. With so many people thinking that deficit government spending helps drive the economy at some point our leaders and those across the globe might want to give us taxpayers a break. Why not stop taxation entirely?

Just End It! Such a policy would go a long way to diminish the divide polarizing our nation.

I do not know anyone who likes to pay taxes or go through hours and hours of record-keeping and filling out forms in order to comply with our complex tax system. According to the Tax Foundation, Americans spent more than 8.9 billion hours complying with IRS tax filing requirements in 2016. All in all, tax compliance cost the U.S. economy $409 billion during those 12 months.