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That danger does exist, but I do not believe what are anywhere near that point, given how dramatically underfunded they are.
by s73v3r_ 8y ago
That danger does exist, but I do not believe what are anywhere near that point, given how dramatically underfunded they are.
- datavirtue 8y agoCut the hyperbole, there is nothing dangerous about underfunding the IRS. Overfunding the military, that's another story.
- emodendroket 8y agoWhat's dangerous about it is massive budget shortfalls, not to mention unfairness, as taxes become optional for the very wealthy. > The result is huge losses for the government. Business owners don’t pay $125 billion in taxes each year that they owe, according to I.R.S. estimates. That’s enough to fund the Departments of State, Energy and Homeland Security, with the National Aeronautics and Space Administration tossed in for good measure. Unlike wage earners who have their income separately reported to the I.R.S., business owners are often on the honor system.
- datavirtue 8y agoWealthy will never pay tax. Owners do not pay tax, the people who buy thier products pay the taxes which are built into profit models. If it was a question of fairness everyone would be the owner. Governments should spend only what they can collect. They can't face budget shortfalls unless they are lending in the hopes that taxes flow as they are. States are still trying to recover from borrowing against tax revenue in the 90s.
- s73v3r_ 8y agoI'm not being hyperbolic. And if they are unable to do their jobs, that is quite dangerous, because then we will no longer have revenues to operate as a country.