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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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Reader Comments (12)

Jan 16, 2013 at 12:37 AM | Registered CommenterDailyBail
Jan 16, 2013 at 12:38 AM | Registered CommenterDailyBail
Jan 16, 2013 at 12:46 AM | Registered CommenterDailyBail
Jan 16, 2013 at 12:49 AM | Registered CommenterDailyBail
Why No Changes on JPMorgan's Board Post-Whale?

By Jonathan Weil

Jan 16, 2013 at 12:50 AM | Registered CommenterDailyBail
Jan 16, 2013 at 12:51 AM | Registered CommenterDailyBail
Jan 16, 2013 at 12:51 AM | Registered CommenterDailyBail
But that won't help their buddies.
Jan 16, 2013 at 9:31 AM | Unregistered CommenterS. Gompers
EVERETT, Mass. (AP) - The principal of a Massachusetts high school was suspended Tuesday for two days without pay for appearing in a spoof of "The Terminator" movies that was shown to students, which some people thought was inappropriate.

Everett High School Principal Erick Naumann, as well as the teacher who made the video, received equal punishments, the office of Superintendent Frederick Foresteire confirmed. Naumann could have been fired.

The video was a way for the new principal to introduce himself to students. It shows him walking through the empty school dressed in dark sunglasses and a leather jacket, similar to Arnold Schwarzenegger's character in the movies, and terrorizing a woman. The video was interspersed with scenes from the movies, including a burning playground and explosions. When a teacher asks the principal what has happened to everyone, Naumann replies that they have been "naumannated."

Jan 16, 2013 at 1:00 PM | Registered CommenterDailyBail
"It's Official: Worst. Congress. Ever."
A friend sent this to Me

I think the following letter to the Editor at the Minneapolis Star Tribune that A friend sent this to me, is an accurate description of the American Electorate and the results of their apathetic attitude about the future of this country.

"Let's look at what we have learned from this election:
Twenty-one of 22 incumbent senators were re-elected, and 353 of 373 incumbent members of the House were re-elected. The American people have re-elected 94 percent of the incumbents who were running for re-election to an institution that has an approval rating of about 9 percent. This indicates, as an electorate, we are a nation of idiots. We're now stuck with the useless, dysfunctional government that we deserve.

You can't fix stupid..."
Jan 16, 2013 at 2:20 PM | Unregistered CommenterSagebrush
Sage, With the ongoing robbery with the consent of our lawmakers, everything from interest rate manipulation to outright theft of people's homes to money laundering and gun running it would not surprise me at all to find that the elections were also. There is nothing that these folks would not do.
Jan 16, 2013 at 3:19 PM | Unregistered CommenterSKINFLINT

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