this post was submitted on 08 Oct 2025
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[–] bizarroland@lemmy.world 1 points 2 days ago* (last edited 2 days ago) (2 children)

I mean, I'm pretty sure that petty tax dodging happens even amongst the poorest of people, but if you look at what you would get out of going after the perpetrators, doing things like closing tax loopholes and instituting a VAT, things like that, would do more to solve the problem than auditing every single family that makes under $70,000 a year and finding out where they have made mistakes, accidental or otherwise, in their tax filings.

Instituting a corporate flat tax on any company that has revenues of over $500 million a year would put hundreds of billions of dollars into the federal economy.

With that money, corporations would actually save quite a bit of money because they wouldn't have to hire so many freaking accountants, and that much income could take care of the $1.6 trillion student loan debt crisis in half a decade.

After that was taken care of, it could all be thrown into Social Security and take care of that looming crisis. It would alleviate so many financial concerns from the country that it's actually concerning that we are not even beginning to consider doing such a thing.

[–] TubularTittyFrog@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

Yep. Great comment.

Tax enforcement has costs. Some taxes cost more than others to institution, and tax enforcement makes zero sense for poor people where the cost of enforcement exceeds the revenue.

Which is precisely why the IRS has been so gutted, because a broke IRS has no money to audit rich people who are doing massive, illegal, and blatant tax evasion systematically.

And the media focuses on what people buy with food stamps as if they should only be able to buy beans with them.

[–] Madison420@lemmy.world 2 points 2 days ago

Agreed.

Agreed.

Agreed.

Also agreed.