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On the 58th day of this year’s shorter 60-day legislative session Nebraska State Senators debated the Governor’s actual tax plan. That plan was amended into the Revenue Committee’s shell bill
737,734,941,858 Reasons...and Still Counting: Why a Flat Tax IsNeeded To Reform The IRS
“(IRS) cuts have seriously undermined the agency's ability to administer tax laws in a fair and effective manner,” a recent TRAC report wrote. “At the same time, Congress has handed the IRS new responsibilities, including coping with major changes to the tax law and sending out repeated rounds of stimulus payments to millions of taxpayers.” Tax experts and watchdogs have warned the incentive to cheat – especially among high-earners and corporations - has grown as the audit rates have fallen. And they say it could cost the government up to a trillion dollars in annual revenue...
In the last decade, your chances of getting audited have shrunk from slim to virtually none.
“(IRS) cuts have seriously undermined the agency's ability to administer tax laws in a fair and effective manner,” a recent TRAC report wrote. “At the same time, Congress has handed the IRS new responsibilities, including coping with major changes to the tax law and sending out repeated rounds of stimulus payments to millions of taxpayers.” Tax experts and watchdogs have warned the incentive to cheat – especially among high-earners and corporations - has grown as the audit rates have fallen. And they say it could cost the government up to a trillion dollars in annual revenue...