If small business owners aren’t paying the taxes they legally owe, they should have to be penalized. But the focus isn’t going to be on small business owners but rich people with complicated tax structures, like I have. I pay the taxes owed so I’m not worried.LOL…. Biden and the Democrats Congress had two years to seize your assets and those of your fellow wealthy Americans, yet they chose not to.
All those extra IRS agents are coming for the small business owners and hardworking middle class taxpayers because these folks can’t afford a platoon of tax lawyers to maximize tax shelters, nor do they have the clout of high paid lobbyists hired by the wealthy to shape the tax codes to their advantage.
You know, you don’t have to take all those deductions if you’re so guilt-stricken at paying so little in taxes.
I don’t mind taking advantage of tax shelters, but that doesn’t mean I think they should exist. That’s like saying I don’t agree with the designated hitter rule so I’m just going to let my pitcher hit anyway. One of the best things Reagan did was the Tax Reform Act of 1986 which eliminated most tax shelters