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Blackspeare · 4529 days ago · link · · parent · post: Romney and Bain Capital: The Secrecy is Killing Him
The tax code in the USA is unbelievably complicated. When first introduced it was a small simple tax on total income and even then some very famous people left the USA rather than pay it among them Charlie Chaplin. But as the economy grew, the federal income tax became became a vehicle to grow business, purchase homes, encourage investment, and became mired with loopholes as Congress played to each of their constituency. Eventually the tax code will have to be changed even though they are many sacred cows hidden in the myriad of pages.