Wednesday , August 10 2022

How about abolishing the IRS?: David Asman



‘Fox Business Tonight’ host David Asman discusses how Democrats are pushing to give the IRS more power and funding.

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42 comments

  1. I advocated for this for a long time except actually 10% but at first 20% but year by year going down towards 10% and flat tax rate, this will eliminate all debts and tax evasion

  2. Yes put the IRS out I am all for that.

  3. Take it one step further, abolish the Fed.

  4. The words simple and fair do not belong in the same sentence when discussing income taxes. $8,000 is a real burden to someone making $40,000. $80,000 is not a burden to someone making $400,000.
    Then there are the incentives to purchase electric cars or to invest in economic opportunity zones.
    The carrots are an important part of our tax system. There are too many to count.

  5. Mr. Asman, you just might be on to something…

  6. Flat tax on all purchases would apply to EVERYONE including the illegals & those that don’t ever pay taxes. Those high income people wanna buy more stuff also pay more. Win-Win!

  7. Or teach Americans HOW to use their RIGHTS under HJR192 and Public Law 73-10. Put the IRS to work doing what they should be doing! Read the forms PEOPLE! Publication 1212. 1099A. 1099 OID
    WAKE UP!

  8. Show me the law, statute or code that mandates anyone to pay taxes.
    When you find it, I will let you know how to claim the $200k for finding something that does not exist.

    The IRS is a scam. This clown wants you to pay more.
    Time to wake up folks.

  9. Is taxation theft? Do you want the theft to stop?

  10. Go ahead and get rid of the IRS.

  11. How about doing an audit first? All of them… The IRS, The Federal Reserve, The US Treasury, et al. Follow the money!

  12. I agree 💯%. Abolish IRS

  13. Yes Yes Yes,, That would be great,, ,

  14. Totally agree, no MORE IRS, NO MORE CUA, NO MORE FBI, NIH, CDC, FDA, ETC. ALL THE MONEY THE GOVERNMENT WOULD SAVE ON THISE HIGH PAYROLLs

  15. How about abolishing the Democrats

  16. If they did abolish the IRS we all would be wealthy 😁 and wouldn't that be wonderful.

  17. Yeah, you had me until you said flat 20% tax! Exempt the first $20,000 "or so"? No, I doubt very seriously that you understand what it's like for a family of 4 living on $30-$40,000 a year in today's economy. Do you know how much child care is? And I don't want to hear anybody talked about free daycare! Head Start is a nightmare! So are public schools I wouldn't trust those people with my dog.
    A Flat tax rate is fine, I'm all for it, but it should be incremental – lower rate to higher. Very high incomes should be above 20%. People earning real good money think 20% is great, because it's less than they pay now. When you're poor 20% is too much. I think people who've been making good money for a long time have no concept of what "being poor" actually means and the income levels used by the government to define poverty are WAY too low! Do these people know how much housing costs now? I know they understand food prices are high, but I doubt dude like this announcer pay attention to the cost of the food they buy. Does he know what it's like to agonize over whether you can afford to buy eggs, bread AND milk?
    I don't have a problem with standard or medical bill deductions. I don't know how mortgage interest rate deductions work. In Sweden part or all of the interest from bank loans can be used as some type of deduction.
    I agree 100% that some type of flat tax could be implemented and 100% they could simplify the process. Eliminate all the loopholes that only benefit upper income levels. Flat rate based on income level with standard deductions.

  18. Good luck with this idea. Who will hire all the unemployed IRS auditors, clerks, supervisors or directors?

  19. Flat tax except for……

  20. The only ones paying tax will be the middle class. Rich will hire lawyers to not pay.

  21. Funny how fox completely ignores the 520,000+ jobs report and unemployment below 3.5%.

  22. The Democrats are out of control

  23. JUSTICE JUSTICE JUSTICE
    GET RID OF TAXPAYER'S ROTTEN PARASITES AND THEIR PIMPS EVIL DICTATORSHIP TYRANTS IMPOSTORS CORRUPTS FRAUDULENT EXECUTIONERS MANIPULATORS UNGRATEFUL ABUSERS WITH EXAGGERATED SALARIES PENSIONS VACATIONS BONUSES FOR DOING ABSOLUTELY NOTHING GOOD FOR TAXPAYERS WELFARE THOSE GOVERNMENTAL OFFICES SHOULD BE DEGRADED AND ALL THE UNIONS TOO TO AVOID ANY IMPOSITION DISCRIMINATION INJUSTICES ABUSES CRAPS FAVORITISM MAY GOD BLESS AMERICA'S AWAKENING REVIVALS RALLIES FOR ENJOY
    MAGA MAGA MAGA MAGA MAGA

  24. We don't need the IRS to go after the AMERICAN PEOPLE. 20% TAX ACROSS THE BOARD. THE IRS IS OUT OF CONTROL.

  25. What about that $30 trillion national debt? who is going to pay that?!

  26. Saw a YouTube headline on here a week ago and also a few months ago that had Machin's face on it saying IRS is gone, no more…where are all the lies ending up? Hmmm the liberals are in charge of that.

  27. Think Steve tried that himself as a potus candidate except the rest of his messages got drowned out.

  28. We will never see a politician support a "simplified" tax system. There are just too many Americans who have figured out where their own loopholes are and/or how to hide income. The others have learned how to not pay anything but get a check from the IRS every year.

    In short, don't hold your breath for a simplified tax system and certainly not for abolishing this Frankenstein of an agency.

    IT'S ALIVE!

  29. The idea was to tax money a single time. Not every single step of the way & even in the bank. Bretton Woods is over & “bribe” is defunct. End all tax & allow a 1% one time tax on earnings imo.

  30. This is dumb. The rates aren't the problem and the reason why we have massive volumes of tax laws. The problem is deciding what is considered income. That's what keeps all the tax accountants and attorneys busy. Lobbying to ensure the "income" of certain businesses and individuals is no longer considered income. The rates have nothing to do with it. The exemptions have nothing to do with it. Answer the important question – WHAT IS INCOME – to find out how the wealthy avoid paying taxes. Do you really think Steve Forbes gets a W-2 of any consequence?

  31. Give The GOVERNMENT. N O T H I N G ….. WE ARE NOT HERE TO PAY OUR GOV'T. OUR GOV'T NEEDS TO WORK FOR US!!!

  32. Boy! Your just a racist to abolished the IRS, that is one of the favorite Feds agency the left loonies love to embrace. Besides the FBI and ATF, which could be abolished too as more states have there own type of FBI investagive team in Highway Patrol organization.

  33. Yes and NO! 20% is WAY too much!
    How about the entire "government" be downsized to correct proportions? Then there would be no need for any income tax.
    It would also greatly reduce the amount of abuse suffered by the people at the hands of unaccountable bureaucrats.
    This would be a big win for everyone except the criminals in the "government".

  34. If you have to deal with the IRS its an extremely negative experience. They make the same error every year on our return. Totally dysfunctional.

  35. I'm on board with this man I'm an independent it didn't matter to me up until now whether the candidate was Republican or Democrat. Unfortunately all the stuff that the Democrats have done make me extremely reluctant to vote for somebody that's a Democrat. They have proven that they're two faced and liars. They will promise you all kinds of stuff in order to get voted into office. But when they actually get into office all those promises go right out the window. There are Republicans that are in office right now that I wouldn't vote for.

  36. Just remember all you radicals out there that support this administration this is going to affect you too. I take great pleasure knowing that what Biden is doing right now and will do affects you as well as everybody else. This is what you wanted.

  37. Yes if all citizens have been registered. Aliens citizens who want to be rich for nothing because of nuclear beliefs or spiritual beliefs should be excluded from the country. The question is why the same politicians when is a mandatory election, not a lifelong job.

  38. Constitutional Amendment repealing the Income Tax.
    Replace the Income tax with a National Sales Tax.
    Refund or exemption cards could benefit the poor from being unfairly taxed by the National Sales Tax

  39. It would be nice, but it will never happen. Our government is too corrupt !!!

  40. Brittany is in jail 🎊🎉🥳🤪🤣 it’s a great day for 🇺🇸!