GOP Loves Tax Cuts: For the top 1-2% like the 2017 Trump-GOP Tax Cut Proves

GOP Motto: I pad your tax returns all the time

(You fill my campaign coffer at election time)

Excellent and timely article here from The Guardian with this headline:

“U.S. wealthiest 1% failing to pay $160 billion a year in taxes, report finds”

The wealthiest 1% of Americans are responsible for more than $160 billion of lost tax revenue annually – (cite: U.S. Treasury Department report).

Natasha Sarin, deputy assistant secretary for economic policy, said: “A well-functioning tax system requires that everyone pays the taxes they owe.”

According to the report, the wealthiest 1% of U.S. taxpayers are responsible for an estimated $163 billion in unpaid taxes each year – that amounts to some 28% of the “tax gap.”

Sarin further said: “That tax gap, the difference between taxes that are owed and collected, amounts to around $600 billion annually and will mean approximately $7 trillion in lost tax revenue over the next decade.”

Related: The Biden administration proposes closing that tax gap by empowering the IRS to more aggressively pursue unpaid taxes, at a cost of $80 billon in the process helping fund Biden’s ambitious domestic economic agenda.

My 2 Cents: Hell, why not? Those taxpayers – or, tax evaders depending on your view – made tons of money in the country they profess to love as a patriot.

So, why can't they be like all taxpayers and pay their fair share? A simple fair premise, isn’t it? I think so.

I pay my fair share – and I’m sure you do, too. So why can't the top crust pay their fair share instead of skating through those giant GOP tax loopholes? 

Seems like an easy fix to me.

Thanks for stopping by.