By tossing the U.S. Income Tax Code into Boston Harbour, we may well be making the strongest statement against an unfair tax system since 1773 when a group of hostile colonists rebelled against the British Crown and dumped 342 chests of tea into this same harbour, from this same spot. Congressman Tauzin addresses NRST supporters at the Tax Tea Party rally. The federal government's outdated, flawed, and unfair income tax system has become a nightmare for all Americans, Congressmen Schaefer and Tauzin charged. Tax preparers and income tax experts who routinely testify before Congress admit that even they do not fully understand all of the provisions and ramifications of the Internal Revenue Code. Not only is the present income tax confusing, but it's also unfair, according to the group of congressional reforms.
Studies indicate that the cost of compliance is staggering.
None of this time is for productive enterprises that actually add to the social, economic, or moral well-being of our society. Under the present code, American income is taxed coming and going. Supporters of the landmark legislation predict it will create thousands of new jobs in America and provide a huge economic advantage for American-made products marketed around the world. Under our bill, the same products would leave at cost plus 15 percent. The Internal Revenue Service is de-authorized, as of FY 2001, allowing time to close out previous tax years.