- The Alternative Minimum Tax "corrodes" the tax system and democratic process.
- The IRS Is significantly underfunded to serve taxpayers and collect tax.
- The IRS has failed to provide effective and timely assistance to victims of identity theft.
Rather than eliminating the loopholes in the tax code that allow high income individuals to avoid paying taxes, Congress created a complicated alternative tax system that became the AMT.
Congress has created a new tax-deferred savings account, the ABLE account. Here are the details.