Credit Card Bill of Rights? We Need a Taxpayer’s Bill of Rights!

by Sal on May 14, 2009

in Economy,Politics

You shouldn’t need a magnifying glass or a law degree to read the fine print that sometimes doesn’t even appear to be written in English.  –Barack Obama

Those words were spoken by The One this morning at a town hall meeting, speaking of the so-called “Credit Card Bill of Rights.”  It is a favorite tactic of the left these days to attach “bill of rights” to some piece of legislation that does nothing but regulate private industry.  In the last several years, we’ve also had a “Patient’s Bill of Rights” and an “Airline Passenger’s Bill of Rights.”  Yet while one can change their credit card company, their airline, and their doctor, one cannot change their tax collector.

Credit card spending is based on personal behavior that can be controlled and managed.  I propose that it is not a credit card bill of rights that we need, but rather a Taxpayer Bill of Rights.  The tax code that we currently have is one of the most oppressive in the world.  We the taxpayers of this nation are at the mercy of the predatory taxing policy of the federal government, and are subject to fines and imprisonment if we make a mistake.  Many of Obama’s statements from today, including the one above, can easily be applied to the tax code.  Therefore, I propose the following “Taxpayer’s Bill of Rights.”

  1. The tax code will be simple enough for the average lay person to read, and easy enough for individuals to complete in a couple of hours, and transparent enough to not have hidden loopholes that can be uncovered in an audit.
  2. The burden of proof for cases of tax fraud and during a tax audit are on the federal government, not on the individual taxpayer.
  3. Probable cause must be shown prior to initiating a tax audit.  If a tax audit is found to be baseless, the federal government will reimburse the taxpayer for the time and expense of the audit.
  4. Success will not be punished by confiscatory tax rates on the producers of society.
  5. No individual or family should ever have to pay more than 1/3 of their household income in taxes of any kind.
  6. The people responsible for managing the Tax Code shall be of the highest integrity, and shall not have had any problems with paying their own taxes in the past.
  7. Congress shall not engage in double-taxation via the Corporate Income Tax, dividend taxes, and other double-taxes.
  8. Congress shall not tax gains made on investments in this nation’s economy via Capital Gains.
  9. Congress shall tax the citizenry only what is needed to fund the necessary powers of Congress as enumerated in the Constitution.
  10. Congress shall not spend more than is taken in by taxes, and create a balanced budget every year with full transparency available to the citizenry.

A “bill of rights” such as this would end many of the problems found in the tax code.  Which of these do you like?  What would you change in this list, and what would you add or remove?  Chime in with suggestions.

{ 5 comments… read them below or add one }

Mike May 14, 2009 at 5:21 pm

Your taxpayer bill of rights is too long and taxes too much. I’ll see your 1/3 and lower to 1/10.


Sal May 14, 2009 at 5:34 pm

Baby steps…


Chris May 14, 2009 at 5:39 pm

Well stated…

In reference to the Credit Card Bill of Rights we don’t need, this advice to consumers should be given (and followed) in lieu: If you can’t afford the product or can’t make the payments, don’t sign up for the card or buy the product!

Many people don’t get this and that’s why their credit rating are so low.


Mike May 14, 2009 at 7:37 pm

So items 1, 9 and 10 are baby steps? Fat chance. If you can dream big, so can I.


UNRR May 15, 2009 at 7:03 am

This post has been linked for the HOT5 Daily 5/15/2009, at The Unreligious Right


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