Part 5: There’s a Simple Way to Force the 1% to Pay Up and Make the Tax System Fairer to Everyone
Our investigative series The Koch Papers illustrates many deep problems in America’s creaky, century-old income tax system, especially how our Congress has through favors to donors has transformed it into has two tax systems, separate and unequal.
These dual systems pose a threat to our nation’s social stability, to our national security and to America remaining a nation of equality under law. But there is a simple solution to this, as we shall see. It requires only that Congress stand up for honest and fair tax law enforcement, not the interests of those major campaign donors who cheat.
One of the most significant lessons applies to William Ingraham Koch and his company whether or not, as his former chief tax executive claims, the IRS failed to curb massive income tax cheating. That’s because if Koch did find a way to lawfully collect more than $100 million in tax-free profits annually it is just as much a public issue as if he did it by cheating.