Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge.
Americans spend over $500 billion per year defending themselves against the IRS.
That’s spitting distance from the $800 billion the Defense Department spends protecting us against foreigners—well, failing to protect, in the case of the border.
So, forget Ukraine. Forget ISIS. The calls are coming from inside the house.
The number comes from my based colleague Richard Stern, who reports on a new Tax Foundation study that the income tax costs Americans $546 billion per year in compliance alone. Compared to
our national defense budget of $849 billion, which is supposed to protect the American people
yet completely fails to protect us from the IRS.
Note this $546 billion is on top of the $4.9 trillion the IRS actually took from us in taxes. And, of course,…
