Word: egger
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Dates: during 1980-1989
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...like Treasury Secretary Donald Regan (once a financier), Internal Revenue Commissioner Roscoe Egger (an accountant) and former Assistant Treasury Secretary John Chapoton (a lawyer), who in past incarnations tried to exploit tax loopholes and shelters for moneyed clients, have taken the case for Uncle Sam. They are now troubadours for the national purpose through tax reform, and they have captured the patriotic fervor of Ronald Reagan. One of the reasons that the President agreed to switch the portfolios of Regan and White House Chief of Staff James Baker was to get maximum horsepower behind his drive for tax reform...
...code, which takes up 33 feet of shelf space and has enough shadowy havens to hide almost anything. "It was easier to get tax legislation than take other action," says Chapoton. Before long, the U.S. tax system was setting industrial policy. "Investments were being based on tax considerations," explains Egger. "Prices in real estate became of no concern. Tax benefits were being sold." Decisions in business, Egger points out, "should be based on economics, not on taxes." The overhaul proposed by Treasury, says Tax Scholar Charles McLure, who was a principal draftsman, is "a free-market manifesto." Ronald Reagan...
...France, Italy, Argentina and many other nations, tax evasion is a way of life. Their economies and standing in the world are significantly affected by that lack of citizen commitment. "If that ever happens here," warns Egger, "it will be almost impossible to turn back...
...dubious honor, Egger makes $70,800 a year and has the odd pleasure of living all the time among the tax tables. He loves it. He is one of the world's great orderers, sorters and Roscoe Egger waiting for returns storers of paper, and the IRS process ranks
among the top challenges to modern computer designers. Though IRS woes are well catalogued, less understood is the fact that the U.S. tax system remains the most efficient of any major society's, costing only 470 to raise each $100. Egger hopes that in a year or two all forms will be read by optical scanners and instantly checked, a development that may terrorize the wicked into righteousness...