The Tax Man Runneth

by Paul Dion

The 2016 presidential election is 20 months away and candidates are already campaigning in early primary states like Iowa and New Hampshire. If it seems like some of them have been running since the last election, it’s probably because they have.

There’s one candidate running for the Republican nomination who you may not know. His name is Mark Everson and he’s ready to wage war on a common enemy of all voters — America’s tax system. It’s a topic Everson knows quite well, having served as the Commissioner of Internal Revenue from 2003 to 2007.

Everson, 60, graduated from Yale University before launching a career that has taken him from business to government and back to business again. In 2003, George W. Bush nominated him for the IRS position, which he held for four years. He left to become President and CEO of the American Red Cross. Now he’s vice-chairman for a tax consulting company.

Why is Everson running? He says he wants to make federal tax laws more consistent and less complex (Where have we heard that before?). He would replace the tax for lower-income earners with a value-added tax. “He also says he wants to restructure entitlement programs, including Social Security; set a military draft and system of national service; and break up banks that are poorly managed,” the Associated Press reports.

And what does America’s former top tax collector think of his chances? He’s serious enough to be pouring $250,000 of his own money into the race. “They’re raising serious money, but we’re going to raise serious issues,” he says. “I wouldn’t be doing this if I didn’t believe I’ve got a chance. I think that who becomes president is not up to Wall Street and the fat cats across the country. It’s up to the voters.”

Everson does have one stumble on his resume. In 2007, after six months helming the Red Cross, the board demanded his resignation after he confessed to an affair with a staffer. Everson divorced his wife and, while he hasn’t married his new love, the two are raising their six-year-old son together. “I’ve made mistakes, and I don’t think that that precludes one from going forward and trying to contribute,” he says.

Time will tell whether Everson knows how to translate his IRS experience into a shot at the most powerful job in the world.

Paul Dion CPA CTC
Paul Dion operates a New England Regional CPA practice specializing in Proactive tax planning for Business owners with offices in Millbury, MA and Newport RI. He has been planning and preparing returns for small business and real estate agents for more than 25 years. To help his clients even more, Paul became a Certified Tax Coach in 2010. In his private practice he has helped businesses recover $3,000 to $7,000 or more in wasted tax dollars in a single year and has saved some businesses as much as $25,000 per year in wasted tax dollars.

About 

Paul Dion - Speaker, Author, and Tax Advisor - has been planning and preparing returns for business owners for over 25 years with a specialty in helping real estate agents and investors. His passion is to help business owners legally pay the least amount of tax using court-tested and IRS-approved tax strategies. In addition, he continues to advance service offerings to include income saving strategies designed to deliver higher profits to your business.

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