America’s biggest fiscal challenge is excessive government spending. The public sector is far too large today and it is projected to get much bigger in coming decades. But the corrupt and punitive internal revenue code is second on the list of fiscal problems. This new video, narrated by yours truly and produced by the Center for Freedom and Prosperity, explains how a flat tax would work and why it would promote growth and fairness.
There are two big hurdles that must be overcome to achieve tax reform. The first obstacle is that the class-warfare crowd wants the tax code to penalize success with high tax rates. That issue is addressed in the video in a couple of ways. I explain that fairness should be defined as treating all people equally, and I also point out that upper-income taxpayers are far more likely to benefit from all the deductions, credits, exemptions, preferences, and other loopholes in the tax code. The second obstacle, which is more of an inside-the-beltway issue, is that the current tax system is very rewarding for the iron triangle of lobbyists, politicians, and bureaucrats (or maybe iron rectangle if we include the tax preparation industry). There are tens of thousands of people who make very generous salaries precisely because the tax code is a playground for corrupt deal making. A flat tax for these folks would be like kryptonite for Superman. But more than two dozen nations around the world have implemented a flat tax, so hope springs eternal.
Talking about punishing the “rich”, often just for the sake of it. Here’s a factoid.
Punish the rich, even if it costs the IRS more:
The IRS admits that it costs them less to process an electronically filed tax return. Yet they charge you for the service if you make more than 57K.
So the purpose is what? To punish the rich (well… those making more than 57K)? By making them either pay a fee or go through the trouble of filing a paper tax return; EVEN IF doing so obviously results in less revenue being collected because of the extra IRS cost. I guess “another matter of fairness…”
Excellent Video. This is not rocket science regarding how IRS operates.
But, who pays attention to the IRS? Only during tax time and thats when people scream and shout. Blame the Government
[...] an avid supporter of a flat tax and market pricing, I have no objection to these policies. Indeed, I would love to get rid of the [...]
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[...] image. Leading up to this slide, I talk about the Armey/Forbes flat tax and explain that it would eliminate the corrupt internal revenue code and replace it with a simple 10-line postcard. But I then warn that simplicity is not the same as low taxes and show the Obama [...]
[...] image. Leading up to this slide, I talk about the Armey/Forbes flat tax and explain that it would eliminate the corrupt internal revenue code and replace it with a simple 10-line postcard. But I then warn that simplicity is not the same as low taxes and show the Obama [...]
[...] image. Leading up to this slide, I talk about the Armey/Forbes flat tax and explain that it would eliminate the corrupt internal revenue code and replace it with a simple 10-line postcard. But I then warn that simplicity is not the same as low taxes and show the Obama [...]
[...] image. Leading up to this slide, I talk about the Armey/Forbes flat tax and explain that it would eliminate the corrupt internal revenue code and replace it with a simple 10-line postcard. But I then warn that simplicity is not the same as low taxes and show the Obama [...]
[...] image. Leading up to this slide, I talk about the Armey/Forbes flat tax and explain that it would eliminate the corrupt internal revenue code and replace it with a simple 10-line postcard. But I then warn that simplicity is not the same as low taxes and show the Obama [...]
[...] Yet rogue IRS bureaucrats want to impose a regulation to overturn the outcome of the democratic process. Heck, if they really think they have that sort of power, why don’t they do us a favor and unilaterally junk the entire internal revenue code and give us a flat tax? [...]
[...] Yet rogue IRS bureaucrats want to impose a regulation to overturn the outcome of the democratic process. Heck, if they really think they have that sort of power, why don’t they do us a favor and unilaterally junk the entire internal revenue code and give us a flat tax? [...]
[...] Why does this mess exist? The simple answer is that politicians benefit from the current mess, using their power over tax laws to raise campaign cash, reward friends, punish enemies, and play politics. This argument certainly has merit, and it definitely helps explain why the political class is so hostile to a simple and fair flat tax. [...]
[...] Why does this mess exist? The simple answer is that politicians benefit from the current mess, using their power over tax laws to raise campaign cash, reward friends, punish enemies, and play politics. This argument certainly has merit, and it definitely helps explain why the political class is so hostile to a simple and fair flat tax. [...]
[...] Why does this mess exist? The simple answer is that politicians benefit from the current mess, using their power over tax laws to raise campaign cash, reward friends, punish enemies, and play politics. This argument certainly has merit, and it definitely helps explain why the political class is so hostile to a simple and fair flat tax. [...]
[...] Why does this mess exist? The simple answer is that politicians benefit from the current mess, using their power over tax laws to raise campaign cash, reward friends, punish enemies, and play politics. This argument certainly has merit, and it definitely helps explain why the political class is so hostile to a simple and fair flat tax. [...]
[...] Why does this mess exist? The simple answer is that politicians benefit from the current mess, using their power over tax laws to raise campaign cash, reward friends, punish enemies, and play politics. This argument certainly has merit, and it definitely helps explain why the political class is so hostile to a simple and fair flat tax. [...]
[...] Why does this mess exist? The simple answer is that politicians benefit from the current mess, using their power over tax laws to raise campaign cash, reward friends, punish enemies, and play politics. This argument certainly has merit, and it definitely helps explain why the political class is so hostile to a simple and fair flat tax. [...]
[...] this desire for administrative simplicity is why the flat tax adopts the latter approach (this choice does not exist with a national sales tax since the [...]
[...] this desire for administrative simplicity is why the flat tax adopts the latter approach (this choice does not exist with a national sales tax since the [...]
All the GOVT. knows what to is spent money;not make it.The cash cow is over: The flat tax is the way to go. If the money is not there they can not spend it///
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] alternative approach, by contrast, seeks better compliance by lowering tax rates and reforming/simplifying tax systems. This course of action boosts compliance by making evasion and avoidance less attractive. People [...]
[...] readers occasionally give me a hard time about devoting a lot of time and effort to promoting the flat tax, while not paying enough attention to the national sales tax. I’ve explained that this is [...]
[...] Ideally, we should junk the corrupt internal revenue code (and the corporate side of the tax code makes the personal tax code seem simple by comparison) and replace it with a simple and transparent system such as the flat tax. [...]
[...] Ideally, we should junk the corrupt internal revenue code (and the corporate side of the tax code makes the personal tax code seem simple by comparison) and replace it with a simple and transparent system such as the flat tax. [...]
[...] complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat tax, and Ryan’s plan will take an important step in that direction with lower tax rates, less [...]
[...] complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat tax, and Ryan’s plan will take an important step in that direction with lower tax rates, less [...]
it seems like the flat tax proposal is really two things: a simplification of the code/removal of loopholes and giving everyone the same rate.
would it be possible to get the benefits of removing the loopholes and simplifying the code while still having a progressive tax structure? this video makes a good argument for the former, but does not focus enough on the latter.
[...] complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat tax, and Ryan's plan will take an important step in that direction with lower tax rates, less double [...]
[...] complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat tax, and Ryan’s plan will take an important step in that direction with lower tax rates, less double [...]
[...] Yet rogue IRS bureaucrats want to impose a regulation to overturn the outcome of the democratic process. Heck, if they really think they have that sort of power, why don’t they do us a favor and unilaterally junk the entire internal revenue code and give us a flat tax? [...]
[...] been a big proponent of the flat tax, which would mean one low tax rate, no double taxation of savings, and no corrupt loopholes. But [...]
[...] been a big proponent of the flat tax, which would mean one low tax rate, no double taxation of savings, and no corrupt loopholes. But [...]
[...] P.S. It’s also important to understand that a “deduction” in the business tax code does not imply loophole. If you remember the correct definition of business income (total revenue minus total costs), this means a business gets to “deduct” its expenses (such as wages paid to workers) from total revenue to determine taxable income. Some deductions are loopholes, of course, which is why a simple, fair, and honest system should be based on cash flow. Which is how business are treated under the flat tax. [...]
[...] P.S. It’s also important to understand that a “deduction” in the business tax code does not imply loophole. If you remember the correct definition of business income (total revenue minus total costs), this means a business gets to “deduct” its expenses (such as wages paid to workers) from total revenue to determine taxable income. Some deductions are loopholes, of course, which is why a simple, fair, and honest system should be based on cash flow. Which is how business are treated under the flat tax. [...]
[...] fair, and honest system should be based on cash flow. Which is how business are treated under the flat tax. Daniel J. Mitchell • April 28, 2011 @ 8:49 am Filed under: Government and [...]
[...] even if lawmakers have good motives (i.e., pursuing real tax reform such as the flat tax) when looking to get rid of special tax breaks, they need to understand what’s actually a [...]
[...] even if lawmakers have good motives (i.e., pursuing real tax reform such as the flat tax) when looking to get rid of special tax breaks, they need to understand what’s actually a [...]
I’d like to take an opportunity to offer a criticism of a consumption-based tax: First, consumption is the flip-side of production, so a consumption-based tax is little more than an income tax in reverse; in fact, it really is just an income tax with a savings deduction. While taxing consumption instead of production might seem reasonable, even more economically efficient, I fear that to do so – especially in today’s age – would further invite importers that can undercut domestic producers.
Another reason I often hear bandied about is that it would bring black market dollars into government coffers, but that argument is disingenuous: buyers of illicit goods buy them with after-tax dollars (unless they’ve found a way to deduct their cost!). If I have to earn $120 to buy $100 dollars of illegal goods or services, then simply switching to a consumption-based tax (assuming the provider of said illegal goods and services collects sales tax, which I find dubious) shifts the tax revenue from the buyer to the seller; it doesn’t create “new” revenue.
Another reason I am skeptical of a consumption-based tax, the FairTax especially, is that it offers “pre-bates”. This ties in to your video presentation: I am inclined to reject any tax system that provides refundable credits, either to individuals or companies. You mentioned a refund on the individual tax “card” (well played!, BTW). Does this include any form of the EIC? I am also not sure how to treat business losses, especially given calendar-year limitations.
I appreciate any feedback.
[...] good example of why we should junk the corrupt, punitive, and unfair tax code and replace it with a simple flat tax. With no double taxation and a single, low tax rate, we would know that rich people were paying the [...]
[...] good example of why we should junk the corrupt, punitive, and unfair tax code and replace it with a simple flat tax. With no double taxation and a single, low tax rate, we would know that rich people were paying the [...]
[...] good example of why we should junk the corrupt, punitive, and unfair tax code and replace it with a simple flat tax. With no double taxation and a single, low tax rate, we would know that rich people were paying the [...]
[...] good example of why we should junk the corrupt, punitive, and unfair tax code and replace it with a simple flat tax. With no double taxation and a single, low tax rate, we would know that rich people were paying the [...]
Lawyers and CPAs who spent tons of money, time and effort to build careers feel threatened by the flat tax. Large numbers of universities and other educational institutions have huge programs and many faculty who make their living teaching others the tax code and legal matters. Please make a video explaining the impact on them. Would the flat tax be implemented immediately on one fixed, effective date or be phased into use? Does the government assist them in building new careers and moving to new locales, or are they simply left to do this on their own “one fine day?”
[...] well done. Given my video on the flat tax, as well as my video on the global flat tax revolution, you probably are not surprised by my [...]
[...] the benefit of real tax reform such as a flat tax. You get a low tax rate, but you also get rid of double taxation so that the IRS only gets one bit [...]
[...] been a big proponent of the flat tax, which would mean one low tax rate, no double taxation of savings, and no corrupt loopholes. But [...]
http://arch.eece.maine.edu/ece473/index.php/All_New_Kidney_Diet,” Thanks for that awesome posting. It saved MUCH time
[...] been a big proponent of the flat tax, which would mean one low tax rate, no double taxation of savings, and no corrupt loopholes. But [...]
[...] For more information, here’s my flat tax video. [...]
[...] For more information, here’s my flat tax video. [...]
[...] When I think about taxes, my first instinct is to rip up the corrupt internal revenue code and implement a simple and fair flat tax. [...]
[...] noting at this point that FATCA only exists because of bad tax law. If the United States had a simple and fair flat tax, there would be no double taxation of income that is saved and invested. As such, the IRS [...]
[...] noting at this point that FATCA only exists because of bad tax law. If the United States had a simple and fair flat tax, there would be no double taxation of income that is saved and invested. As such, the IRS [...]
[...] noting at this point that FATCA only exists because of bad tax law. If the United States had a simple and fair flat tax, there would be no double taxation of income that is saved and invested. As such, the IRS [...]
[...] noting at this point that FATCA only exists because of bad tax law. If the United States had a simple and fair flat tax, there would be no double taxation of income that is saved and invested. As such, the IRS [...]
[...] fairness doesn’t mean treating everyone equally by adopting a flat tax. Instead, it means a class-warfare policy of higher tax [...]
[...] like us to think that adopting Policy A or repealing Policy B is a magic elixir. And if that means adopting a flat tax or repealing Obamacare, I’ll certainly be [...]
[...] been a big proponent of the flat tax, which would mean one low tax rate, no double taxation of savings, and no corrupt loopholes. But [...]
[...] right approach, needless to say, is libertarianism. Small government and low tax rates are the pro-growth, pro-freedom recipe. That’s the one part of the Table that’s right [...]
[...] But I don’t have any problem with telling the truth. America should have a simple and fair flat tax. [...]
[...] But I don’t have any problem with telling the truth. America should have a simple and fair flat tax. [...]
[...] Not surprisingly, I testified that the ideal tax system should have the lowest-possible rate, no double taxation of income that is saved and invested, and no corrupt and inefficient loopholes. In other words, a flat tax. [...]
[...] but not least, taxpayers get a big reward from Senator Paul’s budget with a simple and fair 17 percent flat tax. This pro-growth policy is desperately needed to boost the economy and improve competitiveness. And [...]
[...] not interested in protecting the interests of the tax preparation industry. Indeed, I want a simple and fair flat tax, which would decimate all tax preparation firms. But I don’t want the thugs at the IRS to [...]
[...] I’m not interested in protecting the interests of the tax preparation industry. Indeed, I want a simple and fair flat tax, which would decimate all tax preparation firms. But I don’t want the thugs at the IRS to decide [...]
When I had my taxes done, I mentioned a flat tax. My preparer went nuts. She told me I would pay more under a flat tax than I do now. The rich would pay less, and the poor would pay more. The flat tax evens the playing field. I was told I pay about 6 percent of my taxes now. Under a flat tax it would turn into 17 percent. Whats fair about that. Check for yoyrself and se if I’m not telling the truth
[...] Did that mean he wanted to reduce America’s punitive and anti-competitive corporate tax burden? Or maybe even fix the entire tax code and install a simple and fair flat tax? [...]
[...] 2. One preferable feature of the Rand Paul budget is that the Kentucky Senator eliminates four needless and wasteful federal departments – Commerce, Education, Energy, and Housing and Urban Development. As far as I can tell, no departments are eliminated in the RSC plan. Also, Senator Paul’s plan is bolder on tax reform, scrapping the corrupt internal revenue code and replacing it with a simple and fair flat tax. [...]
[...] 2. One preferable feature of the Rand Paul budget is that the Kentucky Senator eliminates four needless and wasteful federal departments – Commerce, Education, Energy, and Housing and Urban Development. As far as I can tell, no departments are eliminated in the RSC plan. Also, Senator Paul’s plan is bolder on tax reform, scrapping the corrupt internal revenue code and replacing it with a simple and fair flat tax. [...]
[...] do the flat tax and national sales tax (and even the value-added tax) have in [...]
[...] in the U.S., Ireland, or anywhere in the world, there are two simple answers. First, enact a simple and fair flat tax to keep rates low. Second, shrink government to its proper size, which will automatically reduce [...]
[...] in the U.S., Ireland, or anywhere in the world, there are two simple answers. First, enact a simple and fair flat tax to keep rates low. Second, shrink government to its proper size, which will automatically reduce [...]
[...] this as a sign that the tax code was too onerous and should be replaced with something like a flat tax, they decided to enact a law to ransack people as they crossed the [...]
[...] would be nice to have a simple and fair system like the flat tax, requiring a 10-line return that can fit on a postcard. But be wary of some “simple” [...]
[...] Statists used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax system. [...]
[...] told me that I magically had the power to flick a switch and give the country a flat tax, but that simple and fair tax system would only be possible if the rate was set high enough to give the government an extra $100 billion [...]
[...] this awful period leading up to tax day, isn’t it nice to at least dream of a tax system that is simple, fair, and non-corrupt? Rate this: Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike [...]
[...] I think high tax rates on certain classes of citizens are immoral and discriminatory. If the government is going to collect revenue, all taxpayers should be treated equally, with something akin to a simple flat tax. [...]
[...] I think high tax rates on certain classes of citizens are immoral and discriminatory. If the government is going to collect revenue, all taxpayers should be treated equally, with something akin to a simple flat tax. [...]
[...] The IRS Commission admitted the tax code is a complicated mess and that he pays someone else to compile his tax return – yet he dodged a question about whether Congress should fix the mess with something like a flat tax. [...]
[...] good tax system (like the flat tax) does not impose extra layers of tax on income that is saved and [...]
[...] good tax system (like the flat tax) does not impose extra layers of tax on income that is saved and [...]
[...] blog, one of my goals in Slovakia is to convince the new socialist government not get to rid of the flat tax. Sadly, I think it’s a lost cause, just like in the Czech Republic (where taxpayers are [...]
[...] offer myself as an example. When the flat tax became a big issue in the 1990s and I started giving lots of speeches about tax reform, I would [...]
[...] been a big proponent of the flat tax, which would mean one low tax rate, no double taxation of savings, and no corrupt loopholes. But [...]
[...] I think high tax rates on certain classes of citizens are immoral and discriminatory. If the government is going to collect revenue, all taxpayers should be treated equally, with something akin to a simple flat tax. [...]
[...] want good tax policy, like the flat tax, regardless of what’s happening in other nations. But it says a lot (and none of it good) [...]
[...] great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of [...]
[...] fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] Sweden adopts a flat tax and figures out how to cancel winter, I may have to move [...]
[...] great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable [...]
[...] in a victory for the supposedly conservative party, so what did the new government announce? A flat tax to boost growth? Sweeping deregulation to get rid of the absurd rules that strangle [...]
[...] in a victory for the supposedly conservative party, so what did the new government announce? A flat tax to boost growth? Sweeping deregulation to get rid of the absurd rules that strangle [...]
[...] conservative party, so what did the new government announce? A flat tax to boost growth? Sweeping deregulation to get rid of [...]
[...] a “growth” plan. Did this mean they were cutting taxes, or perhaps even implementing flat tax reforms? Did this mean slashing the burden of red tape? What about pension reform? Or cutting back the [...]
[...] politicians would respond by junking the tax code and adopting a flat tax, which has no double taxation of income that is saved and invested. But good politicians are like [...]
[...] Sweden adopts a flat tax and figures out how to cancel winter, I may have to move [...]
[...] scenarios where that might occur, including giving the politicians more money in exchange for a flat tax or giving them additional revenue in exchange for real entitlement [...]
[...] scenarios where that might occur, including giving the politicians more money in exchange for a flat tax or giving them additional revenue in exchange for real entitlement [...]
[...] in the U.S., Ireland, or anywhere in the world, there are two simple answers. First, enact a simple and fair flat tax to keep rates low. Second, shrink government to its proper size, which will automatically reduce [...]
[...] I want to see a flat tax, not only for the pro-growth impact of lower tax rates, but also because it gets rid of the internal [...]
[...] is correct, I believe, and I cited myself as an example. When the flat tax became an issue in the 1990s, I gave lots of speeches, and I pontificated about lower marginal tax [...]
[...] to emulate the successful fiscal policies of Hong Kong and Singapore. Estonia already has a flat tax, which is very important for competitiveness. The key goal should be to impose a spending cap, [...]
[...] the burden of the public sector is only about 20 percent of GDP. …Estonia already has a flat tax, which is very important for competitiveness. The key goal should be to impose a spending cap, [...]
[...] did things that advanced freedom. So Hollande could upgrade his car if he gave the French people a flat tax. And Boehner could take the private jet out of mothballs if he allowed Americans to shift their [...]
[...] is correct, I believe, and I cited myself as an example. When the flat tax became an issue in the 1990s, I gave lots of speeches, and I pontificated about lower marginal tax [...]
[...] So rather than trying to squeeze more blood from an unwilling stone, maybe the Italian government should junk the current tax code and adopt a simple and fair flat tax. [...]
[...] So rather than trying to squeeze more blood from an unwilling stone, maybe the Italian government should junk the current tax code and adopt a simple and fair flat tax. [...]
[...] scenarios where that might occur, including giving the politicians more money in exchange for a flat tax or giving them additional revenue in exchange for real entitlement [...]
[...] for the flat tax because I don’t want government to discriminate based on how people earn their income, how [...]
[...] for the flat tax because I don’t want government to discriminate based on how people earn their income, how they [...]
[...] I frequently say that they should be worried about “onshore” nations adopting the flat tax. Sadly, there’s no short-run possibility of replacing the corrupt tax system in America, so [...]
[...] and workers are the biggest victims. So let’s junk the internal revenue code and adopt a simple and fair flat tax. Rate this:Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike [...]
[...] But these mitigating factors don’t change the fact that the U.S. needlessly punishes saving and investment, and workers are the biggest victims. So let’s junk the internal revenue code and adopt a simple and fair flat tax. [...]
[...] But these mitigating factors don’t change the fact that the U.S. needlessly punishes saving and investment, and workers are the biggest victims. So let’s junk the internal revenue code and adopt a simple and fair flat tax. [...]
[...] tax havens, I frequently say that they should be worried about “onshore” nations adopting the flat tax. Sadly, there’s no short-run possibility of replacing the corrupt tax system in America, so [...]
[...] both the flat tax and national sales tax are based on territorial taxation, and most other countries actually are [...]
[...] and workers are the biggest victims. So let’s junk the internal revenue code and adopt a simple and fair flat tax. Like this:LikeBe the first to like this. By Everette Hatcher III, on August 7, 2012 at 7:13 am, [...]
[...] Wouldn’t it be nice if we could actually have an open and honest debate about real issues, such as entitlement reform? Or how best to fix our corrupt tax system? [...]
[...] In other words, I said we should rip up the wretched internal revenue code and implement a simple and fair flat tax. [...]
[...] is a proponent of the flat tax and can competently discuss not only the importance of low tax rates, but also why double taxation [...]
[...] is a proponent of the flat tax and can competently discuss not only the importance of low tax rates, but also why double taxation [...]
[...] is a proponent of the flat tax and can competently discuss not only the importance of low tax rates, but also why double taxation [...]
[...] To be sure, not all legislation is bad. Now that the Supreme Court has failed in its job, Congress would have to enact a law to repeal Obamacare. Laws also would need to be changed to reform entitlements, or adopt a flat tax. [...]
[...] To be sure, not all legislation is bad. Now that the Supreme Court has failed in its job, Congress would have to enact a law to repeal Obamacare. Laws also would need to be changed to reform entitlements, or adopt a flat tax. [...]
[...] against copying other nations, either when they get one policy right (such as Estonia’s flat tax or Australia’s system of personal retirement accounts), or when they get a bunch of policies [...]
[...] completely harmless old man to jail for something that shouldn’t be illegal (and if we had a flat tax, there would be no double taxation of saving and investment, so it wouldn’t matter for tax [...]
[...] into a 72,000-page monstrosity (this is why I sometimes try to convince honest leftists that a flat tax is a great way of reducing political [...]
[...] Which, of course, meant that Social Democrats prevailed and the Christian Democrats lost power. And, much to my dismay, the Social Democrats are now poised to repeal the flat tax. [...]
[...] I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good tax [...]
[...] in part because he believes in fairness and wants to reduce corruption. But I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good tax [...]
[...] But there are now about 30 nations around the world that have adopted this simple and fair system, so reform isn’t impossible. But it will only happen when voters can convince politicians that they will lose their jobs if they don’t adopt the flat tax. [...]
[...] into a 72,000-page monstrosity (this is why I sometimes try to convince honest leftists that a flat tax is a great way of reducing political [...]
[...] best policy, needless to say, is getting rid of the corrupt tax system and replacing it with a simple and fair flat tax. That obviously wasn’t what Simpson and Bowles decided to propose, but the flat tax is a [...]
[...] best policy, needless to say, is getting rid of the corrupt tax system and replacing it with a simple and fair flat tax. That obviously wasn’t what Simpson and Bowles decided to propose, but the flat tax is a [...]
[...] this awful period leading up to tax day, isn’t it nice to at least dream of a tax system that is simple, fair, and non-corrupt? Rate this:Share [...]
[...] and workers are the biggest victims. So let’s junk the internal revenue code and adopt a simple and fair flat tax. Rate this:Share [...]
[...] I want to see a flat tax, not only for the pro-growth impact of lower tax rates, but also because it gets rid of the internal [...]
[...] had the kind of limited governments that existed 100 years ago, neither nation would even need a flat tax. A few user fees and excise taxes would suffice. Now that’s hope and [...]
[...] had the kind of limited governments that existed 100 years ago, neither nation would even need a flat tax. A few user fees and excise taxes would suffice. Now that’s hope and [...]
[...] right answer is the flat tax. Put in place the lowest-possible tax rate, which is feasible because all loopholes are wiped [...]
[...] I want to see a flat tax, not only for the pro-growth impact of lower tax rates, but also because it gets rid of the internal [...]
[...] To be sure, not all legislation is bad. Now that the Supreme Court has failed in its job, Congress would have to enact a law to repeal Obamacare. Laws also would need to be changed to reform entitlements, or adopt a flat tax. [...]
[...] In the spirit of problem solving, here’s a suggestion for Blankenhorn, Buiter, and the rest of the fiscal chicken hawks. If you really want to undermine the so-called tax havens, propose a simple and fair flat tax. [...]
[...] In the spirit of problem solving, here’s a suggestion for Blankenhorn, Buiter, and the rest of the fiscal chicken hawks. If you really want to undermine the so-called tax havens, propose a simple and fair flat tax. [...]
[...] you want a simple and fair flat tax, Jersey’s 20 percent rate is not bad. And it’s definitely a lot better than the (now) [...]
[...] The one area where the U.S. gets a very poor score, though, is in the “paying taxes” category. This is yet another reason why we should junk the corrupt internal revenue code and replace it with a simple and fair flat tax. [...]
[...] you want a simple and fair flat tax, Jersey’s 20 percent rate is not bad. And it’s definitely a lot better than the (now) 45 [...]
[...] this example. If some academic published a study in favor of the flat tax and it later turned out that the data was deliberately or accidentally wrong, would it be right to [...]
[...] this example. If some academic published a study in favor of the flat tax and it later turned out that the data was deliberately or accidentally wrong, would it be right to [...]
[...] had the kind of limited governments that existed 100 years ago, neither nation would even need a flat tax. A few user fees and excise taxes would suffice. Now that’s hope and [...]
[...] if we replaced the nightmarish income tax with a simple and fair flat tax, the JCT would assume no impact of GDP or jobs. If we went the other direction and doubled all tax [...]
[...] the exception, we need to scrap the healthcare exclusion in the tax code as part of a switch to a simple and fair flat tax. That will help bring some rationality to the health insurance market and address the part of the [...]
[...] his stature, I’m glad that he agrees that the flat tax is the ideal way of reforming the corrupt internal revenue code. Here’s some of what he wrote [...]
[...] But a good overall score doesn’t mean that one nation is better than another in all regards. The United States still ranks above Sweden, even though the Swedes have implemented school choice and personal retirement accounts. And America still ranks above the Slovak Republic, even though that country (at least for now) has a simple and fair flat tax. [...]
[...] here’s the video on the flat tax, which explains why low tax rates are good for economic [...]
[...] they enable people to keep more of the money they earn. The ideal system, of course, would be a simple and fair flat tax. But in the absence of real reform, I don’t want politicians to get rid of preferences if it [...]
[...] a strong believer in fundamental tax reform. We need a system like the flat tax to improve economic [...]
[...] Sweden adopts a flat tax and figures out how to cancel winter, I may have to move [...]
[...] spending reductions, but at least they focused primarily on spending and preserved their attractive flat tax systems. No wonder growth has rebounded in these [...]
[...] The only answer, needless to say, is to throw the entire mess in the trash can and replace it with a simple and fair flat tax. [...]
[...] Simply stated, I’m a big advocate of fundamental tax reform, and I would like to scrap the corrupt internal revenue code and replace it with a simple and fair flat tax. [...]
[...] mais au moins ils se sont concentrés principalement sur les dépenses et ont préservé leur bon système de flat tax. Il n’est donc pas surprenant que la croissance ait rebondi dans ces [...]
[...] exist. Indeed, it’s worth noting that every pro-growth tax reform plan – such as the flat tax or national sales tax – eliminates this pernicious form of double [...]
[...] death tax, it’s worth noting that all the major pro-growth tax reform plans – such as the flat tax or national sales tax – also have no capital gains [...]
[...] even exist. Indeed, it’s worth noting that every pro-growth tax reform plan – such as the flat tax or national sales tax – eliminates this pernicious form of double [...]
[...] it the envy-motivated decisions by politicians in both Slovakia and the Czech Republic to replace flat tax systems with so-called progressive tax regimes? This is a strong candidate for the worst policy of the [...]
[...] Why? Because it’s actually a form of flat tax. [...]
[...] Our number two fiscal problem is a punitive and corrupt tax code (as captured by images here, here, and here). A big part of the solution is a simple and fair flat tax. [...]
[...] In other words, I said we should rip up the wretched internal revenue code and implement a simple and fair flat tax. [...]
[...] the death tax, it’s worth noting that all the major pro-growth tax reform plans – such as the flat tax or national sales tax – also have no capital gains [...]
[...] Why? Because it’s actually a form of flat tax. [...]
[...] a big fan of the flat tax as a way of neutering the punitive and convoluted internal revenue code in [...]
[...] a big fan of the flat tax as a way of neutering the punitive and convoluted internal revenue code in [...]
[...] a big fan of the flat tax as a way of neutering the punitive and convoluted internal revenue code in [...]
[...] a big fan of the flat tax as a way of neutering the punitive and convoluted internal revenue code in [...]
[...] nothing against copying other nations, either when they get one policy right (such as Estonia’s flat tax or Australia’s system of personal retirement accounts), or when they get a bunch of policies [...]
[...] Statists used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax system. [...]
[...] it the envy-motivated decisions by politicians in both Slovakia and the Czech Republic to replace flat tax systems with so-called progressive tax regimes? This is a strong candidate for the worst policy of the [...]
[...] a big fan of the flat tax as a way of neutering the punitive and convoluted internal revenue code in [...]
[...] In other words, I said we should rip up the wretched internal revenue code and implement a simple and fair flat tax. [...]
[...] nothing against copying other nations, either when they get one policy right (such as Estonia’s flat tax or Australia’s system of personal retirement accounts), or when they get a bunch of policies [...]
[...] was very ecumenical in my remarks. I pointed out the flat tax and sales tax (and even, at least in theory, the value-added tax) all share very attractive [...]
[...] was very ecumenical in my remarks. I pointed out the flat tax and sales tax (and even, at least in theory, the value-added tax) all share very attractive [...]
[...] was very ecumenical in my remarks. I pointed out the flat tax and sales tax (and even, at least in theory, the value-added tax) all share very attractive [...]
[...] answer, of course, is a flat tax. Hannan doesn’t explicitly embrace that option, but he does write about the benefits of lower [...]
[...] answer, of course, is a flat tax. Hannan doesn’t explicitly embrace that option, but he does write about the benefits of lower [...]
[...] is one of my favorite countries, and they’ve implemented some good reforms such as the flat tax. But I worry about demographic decline. Plus, I’m a weather wimp and it’s too chilly [...]
[...] Maybe, in a parallel universe where politicians are motivated by liberty, we can even get entitlement reform and a flat tax. [...]
[...] even though the economist in me wants to reduce the burden of government spending and implement a flat tax because such policies will boost growth and lead to higher living standards, I also want those [...]
[...] what irks me about the VAT is not its design (indeed, it shares some key characteristics with the flat tax). What gets me agitated about the VAT is the fact that politicians always seem to treat the tax as [...]
[...] Statists used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax system. [...]
[...] mostly write and talk about the flat tax, though I’d be happy to instead accept a national sales tax if we could somehow get rid of [...]
[...] mostly write and talk about the flat tax, though I’d be happy to instead accept a national sales tax if we could somehow get rid of [...]
[...] I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good tax [...]
[...] Instead, it simply refers to a system where income is taxed only one time. So, for example, a flat tax is a consumption-base tax since income is taxed only one time as it is earned, just as a national [...]
[...] into a 72,000-page monstrosity (this is why I sometimes try to convince honest leftists that a flat tax is a great way of reducing political [...]
[...] I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good tax [...]
[...] there’s also some good tax policy. Not bold tax reform like a flat tax, but top tax rates would be reduced to 25 percent and many forms of double taxation like the death [...]
[...] you could envision a world where those taxes were eliminated and replaced by a flat tax or national sales tax with a very low rate. Perhaps about 5 [...]
[...] P.P.S. To close on a serious point, California would be deteriorating even faster if it wasn’t for the fact that the state and local tax deduction basically means that the rest of the country is subsidizing the high tax rates in the not-so-Golden State. Another good argument for the flat tax. [...]
[...] P.P.S. To close on a serious point, California would be deteriorating even faster if it wasn’t for the fact that the state and local tax deduction basically means that the rest of the country is subsidizing the high tax rates in the not-so-Golden State. Another good argument for the flat tax. [...]
[...] more prosperity is that double taxation of saving and investment is eliminated. With either a flat tax or national sales tax, economic activity is taxed only one time. No death tax, no capital gains [...]
[...] they kept their flat tax systems, showing some appreciation for the common-sense insight that you don’t get more [...]
[...] that the system should only tax income one time, and it’s how income is defined for both the flat tax and national sales [...]
[...] I hate to think that my life has been wasted, but let’s consider several reasons why it’s become more difficult to scrap the Internal Revenue Code and implement a simple and fair system such as the flat tax. [...]
[...] had the kind of limited governments that existed 100 years ago, neither nation would even need a flat tax. A few user fees and excise taxes would suffice. Now that’s hope and [...]
[...] a few days ago about the possibility of replacing the corrupt internal revenue code with a flat tax. Either now or in the [...]
[...] a few days ago about the possibility of replacing the corrupt internal revenue code with a flat tax. Either now or in the [...]
[...] had the kind of limited governments that existed 100 years ago, neither nation would even need a flat tax. A few user fees and excise taxes would suffice. Now that’s hope and [...]
[...] The moral of the story is that reducing the burden of government spending is the right recipe for sustainable and strong growth. Growth also is far more likely if lawmakers refrain from class-warfare tax policy and instead seek to collect revenue in ways that minimize the damage to prosperity. [...]
[...] a big fan of Estonia, which has made big strides thanks to the flat tax and other free market [...]
[...] a big fan of Estonia, which has made big strides thanks to the flat tax and other free market [...]
[...] also explain that this issue isn’t about whether the Internet should be taxed. Indeed, as a fan of the flat tax, I don’t want special favors or special penalties in the tax code. Internet profits and [...]
[…] a big fan of the flat tax, in part because I hate when powerful interest groups use their insider connections to get special […]
[…] a big fan of the flat tax, in part because I hate when powerful interest groups use their insider connections to get special […]
[…] another argument for the flat tax. If there’s no charitable deduction, there’s no opening for a politically biased IRS […]
[…] In other words, let’s not blame the victims and castigate Americans who redomicile in jurisdictions with better tax policy. Let’s fix the awful internal revenue code with a flat tax. […]
[…] Why am I thanking Obama? For the simple reason that this scandal means that more Americans now understand that the IRS is a venal agency. And that presumably means that more Americans now realize we should junk the internal revenue code and implement a simple and fair flat tax. […]
[…] Why am I thanking Obama? For the simple reason that this scandal means that more Americans now understand that the IRS is a venal agency. And that presumably means that more Americans now realize we should junk the internal revenue code and implement a simple and fair flat tax. […]
[…] best policy, needless to say, is getting rid of the corrupt tax system and replacing it with a simple and fair flat tax. That obviously wasn’t what Simpson and Bowles decided to propose, but the flat tax is a […]
[…] Maybe Mathis can become a national spokesman for tax reform after he retires from […]