Being a lazy procrastinator, I filed an extension April 15 and then waited until this weekend to do my tax return. This experience has reinforced my hatred and disdain for our corrupt and punitive tax system. I don’t even have a remotely complicated tax return, just a Cato salary and a few payments for articles and speeches on the income side, along with a standard set of itemized deductions for things like home mortgage interest.
But even dealing with a relatively simple tax return causes lots of angst and makes me long for a simple and fair flat tax. Actually, it makes me long for a limited government, as envisioned by our Founders, in which case we might not need any broad-based tax. And I suppose I shouldn’t blame the IRS. The real villains are the politicians who have spent the past 97 years turning the tax code into a monstrosity.
Now that I’m done venting, I suppose I should include some educational content. In honor of tax day for procrastinators, here are three videos on the flat tax, the IRS, and the global flat tax revolution.
The FairTax eliminates all income tax filing and the IRS. There is a pending legislation for the FairTax Act, HR 25 and S 296.
Why is CATO not supporting the FairTax?
I’ll second the Fair Tax it is by far the best option out there.
The Fair Tax does everything that the Flat Tax does, but also accomplishes the following:
1. Repeals the 16th Amendment
2. Removes all justification for government knowing what you make or how you make it.
3. Removes all corporate income tax.
4. Eliminates the IRS.
Additionally:
5. Taxes criminals.
6. Makes it impossible to “hide” tax increases.
7. Brings home capital from tax havens
8. Encourages investment and savings
9. Discourages excessive consumption
10. Eliminates “death” taxes.
11. Even simpler tax form – only list the number of people in your household.
12. No FICA or Social Security taxes.
13. Keep your entire paycheck. Be 100% aware of what tax you pay every time you make a retail purchase.
There’s more. But honestly supporting the Flat Tax instead of the most well researched piece of legislation in history seems pretty foolish. What’s the motivation? Why support a half measure instead of a total solution?
The main problem with the fair tax is that it is a consumption tax. Which means that those of us who must spend most of their income on goods pay a proportionally higher amount than the few who make much more than they spend. Which put us in the situation we are in under the current tax scheme where the best way to pay less taxes is to be extremely wealthy. Unless of course you expand the tax to include corporate expenditures and investment which is a disincentive for business growth. Not, in my opinion a good idea. But if you do not cover those expenditures then we could all spend $100 (in my state it varies) to incorporate ourselves and there would be no tax at all.
The problem with the Flat Tax is that it is still an INCOME TAX! You will still have to prove to the government how much you have earned and from where. The FairTax is the best replacement for the punitive Income Tax. With the FairTax there is no income tax, social security tax, or medicare tax. You get all that in your paycheck. Everyone will pay one flat tax rate when they purchase a new product. Used products have already been taxed and therefore will not be taxed again. The more money people have the more they will spend and that is why the FairTax will be a boon to the economy. Due to the prebate feature of the FairTax everyone will buy products tax free up to the poverty level (go to http://www.fairtax.org for details). The rich buy bigger and more expensive products so they will pay more but at the same rate as everyone else. The FairTax does not punish success like the income tax does!
[...] 18, 2010 by Dan Mitchell After my recent post on “bashing the IRS,” I got several emails and comments asking whether a national sales tax might be a better idea than [...]
[...] 18, 2010 by Dan Mitchell After my recent post on “bashing the IRS,” I got several emails and comments asking whether a national sales tax might be a better idea than [...]
[...] my recent post on “bashing the IRS,” I got several emails and comments asking whether a national sales tax might be a better idea than [...]
[...] at how this video has gone viral, but I have to admit that it is quite clever. I don’t think my flat tax videos, for instance, have quite the same flair. In any event, one imagines “the Ben Bernank” is [...]
[...] is why revenue-neutral tax reform, like the flat tax, is the only pro-growth way of eliminating tax [...]
[...] is why revenue-neutral tax reform, like the flat tax, is the only pro-growth way of eliminating tax [...]
[...] is why revenue-neutral tax reform, like the flat tax, is the only pro-growth way of eliminating tax [...]
[...] provisions. There are various special provisions for politcally powerful constituencies. As a long-time fan of a simple and non-corrupt flat tax, it is painful for me to see this kind of [...]
[...] provisions. There are various special provisions for politcally powerful constituencies. As a long-time fan of a simple and non-corrupt flat tax, it is painful for me to see this kind of [...]
[...] provisions. There are various special provisions for politcally powerful constituencies. As a long-time fan of a simple and non-corrupt flat tax, it is painful for me to see this kind of [...]
[...] provisions. There are various special provisions for politcally powerful constituencies. As a long-time fan of a simple and non-corrupt flat tax, it is painful for me to see this kind of [...]
[...] provisions. There are various special provisions for politically powerful constituencies. As a long-time fan of a simple and non-corrupt flat tax, it is painful for me to see this kind of [...]
[...] provisions. There are various special provisions for politically powerful constituencies. As a long-time fan of a simple and non-corrupt flat tax, it is painful for me to see this kind of [...]
[...] Push for real tax reform by lowering tax rates and curtailing tax distortions. One of the pleasant surprises of 2010 was the decision, by both Obama’s Fiscal Commission [...]
[...] Push for real tax reform by lowering tax rates and curtailing tax distortions. One of the pleasant surprises of 2010 was the decision, by both Obama’s Fiscal Commission and [...]
After reading The Fair Tax on a flight to Las Vegas and back and then attending the 1st Fair Tax Rally in the Atlanta area I just can’t see how anyone would not even consider The Fair Tax. It’s going to be a battle. I travel around and watch the people around me going about their business and I would bet 90% are not aware that The Fair Tax is an option for strangling current system in place now. The majority will not take the time to educate themselves and are sitting on their couches waiting for instructions. But….I still have faith!
[...] Push for real tax reform by lowering tax rates and curtailing tax distortions. One of the pleasant surprises of 2010 was the decision, by both Obama’s Fiscal Commission and [...]
[...] So instead of making the IRS bigger in response to a bad healthcare law, why not repeal that bad law and shrink the size of the IRS? Even better, why not junk the entire tax code so we can replace the IRS with a system that is honest and fair? [...]
[...] So instead of making the IRS bigger in response to a bad healthcare law, why not repeal that bad law and shrink the size of the IRS? Even better, why not junk the entire tax code so we can replace the IRS with a system that is honest and fair? [...]
[...] So instead of making the IRS bigger in response to a bad healthcare law, why not repeal that bad law and shrink the size of the IRS? Even better, why not junk the entire tax code so we can replace the IRS with a system that is honest and fair? [...]
[...] So instead of making the IRS bigger in response to a bad healthcare law, why not repeal that bad law and shrink the size of the IRS? Even better, why not junk the entire tax code so we can replace the IRS with a system that is honest and fair? [...]
[...] So instead of making the IRS bigger in response to a bad healthcare law, why not repeal that bad law and shrink the size of the IRS? Even better, why not junk the entire tax code so we can replace the IRS with a system that is honest and fair? [...]
[...] America’s tax system is a complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat [...]
[...] America’s tax system is a complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat [...]
[...] America’s tax system is a complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat [...]
[...] America’s tax system is a complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat [...]
[...] easy to complain about the IRS, but more often than not the bureaucrats are simply carrying out the bad policies imposed by [...]
[...] easy to complain about the IRS, but more often than not the bureaucrats are simply carrying out the bad policies imposed by [...]
[...] April 11, 2011 by Dan Mitchell I’m not a big fan of the IRS, but usually I blame politicians for America’s corrupt, unfair, and punitive tax system. Sometimes, though, the tax bureaucrats run amok and earn their reputation as America’s most despised bureaucracy. [...]
[...] I’m not a big fan of the IRS, but usually I blame politicians for America’s corrupt, unfair, and punitive tax system. Sometimes, though, the tax bureaucrats run amok and earn their reputation as America’s most despised bureaucracy. [...]
[...] I’m not a big fan of the IRS, but usually I blame politicians for America’s corrupt, unfair, and punitive tax system. Sometimes, though, the tax bureaucrats run amok and earn their reputation as America’s most despised bureaucracy. [...]
[...] I’m not a big fan of the IRS, but usually I blame politicians for America’s corrupt, unfair, and punitive tax system. Sometimes, though, the tax bureaucrats run amok and earn their reputation as America’s most despised bureaucracy. [...]
[...] America’s tax system is a complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat [...]
[...] April 11, 2011 by Dan Mitchell I’m not a big fan of the IRS, but usually I blame politicians for America’s corrupt, unfair, and punitive tax system. Sometimes, though, the tax bureaucrats run amok and earn their reputation as America’s most despised bureaucracy. [...]
[...] America’s tax system is a complicated disgrace that manages to both undermine growth and promote corruption. The answer is a simple and fair flat [...]
[...] the IRS could manage to combine bad tax policy, bad regulatory policy, bad human rights policy, and bad [...]
[...] * Governments coerce me into filling out complicated tax forms in order to give politicians money that will be was…. [...]
[...] realize I’m whining a bit (just like I did with my personal stories about Amtrak, tax returns, traffic tickets, and air travel), but what possible purpose did it serve for the government of [...]
[...] is the right approach, but only when laws are just. At the risk of stating the obvious, the internal revenue code does not meet that test – especially when the IRS is trying to enforce it in a grossly improper extraterritorial [...]
[...] Taxes and spending are two of the most obvious burdens imposed by government, and I’m glad that many people are fighting against a political class that seems to have a limitless appetite for a bigger public sector. [...]
[...] is the right approach, but only when laws are just. At the risk of stating the obvious, the internal revenue code does not meet that test – especially when the IRS is trying to enforce it in a grossly improper extraterritorial [...]
[...] on crime” is the right approach, but only when laws are just. At the risk of stating the obvious, the Internal Revenue Code does not meet that test—especially when the IRS is trying to enforce it in a grossly improper extraterritorial [...]
[...] With the clock ticking ever closer to the tax-filing deadline, this is the time of year we should be especially cognizant of America’s awful tax system. [...]
[...] With the clock ticking ever closer to the tax-filing deadline, this is the time of year we should be especially cognizant of America’s awful tax system. [...]
[...] thought I despised the IRS, but I’m just an amateur. I’m in Geneva, Switzerland, where I just finished speaking to [...]
[...] thought I despised the IRS, but I’m just an amateur. I’m in Geneva, Switzerland, where I just finished speaking to [...]
[...] With the clock ticking ever closer to the tax-filing deadline, this is the time of year we should be especially cognizant of America’s awful tax system. [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order [...]
[...] t is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect [...]
[...] is the right approach, but only when laws are just. At the risk of stating the obvious, the Internal Revenue Code does not meet that test—especially when the IRS is trying to enforce it in a grossly improper extraterritorial [...]
[...] is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect [...]
[...] Governments coerce me into filling out complicated tax forms in order to give politicians money that will be was…. [...]