I spoke at the Tea Party Patriots convention earlier today. Great people, great crowd.
My job was to debate on the side of the flat tax over the fair tax. Several people asked for more information, and I promised to put this video on the blog. Long-time readers probably will have seen it before, but it’s always good to be reminded why we need tax reform – and also reminded why we can’t trust politicians with a new source of revenue.
Love ya Dan wish you you would call Neal [i know a bag of wind] Bortz with your thoughts. The Fair Tax is not perfect but look what we have now! There is so much that could be so positive right now and continue to enrich our country as we go with The Fair Tax. If we had The Fair Tax we would not need your charts because we would not have to file income tax. Get with Neal. Take care….Pieman211
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Boortz Fairtax is a massive fraud — and has been debunked. Sounds great but the fine print has a massive hidden tax, well over a trillion dollars hidden in taxes on city and state government.
Google Fairtax fine print, and see Fairtax spokesmen try to explain away the hidden deception.
As to a flat tax, it’s a rational idea, but Dan and others would scream bloody murder if we actually had a flat tax.
Just because Dan calls it “FLAT” doesn’t mean anything. In fact, his plan is as Flat as Pike’s Peak. One thing you learn about tax plans — they OFTEN are named exactly the opposite of what they are.
Dan’s Flat tax has zero tax on some income, and very high taxes on other income. Just depends what kind of income you have.
Want to hear Dan scream? Try to pass a real flat tax, an actual flat tax on all income. This is the test of people like Dan. He would come unglued.
Dan’s real aim is to get NO taxes on certain types of income. That’s what he is about. This “Flat”name is just a way to make it seem like its a flat tax. It’s not flat at all.
Oh Dan has all kinds of excuses to have zero tax on some kinds of income — all the excuses are BS by the way. The point is, his REAL aim is to get NO tax, absolutely NO tax, on certain types of income.
Let’s have an ACTUAL flat tax. I’m all for it. However you tax the small businessman who hires 10 people and works his rear end off, tax all income that same way.
However you tax the self employed plumber or roofer or brain surgeon, tax all income that way. How you make money is YOUR business. The government shouldnt be in the business of punishing one way to make a living, by having high taxes on it, but NO taxes on other income.
Dan knows that – he knows that SHOULD be what a flat tax is. But Dan wants to punish those who have to work for their money, those small businessmen, those self employed plumbers and doctors.
A self employed businessman risks his capital EVERY DAY. Every hour of the day, a competitor can come in and offer better, cheaper service. He employes people and provides goods or services. He works,he risks, he gets up the next day, and works more.
So why should this self employed businessman pay 10 or 20 or 40 times as much taxes, on the same income, as some guy making profit on credit swaps or leverage buy outs or whatever?
If anything, the businessman who actually works for a living and creates jobs shouldn’t pay any tax. At all. But this is the guy Dan’s Flat tax punishes! The self employed businessman has to pay very high taxes, compared to Dan’s favored income.
Dan wants certain incomes to not be taxed AT ALL. Okay.
Have those people who actually work for a living, who actually provide jobs and goods and services, don’t tax them.
Dan wants the leverage buy out income, the credit swap income, the “unearned” income to be tax free.
It’s almost tax free now! Right now that type of income is the lowest taxed income in America, over 50,000 dollars. Dan wants it to be completely tax free.
He wants the small businessman, the worker, the guy who has to work every day and run his business and employe others– THAT is the guy Dan’s plan hits very hard with taxes.
How about just stop all the deception. Have an actual flat tax — no double talk. All incomes pay the same. No BS. If you make it from credit swaps – FINE! God bless you.
If you work for it FINE. If you operate a small business for it FINE. However you want to make your money, God bless you!
Just tax everyone the same — none of this sneaky double talk from guys like Dan/
Mark….Your link is a bunch of BS. You can’t be led astray that easily???
[...] Dan Mitchell, with the CATO Institute, provides some reasons why he prefers the Flat Tax over the Fa… (sales tax) in this video: [...]
[...] enough attention to the national sales tax. I’ve explained that this is because I think the flat tax is more politically feasible, but the C-Span debate should demonstrate that I am more than happy to vigorously defend the Fair [...]
[...] I’ve 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’m also a big fan of national sales tax proposals such as the Fair Tax, assuming we can amend the Constitution so that greedy politicians don’t pull a bait and switch and impose both an income tax and a sales tax. [...]
[...] I’ve 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’m also a big fan of national sales tax proposals such as the Fair Tax, assuming we can amend the Constitution so that greedy politicians don’t pull a bait and switch and impose both an income tax and a sales tax. [...]
[...] I’ve 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’m also a big fan of national sales tax proposals such as the Fair Tax, assuming we can amend the Constitution so that greedy politicians don’t pull a bait and switch and impose both an income tax and a sales tax. [...]
[...] I’ve 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’m also a big fan of national sales tax proposals such as the Fair Tax, assuming we can amend the Constitution so that greedy politicians don’t pull a bait and switch and impose both an income tax and a sales tax. [...]
I have experienced and shared with others some of the most horrible
behavior of the grotesquely, cruel and sadistic I R S. Abother day under
their supervision/scrutiny is absolutely anathema and unacceptable!!!
I would rather pay a national sales tax and no strings attached. I have
heard Flat Tax schemes by Neil Bordst and friends that offers paybacks to
the poor in order to level the playing field. I think not; because I see fraud.
Loved your coverage and intelligent explanation of the differences. Thanks.
[...] has been successful in dozens of other countries. So far, the flat tax has been adopted in roughly 24 countries. There’s a flat tax revolution going on around the globe and the United States needs to jump on [...]
[...] has been successful in dozens of other countries. So far, the flat tax has been adopted in roughly 24 countries. There’s a flat tax revolution going on around the globe and the United States needs to jump on [...]
Your logic is impeccable.
1. Push for a sales tax, but ONLY on condition that the 16th amendment is repealed.
2. In the meantime a flat tax can be imposed tomorrow.
I would only add that a flat tax plan should include a large personal exemption (eg ~$50,000). This would help quiet the squawking that a flat tax is unfair to the poor. Further, a graph of percent of income paid in taxes vs total income would illustrate that a flat tax with a large personal exemption isn’t really flat.
Tim Cashen
@Tim Cashen
“I would only add that a flat tax plan should include a large personal exemption (eg ~$50,000). This would help quiet the squawking that a flat tax is unfair to the poor. Further, a graph of percent of income paid in taxes vs total income would illustrate that a flat tax with a large personal exemption isn’t really flat.”
ABSOLUTLY NOT ! A fair percentage across the board, is fair. The problem with exemptions is the system we have now. It all starts with oine exemption because this group is this…. or that group is that. No way !! An equal percentage means NO ONE can claim they are paying more than anybody else! They pay more money, but not percentage wise.
[...] But here’s the problem. If you happen to be one of those people (such as me) who does not trust politicians, then we run a grave risk if we ever let the crowd in Washington impose any sort of national sales tax without fi…. [...]
[...] I’ve 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’m also a big fan of national sales tax proposals such as the Fair Tax, assuming we can amend the Constitution so that greedy politicians don’t pull a bait and switch and impose both an income tax and a sales tax. [...]
[...] I’ve 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’m also a big fan of national sales tax proposals such as the Fair Tax, assuming we can amend the Constitution so that greedy politicians don’t pull a bait and switch and impose both an income tax and a sales tax. [...]
[...] But I included a very important caveat. The intermediate stage of his three-step plan would enable politicians to impose both an income tax and a national sales tax. I wrote in my earlier post that I had faith in Herman Cain’s motives, but I was extremely uncomfortable with the idea of letting the crowd in Washington have an extra source of rev…. [...]
[...] But I included a very important caveat. The intermediate stage of his three-step plan would enable politicians to impose both an income tax and a national sales tax. I wrote in my earlier post that I had faith in Herman Cain’s motives, but I was extremely uncomfortable with the idea of letting the crowd in Washington have an extra source of rev…. [...]
[...] sales tax. I wrote in my earlier post that I had faith in Herman Cain’s motives, but I was extremely uncomfortable with the idea of letting the crowd in Washington have an extra source of rev… [...]
[...] But I included a very important caveat. The intermediate stage of his three-step plan would enable politicians to impose both an income tax and a national sales tax. I wrote in my earlier post that I had faith in Herman Cain’s motives, but I was extremely uncomfortable with the idea of letting the crowd in Washington have an extra source of rev…. [...]
[...] that we degenerate back to the current system. The worst thing that happens with the 9-9-9 plan, as I explain in this video, is that politicians pull a bait-and-switch and America becomes Greece or France. Rate this: Share [...]
[...] that we degenerate back to the current system. The worst thing that happens with the 9-9-9 plan, as I explain in this video, is that politicians pull a bait-and-switch and America becomes Greece or France. [...]
[...] that we degenerate back to the current system. The worst thing that happens with the 9-9-9 plan, as I explain in this video, is that politicians pull a bait-and-switch and America becomes Greece or France. Daniel J. [...]
[...] of disguising a Value-Added Tax (VAT) as a corporate income tax, and for giving the government an added revenue stream by creating both an income and a national sales tax. I also have constitutional questions about a [...]
[...] of disguising a Value-Added Tax (VAT) as a corporate income tax, and for giving the government an added revenue stream by creating both an income and a national sales tax. I also have constitutional questions about a [...]
[...] I’ve 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’m also a big fan of national sales tax proposals such as the Fair Tax, assuming we can amend the Constitution so that greedy politicians don’t pull a bait and switch and impose both an income tax and a sales tax. [...]