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.
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] like the flat tax, but I’ve always assumed a low tax […]
[…] I have repeatedly defended the national sales tax for the simple reason that it has the same desirable attributes as a flat tax. […]
[…] a long-time proponent of tax reform and I mostly focus on the flat tax, but as I wrote last month, a national sales tax also is a good […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] And that includes several states (Iowa, Idaho, Arizona) adopting flat taxes. […]
[…] fun to write about big-picture tax issues such as tax reform (for instance, should we have a flat tax or national sales […]
[…] And click here, here, here, or here if you want to peruse my arguments for the flat […]
[…] And click here, here, here, or here if you want to peruse my arguments for the flat […]
[…] In my fantasy world, we would throw all those forms in the trash and replace today’s convoluted tax system with a simple and fair flat tax. […]
[…] The second part of today’s column is to use Trump’s tax return to show why the tax system would be much better if we junked the internal revenue code and replaced it with a simple and fair flat tax. […]
[…] The second part of today’s column is to use Trump’s tax return to show why the tax system would be much better if we junked the internal revenue code and replaced it with a simple and fair flat tax. […]
[…] makes excellent points, similar to the analysis I shared in my 2010 […]
[…] makes excellent points, similar to the analysis I shared in my 2010 […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] Regarding the latter, many states have lowered tax rates and several of them have junked so-called progressive tax systems and replaced them with simple and fair flat taxes. […]
[…] Regarding the latter, many states have lowered tax rates and several of them have junked so-called progressive tax systems and replaced them with simple and fair flat taxes. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] the reward for a governor who replaces a discriminatory and punitive system with a simple and fair flat tax, particularly in a year when many other states also are enacting better tax […]
[…] the reward for a governor who replaces a discriminatory and punitive system with a simple and fair flat tax, particularly in a year when many other states also are enacting better tax […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] be the case if voters in Massachusetts approve a referendum next month to junk the state’s flat tax and replace it with a class-warfare system that has a top rate of 9 […]
[…] be the case if voters in Massachusetts approve a referendum next month to junk the state’s flat tax and replace it with a class-warfare system that has a top rate of 9 […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] are on the right side or wrong side, the ideal scenario is to shrink government. For instance, a simple and fair flat tax would radically reduce the incentive for […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] to say, I won’t hold my breath waiting for #3 to […]
[…] to say, I won’t hold my breath waiting for #3 to […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] are on the right side or wrong side, the ideal scenario is to shrink government. For instance, a simple and fair flat tax would radically reduce the incentive for […]
[…] are on the right side or wrong side, the ideal scenario is to shrink government. For instance, a simple and fair flat tax would radically reduce the incentive for […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] But it is possible to dramatically reduce the damage imposed by those levies. For instance, the personal income tax could be largely defanged if the current system was repealed and replaced by a simple and fair flat tax. […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] After all, the government theoretically could “do more” by reforming entitlements, shutting down useless federal departments, and replacing the corrupt internal revenue code with a flat tax. […]
[…] After all, the government theoretically could “do more” by reforming entitlements, shutting down useless federal departments, and replacing the corrupt internal revenue code with a flat tax. […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] we don’t need giant steps. Yes, a flat tax would be great, but even incremental reforms such as a lower corporate tax rate or the right tax […]
[…] we don’t need giant steps. Yes, a flat tax would be great, but even incremental reforms such as a lower corporate tax rate or the right tax […]
[…] 14 years ago, I narrated this video about the flat tax and national sales tax (sometimes referred to as a “Fair […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] rid of these added roles, ideally as part of a total replacement of the tax code with a flat tax, and the discussion would be about how much money could be saved by reducing the IRS’s […]
[…] 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 […]
[…] One of the few good policies Putin implemented was a flat tax. […]
[…] I wrote two months ago about Iowa lawmakers voting for a simple and fair flat tax. […]
[…] I wrote two months ago about Iowa lawmakers voting for a simple and fair flat tax. […]
[…] I wrote two months ago about Iowa lawmakers voting for a simple and fair flat tax. […]
[…] I wrote last month that Iowa might replace its discriminatory tax regime with a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] The column also mentions other states, such as Iowa, that hopefully will replace discriminatory regimes with simple and fair flat taxes. […]
[…] The column also mentions other states, such as Iowa, that hopefully will replace discriminatory regimes with simple and fair flat taxes. […]
[…] She is now proposing to get rid of the state’s so-called progressive tax and replace it with a flat tax. […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] the tax code with a simple and fair flat tax so the IRS can be dramatically […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] only did the state shift to a flat tax a few years ago, it recently voted to lower the rate from 5.25 percent to 3.99 […]
[…] only did the state shift to a flat tax a few years ago, it recently voted to lower the rate from 5.25 percent to 3.99 […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] the tax code with a simple and fair flat tax so the IRS can be dramatically […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] support the right of people to minimize their taxes, of course, but I wish we had a simple and fair tax system so that there was no need for an entire industry of tax […]
[…] support the right of people to minimize their taxes, of course, but I wish we had a simple and fair tax system so that there was no need for an entire industry of tax […]
[…] support the right of people to minimize their taxes, of course, but I wish we had a simple and fair tax system so that there was no need for an entire industry of tax […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] But there are two ways those laws could be improved. First, officials could abolish its income tax because a zero income tax is better than a flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] I’ve written about some boring and arcane tax issues – most of which are only relevant because we don’t have a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] In an ideal world, Washington would be working to boost living standards by adopting a flat tax. In the real world, the best-case scenario is simply avoiding policies that will make America less […]
[…] There are many powerful arguments for junking the internal revenue code and replacing it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] it’s not accurate to say that Arizona adopted a flat tax. Maybe I’m old fashioned, but a flat tax has to have only one rate. Arizona’s reform is praiseworthy, but it doesn’t fulfill […]
[…] the tax code with a simple and fair flat tax so the IRS can be dramatically […]
[…] the tax code with a simple and fair flat tax so the IRS can be dramatically […]
[…] The moral of the story, at the very least, is that America needs a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Amen. Let’s rip out the internal revenue code and replace it with a simple and fair flat tax. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] In an ideal world, Washington would be working to boost living standards by adopting a flat tax. In the real world, the best-case scenario is simply avoiding policies that will make America less […]
[…] In an ideal world, Washington would be working to boost living standards by adopting a flat tax. In the real world, the best-case scenario is simply avoiding policies that will make America less […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] As a public finance economist, I’m a huge fan of fiscal reforms such as a spending cap or a flat tax. […]
[…] As a public finance economist, I’m a huge fan of fiscal reforms such as a spending cap or a flat tax. […]
[…] few days ago about the possibility of replacing the corrupt internal revenue code with a flat tax. Either now or in the […]
[…] class-warfare crowd and tax lawyers don’t have a lot in common, but both groups oppose the flat tax. An even stranger unholy alliance involves the War on Drugs, which has the support of both the […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] 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 […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] few days ago about the possibility of replacing the corrupt internal revenue code with a flat tax. Either now or in the […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] like the idea of lowering rates and reducing deductions since that moves the system closer to a flat tax. That being said, it’s difficult to reduce the tax burden on the lower middle class since they […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Today’s Byzantine system is good for tax lawyers, accountants, and bureaucrats, but it’s bad news for America. We need to wipe the slate clean and get rid of this corrupt mess. And you know how to make that happen. […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] Today’s Byzantine system is good for tax lawyers, accountants, and bureaucrats, but it’s bad news for America. We need to wipe the slate clean and get rid of this corrupt mess. And you know how to make that happen. […]
[…] other words, like the flat tax, a VAT taxes all economic activity, but only one time (i.e., no double taxation of income that is […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] like the idea of lowering rates and reducing deductions since that moves the system closer to a flat tax. That being said, it’s difficult to reduce the tax burden on the lower middle class since they […]
[…] as know-your-customer rules, or KYC) have been just as much of a failure as my efforts to get a flat tax. Or my campaign for a spending […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] part of the state constitution that prohibits discriminatory tax rates (i.e., he wants to replace the flat tax with a so-called progressive […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] correct that his approach would be more fair. An income-based speeding ticket would be akin to a flat tax – i.e., take the same proportion of everyone’s income. For what it’s worth, I […]
[…] rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] tax rate was 70 percent, and notice that Friedman made a Laffer Curve-type prediction that a flat tax of 19 percent would collect more revenue than the so-called progressive […]
[…] Here’s a flowchart I prepared showing the double taxation in the current system compared to what happens with a flat tax. […]
[…] the way, Greece isn’t simply offering a flat-rate tax to wealthy foreigners. It’s offering them a flat-amount […]
[…] the way, Greece isn’t simply offering a flat-rate tax to wealthy foreigners. It’s offering them a flat-amount […]
[…] nation an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] nation an attractive destination for some rich people. After all, they don’t even have to pay a flat tax, just a flat […]
[…] In the world of tax policy, big-picture issues such as tax reform can capture the public’s attention (should we junk the IRS, instance, and adopt a flat tax?). […]
[…] Nossa, isso foi tão efusivo que parece eu descrevendo os benefícios do imposto de alíquota fixa! […]
[…] written many times about how a flat tax is far less destructive than so-called progressive […]
[…] to say, good tax reform plans such as the flat tax are based on expensing rather than […]
[…] spend much of my time either trying to undo bad policies with good reform (flat tax, spending restraint, regulatory easing, trade liberalization) or fighting off additional bad […]
[…] spend much of my time either trying to undo bad policies with good reform (flat tax, spending restraint, regulatory easing, trade liberalization) or fighting off additional bad […]
[…] ago, I cited a World Bank study showing that tax complexity facilitates corruption. Which means a simple and fair flat tax isn’t merely a way of achieving more prosperity, it’s also a way of draining the […]
[…] vaguely realistic, the second-best option is scrapping the current tax code and replacing it with a simple and fair flat tax based on the “Holy Trinity” of good […]
[…] The ideal answer is fundamental tax reform. For instance, all forms of double taxation are abolished with a flat tax. […]
[…] For what it’s worth, this IMF study basically embraces the sensible principles of business taxation that you find in a flat tax. […]
[…] If we had a flat tax, there would be no case to be made for these bad […]
[…] This was very bad policy, completely contrary to the principle of “territorial taxation” that is part of all market-friendly tax reforms such as the flat tax. […]
[…] The latter point is especially important because we could dramatically improve compliance while also shrinking the IRS if we had a simple and fair system such as the flat tax. […]
[…] of like my version of a tax system compared to the mess we have […]
Can’t wait to watch next video.
[…] people were asking questions on the flat tax, Laffer Curve, or the economic impact of government spending, I could give succinct and targeted […]
[…] why, in my semi-dream world, I’d like to see a flat tax.* Not only would there be a low rate and no double taxation, but there also would be no […]
[…] I’m a fan of the flat tax (combined with TABOR, it helps to explain the state’s prosperity), I obviously hope voters […]
[…] is horrible advice. The flat tax is very conducive to prosperity and Romania needs fast growth to help offset the damage caused by […]
[…] en partie parce qu’elle a été la première nation post-communiste à adopter la flat tax, mais aussi en raison des paysages remarquables du […]
[…] make the tax code an even bigger mess. I realize it’s unlikely that I’ll ever see a simple and fair flat tax, but is it too much to ask for politicians not to make the system even […]
[…] To be sure, I haven’t given up on my dream of replacing the odious internal revenue code with a flat tax, but if the only thing I achieve is to protect America from a value-added tax, I’ll […]
[…] by the principles of a simple and fair flat tax, I’ve been toiling for decades in the vineyard of tax reform. At the risk of mixing my […]
[…] by the principles of a simple and fair flat tax, I’ve been toiling for decades in the vineyard of tax reform. At the risk of mixing my […]
[…] view is that pro-growth reforms like the flat tax would be a much better approach. With a simple and fair tax code that doesn’t impose extra […]
[…] Though I think both Brian and the WSJ should have gone even farther and called for the abolition of the charitable deduction in the tax code as part of a shift to a simple and fair flat tax. […]
[…] not an argument against reform. For example, I think the housing lobby’s opposition to the flat tax is misguided since every sector will enjoy long-run benefits from faster growth, but it’s […]
[…] But I’m not satisfied. Our long-run goal should be fundamental tax reform. And that means replacing the current system with a simple and fair flat tax. […]
[…] economic performance (and if a state makes the mistake of having an income tax, then a flat tax will be considerably less destructive than a so-called progressive […]
[…] There’s a chance, however, that all this bad news may pave the way for good news. There are elections in early March and Silvio Berlusconi, considered a potential frontrunner to be the next Prime Minister, has proposed a flat tax. […]
[…] There’s a chance, however, that all this bad news may pave the way for good news. There are elections in early March and Silvio Berlusconi, considered a potential frontrunner to be the next Prime Minister, has proposed a flat tax. […]
[…] There’s a chance, however, that all this bad news may pave the way for good news. There are elections in early March and Silvio Berlusconi, considered a potential frontrunner to be the next Prime Minister, has proposed a flat tax. […]
[…] So while I mostly argue for tax reform because I want more growth, I also think there’s a moral argument for a simple and fair system. […]
[…] que je suis économiste en finances publiques, je suis tenté de dire qu’une flat tax et qu’un État de taille réduite sont l’élixir de la prospérité, mais ces politiques ne […]
[…] my solution is to remove IRS discretion. In the long run, that can happen with a simple and fair flat tax that does away with the deduction for charitable contributions and thus removes any need for […]
[…] my solution is to remove IRS discretion. In the long run, that can happen with a simple and fair flat tax that does away with the deduction for charitable contributions and thus removes any need for […]
[…] growth. First, this is only a modest version of tax reform, not a game-changing step such as a simple and fair flat tax. As George Will opined today, “On a scale of importance from one (negligible) to 10 […]
[…] argue that a supply-side tax cut is always the answer. Heck, even supply-side reform plans such as the flat tax include very generous family-based allowances, so there’s a consensus that taxpayers should […]
[…] I was grading on a curve. I wasn’t expecting or hoping for something really bold like a flat tax. […]
[…] require dramatic change, but why not fix a bunch of problems at once? I’ll simply point out that the flat taxis based on the common-sense approach of territorial taxation (governments only tax economic […]
[…] dramatic change, but why not fix a bunch of problems at once? I’ll simply point out that the flat tax is based on the common-sense approach of territorial taxation (governments only tax economic […]
[…] I have a fantasy of junking the entire corrupt tax system and adopting a simple and fair flat tax. […]
[…] even though I fantasize about a flat tax, I’m reasonably happy about where we are […]
[…] something to celebrate? Well, that depends on whether you’re grading on a curve. Compared to a pure, simple, and fair flat tax, it’s timid and […]
[…] to celebrate? Well, that depends on whether you’re grading on a curve. Compared to a pure, simple, and fair flat tax, it’s timid and […]
[…] not easy being a libertarian in the policy world of Washington. I view the flat tax as a timid intermediate step, with the real goal being a tiny federal government (like the Founding […]
[…] Journal, Senator Thom Tillis from the Tarheel State explains what happened when he helped enact a flat tax as Speaker of the State […]
[…] a long-time fan of the flat tax, I’m obviously not a fan of these preferences. Though I always stress that I only want to get […]
[…] VAT isn’t theoretically bad. Like the flat tax, it would have one rate. There also would be no double taxation of saving and investment. And it […]
[…] Ideal World: We replace the convoluted, punitive, and corrupt internal revenue code with a simple and fair flat tax. […]
[…] market-driven economies. One key to their relative success is tax policy. All three nations have flat taxes. And the Baltic nations all deserve great praise for cutting the burden of government spending in […]
[…] I realize there’s zero hope of ripping up America’s awful tax code and getting a simple and fair flat tax, I’m nonetheless hopeful that there will be some meaningful incremental changes as part of […]
The problem is the class warfare agenda of the Left.
[…] in 1982, shortly after the Professors Hall and Rabushka unveiled their plan for a flat tax, here’s what the New York Times […]
[…] in 1982, shortly after the Professors Hall and Rabushka unveiled their plan for a flat tax, here’s what the New York Times […]
[…] in 1982, shortly after the Professors Hall and Rabushka unveiled their plan for a flat tax, here’s what the New York Times […]
[…] in 1982, shortly after the Professors Hall and Rabushka unveiled their plan for a flat tax, here’s what the New York Times […]
[…] pushing for tax reform, I normally cite the flat tax, but there are many roads that lead to Rome. I’ve also pointed out that other tax reform […]
[…] In the interview, I said that I had two fantasies. First, I want to junk the corrupt internal revenue code and replace it with a simple and fair flat tax. […]
[…] In the interview, I said that I had two fantasies. First, I want to junk the corrupt internal revenue code and replace it with a simple and fair flat tax. […]
[…] I want to completely junk our corrupt system and replace it with a simple and fair flat tax. But for 2017, I’ll be happy if we simply slash the corporate […]
[…] P.P.S. Now, perhaps, people will understand why I want to rip up the current system and replace it with a simple and fair flat tax. […]
[…] P.P.S. Now, perhaps, people will understand why I want to rip up the current system and replace it with a simple and fair flat tax. […]
[…] I want to completely junk our corrupt system and replace it with a simple and fair flat tax. But for 2017, I’ll be happy if we simply slash the corporate […]
[…] tax reform such as a flat tax should accomplish three big […]
[…] tax reform such as a flat tax should accomplish three big […]
[…] tax reform such as a flat tax should accomplish three big […]
[…] that the IMF economists favor a cash-flow tax, which is basically how the business side of the flat tax operates. There is full expensing in that kind of system, and interest and dividends are treated […]
[…] Why would the economy grow faster if we got fundamental reform such as the flat tax? […]
[…] ultimate answer is to junk the entire tax code and adopt a simple and fair flat tax. The best-possible answer we may get out of dysfunctional Washington is probably a lower corporate […]
[…] There are many powerful arguments for junking the internal revenue code and replacing it with a simple and fair flat tax. […]
[…] There are many powerful arguments for junking the internal revenue code and replacing it with a simple and fair flat tax. […]
[…] Why would the economy grow faster if we got fundamental reform such as the flat tax? […]
[…] what it’s worth, I don’t care about the answers to these questions because I favor a simple and fair flat tax that doesn’t punish people for contributing more to the economy’s output. I simply want the […]
[…] of which brings me back to one of my original points. We already know that the flat tax is the gold standard of tax reform. And we already know the various ways of moving the tax code in […]
[…] already know that the flat tax is the gold standard of tax reform. And we already know the various ways of moving the tax code in […]
[…] of which brings me back to one of my original points. We already know that the flat tax is the gold standard of tax reform. And we already know the various ways of moving the tax code in […]
[…] I’m obviously a big fan of a simple and fair flat tax. […]
[…] que je suis économiste en finances publiques, je suis tenté de dire qu’une flat tax et qu’un État de taille réduite sont l’élixir de la prospérité, mais ces politiques ne […]
[…] gold standard of tax reform has always been the Hall-Rabushka flat tax, which is a consumption-base tax because there is no double taxation of income that is saved and […]
[…] compelling. Perhaps even more so than my video on the flat […]
[…] I welcome sinners who want to repent. Is the OECD now recommending corporate tax rate reductions? A flat tax? Entitlement reform? Elimination of wasteful departments, agencies, and programs? A spending […]
[…] key to their relative success is tax policy. All three nations have flat taxes. Estonia’s system is so good (particularly its approach to business taxation) that the Tax […]
[…] this is the premise of the flat tax. Wipe out the 70,000-plus pages of the tax code and replace it with a simple and fair system that […]
[…] I do know that a flat tax would put an end to any possible gamesmanship since it is a cash-flow system (which means it is […]
[…] That doesn’t necessarily mean we’re necessarily talking about good policy since there are plenty of preferential tax laws that should be wiped out as part of a shift to a simple and fair flat tax. […]
[…] sometimes guilty of repeating myself. I write over and over again on topics such as the flat tax and spending caps (and don’t forget my Golden Rule!), though I hope each time I bring something […]
[…] sometimes guilty of repeating myself. I write over and over again on topics such as the flat tax and spending caps (and don’t forget my Golden Rule!), though I hope each time I bring […]
I prefer a national sales tax. However, a flat tax would be better than our current mess of a tax code.
[…] Simply stated, we should rip up the entire internal revenue code and replace it with a simple and fair flat tax. […]
[…] I’ve been advocating for good tax reform for more than two decades, specifically agitating for a simple and fair flat tax. […]
[…] I’ve been advocating for good tax reform for more than two decades, specifically agitating for a simple and fair flat tax. […]
[…] The fact that there’s a major problem surprises some people. After all, isn’t the welfare state smaller in these countries? Haven’t many of them adopted pro-growth reforms such as the flat tax? […]
[…] fans of the flat tax, national sales tax, or other proposals for tax reform, this would be a death […]
I prefer to tax consumption rather than labor. However, if we had a flat tax, in order for it to be fair, I say tax all income at the same rate. Earned income taxed at 10% and capital gains taxed at the same rate of 10%. Very few deductions if any.
[…] that good fiscal policy is defined by a modest-sized government and a tax code that is designed to raise revenue in a relatively non-destructive fashion, not by whether lots of wasteful spending is okay if accompanied by lots of destructive tax hikes […]
[…] Wow, this is so effusive that it sounds like me describing the benefits of a flat tax. […]
[…] than the status quo, but the ideal solution is a flat tax, which would eliminate the deduction provided to employers for compensation in the form of fringe […]
[…] better than the status quo, but the ideal solution is a flat tax, which would eliminate the deduction provided to employers for compensation in the form of fringe […]
[…] we don’t need giant steps. Yes, a flat tax would be great, but even incremental reforms such as a lower corporate tax rate or the right tax […]
[…] economic performance (and if a state makes the mistake of having an income tax, then a flat tax will be considerably less destructive than a so-called progressive […]
[…] good news is that all of these problems can be solved with a flat tax, which would rip of the current corporate income tax and replace it with a very simple, low-rate […]
[…] assert that a VAT is needed to make the numbers add up if double taxation is to be eliminated. But a flat tax does the same thing, and without the risk of giving politicians a new source of […]
[…] assert that a VAT is needed to make the numbers add up if double taxation is to be eliminated. But a flat tax does the same thing, and without the risk of giving politicians a new source of […]
[…] the economy would grow much faster since a key principle of the flat tax is that revenue should be collected in the least-damaging […]
[…] the economy would grow much faster since a key principle of the flat tax is that revenue should be collected in the least-damaging […]
[…] Since I’m a fan of the flat tax, does that mean I like the countries with lower scores in column 3 of the Tax Foundation table? Yes […]
[…] Since I’m a fan of the flat tax, does that mean I like the countries with lower scores in column 3 of the Tax Foundation table? Yes […]
[…] The solution is a simple, low rate flat tax. […]
[…] The solution is a simple, low rate flat tax. […]
[…] I’m sympathetic to the final option, in part because of my disdain for the income tax. And if an income tax is imposed, I prefer a simple and fair flat tax. […]
[…] I’m sympathetic to the final option, in part because of my disdain for the income tax. And if an income tax is imposed, I prefer a simple and fair flat tax. […]
[…] I’m sympathetic to the final option, in part because of my disdain for the income tax. And if an income tax is imposed, I prefer a simple and fair flat tax. […]
[…] wouldn’t it be nice if we had a reasonable tax code so that companies didn’t have to worry about currying favor with the political […]
[…] we don’t need giant steps. Yes, a flat tax would be great, but even incremental reforms such as a lower corporate tax rate or the right tax […]
[…] we don’t need giant steps. Yes, a flat tax would be great, but even incremental reforms such as a lower corporate tax rate or the right tax […]
[…] we don’t need giant steps. Yes, a flat tax would be great, but even incremental reforms such as a lower corporate tax rate or the right tax […]
[…] Sounds to me like an argument for a flat tax. […]
[…] Sounds to me like an argument for a flat tax. […]
[…] a huge fan of the jurisdiction’s simple 15 percent flat tax. It’s basically about as close to a pure flat tax as anyplace in the world. There is zero double taxation of income that is saved and […]
[…] a huge fan of the jurisdiction’s simple 15 percent flat tax. It’s basically about as close to a pure flat tax as anyplace in the world. There is zero double taxation of income that is saved and […]
[…] a huge fan of the jurisdiction’s simple 15 percent flat tax. It’s basically about as close to a pure flat tax as anyplace in the world. There is zerodouble taxation of income that is saved and […]
[…] of the jurisdiction’s simple 15 percent flat tax. It’s basically about as close to a pure flat tax as anyplace in the world. There is zero double taxation of income that is saved and […]
[…] I give speeches in favor of tax reform, I argue for policies such as the flat tax on the basis of both ethics and […]
[…] maybe, just maybe, we can at least figure out a less corrupt and less destructive way for the politicians to grab our […]
[…] maybe, just maybe, we can at least figure out a less corrupt and less destructive way for the politicians to grab our […]
[…] let’s do the right kind of tax reform and leave the payroll tax unscathed so we’ll have the ability to do the right kind of Social […]
[…] my video that explains why the flat tax is the best system (at least until we shrink the federal government […]
[…] my video that explains why the flat tax is the best system (at least until we shrink the federal government […]
[…] being part of a debate in Louisiana where a representative from H&R Block argued against the flat tax. Gee, I wonder […]
[…] being part of a debate in Louisiana where a representative from H&R Block argued against the flat tax. Gee, I wonder […]
[…] in the near future), my intermediate goal is to junk the current tax system and replace it with a simple and fair flat tax, which would mean a low tax rate, no double taxation, and no corrupt and distorting tax […]
[…] in the near future), my intermediate goal is to junk the current tax system and replace it with a simple and fair flat tax, which would mean a low tax rate, no double taxation, and no corrupt and distorting tax […]
[…] I want to rip up the tax code and replace it with a simple and fair flat tax, this is music to my […]
[…] is also the case for the flat tax. A “good” tax system is only “pro growth” in the sense that it does less […]
[…] Daniel J. Mitchell I’m a big fan of the flat tax because a low tax rate and no double taxation will result in faster growth and more upward […]
[…] a big fan of the flat tax because a low tax rate and no double taxation will result in faster growth and more upward […]
[…] 11, 2015 By Daniel J. Mitchell I’m a big fan of the flat tax because a low tax rate and no double taxation will result in faster growth and more upward […]
[…] a big fan of the flat tax because a low tax rate and no double taxation will result in faster growth and more upward […]
[…] And that tax code, needless to say, is a simple and fair flat tax. […]
[…] And that tax code, needless to say, is a simple and fair flat tax. […]
[…] Cruz’s plan is not a pure flat tax. There would be a small amount of double taxation of income that is saved and invested, though the […]
[…] When someone says “IRS,” my Pavlovian response is “flat tax.” […]
[…] a policy wonk, I have to admit that I’m equally impressed by hisinstinctive understanding that a flat tax is both fair and good for […]
[…] wonk, I have to admit that I’m equally impressed by his instinctive understanding that a flat tax is both fair and good for […]
[…] But I can’t help but wonder why no candidate has explicitly embraced the gold standard of tax reform. […]
[…] flat tax is the gold standard of tax […]
[…] that doesn’t mean any of them are perfect. They all fall short of the pure flat tax, which is the gold standard for full tax reform. Another problem is that these proposals won’t be […]
[…] that doesn’t mean any of them are perfect. They all fall short of the pure flat tax, which is the gold standard for full tax reform. Another problem is that these proposals […]
I went over this internet site and I think you have a lot of fantastic info , saved to fav (:.
[…] answer depends on whether one hopes for perfect policy. The flat tax is the gold standard for genuine tax reform and Mr. Trump’s plan obviously falls short by […]
[…] line is that Bush’s tax plan isn’t a touchdown. Like the Rubio plan and Paul plan, it’s not a Hall-Rabushka flat tax, which is the gold standard for tax reform. But it’s a big step in that direction. Bush takes the […]
[…] Bush’s tax plan isn’t a touchdown. Like the Rubio plan and Paul plan, it’s not a Hall-Rabushka flat tax, which is the gold standard for tax reform. But it’s a big step in that direction. Bush takes […]
[…] than other taxes, such as the payroll tax (which, after all, is a comparatively less-destructive flat tax on labor […]
[…] Perhaps the tax increases that he supports would be offset by tax cuts elsewhere, which is what would happen with major tax reform proposals such as the flat tax. […]
[…] of statists. You could show them all the data and evidence in the world, for instance, that a flat tax would boost prosperity, and they’ll simply shrug and tell you to jump in a lake because […]
[…] size of government is determined, then lawmakers should seek to finance that public sector with a tax system that minimizes penalties on work, saving, investment, risk-taking, and […]
[…] the way, the same principle applies to the tax system. The political elites often argue against a flat tax because it would be a boon to the […]
[…] the way, the same principle applies to the tax system. The political elites often argue against a flat tax because it would be a boon to the […]
[…] I’m very fond of Estonia, and not just because of the scenery. Back in the early 1990s, it was the first post-communist nation to adopt a flat tax. […]
[…] And maybe if there are continued cuts and the current tax system actually does become unenforceable at some point, maybe politicians could be convinced to replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] And maybe if there are continued cuts and the current tax system actually does become unenforceable at some point, maybe politicians could be convinced to replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] And maybe if there are continued cuts and the current tax system actually does become unenforceable at some point, maybe politicians could be convinced to replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] Back in the early 1990s, it was the first post-communist nation to adopt a flat tax. […]
I know you like this flat tax for income but …
By way of example, 5% of someone making $17,000 is a harder hit than 5% of some ill-qualified national representative making $375.00 per year. At income ends, the flat tax is unfair in its burden. In the middle range not so much.
Maybe if it was 2% on people who vote independent; 5% for those who vote for Conservatives, 95% for individuals who voted for Liberals, then flat taxes would be agreeable…. and correctly proportioned. ©2015
How about “pay what they have earned tax”; the less elected officials do for The People the less money they get. Caveat: No entitlement programs of any sort allowed. ©2015
[…] If we want a pro-growth and non-corrupt tax code, we’ll have to eviscerate the IRS with a flat tax. […]
[…] have become addicted to subsidies. In some cases, they’re right about short-run costs. A flat tax, for instance, might cause temporary dislocation for some sectors such […]
[…] that have become addicted to subsidies. In some cases, they’re right about short-run costs. A flat tax, for instance, might cause temporary dislocation for some sectors such as housing and […]
[…] For what it’s worth, I’m mystified why pro-growth policy makers don’t simply latch onto an unadulterated flat tax. […]
[…] For what it’s worth, I’m mystified why pro-growth policy makers don’t simply latch onto an unadulterated flat tax. […]
[…] conflicted. As a fan of the flat tax, I obviously don’t want government to micro-manage the economy with back-door industrial […]
[…] of this reckless endangerment would be an issue if we had a simple territorial tax system like the flat tax. Under such a simple and fair system, only income inside America’s borders would be taxed (unlike […]
[…] of this reckless endangerment would be an issue if we had a simple territorial tax system like the flat tax. Under such a simple and fair system, only income inside America’s borders would be taxed […]
[…] that it’s right to push good policy, regardless of the political situation. Since I’m a strong advocate for a flat tax even though it isn’t likely to happen, I can’t argue with this […]
[…] why I’m a big advocate of a simple and fair flat tax, which has several desirable […]
[…] of the World, the small Baltic nation quickly moved to reduce the burden of government (including a flat tax) and Estonia consistently has been in the top 20 of all […]
[…] what did the IMF recommend? A flat tax? Elimination of certain taxes? Reductions in double taxation? Lowering the overall tax […]
[…] I’m a huge fan of a simple and fair flat tax. […]
[…] not nearly as hostile, I must confess, as the treatment I got when speaking about the flat tax to a group of tax lobbyists for big […]
[…] H&R Block that benefit from an unfair and convoluted tax code. Under a simple and fair system like the flat tax, they would go out of business. But a deduction for tax preparation costs simply allows a taxpayer […]
[…] H&R Block that benefit from an unfair and convoluted tax code. Under a simple and fair system like the flat tax, they would go out of business. But a deduction for tax preparation costs simply allows a taxpayer […]
[…] H&R Block that benefit from an unfair and convoluted tax code. Under a simple and fair system like the flat tax, they would go out of business. But a deduction for tax preparation costs simply allows a taxpayer […]
[…] With so many Americans currently filled with anxiety about their annual tax forms, this is the time of year that many people wistfully dream about how nice it would be to have a simple and fair flat tax. https://danieljmitchell.wordpress.com/2010/03/29/the-flat-tax-good-for-america-bad-for-washington/ […]
[…] With so many Americans currently filled with anxiety about their annual tax forms, this is the time of year that many people wistfully dream about how nice it would be to have a simple and fair flat tax. […]
[…] April 15, 2015 By Daniel J. Mitchell With so many Americans currently filled with anxiety about their annual tax forms, this is the time of year that many people wistfully dream about how nice it would be to have a simple and fair flat tax. […]
[…] With so many Americans currently filled with anxiety about their annual tax forms, this is the time of year that many people wistfully dream about how nice it would be to have a simple and fair flat tax. […]
[…] P.P.S. The best (i.e., least worst or least destructive) approach to taxation is the flat tax. […]
[…] that doesn’t mean it is as good as the flat tax, which does everything good in Rubio-Lee, but also has a low rate for households and fewer tax […]
[…] it’s also conceptually similar to the flat tax. Both have one rate. Both have no double taxation. And both (at least in theory) have no special […]
[…] Remarkably, they find that the best way of maximizing revenue is to minimize the economic damage of the tax system. And that means…drum roll, please…a flat tax. […]
[…] belief in equal treatment is one of the reasons I support the flat tax. As an economist, I like the pro-growth impact of tax reform. But as someone who believes in […]
[…] belief in equal treatment is one of the reasons I support the flat tax. As an economist, I like the pro-growth impact of tax reform. But as someone who believes in […]
Perhaps this explains why a flat tax is unfair. Your argument employs the basic blunder of confusing nominal and relative figures. A flat tax is essentially a regressive tax in real terms because it affects the poor significantly more in when you look at the fraction of their income & wealth that is being taken away. Thats rather non-existent economic thinking for a so-called “tax expert.” B.S. static like this just interferes the good ideas our party has to contribute and is the reason it’s dying.
– a young republican, who is closing on a million in net worth and doesn’t mind assuming a real fair share of the tax burden
[…] In a good world, we could at least replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] In a good world, we could at least replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] In a good world, we could at least replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] Remarkably, they find that the best way of maximizing revenue is to minimize the economic damage of the tax system. And that means…drum roll, please…a flat tax. […]
[…] Remarkably, they find that the best way of maximizing revenue is to minimize the economic damage of the tax system. And that means…drum roll, please…a flat tax. […]
[…] Replace the corrupt and punitive internal revenue code with a simple and fair flat tax that raises necessary revenue in the least-destructive and least-intrusive manner […]
[…] Replace the corrupt and punitive internal revenue code with a simple and fair flat tax that raises necessary revenue in the least-destructive and least-intrusive manner […]
[…] all good tax reform plans, such as the flat tax, are based on “territorial taxation,” which is the common-sense principle that […]
[…] all good tax reform plans, such as the flat tax, are based on “territorial taxation,” which is the common-sense principle that […]
[…] Any decent person, after looking at the link between capital and wages, should be clamoring for the flat tax. […]
[…] good tax system (like the flat tax) does not impose extra layers of tax on income that is saved and […]
[…] Any decent person, after looking at the link between capital and wages, should be clamoring for the flat tax. […]
[…] if our tax system was this simple, and that’s basically how the business portion of the flat tax operates, but that’s not how the current tax code […]
[…] that’s exactly what you get with a flat tax, which is a system where you don’t even need a Cadillac tax because there’s no […]
[…] what it’s worth, I don’t care about the answers to these questions because I favor a simple and fair flat tax that doesn’t punish people for contributing more to the economy’s output. I simply want the […]
[…] what it’s worth, I don’t care about the answers to these questions because I favor a simple and fair flat tax that doesn’t punish people for contributing more to the economy’s output. I simply want […]
[…] a law to repeal Obamacare. Laws also would need to be changed to reform entitlements, or adopt a flat tax. And some laws are benign, such as the enactment of Dairy Goat Awareness Week or naming a federal […]
[…] stated, a flat tax would be a wonderful outcome to this latest IRS scandal. But for reasons I’ve already explained, I’m not holding my breath […]
[…] It’s worth noting that all good tax reforms, such as the flat tax, completely abolish the capital gains […]
[…] like the idea of lowering rates and reducing deductions since that moves the system closer to a flat tax. That being said, it’s difficult to reduce the tax burden on the lower middle class since they […]
[…] For Heaven’s sake, let’s rip up the entire tax system and replace it with a simple and fair flat tax. […]
[…] let’s pass the flat tax, but never forget that a disproportionate share of bad people seem drawn to […]
[…] a big fan of Estonia, which has made big strides thanks to the flat tax and other free market […]
[…] here’s my video describing why the right kind of flat tax is a good […]
[…] worth noting, by the way, that all major pro-growth tax reforms (such as the flat tax) would replace worldwide taxation with territorial taxation. So Walgreen wouldn’t have any […]
[…] 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. […]
[…] That’s why I like the flat tax. […]
[…] Today’s Byzantine system is good for tax lawyers, accountants, and bureaucrats, but it’s bad news for America. We need to wipe the slate clean and get rid of this corrupt mess. And you know how to make that happen. […]
[…] 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. […]
[…] instance, I want to replace the IRS in Washington with a simple and fair flat tax in part because I don’t want the government to discriminate based on the source of income, […]
[…] The right approach is to get government out of housing altogether. That means getting rid of the Department of Housing and Urban Development. It means privatizing Fannie Mae and Freddie Mac. It even means eliminating preferences for housing in the tax code as part of a shift to a simple and fair system like the flat tax. […]
[…] best way of fixing the mess in health insurance, for what it’s worth, is a flat tax. This is because the “healthcare exclusion” is repealed and compensation in the form of fringe […]
[…] best way of fixing the mess in health insurance, for what it’s worth, is a flat tax. This is because the “healthcare exclusion” is repealed and compensation in the form of […]
[…] since Ukraine (notwithstanding it’s flat tax) has a very statist economic system – ranking only 126th in the Economic Freedom of the World […]
[…] in 1995, tax reform was a hot issue. The House Majority Leader, Dick Armey, had proposed a flat tax. Congressman Billy Tauzin was pushing a version of a national sales tax. And there were several […]
[…] in 1995, tax reform was a hot issue. The House Majority Leader, Dick Armey, had proposed a flat tax. Congressman Billy Tauzin was pushing a version of a national sales tax. And there were several […]
[…] Maybe we should save the IRS bureaucrats from potential legal trouble by scrapping the internal revenue code and replacing it with a simple and fair flat tax. […]
[…] Maybe we should save the IRS bureaucrats from potential legal trouble by scrapping the internal revenue code and replacing it with a simple and fair flat tax. […]
[…] wonderful if our tax system was this simple, and that’s basically how the business portion of the flat tax operates, but that’s not how the current tax code […]
[…] if our tax system was this simple, and that’s basically how the business portion of the flat tax operates, but that’s not how the current tax code […]
[…] if our tax system was this simple, and that’s basically how the business portion of the flat tax operates, but that’s not how the current tax code […]
[…] is also my view on the flat tax. I would prefer no income tax, and America did quite well with that approach until 1913. But if […]
[…] That’s even less likely than Obamacare succeeding. Or politicians surrendering some of their power by enacting a flat tax. […]
[…] That’s even less likely than Obamacare succeeding. Or politicians surrendering some of their power by enacting a flat tax. […]
I agree that a flat tax is the best way to go with total taxation. I cannot afford attorneys & other specialists to try and find the ways I can decrese my wife & I the taxes we now pay & this is after I have retired. May the Lord take control over the way we are now represented by out Federal Goveernment. They cannot get the problem solved! YOU CANNOT SPEND MORE MONEY AND CONTINUE TO EXIST IN AMERICA. God Bless & Have a Great Year.
[…] answer, at least for a period of time, in the flat tax. This video explains how this simple and fair system would […]
[…] decided, perhaps for selfishly sentimental reasons, that the worst development was repeal of the flat tax in Slovakia and the Czech […]
[…] care liberalization also means a flat tax, not only for the pro-growth impact of lower tax rates, but also because it gets rid of the internal […]
[…] a few days ago about the possibility of replacing the corrupt internal revenue code with a flat tax. Either now or in the […]
[…] Soviet Empire, they’ve never enjoyed a free-market, small-government economy. But with the flat tax, they had at least one pro-growth […]
[…] That being said, anxiety about big government may lead to big political changes in 2014 and 2016, and those political changes may then lead to big policy changes such as entitlement reform and tax reform. […]
[…] That being said, anxiety about big government may lead to big political changes in 2014 and 2016, and those political changes may then lead to big policy changes such as entitlement reform and tax reform. […]
[…] not all roads lead to Rome. Proponents of the flat tax and sales tax want to replace the income tax. That would be a very positive […]
[…] tax, they’ll want to know about everything you own. None of that would be necessary if we had a flat tax or a national sales […]
[…] being said, we’ll never fix a corrupt tax code or reform bankrupt entitlement programs unless there are new laws to replace old laws that created […]
[…] they’ll want to know about everything you own. None of that would be necessary if we had a flat tax or a national sales […]
[…] 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 […]
[…] by union bosses and out-of-state billionaires, yet they easily prevailed and Colorado’s flat tax is safe. At least for […]
[…] Amendment 66 in Colorado, a ballot initiative that would eliminate the state’s 4.63 percent flat tax and replace it with a so-called progressive tax regime with rates of 5 percent and 5.9 […]
[…] One of my missions in life is fundamental tax reform. I would like to replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] One of my missions in life is fundamental tax reform. I would like to replace the corrupt internal revenue code with a simple and fair flat tax. […]
[…] is why I try to be careful not to overstate the potential benefits of reforms I like, such as the flat tax. Yes, we would get better growth and there would be less corruption in Washington, but tax reform […]
[…] In my libertarian fantasy world, I have a list of priorities. I start with big things like entitlement reform and flat tax. […]
[…] In my libertarian fantasy world, I have a list of priorities. I start with big things like entitlement reform and flat tax. […]
[…] currently is one of the bottom 10, but that will soon change because of reforms – including a flat tax – that were enacted this year. As the Tax Foundation noted: “While the state remains […]
You’re not proposing a real “flat tax”. You’re proposing a proportional tax.
Here’s the difference
Income: Flat Tax Proportional Tax
100,000 10,000 10,000
1,000,000 10,000 100,000
Why should some maker on only $1,000,000 per year have to pay ten times more tax than a taker on only $100,000?
And then it gets worse:
Income Flat Tax Proportional Tax
0 10,000 0
A true flat tax treats everyone equally: everyone pays the same dollar amount.
[…] I’d like it even better if some of my ideas actually wound up being implemented (like the flat tax or smaller government), but at least it’s nice to be […]
[…] 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 […]
[…] 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 most of […]
[…] Why? Because it’s actually a form of 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 […]
[…] in mind that all of these problems would disappear if we had the right kind of tax system, such as the flat tax, and didn’t let the tentacles of the IRS extend beyond America’s […]
[…] and invested, which is contrary to the principles of neutrality in pro-growth plans such as the flat tax and national sales […]
[…] La Suède et l'Allemagne font partie des trois pays ayant réduit leurs dépenses publiques en pourcentage du PIB, et ces pays sont dans de meilleures situations que leurs voisins européens. La Suisse n'appartient pas à l'Union Européenne et n'est donc pas inclue dans le graphique de Constantin, mais les dépenses de l’État suisse ont également été réduites pendant la période étudiée ; on constate aussi que son économie est en meilleur état que celle de ses voisins. La morale de cette histoire est simple : réduire le poids des dépenses publiques est la recette gagnante pour une croissance forte et durable. La croissance apparaît lorsque les politiciens se détournent d'une politique fiscale de « lutte des classes » et cherchent à prélever des impôts ayant un impact minimum sur l'économie. […]
[…] 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. […]
[…] The right approach is to get government out of housing altogether. That means getting rid of the Department of Housing and Urban Development. It means privatizing Fannie Mae and Freddie Mac. It even means eliminating preferences for housing in the tax code as part of a shift to a simple and fair system like the flat tax. […]
[…] The right approach is to get government out of housing altogether. That means getting rid of the Department of Housing and Urban Development. It means privatizing Fannie Mae and Freddie Mac. It even means eliminating preferences for housing in the tax code as part of a shift to a simple and fair system like the flat tax. […]
[…] 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. […]
[…] I also made the point that the best way to undermine tax havens is to make our tax system fair and reasonable with something like a flat 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 […]
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Many thanks
Hello there. I’m wondering if you might be interested in doing a link swap? I notice your blog: https://danieljmitchell.wordpress.com/2010/03/29/the-flat-tax-good-for-america-bad-for-washington/ and my blog are based mostly around the same subject matter. I’d love to swap
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[…] a big fan of the flat tax as a way of neutering the punitive and convoluted internal revenue code in […]
[…] on closer inspection, I don’t think this will lead to a simple and fair system like the flat tax. Or even a national sales tax (assuming we could trust politicians not to pull a bait-and-switch, […]
[…] a solution to this inequity. I invite Americans of all sexual preferences to defend marriage by embracing the flat tax, which – in addition to all the other good things it does – gets rid of the marriage […]
[…] a solution to this inequity. I invite Americans of all sexual preferences to defend marriage by embracing the flat tax, which – in addition to all the other good things it does – gets rid of the marriage […]
[…] For Heaven’s sake, let’s rip up the entire tax system and replace it with a simple and fair flat tax. […]
[…] For Heaven’s sake, let’s rip up the entire tax system and replace it with a simple and fair flat tax. […]
[…] For Heaven’s sake, let’s rip up the entire tax system and replace it with a simple and fair flat tax. […]
[…] with personal retirement accounts. And while the plan contains a flat tax, it’s not the pure Hall-Rabushka version. One of the most alarming deviations, to cite just one example, is that it creates a tax preference […]
[…] he implemented a flat tax in Russia, I don’t think of Vladimir Putin as a supporter of free […]
Yes! Finally someone writes about flat rate movers nyc.
[…] stated, a flat tax would be a wonderful outcome to this latest IRS scandal. But for reasons I’ve already explained, I’m not holding my breath […]
[…] stated, a flat tax would be a wonderful outcome to this latest IRS scandal. But for reasons I’ve already explained, I’m not holding my […]
[…] like the idea of lowering rates and reducing deductions since that moves the system closer to a flat tax. That being said, it’s difficult to reduce the tax burden on the lower middle class since they […]
[…] like the idea of lowering rates and reducing deductions since that moves the system closer to a flat tax. That being said, it’s difficult to reduce the tax burden on the lower middle class since […]
[…] 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 […]
[…] in the tax code. Ideally, we would junk the 74,000-page internal revenue code and replace it with a simple and fair flat tax – meaning one low rate, no double taxation, and no […]
[…] let’s pass the flat tax, but never forget that a disproportionate share of bad people seem drawn to […]
[…] let’s pass the flat tax, but never forget that a disproportionate share of bad people seem drawn to […]
[…] Today’s Byzantine system is good for tax lawyers, accountants, and bureaucrats, but it’s bad news for America. We need to wipe the slate clean and get rid of this corrupt mess. And you know how to make that happen. […]
[…] here’s my video describing why the right kind of flat tax is a good […]
[…] Today’s Byzantine system is good for tax lawyers, accountants, and bureaucrats, but it’s bad news for America. We need to wipe the slate clean and get rid of this corrupt mess. And you know how to make that happen. […]
[…] here’s my video describing why the right kind of flat tax is a good […]
[…] here’s my video describing why the right kind of flat tax is a good […]
[…] Not only a rate of 20 percent, but a flat tax! […]
[…] Maybe Mathis can become a national spokesman for tax reform after he retires from […]
[…] 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 […]
[…] 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. […]
[…] 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. […]
[…] another argument for the flat tax. If there’s no charitable deduction, there’s no opening for a politically biased IRS […]
[…] 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 […]
[…] 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 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 […]
[…] 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. […]
[…] 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 […]
[…] 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. […]
[…] that the system should only tax income one time, and it’s how income is defined for both the flat tax and national sales […]
[…] they kept their flat tax systems, showing some appreciation for the common-sense insight that you don’t get more […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good 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 […]
[…] 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 […]
[…] I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good tax […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] Maybe, in a parallel universe where politicians are motivated by liberty, we can even get entitlement reform and a flat tax. […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] In other words, I said we should rip up the wretched internal revenue code and implement a simple and fair flat tax. […]
[…] a big fan of the flat tax as a way of neutering the punitive and convoluted internal revenue code in […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] Why? Because it’s actually a form of 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 […]
[…] In other words, I said we should rip up the wretched internal revenue code and implement a simple and fair 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. […]
[…] Why? Because it’s actually a form of flat tax. […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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. […]
[…] 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. […]
[…] spending reductions, but at least they focused primarily on spending and preserved their attractive flat tax systems. No wonder growth has rebounded in these […]
[…] Sweden adopts a flat tax and figures out how to cancel winter, I may have to move […]
[…] a strong believer in fundamental tax reform. We need a system like the flat tax to improve 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 […]
[…] here’s the video on the flat tax, which explains why low tax rates are good for economic […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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) […]
[…] 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. […]
[…] 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. […]
[…] 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 […]
[…] right answer is the flat tax. Put in place the lowest-possible tax rate, which is feasible because all loopholes are wiped […]
[…] 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 […]
[…] 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 […]
[…] 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 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 […]
[…] 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 […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] I also think the flat tax will boost the economy’s performance, largely because lower tax rates are the key to good tax […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] In other words, I said we should rip up the wretched internal revenue code and implement a simple and fair flat tax. […]
[…] 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? […]
[…] 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, […]
[…] both the flat tax and national sales tax are based on territorial taxation, and most other countries actually are […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] for the flat tax because I don’t want government to discriminate based on how people earn their income, how they […]
[…] for the flat tax because I don’t want government to discriminate based on how people earn their income, how […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] 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, […]
[…] 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, […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] Sweden adopts a flat tax and figures out how to cancel winter, I may have to move […]
[…] 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 […]
[…] 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 […]
[…] conservative party, so what did the new government announce? A flat tax to boost growth? Sweeping deregulation to get rid of […]
[…] 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 […]
[…] 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 […]
[…] 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 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 […]
[…] fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of […]
[…] 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 […]
[…] 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) […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] 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. […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
[…] 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. […]
[…] 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” […]
[…] 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 […]
[…] 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 […]
[…] do the flat tax and national sales tax (and even the value-added tax) have in […]
[…] 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. […]
[…] 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? […]
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
[…] 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 […]
[…] 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 […]
[…] 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 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 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. […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
[…] fairness doesn’t mean treating everyone equally by adopting a flat tax. Instead, it means a class-warfare policy of higher 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 […]
[…] 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. […]
[…] For more information, here’s my flat tax video. […]
[…] For more information, here’s my flat tax video. […]
[…] 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 […]
[…] 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 […]
[…] 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 […]
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?”
[…] 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 […]
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.
[…] 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 […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] 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? […]
[…] 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 […]
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 […]
[…] 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 […]
[…] 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. […]
[…] 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 […]
[…] 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 […]
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///
[…] 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 […]
[…] 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. […]
[…] 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? […]
[…] 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 […]
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[…] 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 […]
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
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…”