Quote:
Originally Posted by crockett
I've always supported a flat tax on earned income then do away with the IRS completely. The only reason the tax code has been made so complicated, is so big corporate entities could get away with paying as little as possible.
If a flat tax was collected on all earned income, the tax rate for everyone would likely drop dramatically to something in the mid to high 20% range. The reason it's as high as it is now, is because so much money goes untaxed due to tax breaks so what is taxes has to be taxed harder.
Flat tax on sales on the other hand is bad idea, because it discourages buying.
Trump however is still a dumb fuck..
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a flat tax is a good idea but doing it on income isnt, a consumption based tax is far better. The Fair Tax has its merits and as out of touch as Huckleberry Huckabee is he is right in that the underground economy in this country is HUGE...and those people pay no taxes at all...many even get public assistance.
One thing everyone agrees on I think is that the tax code is WAY out of hand and the IRS needs to go