Quote:
Originally Posted by mikesouth
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
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A flat tax on sales wouldnt work, because it shifts the bulk of the tax burden on the middle and lower classes. It also requires the tax to be much higher than if it was on the income.
Tax should always be income based because tax should be on what is earned vs what is bought. People aren't going to stop earning because you tax them, but they will certainly stop buying things they don't need if the tax is too high.