1) They increase the perception government is free to a wider audience.
I remember in 1999, Steve Forbes stated the average family of four wouldn't pay taxes on the first $34,000 under his flat income tax proposal. Every plan I've seen (I haven't seen details of either Romney's or Ryan's tax plan; only an outline), has a higher initial exempted amount to counter claims they would hurt the poor. By doing so, they are extending the number of people who believe…Continue
A Case Against the Flat Income Tax
I’ll start with full disclosure; I’m a long time supporter of the FairTax. Over the years, I’ve heard every possible objection to adopting it. None of them dissuade me from my support. We should always compare it to what we currently have and what other actual bills are in Congress, not someone’s idea of perfection.
Everyone agrees the tax code is a mess today. The problem is…Continue
There are no perfect apples
There are no perfect tax systems
Every apple will have some spot, bruise or other blemish either on the outside or inside
Every tax system will have some costs and some “blemish” to deal with
Some people will imagine every spot in an apple to be a wormhole
Some people will try to…Continue