Bill Rollyson's Blog – May 2012 Archive (2)

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…

Point one:

                There are no perfect apples

                 There are no perfect tax systems

Point two:

                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

Point three:

                Some people will imagine every spot in an apple to be a wormhole

                Some people will try to…