In response to:

Flat Tax or Fair Tax?

Anonymous3224 Wrote: Jan 31, 2013 1:14 AM
Except the problem with a flat tax is, what about those who have no reportable income? What about those who live in the underground economy? Do they get to pay zero taxes while those who are working honest jobs send their money to Washington? The FairTax would affect all citizens equally. If you don't earn any income--say you're living off an inheritance or you've got a lot of money saved up--then you beat the flat tax. And isn't one of the big problems of our current tax system that not every citizen pays? Every person in the country buys things. There are ways you can avoid paying a flat tax, but you can't avoid shopping. With the FairTax, EVERYONE pays their taxes. Only fair, right?
blueridgegranny Wrote: Jan 31, 2013 7:09 AM
Remember, the tax - as the bill is written - is only on new items. Not used.
Rhcrest Wrote: Jan 31, 2013 5:34 AM

I’m at Hillsdale College in Michigan for a conference on taxation. The event is called “The Federal Income Tax: A Centenary Consideration,” though I would have called it something like “100 Years of Misery from the IRS.”

I’m glad to be here, both because Hillsdale proudly refuses to take government money (which would mean being ensnared by government rules) and also because I’ve heard superb speeches by scholars such as Amity Shlaes (author of The Forgotten Man, as well as a

Related Tags: Tax