In response to:

The Tax-Code Mess

EdFix Wrote: Apr 21, 2012 8:30 AM
Forget the flat tax. Our tax system started out as a flat tax, although you could argue there were two tax brackets--0 and 10%, as the tax was only levied on the wealthy. After the system had grown into a pyramid with rates as high as 90%, in the 80's Reagan's reform flattened it to only 3 brackets. It has now grown back to, what, 6 brackets? With a surtax here and an AMT there, etc. Flat taxes sound nice, but don't work. They don't stay flat. The Fair Tax makes it none of the Government's business how much money I make, or how much I spend. So two words: Fair Tax.
poorgrandchildren.com2 Wrote: Apr 21, 2012 8:38 AM
We tried something close to a flat tax under Reagan (three brackets) and you can see where that went. The ball is in our court to force our DC employees to pass the Fair Tax.
Joseph64 Wrote: Apr 21, 2012 11:07 AM
A flat tax with one tax bracket for all would be better because if you taxed everyone, say, 15% of their income it would apply whether that person made $10,000 or $10 million. Everyone would pay their fair share. Why should anyone pay a higher percentage of their income than anyone else? Aren't we all supposed to enjoy equal treatment under the law? How is taxing the rich more heavily then everyone else while allowing the poor to pay nothing for the benefits of citizenship equal treatment? I prefer a consumption tax in place of all other federal taxes, myself, but a flat tax that everyone pays regardless of income would be second best.
Joseph64 Wrote: Apr 21, 2012 11:18 AM
Oh, and the idea of the prebate that is included in the proposed fair tax is no better than the current system where the poor enjoy all the benefits of citizenship while paying little to nothing in taxes. Eliminate the prebate and it might be a better idea. Every citizen of this country should be paying something whether they are rich or poor or else if they aren't paying taxes, then they should not have the same rights as everyone else.
Joseph64 Wrote: Apr 21, 2012 11:19 AM
Why should someone who has no skin in the game have a say in what my hard earned tax dollars get spent on?

In recent weeks President Obama has been on a quixotic search-and-destroy mission for the few remaining millionaires who aren't already paying a huge pile of taxes. Meanwhile, the rest of us face the real-world struggles of filing our IRS returns and dealing with the hugely complex tax system that the president has done nothing to fix.

The federal tax code is getting uglier every year as politicians from both parties add more credits, deductions and other special breaks. In the first year of the income tax in 1913, the 1040 tax form came with just one page of instructions. This...