In response to:

Time to Get Rid of Tax Preferences for Housing in the Internal Revenue Code

InsightingTruth Wrote: Dec 21, 2012 8:51 AM
A flat tax is not the best answer. Any tax on income necessarily leaves in place all the onerous aspects of the current tax system save the complexity. No tax, is the best tax, but since some form of taxation is necessary, a consumption tax is the next best tool to support legitimate government services. (Value Added Tax is not a consumption tax, it is an endlessly compounding production tax, and it must be avoided at all costs.)

Even though I knew some people would call me Scrooge, I wrote a few days ago about why we should get rid of the tax deduction for charitable contributions in exchange for lower tax rates.

Simply stated, I’m a big advocate of fundamental tax reform, and I would like to scrap the corrupt internal revenue code and replace it with a simple and fair flat tax.

Needless to say, that also means getting rid of tax preferences for housing. I make the case against...