Posted on 06/17/2015 7:23:05 PM PDT by DugwayDuke
Don't know if the link will work for you since it's probably behind a pay for usage wall. In summary, Rand Paul, in a Wall Street Journal Opinion tomorrow, will propose a complete rework of the federal tax code. Quote: "My tax plan would blow up the tax code and start over. In consultation with some of the top tax experts in the country, including the Heritage Foundation’s Stephen Moore, former presidential candidate Steve Forbes and Reagan economist Arthur Laffer, I devised a 21st-century tax code that would establish a 14.5% flat-rate tax applied equally to all personal income, including wages, salaries, dividends, capital gains, rents and interest. All deductions except for a mortgage and charities would be eliminated. The first $50,000 of income for a family of four would not be taxed. For low-income working families, the plan would retain the earned-income tax credit."
(Excerpt) Read more at wsj.com ...
Kills it for me right there.
Yes...start over, but in the end, abolish the IRS.
Randi, if they did that, they’d start at 100% and work their way down. If at all.
Actually, the link works. You don’t have to be a subscriber to see the article.
Sales tax.
That’s it.
The freer the market and better the economy, the more money the government has.
The more they screw up the economy, the less they have.
Feedback - it works wonders.
I agree. I admit I’m not a big fan of RP probably because I think his dad is a kook. Still, this is an interesting proposal I thought freepers would find interesting.
Nothing will work as long as the 16th Amendment remains the law of the land.
agreed no irs or direct taxation ever again. no personal information allowed on any transaction.
The rest of the 75,000 pages are about what is or is not income.
A wage earner might see a bit of simplification, but a business never will.
A sales tax might reduce paperwork, but the VAT tax in Europe suggests that even that can generate huge amounts of paperwork to identify what should be taxed and prove that it was taxed.
10%.
No deductions, credits, or loopholes.
The worst of the Progressive Amendments must go. The 16th Amendment would be too great a temptation for the Congress, like leaving a full keg inside an alcoholic's house.
I tried both links, and they both ask me to register.
I’m not sure that’s the plan I’d go with but Rand is right we need a total do over on the tax code and so that it mostly gets rid of the IRS.
Copy the article title & plug it into Bing, Google, whatever you use for searches. When the article shows up, just click on it. The whole article will be visible, not just the first couple of sentences with the rest ‘grayed’ out. Works every time I’ve ever tried it. No registration required, either.
You can’t blow up the tax code. It has 6 foot thick concrete walls reinforced with 1” rebar and it is buried 50’ below ground.
Its not going anywhere
Poor Rant.
President Cruz will:
(1) Abolish the IRS
(2) Institute a Flat Tax
(3) Make tax filings simple enough as filling out a postcard.
(4) Reassign IRS manpower to secure southern border
Thanks for playing, Rant.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.