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To: taildragger
I'd take it further--hence the reason for my tagline.

The IRS itself has literally become a ravenous monster that:

1) Costs Americans nearly US$500 BILLION per year in compliance costs.
2) Favors too much debt financing (we know how well that went!).
3) Sends US$15 TRILLION out of the US financial system for income tax avoidance purposes. Care to explain why the underground economy has exploded lately and all those "banks" on various Caribbean nations?
4) Forces American companies to outsources jobs by the many millions for tax avoidance reasons.
5) Tramples on the rights of citizens on an unimaginable scale

This is flat-out lunacy. We need to either get Forbes' flat tax or the even more radical FairTax to replace the current income tax system to stop the problems I mentioned and foster REAL economic recovery and future growth.

6 posted on 01/28/2010 4:16:55 AM PST by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88
Agree....

I have taked @ length with CPA's and Enrolled Agents I know and their assessment is this...

Flat Tax can become a reality as an alterative within the exisiting code via Congress making that a reality. The old 1040 etc would be phased out as the new system becomes the norm. ITHO they can't see the Fair happening because of Congress, it will be hard enough to get the flat tax option.

This is the way they see it happening not to save their jobs, but these politically astute folks are realist when it comes to Congress. Have you talked to any CPA's etc to get their assessment?

7 posted on 01/28/2010 4:22:28 AM PST by taildragger (Palin/Mulally 2012)
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