You are correct, now answer the question you and D Armey raising. What are the odds of repealing the 16th amendment???? Since we can't even get a judge passed, I'm saying the odds of repealing the 16th amendment are slim and none.
SO in the abscence of repealing the 16th amendment what is better a Flat Tax or a NRST????
IMO a Flat Tax is the lesser of the many evils we face. BTW the Aremy Flat Tax is a Tax cut for almost all Americans, HR 25 is 'revenue neutral, no tax cut, they take just as much money from us.
SO in the abscence of repealing the 16th amendment what is better a Flat Tax or a NRST????
NRST because it repeals the current income tax system, destroys taxpayer records, moves the administration and collection of taxes under state administration, totally destroying the federal income/payoll tax infra-structure we have today, placing a filibuster and large public opinion barrier to re-enactment of an income tax anytime in the near future while we work to repeal the 16th after making income taxes obsolete and history. A much easier task that what we have had to face the last 100 years with income taxes lock into the fabric of government working against us.
Bottomline, the Flat Tax is still an income tax, infact is a progressive wage tax with a subtraction method VAT. In international trade, the flat tax falls flat on its face in resolving any issues concerning border adjustibility leaving US manufactures in the lurch, and folks like Bruce Bartlett & NCPA with all the more ammunition to take that one more step into a full fledged EU style voucher/credit system VAT with income tax.
Furthermore, we know where any income tax leads through 100years of experience with them, we see the result before us today.
"A hand from Washington will be stretched out and placed upon every man's business; the eye of the federal inspector will be in every man's counting house....The law will of necessity have inquisical features, it will provide penalties, it will create complicated machinery. Under it men will be hauled into courts distant from their homes. Heavy fines imposed by distant and unfamiliar tribunals will constantly menace the tax payer. An army of federal inspectors, spies, and detectives will descend upon the state."
-- Virginian House Speaker Richard E. Byrd, 1910, predicting the consequences of an income tax.
The Flat Tax does not one single thing to change that fact of life, in fact because of it large personal exemptions it assures and ever growing constituency for spending and governement growth that has no visible participation or stake in maintaining lower tax rates or less government.
BTW the Aremy Flat Tax is a Tax cut for almost all Americans,
Which is why it will never get out of committee and is merely a distraction from the real debate going on. Tax reform is about addressing fundamental structural problems in our tax system, not tax rates. We already have bill providing tax cuts and more to come, problem they do nothing to address the core problems of the system that exists and are nothing more than window dressing the same as the Flat Tax is. The Reagan tax cuts flattened down to 3 brackets and deceased rates, just turned out to be more excuse to make the tax code all the more complex, put more voters on the bennie lists and grow government.
Bush touts relief as tax day looms
Another 3.9 million Americans will have their income tax liability completely eliminated, officials said.
That's 3.9 million Americans more added to the spending constituency of 70% of the public clamoring for more from government, expecting someone else to foot the bill.
All Flat Tax lite will do is shuffle the chairs some more and hiding the load under business taxes just like its cousion the voucher/credit VAT does.
Sorry but NO thanks, I'll go with the NRST where people perceive the real burden of government growth and can react to it, rather than go with a VAT lite looking to growup and be like its guerilla cousin in the EU.
"BTW the Aremy Flat Tax is a Tax cut for almost all Americans, HR 25 is 'revenue neutral, no tax cut, they take just as much money from us."
If it isn't revenue neutral, then it isn't even in the running, because the President has said that that is a requirement.