Flat tax is the only way to go. 15% across the board. No shelters, no loopholes, no exemptions. No modifications to the tax code for 200 years. Government must live beneath its means until the national debt is paid off and then it can only live within its means thereafter. Period. End of story.
And I don't buy this "Congress passed what was essentially a flat tax" in 1986 bullcrap. Whenever someone qualifies something as being "essentially" something, it's typically not. Indeed, it's an absurd oversimplification of what was truly passed by Congress. Moreover, it is patently disingenuous of Mr. Boortz to claim it was any kind of "flat tax" at all. Those of us who were paying taxes at the time remember all too well what we actually got back then: shafted by the tax-and-spend Liberals of both parties.
I paid tons of tax on my income in the 1980's and 1990's. Be damned if I'll sit still for their coming back for another scoop of my savings after I've saved it and paid all sorts of other taxes on it already.
What you forget is that with a Flat Tax, the IRS is still in place and the IRS still has the authority to bend you over and scr... I mean audit you into bankrupcy. Also, the original Income Tax was a Flat Tax, by supporting a Flat Tax you are making the same mistake that was done with Income Tax a century ago.
The Fair Tax/HR-25/National Retail Sales Tax is the only way to go because it abolishes the IRS.
"Flat tax is the only way to go. 15% across the board. No shelters, no loopholes, no exemptions. No modifications to the tax code for 200 years. Government must live beneath its means until the national debt is paid off and then it can only live within its means thereafter. Period. End of story."
What is the bill number for that proposal? How many co-sponsors does it have?
"And I don't buy this 'Congress passed what was essentially a flat tax' in 1986 bullcrap."
That is your option. Here are the facts. What the 86 TRA did was to essentially flatten the rate chart to two levels and eliminate a number of deductions. It was an effort to simplify, among other things. Although not a pure flat-tax (with a single rate), it was as close as was politically possible at the time, certainly much closer than what the 86 act replaced.
According to CCH, the total number of pages numbered 26,300 in 1984, so it was probably somewhere between 25 and 30k in 1986 when it was simplified. Today, it is over 60k.
I will leave it to other thread visitors to decide if they think the 1986 attempt to simplify our tax system was successful.