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To: Kellis91789; Man50D

He entirely skips over the difficulty of defining 'income' as revenue minus all VALID business expenses.

Bingo!!!

Precisely the problem of the Flat Tax model and why it is not the answer in addressing the root problem of the income tax, exponentially growing complexity.

An interesting insight from the viewpoint a tax preparer/consultant as regards the Armey/Forbes/Hall/Rebushka Flat Tax.

Seems the devil is always in the details:

 

Flat Tax as Seen by a Tax Preparer
by Vern Hoven

Note: This article was first published as a Special Report by Tax Analysts Tax Notes, Volume 68, No. 6, pp 747-754. The publisher has granted permission for this article to be reprinted with attribution.


56 posted on 01/27/2006 7:10:33 PM PST by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer
Thanks for the link. The article is very informative. It's been officially book marked! There are some very good and valid points. I confess as a person with average intelligence I may not understand every detail but the length of the article alone proves the complexity of the Flat Tax.
68 posted on 01/28/2006 5:01:44 AM PST by Man50D
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