You haven't addressed any of the issues that prevent me from supporting a Flat Income Tax. And you do realize that most of the 55,000 pages are concerned with simply DEFINING income, right ? That is where the politicians get their power, and unless that is defined ONCE, simply, and then the power to refine is taken away from the politicians, those 55,000 pages will back in a decade.The Flat Tax doesn't tax personal income (it's not an income tax, it's a consumption tax), it taxes wages. How hard is that to figure out?
Textbook terms, income - savings = consumption. However, it is also the case that textbok terms are not what's being used. Some innate ability allows native speakers to discern such. The condesencion is not helpful.
That is where the politicians get their power, and unless that is defined ONCE, simply, and then the power to refine is taken away from the politicians, those 55,000 pages will back in a decade.What planet would a person(?) be from to think those same politicians are going to vote their power away in favor of a phoney sales tax? The lack of forward thinking and logic amongst the Fairtax crowd is astounding
So it has no rules on what portion of SS income is really "taxable income" ? when to consider investment income, stock options or bonds as "taxable income" depending on who issued them, when purchased and when sold ? there is nothing a business needs to keep track of in terms of capitalized vs. depreciated costs so that "taxable income" can be figured ? what about not-for-profit businesses ? is welfare income ? how about food stamps or housing assistance ? if you sell your home, are there rules about how much of any gains are "taxable income" ? do they depend on marital status ? what if you were married and divorced several times while you held the house ? what about rental income, depreciation, gains on selling, etc. ?
I'll bet it ends up being harder than you think to define "income".