A flat-rate income tax (w/ no credits, exemptions, write-offs, or deductions) would allow us to abolish the IRS.
It's not the tax on income that's the problem, it's the complexities and loopholes used to punish/reward — eliminate the possibility of those and you eliminate their abuse, it's that simple.
(Withholdings though is another matter; it is either theft or forcing the employer to commit fraud [as the wages the employee receives are less than the agreed upon amount].)
There will always be demagogues, and there will always be envious idiots who will support soaking “the rich.”
This is true, and this is why a flat-rate w/ no wriggle-room is the best system.
Incorrect. Any form of an income tax still means defining what income is, and putting in the means to track and report such income. The tax code is just the details, the really onerous part of the IRS is the necessity to report, track, and audit income. A flat tax doesn't change that.
A Flat tax could be designed to be simple, fair, and workable. It could also be made tamperproof.
Allow only one deduction with no exceptions, earnings up to the federal poverty level, everything above that amount would be taxed at the determined flat-tax rate.
The federal poverty level deduction could only increase/decrease with the rate of inflation/deflation.
The Flat-tax rate would include a percentage to be used for social security/Medicare.
It would be written right into the law that any change to the Flat-tax rate would require a vote of 2/3 of both houses of congress, and any change to the one and only deduction ( earnings up to poverty level) would void the entire law.
Married, single, 10 kids or none at all, only that one deduction that everyone would get.
Wages, capital gains, earnings on interest/bonds, whatever, all the same Flat tax rate.
As long as there’s a 16th amendment and an income tax, the next Congress can always make it more “fair.”