I like the flat income tax because then you don’t end up with all the problems with a prebate. Don’t take the money in the first place and you won’t have to give it right back. Listen to Forbes and Armey. They had to work out all kinds of problems.
One thing is for sure: we have to get rid of the system that we have now. If we just take potshots then we’re just going to get a few tweaks to the existing plan. The real problem is with the corporate tax. It has so many loopholes because of all the cronyism and contradictory public aims and it is very hard for a small businessman to deal with.
“One thing is for sure: we have to get rid of the system that we have now. If we just take potshots then we’re just going to get a few tweaks to the existing plan. The real problem is with the corporate tax. It has so many loopholes because of all the cronyism and contradictory public aims and it is very hard for a small businessman to deal with.”
Agreed. What does and does not constitute a corporation also is a big issue. The idea (and legal exploitation) of what constitutes a “Corporation” in this country is ridiculous. The purposes of a corporation are designed to allow a limited set of people, for a limited time, a limited set of priviledges to perform limited actions with limited freedoms not normally granted to individuals. What we currently have is an abomination, which creates an environment of zero accountability, including taxation with its many loopholes.