FLAT TAX!!!!
10% across the board- NO DEDUCTIONS (not even real estate)
AND- (this is the important part) THE GOVERNMENT HAS TO LIVE WITHIN THAT INCOME - no more ‘deficit spending’
And if you like the ‘fair tax’ with the ‘pre-bate’ and ‘tax inclusive’ 27% rate please allow me to beat some sense into you
A lot of the complexity that adds to tax preparation expense does not even come from what most of us would consider “income”, it comes from capital gains, dividend “income”, interest “income”, etc. For everyone who proposes a flat tax, you are not really solving the problem unless you redefine income to mean “wages” as it was originally intended to mean. I am ashamed to say that I spent over $700 on tax preparation fees this year; my old preparer retired last year (usually spent around $200).
Yes, and the rats have also blocked tax reform for decades. A complicated tax scheme assembled by lawyers, tax lawyers, lawyer politicians, and other assorted con artists. A national sales tax would put them all out of business.
One comment about the Netherlands: I went there about 10 years ago at the invitation of Dutch Health, an arm of their socialist government. I was to be reimbursed for all expenses. It took nearly 10 months for this to occur, because they lost my receipt copies twice. That’s right, I had to send in receipts 3 times, after making the trip to lay out an experimental plan for them, for free, to test the bioavailability of Pb from the hoard of Pb-contaminated sites on which they have built their residential houses.
Eliminate Mandatory Withholding and there will be a Tax Revolution overnight.
Really....I want to know.
The cost includes :
-—the massive accounting departments maintained by businesses ( these hidden expenses are passed to the consumer),
—the costs to the taxpayer to hire professional help and computer programs,
—and the cost of the massive government collection agency ( the IRS)
We need a system that is transparent ( abolish hidden taxes passed the consumer in the form of higher prices, and is inexpensive to collect.
A 20% import tariff and a NRST and eliminate the income tax. Step back and watch the economy on rocket fuel.