The great Conservative debate on taxation must come to an end. We've been arguing over the fair tax and the flat income tax for decades now, but neither side has won the hearts and minds of the average voter. That can be resolved by reviewing a few key facts involving both tax structures.
1. The income tax will never be removed, unless you can convince two-thirds of the House; two-thirds of the Senate and three-fourths of the States to repeal the sixteenth amendment, which is highly unlikely in the 21st century.
2. The income tax system can be simplified by implementing a low flat tax, eliminating loopholes and reducing the number of deductions someone can claim. Revenues would increase; government spending would decrease (IRS agents would be fired because of the efficient system).
3. The inept fair tax would be used to target specific consumer habits, such as higher taxes on luxury items to soak the wealthy, and taxing Japanese owned cars more to encourage Ford and GM purchases; it has already been done with tobacco products.
What say you?
Good lord, politicos already have payroll and income taxes. Don't give them yet another siphon!
ReplyDeleteI support a national sales tax, not a fair tax.
ReplyDelete