Topping the list of bold tax talk are Herman Cain's 999 / 909 plan with opportunity zones for job growth (Herman Cain, Rich Lowrie) and Rick Perry's flat tax reform along with Perry's energy independence job and growth plan (Rick Perry, Steve Forbes).
Both are game changers for our country.
Steve Forbes asks the question: Can such a big change come to pass?
Read here, and see for yourself.
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Even better, Texas Gov. Rick Perry will, in a few days, unveil his version of a flat tax, a concept that I have long advocated.
The flat tax would junk the current code and replace it with a single rate that would apply to all incomes after generous deductions. There would be no tax on your savings and there would be no death tax -- you should be allowed to leave the world unmolested by the IRS. The business profit tax would also be slashed -- all those poisonous loopholes would be eliminated. You could do your tax return on a single sheet of paper. Under the plan I introduced in the 1990s, for instance, a family of four would have paid no federal income tax on their first $36,000 of income and only 17 cents on the dollar above that level.
Also known as "opportunity zones for politicians." Maybe I'm just a cynical libertarian, but I don't trust power-mad politicians to decide what an "opportunity zone" is and how much money they can then steal from citizens across the nation in violation of the Constitution.
The whole country should be an opportunity zone, not just politically picked zones!
The progressive income tax is inherently Tyrannical. Most Freepers are well aware of the various characteristics which serve to effectively enslave the American middle class.
I support consumption based taxes rather than income-based ones. They are intrinsically more fair, because those who consume the most end up paying the most tax. Consumption taxes are also much easier to administer, and are not so blatantly invasive of Fourth Amendment rights, unlike the income tax.
For these reasons, I don't like the flat tax because it is still an income tax.
The Democrats can be effectively portrayed as the party that wants to maintain the status quo with regard to government revenue generation, and also the party that wants to keep on with the endless, runaway federal spending.
With a good, small government candidate that will back up his/her bold words with equally bold action, the Democratic party could be electorally annihilated next year. Vigorous tax reform; spending cuts which can help put an end to crony capitalism; putting an end to socialized medicine; these are the things which can help conservatives build a more perfect Union and win across the board in 2012.
Then, We The People can finish cleaning up the corrupt Republican Party as well. First things first, though...
I am just beside myself with excitement that in my lifetime we very well may see major tax reform, including junking the 71,000 page tax code entirely!
We have two great plans on the table (of course, all plans have to be tweaked).
Now we just have to decide who would make the best “ball carrier” to get this reform into the end zone.
And of course our ball carrier needs to be an all-around excellent player, fit to POTUS on every point.
Thank you!!
That's the big question. Could a rational tax system be passed? And how long would it stand, when Congress is full of people who want a confusing, inefficient, and exception-ridden tax code that they can use to manipulate the population for the benefit of the legislators?