[RayChuang88]

I think for an immediate solution, the Forbes no-loophole 17% flat-rate income tax works the best for now. This will give a big boost to the economy, while giving us time do a two to three-year transition to ending the income tax altogether and replace it with something like FairTax (H.R. 25/S. 13).

[Principled]

I think for an immediate solution, the Forbes no-loophole 17% flat-rate income tax works the best for now. This will give a big boost to the economy, while giving us time do a two to three-year transition to ending the income tax altogether and replace it with something like FairTax (H.R. 25/S. 13).

I'm sooooo fearful of having BOTH an nrst and an income tax simultaneously.

Since the repeal of 16th takes time, I thing the nrst's [fairtax] approach is best - it erases the income tax code. Poof - it's gone. Although it could be re-written, it would take a long while to negotiate it all. It would take even longer with Tea Party congress critters. That would give us time to get the amendment through. Hopefully with a repub house, senate, and white house.

I still don't know why Cain deviated from the straight Fair Tax plan. I fully support the Fair tax as our least bad taxing plan.