What plan is in place to reemploy the nation’s millions of accountants?
It does not broaden the tax base thus leaving the current system of payers and payee in play for future political exploitation.
It maintains the current focus on taxing income instead of consumption thus punishing the producer at the expense of the users.
It leaves in place the current ability for trust funds and the massively wealthy to avoid paying any tax by structuring their payouts in forms other then income.
It does nothing to tap the underground off the books economy.
So while the Flat Tax is a massive improvement over the current system, it is merely rebuilding the existing tax code on the same corrupt, flawed foundation.
Of the two, Cain's 9-9-9 is the better plan.
The Flat Tax does not end the IRS
The Flat Tax does not lower or end the Corporate Tax.
The Flat Tax does not draw income from the underground economy, illegal immigrants, foreign visitors.
There is a reason so many people switched to the consumption tax - Fair Tax.
That is why I support Cain’s plan. 999 (phase 1)/Fair Tax (phase 2)
It is simply unamerican to hold an American citizen guilty until he or she proves their innocence.
Freezing bank accounts, seizing assets and instilling fear into ordinary citizens in many cases for falling on hard times.
Story after story of government officials using the IRS to intimidate political opponents or citizens lodging legitimate complaints of official misconduct (hint hint....Slick Willey).