The problem with a Flat Tax, is that we'd still have the 16th Amendment and the IRS. A flat tax also wouldn't do anything to prevent politicians from playing around with the tax bracket to reward their favored constituencies, while punishing the productive class.
With the Fair Tax, everyone pays at the cash register. Everyone would have skin in the game. That fact would make it politically impossible for politicians to monkey with the rates, or raise rates on selected segments of the population.
The other fundamental difference between the Fair Tax and the Flat Tax, is that the former taxes consumption, while the latter still taxes production. That is a key difference, and one that should be deeply appreciated by conservatives.
I hear ya. But still favor a flat tax for it’s simplicity.
How much money did you make last year (add up all your W2s and 1099s).
Multiply that by .17. (The legislation would see to it that the .17 number would be almost impossible to raise. Lowering, no problem.)
Send in that amount.
Done.
Fair Tax is much more complicated than that.
Unfortunately, as I stated before, neither of these plans stands a chance. Way too much very high-powered opposition. So I’ll quit posting about this.