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To: Man50D

People are free to choose to talk about any alternative tax plan but more people are choosing The Fair Tax.
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and more countries are choosing the flat tax. Czech republic and Bulgaria are the most recent adopters.
The flat tax is more than just a theoretical idea -it is tested and proven to work in the real world.


11 posted on 08/29/2007 6:16:45 AM PDT by ari-freedom (I am for traditional moral values, a strong national defense, and free markets.)
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To: ari-freedom

The flat tax ideas still require every taxpayer to file a tax return with the IRS, which is presently about 150 million returns per year. The Fair Tax requires only retailers to file returns, which means about 15 million returns, and most of the revenues will be from about 700 retailers.

In the present tax system, the complexity is in the deductions from gross income. The flat tax tries to simplify that concept by making every business fit in the same hole. Deductions are complex by their nature, because business innovates in ways to produce revenues. As has been the case in the past, politics would provide more complexity under a flat tax to accommodate the needs of business.

IMO the Fair Tax is far superior. And it is an actual piece of legislation that you can read and understand.


17 posted on 08/29/2007 11:03:12 PM PDT by n-tres-ted (Remember November!)
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