Let’s say 50% of all taxpayers chose the Flat Tax Option.
Wouldn’t it be fun to have a President Perry who used that as the justification to reduce the funding of the IRS by 50% ! :)
Yes.
My initial thought is, where’s the beef? Perry’s proposal is not what I expected. Its not a flat tax. Its an either or choice with two tax options. It still trumps the 2-phase/999-909/fair tax plan that Cain is proposing. However, not convinced either plan would become law.
For now, I’ll keep my powder dry and hold my fire for further details and analysis.