[SeekAndFind]

No deductions?

So, a family making $30,000 a year now pays $6,900 in taxes as opposed to ZERO now?

You’d get opposition from 47% of the country.

[Eska]

That really is the problem; most Americans from the middle class on down would pay way more than they now pay.

We have two kids in school, not taking any loans out but spending 3500/month on tuition payments; over half our income. We usually get 5000 extra back on our taxes (from the 40k we are spending) with the ed deductions and it is used once again for education expenses much like mortgage interest deductions are used by homeowners. I just don't think a simple flat tax would satisfy America and we are being naive to even realistically think a flat tax is in the cards.

I'd luv to see the IRS gone too; maybe if the rate was much lower it would be more acceptable. Bottomline, we spend too much.

[upchuck]

No deductions. Period. Else it’s not a flat tax.

Of course if a flat tax were passed, 1000s of tax attorneys, tax preparers, lobbysists, CPAs, etc. would be out of a job. No more TurboTax.

K Street would be decimated. To which I say, What’s wrong with that?

[sand88]

So, a family making $30,000 a year now pays $6,900 in taxes as opposed to ZERO now?

You’d get opposition from 47% of the country.

It would be good to see it passed. Just think, those 47% would quickly join with the Conservatives to greatly slash the size and scope of government. They would fight to get that down to 10%!!

But Alas, this is all a pipe dream...