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Keyword: flattax

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  • Greenmail: Income Tax, Flat Tax, or, No Tax?

    06/22/2015 12:05:54 PM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 06/22/15 | Gary Hunt
    Washington, D.C. gets back nearly six times, per capita, what it contributes For those who believe that the federal government should tax us, either by income tax or a fair tax, or any other direct means of taxation, must understand that doing so only creates socialism among the states (taking from one to give to another), as the following table shows (A more complete table can also be found at Tax Foundation Special Report No. 158, “Federal Tax Burdens and Spending by State). The table is from 2005 (I haven’t found a newer one, yet), so I would suppose that...
  • Rand Paul: "Blow Up the Tax Code and Start Over"

    06/17/2015 7:23:05 PM PDT · by DugwayDuke · 17 replies
    Wall Street Journal ^ | 18 Jun 2015 | Rand Paul
    Don't know if the link will work for you since it's probably behind a pay for usage wall. In summary, Rand Paul, in a Wall Street Journal Opinion tomorrow, will propose a complete rework of the federal tax code. Quote: "My tax plan would blow up the tax code and start over. In consultation with some of the top tax experts in the country, including the Heritage Foundation’s Stephen Moore, former presidential candidate Steve Forbes and Reagan economist Arthur Laffer, I devised a 21st-century tax code that would establish a 14.5% flat-rate tax applied equally to all personal income, including...
  • The Dreaded T word, "Tariff" and the only way a Tariff will work. ~Vanity

    06/17/2015 11:33:17 AM PDT · by GraceG · 64 replies
    GraceG
    There has been a lot of talk lately about Tariffs and peopel wanting to implement larger Tariffs in order to boost domestic production and employment. But here is the sticking point, and that is the definition of the Word Tariff. A tariff is a tax on imports or exports IS A TAX. And like all taxes it does follow certain rules of thumb and behaviors and one of those is the "laffer curve", which means if you raise a Tariff too high it will have the opposite effect of what any other tax would have. Also if raised too high...
  • Fox News Turns On Mike Huckabee And Tries To Kill His Presidential Campaign

    05/24/2015 2:27:39 PM PDT · by 2ndDivisionVet · 47 replies
    PoliticusUSA - Real Liberal Politics ^ | May 24, 2015 | Jason Easley
    Fox News has decided that Mike Huckabee should not be the Republican nominee, so Chris Wallace went on the attack against Huckabee’s flat tax plan on Fox News Sunday. Video: (VIDEO-AT-LINK)CHRIS WALLACE: You want to abolish the income tax. You want to abolish the IRS and create a fair tax, which as you say is a national sales tax, but critics say the problem with that is that it’s too regressive. The Tax Policy Center said this, that “the average rate for the lowest income group would exceed 33% while the average rate for the top group would fall to...
  • Cruz promises detailed tax plan 'soon'

    05/15/2015 6:57:51 PM PDT · by 2ndDivisionVet · 44 replies
    ATHENS, Ga. — Presidential candidate Ted Cruz said Friday that he will release in the coming weeks details of his promised "simple, flat tax" to replace existing graduated income tax rates. But the Texas senator told the Associated Press that he's still not decided on key details, such as whether a flat tax would also replace payroll taxes and taxes on investment income....
  • Ben Carson touts a flat tax plan that even the poor would pay

    05/10/2015 3:21:22 PM PDT · by 2ndDivisionVet · 85 replies
    McClatchy DC ^ | May 10, 2015 | William Douglas
    Republican presidential candidate Ben Carson Sunday touted a flat tax plan that he says even the nation’s poor would pay if he’s elected. Speaking on "Fox News Sunday," Carson said it’s "very condescending" to think that poor people can’t pay taxes at the same flat rate as wealthier Americans. Carson said he got the idea for his plan – he calls it a proportional tax – from tithing in the Bible. Using a 10 percent rate as an example, Carson said "You make $10 billion a year, you pay $1 billion. You make $10 a year, you pay one dollar."...
  • Flat tax makes 2016 comeback [Ted Cruz, Rand Paul both floating it in their campaign]

    04/22/2015 1:45:36 PM PDT · by SeekAndFind · 17 replies
    The Hill ^ | 04/22/2015 | By Bernie Becker
    The flat tax is back. Sens. Ted Cruz (R-Texas) and Rand Paul (R-Ky.) have both floated an across-the-board tax rate as they've launched their 2016 presidential bids. Neither Cruz nor Paul has spelled out the exact details of their plan, but both senators clearly see the flat tax as a way to appeal to both free-market conservatives that advocate for broad-based tax cuts, and the Tea Party sympathizers concerned with government intrusion. “Moving to a simple flat tax and just padlocking the IRS — I think that is a powerful populist issue,” Cruz said Friday on “The Adam Carolla Show.”...
  • What liberals could learn from Ted Cruz’s flat tax

    03/30/2015 11:38:54 AM PDT · by 2ndDivisionVet · 51 replies
    Vox ^ | March 30, 2015 | Dylan Matthews
    Ted Cruz has developed a reputation as the most conservative of the major 2016 Republican presidential candidates, but he hasn't taken many specific policy positions to earn that moniker. One exception? His longtime support for a flat tax. The flat tax dramatically lowers the top tax rate and exempts capital gains and dividends from taxation. It's astonishingly regressive: the rich pay far less, hedge fund managers and private equity types like Mitt Romney would pay literally nothing, and while the exact rate varies from plan to plan, it's certainly not going to be as low as 10 or 15 percent,...
  • (Washington Post Wonkblog) Ted Cruz’s flat tax couldn’t even work in your imagination

    03/25/2015 8:02:56 AM PDT · by SeekAndFind · 52 replies
    Washington Post Wonkblog ^ | 03/25/2015 | Matt O' Brien
    Imagine there's no IRS. It isn't hard to do. No Obamacare to pay for. And no budget deficits too. Imagine all the people, living with a flat tax. You may say Ted Cruz is a dreamer, but he's not the only one. He hopes some day—especially if you live in Iowa—you'll join him, and, well, he'll be president. That, at least, was the message during his announcement, oddly redolent of John Lennon, that he's officially seeking the highest office in the land. It was a conservative wish list to not only repeal the 21st century, but the 20th, too. About...
  • The Lee-Rubio tax blueprint

    03/18/2015 12:48:39 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | March 17, 2015 | Allen West
    Republican Sens. Mike Lee of Utah and Marco Rubio of Florida have released a blueprint for federal tax reform called “The Economic Growth and Family Fairness Tax Plan.” First, we should not embrace the language of progressive socialism in believing tax reform should have as a goal to advance “family fairness.” The plan should simply be entitled “The American Growth and Opportunity Plan.” That said, the Lee-Rubio plan is a great improvement over the current system. For the individual tax structure, the plan introduces a two-tier system to replace the current seven tax brackets. This plan moves America from a...
  • What Scott Walker Actually Said (There was more to that dinner than Rudy Giuliani)

    02/21/2015 1:05:15 AM PST · by Cincinatus' Wife · 76 replies
    National Review Online ^ | February 20, 2015 | Larry Kudlow
    Yes, believe it or not, Wisconsin governor Scott Walker actually spoke at some length at the dinner this past week where Rudy Giuliani charged that President Obama doesn’t love America. All the hullabaloo went to Giuliani, but in terms of the Republican presidential race, a number of Scott Walker’s pointed comments about policy and politicians are not to be missed. First a word about the dinner itself, which was generously backed by John Catsimatidis. It was the second event sponsored by the Committee to Unleash American Prosperity, a new group founded by Arthur Laffer, Steve Moore, Steve Forbes, and myself....
  • Ted Cruz's Best Idea Yet: Reform Taxes And Abolish IRS

    01/15/2015 7:13:15 PM PST · by 2ndDivisionVet · 44 replies
    Investor's Business Daily ^ | January 15, 2015 | Editorial Staff
    Tax Reform: Texas Sen. Ted Cruz, a possible Republican presidential candidate in 2016, might have hit on the most important fiscal issue facing the U.S.: the need for major tax reform. But he takes it a step further. Speaking Monday, the senator from Texas threw another thunderbolt: Republicans should use their control of Congress to get rid of the Internal Revenue Service. "We need to pass fundamental tax reform making our tax code simpler, flatter, fairer," he told a crowd at a Heritage Foundation event. "And I'll tell you, the single most important tax reform, we should abolish the IRS."...
  • Tax Loopholes Need To Be Closed [ Ok! Close All Loopholes- GO FLAT TAX! ]

    07/15/2011 4:03:09 PM PDT · by NoLibZone · 23 replies
    post-journal.com ^ | July 15 2011 | /post-journal.com
    A term new to most Americans, "tax expenditures," is being bandied about in Washington as Congress and President Barack Obama discuss ways to bring the federal budget closer to balance. In many discussions it is used interchangeably with a more familiar word, "loopholes." President Obama has been gaining a certain amount of political traction by urging elimination of many loopholes. He and liberals in Congress prefer to focus attention on tax breaks for big corporations and "the rich." That last needs to be qualified by noting that under one of the president's proposals, families earning $250,000 or more a year...
  • 62 Percent of Americans Say They Favor a Flat Tax

    04/19/2014 11:09:17 AM PDT · by SeekAndFind · 48 replies
    REASON ^ | 04/19/2014 | Emily Ekins
    The latest Reason-Rupe poll asked Americans if they would support or oppose changing the federal tax system to a flat tax, where everyone pays the same percentage of his or her income, finding that 62 percent favor the flat tax and 33 percent are opposed. When asked where they would set the flat tax, the aveage response was 15 percent.This reflects another recent Reason-Rupe poll finding that 67 percent of Americans say it is "not the responsibility of the government to reduce the differences in income between people with high incomes and those with low incomes," while 29 percent...
  • Some Good News on Tax Reform (if You're a Fan of the Flat Tax)

    04/19/2014 5:58:27 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 19, 2014 | Daniel J. Mitchell
    I’m ecumenical on tax reform. I’ll support any plan that rips up the internal revenue code and instead lowers tax rates, reduces double taxation, and cuts out distorting loopholes. And as I explain in this interview, both the flat tax and national sales tax have a low tax rate. They also get rid of double taxation and they both wipe out the rat’s nest of deductions, credits, exclusions, preferences, and exemptions. Dan Mitchell Commenting on the Obstacles to Tax Reform for Blaze TV You’ll notice, however, that I wasn’t very optimistic in the interview about the possibility of replacing the...
  • Carney Suggests Republicans are like Racists

    04/08/2014 3:29:57 PM PDT · by don-o · 20 replies
    White House Dossier ^ | April 8, 2014 | Keith Koffler
    President Obama and his aides are up to their usual deeply unpresidential vitriol, suggesting evil motives on the part of Republicans for opposing Obama’s agenda. White House Press Secretary Jay Carney today compared Republican opponents of the Paycheck Fairness Act to “conservatives” who fought civil rights legislation. Carney spoke today at the White House briefing: "Republicans object to this strenuously using the same arguments that conservatives used when they objected to very bit of progress made on civil rights for women and minorities over the past many decades. And they were wrong then, and they are wrong now." Actually, Republicans...
  • Lone Female Democratic Governor Celebrates #EqualPayDay

    04/08/2014 3:25:46 PM PDT · by smoothsailing · 8 replies
    Washington Free Beacon ^ | 4-8-2014 | Andrew Stiles
    Lone Female Democratic Governor Celebrates #EqualPayDay Andrew Stiles // April 8, 2014 5:01 pm New Hampshire Gov. Maggie Hassan (D), fourth from left. New Hampshire governor Maggie Hassan (D) celebrated “Equal Pay Day” on Tuesday: Governor Hassan Proclaims Equal Pay Day, Urges Support for New Hampshire Paycheck Fairness Act http://t.co/FcVQiPlJZM— Gov. Maggie Hassan (@GovernorHassan) April 8, 2014 Of the 21 Democratic state governors, Hassan is the only woman. From the Democratic Governors Association website:There are four times as many female Republican governors:Women are amazing. Why do Democrats hate them so much?
  • Bill Gates Is Half-Right about Tax Reform

    03/21/2014 11:30:11 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 21, 2014 | Daniel J. Mitchell
    I generally get very suspicious when rich people start pontificating on tax policy. People like Warren Buffett, for instance, sometimes advocate higher taxes because they’re trying to curry favor with the political elite. Or maybe they feel compelled to say silly things to demonstrate that they feel guilty about their wealth. Regardless, I don’t like their policy proposal (as you can see from TV debates here and here). That being said, I also realize that stereotypes can be very unfair, so it’s important to judge each argument on the merits and not to reject an idea simply because it comes...
  • Steve Forbes on the The Tax Code: Make It Flat

    03/10/2014 7:06:10 AM PDT · by SeekAndFind · 14 replies
    Forbes ^ | 03/09/2014 | Steve Forbes
    If Republicans and pro-growth Democrats had their wits about them, they would push the flat tax. The need for a simple flat tax was underscored recently by the comprehensive tax reform plan released by the outgoing chairman of the House Ways & Means Committee, Dave Camp (R–Mich.). The chairman decided to work with the existing tax code and has attempted to change this monster into something that encourages more economic growth. He deserves all the plaudits possible for his heroic effort. THE GOOD, THE BAD … Under Camp’s plan tax rates for individuals and corporations would be reduced; the hideous...
  • Conservative firebrand Ted Cruz launches political convention with crowd-pleasing demand(X IRS)

    03/06/2014 12:16:44 PM PST · by Texas Fossil · 29 replies
    Mail Online ^ | updated: 14:16 EST, 6 March 2014 | David Martosko
    Ted Cruz, the rock-ribbed conservative Texas senator who figures to be a factor in the 2016 U.S. presidential election, told thousands of conservatives Thursday morning that the IRS should go the way of the dodo. 'We need to abolish the IRS,' he said, calling instead for a flat income tax rate and a user-friendly tax return that can be filed on a postcard. That verbal gauntlet, thrown as much at a near-century of tax collection as at the Obama administration, was Cruz's biggest applause line.
  • Underwhelmed: Grading the New Tax Reform Plan

    02/28/2014 9:19:07 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 28, 2014 | Daniel J. Mitchell
    To make fun of big efforts that produce small results, the famous Roman poet,Horace, wrote “The mountains will be in labor, and a ridiculous mouse will be brought forth.” That line sums up my view of the new tax reform plan introduced by Congressman Dave Camp, Chairman of the House Ways & Means Committee. To his credit, Congressman Camp put in a lot of work. But I can’t help but wonder why he went through the time and trouble. To understand why I’m so underwhelmed, let’s first go back in time. Back in 1995, tax reform was a hot issue....
  • Colorado Taxpayers Reject Tax Increases, Choose Growth

    11/07/2013 1:56:29 PM PST · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 11-7-13 | Ben Wilterdink
    On Tuesday a ballot measure to raise income taxes on Coloradans to raise funds for increased education spending failed. In fact, the measure, Amendment 66, didn’t just fail–it went down in flames. The measure was defeated by a 32 percent margin. This major defeat was in spite of the fact that the measure’s backers outspent the opponents by a large margin, raising $10 million to support the initiative, including a $1 million each from New York Mayor Michael Bloomberg and Bill and Melinda Gates. Amendment 66 would have eliminated Colorado’s flat rate income tax of 4.63 percent in favor of...
  • Obama Advocates Higher Unemployment for Lower-Skilled Workers

    11/07/2013 1:56:15 PM PST · by Kaslin · 10 replies
    Townhall.com ^ | November 7, 2013 | Daniel J. Mitchell
    Perhaps because he wants to divert attention from the slow-motion train wreck of Obamacare, the President is signalling that he will renew his efforts to throw more people into the unemployment line. Needless to say, that’s not how the White House would describe the President’s proposal to increase the minimum wage, but that’s one of the main results when the government criminalizes certain employment contracts between consenting adults. To be blunt, if a worker happens to have poor work skills, a less-than-impressive employment record, or some other indicator of low productivity that makes them worth, say, $7.50 per hour, then...
  • GOP Rep. Camp Set to Rewrite Tax Code (TAX HIKES!!!)

    09/20/2013 9:27:57 PM PDT · by TexGrill · 29 replies
    NewsMax ^ | 09/20/2013 | Reuters
    House of Representatives Ways and Means Committee Chairman Dave Camp, who is expected to unveil his plan soon, is pushing forward with the idea of a tax code overhaul despite expectations that this Congress is too fractured to take on such a big project. The provision, available only to the roughly one-third of federal taxpayers who itemize, allows taxpayers to deduct from their income the value of state and local property tax paid, as well as state and local income or sales tax paid. Claimed by 46.6 million Americans in 2011, the deduction reduced U.S. tax revenues that year by...
  • Depardieu's puzzling love for Russia [went from 75% tax rate to 13%]

    09/15/2013 4:07:55 PM PDT · by SoFloFreeper · 27 replies
    CNN ^ | 1/8/13 | Matthew Fraser
    When Gérard Depardieu triggered a fiscal feud with the French government a few weeks ago, the media had fun recasting him in his movie role as the comic book character Obélix, a fat and superhumanly strong Gaulois who stands up to the Romans. Now that the French movie star has abandoned the land of the Gauls to become a Russian citizen, his recent film role as the mad monk Rasputin is being evoked to put a cinematic image on a bizarre real-life drama that has become an affair of state. ...Depardieu's love for Russia cannot be indifferent to the country's...
  • Flat tax? Sales tax? Value-added tax? (What's your preferred tax fix?)

    07/17/2013 6:56:04 AM PDT · by SeekAndFind · 124 replies
    Washington Times ^ | 07/17/2013 | Richard Rahn
    What type of tax reform do you want? Simplification of the existing progressive income tax system? A flat tax? A sales tax? A value-added tax? Tax professionals, economists, elected officials and others heatedly debate the pros and cons of each. However, it is unlikely that real tax reform will occur until the financial crisis gets so bad that most people will agree to radical change. Most tax reform discussions and debates lead with the premise that any new tax system has to raise roughly as much revenue as the present system. Why should that be? Currently, the federal government spends...
  • Ted Cruz: 'We need to padlock and shut down' the IRS

    07/02/2013 4:06:09 AM PDT · by onyx · 78 replies
    WASHINGTON EXAMINER ^ | JULY 1, 2013 - 6:10PM | STEVE CONTORNO
    Sen. Ted Cruz is joining Tea Party activists in calling on Congress to abolish the Internal Revenue Service as the freshman lawmaker made the case from tax reform. The Texas Republican on Monday said news that the IRS targeted the nonprofit applications of conservative-leaning political groups was an "inspiration" because of how it has sparked "normal American citizens that are standing up for liberty." In the wake of the IRS scandal, Tea Party groups have repeatedly called for the agency to close its doors, and Cruz, a hero of the conservative movement, echoed their sentiments. "It is a challenge that...
  • Palin: Abolish the IRS

    06/22/2013 7:41:42 PM PDT · by Bratch · 26 replies
    Big Government ^ | June 22, 2013 | Tony Lee
    On Saturday, former Alaska Gov. Sarah Palin said that the IRS–and much of the federal bureaucracy–needs to be abolished. Appearing on Fox News' "Cashin In" with Eric Bolling, Palin said that she agreed with Tea Partiers who want to abolish the IRS, suggesting that it would undercut much of the cronyism rampant in Washington.
  • Obama's Animal Barn

    06/21/2013 5:02:12 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | June 21, 2013 | John Ransom
    While many waited for Federal Reserve chairman Ben Bernanke to take the weight of the world markets on his Ivy League shoulders by declaring QE-4EVR-LOL!, the real economists at the Federal Reserve Bank in San Francisco came up with a more detailed explanation for the poor, dragging, sluggish U.S. economy. What they found will astonish you. And yes, this is a true story. “[D]espite all the attention federal spending cuts and sequestration have received,” wrote Brian Lucking and Daniel Wilson in the FRBSF Economic Letter, “our calculations suggest they are not the main contributors to this projected drag [on U.S....
  • Fundamentally Transformative Tax Reform

    06/11/2013 6:05:49 AM PDT · by EXCH54FE · 12 replies
    Freedom Outpost ^ | June 11, 2013 | Andy Withers
    Our new tax system must be very simple and highly transparent to the average taxpayer. NO more vicious IRS attacks against taxpayers (garnishment of wages, freezing assets, interviewing employers, family, or friends). NO more need for interpretation of convoluted, ambiguous or lengthy regulations. NO more manipulation of Congress by lobbyists for benefit of special interests. NO more manipulation of IRS by Congress or the White House for political benefit. NO annual individual tax filing should be required. No rules to read and comprehend, no shoebox of receipts to keep, no tax software to buy, no tax accountant to hire, no...
  • Our new tax code: Pick one!

    06/09/2013 10:36:26 AM PDT · by EXCH54FE · 54 replies
    Canada Free Press ^ | June 9, 2013 | Herman Cain
    It is way past time to stop talking about replacing the tax code, and to start talking about what to replace it with. The good news is that there are three great options for replacing our complex, unfair and outdated century-old tax code. Only a fool or a power hungry bureaucrat would want to keep the complex, unfair 74,000-page tax code we have today. Here is a brief description of each great plan: The Fair Tax, the Flat Tax, and the 9-9-9 Plan. Fair Tax The FairTax is a revenue-neutral, single-rate, federal retail sales tax collected only once, at the...
  • Don't whine about the IRS, kill it!

    06/06/2013 1:01:07 PM PDT · by Former Fetus · 7 replies
    Jewish World Review ^ | 6/6/2013 | Michael Reagan
    Jay Leno told his studio audience the other night that President Obama should forget his plans to close the detention camp at Guantanamo Bay and instead close the IRS. The applause was instantaneous and the laughs were loud and genuine. Most ordinary Americans would have whooped and hollered in favor of Leno's idea long before they learned the IRS has been caught targeting conservative political groups and wasting millions on moronic employee-training conferences. But the IRS is no joking matter. The average working American -- poor or rich or in-between -- hates and fears the IRS for good reason. Able...
  • Reform The Tax Code

    06/06/2013 6:37:16 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | June 6, 2013 | Michael Reagan
    Jay Leno told his studio audience the other night that President Obama should forget his plans to close the detention camp at Guantanamo Bay and instead close the IRS. The applause was instantaneous and the laughs were loud and genuine. Most ordinary Americans would have whooped and hollered in favor of Leno's idea long before they learned the IRS has been caught targeting conservative political groups and wasting millions on moronic employee-training conferences. But the IRS is no joking matter. The average working American -- poor or rich or in-between -- hates and fears the IRS for good reason. Able...
  • HISTORY OF THE 16TH AMENDMENT

    06/04/2013 9:45:02 AM PDT · by Dick Bachert · 27 replies
    Not known | Unknown | W, CLEON SKOUSEN
    THE HISTORY OF THE SIXTEENTH AMENDMENT by Dr. W. Cleon Skousen Strange as it may seem, the Sixteenth Amendment (which gave the American people the affliction of confiscatory income taxes) was never supposed to have passed. It was introduced by the Republicans as part of a political scheme to trick the Democrats, but it backfired. Here's the story. The Founding Fathers had rejected income taxes (or any other direct taxes) unless they were apportioned to each state according to population. Nevertheless, an income tax was levied during the Civil War and upheld by the Supreme Court on the somewhat tenuous...
  • Ted Cruz Warns Eric Bolling: IRS Creating Massive Health Database

    06/03/2013 4:56:19 PM PDT · by Kevin in California · 65 replies
    Fox News via You Tube ^ | June 2, 2013 | Fox News
    “Obama administration has demonstrated the willingness to use the machinery of Government to target their political enemies
  • Cruz Calls for Abolishing IRS, Moving to ‘Simple Flat Tax’

    06/03/2013 9:36:15 AM PDT · by neverdem · 122 replies
    National Review Online ^ | June 3, 2013 | Andrew Johnson
    Senator Ted Cruz offered a solution to the IRS’s scandal: get rid of the agency entirely and simplify the tax code so that tax returns fit on a piece of paper the size of a postcard. “We ought to abolish the IRS and instead move to a simple flat tax,” Cruz said on Fox News over the weekend. “Put down how much you earn, put down a deduction for charitable contributions, for home mortgage, and how much you owe,” he continued. “It ought to be just a simple, one-page postcard.”...
  • James Pethokoukis: Fix, Don’t Flatten, the Tax Code

    05/28/2013 8:09:44 AM PDT · by SeekAndFind · 32 replies
    National Review ^ | 05/28/2013 | James Pethokoukis
    If the sluggish U.S. economy wasn’t reason enough for tax reform, the ongoing IRS scandal demonstrates how a devilishly complex tax code enables government mischief. But the flat tax — a longtime policy goal for many on the right — isn’t the realistic answer to either problem. Flat-tax advocates see headlines about an out-of-control IRS as a chance to put the idea back on the public-policy radar in way it hasn’t been since the 1990s. “This is why you need a flat tax,” Wall Street Journal economics writer Stephen Moore told Fox News recently. “If you get rid of two-thirds...
  • IRS Scandal Suggests it is Time to Abolish the Income Tax and the IRS

    05/14/2013 10:06:41 AM PDT · by Marcus · 16 replies
    Yahoo Voices ^ | May 14, 2013 | Mark R. Whittington
    The evolving by the hour IRS scandal, in which the tax agency targeted conservative groups for examination and harassment, as detailed by the Washington Post, cries out for not only an investigation, but legislation. To be sure an investigation and the punishment of those responsible for politically motivated examinations and audits must happen. But the fact that the IRS did these things at all stems from the fact that someone wanted to target conservative organizations and perhaps people and, thanks to the existence of the IRS, they could. This therefore argues for an overhaul of the tax code that would...
  • No to the Flat Tax, Gold Standard and Other Stale Ideas

    02/22/2013 7:41:35 AM PST · by SeekAndFind · 30 replies
    National Review ^ | 02/19/2013 | James Pethokoukis
    Free enterprise, free markets, competition, and choice: All are timeless economic principles, but their application can and should evolve with changing economic circumstances. When Ronald Reagan was elected president in 1980, the top income-tax rate was 70 percent, inflation was 13 percent, health-care spending was 10 percent of GDP, and publicly held debt was 26 percent. The average American was 30 years old.Today, the top marginal tax rate is 40 percent, and inflation is 2 percent. Health-care spending and the debt have both risen by nearly 80 percent as a share of output. The average American is 37 years...
  • A Message to Obama, Served Cold

    02/13/2013 7:07:02 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 13, 2013 | Jonah Goldberg
    In an earlier era, Dr. Benjamin Carson's speech before the National Prayer Breakfast last week would have been a really big deal rather than mere fodder for a brief squall on Twitter and cable news. Born in crushing poverty to an illiterate single mother dedicated to seeing her children succeed, Carson became the head of the department of pediatric neurosurgery at Johns Hopkins medical institutions when he was 33. He's been a black celebrity role model ever since. Even if you didn't like the substance of what Carson had to say at the breakfast, his speech made for great political...
  • Gerard Depardieu 'granted Russian citizenship' (Putin's 13% Flat Tax Reason For Move To Russia)

    01/03/2013 5:49:07 AM PST · by goldstategop · 18 replies
    BBC News ^ | 01/03/2013 | BBC News
    The French actor, described by Mr Putin as a successful businessman and friend, has developed close ties with Russia, which has a flat 13% personal income tax rate. He currently appears in an advertisement for Sovietsky Bank's credit card and is prominently featured on the bank's home page. In 2011, he played the lead role in the film Rasputin, a Franco-Russian production about the life of eccentric monk Grigory Rasputin. In addition, Mr Depardieu has also helped raise funds for a children's hospital in St Petersburg.
  • Russian money-bags to deal with luxury tax in 2013

    12/15/2012 9:52:30 PM PST · by CutePuppy · 7 replies
    Pravda.ru ^ | December 14, 2012 | Valentin Gridin
    The tax on luxury will become reality for all Russians without exception next year. President Vladimir Putin reminded everyone of that in his annual Address to the Federal Assembly. According to experts, the new tax may send a definite message to wealthy citizens to redistribute their revenues. The head of state said in his speech that the decision on the so-called luxury tax should be made in the first half of 2013. According to the official website of the President of the Russian Federation, one should not give up on the "flat" income tax scale, since the progressive taxation of...
  • 5 Myths About America's Tax System That You Probably Believe

    09/25/2012 10:44:57 AM PDT · by bthockey · 15 replies
    The Band Of Patriots ^ | 9/25/12 | Bryan Thomas
    Most mainstream media outlets aide in the proliferation of myths about our tax system and our economy. Here are 5 myths about the US tax system that you probably thought were true. 1. Once A Millionaire, Always A Millionaire As you can see by the graph below, this shows how many consecutive years millionaires file their taxes as millionaires. Half of the people who become millionaires are only at that status for one year.​ 2. Tax Credits Only Help The Rich This graph shows the effective tax rates since 1980. As you can see, because of tax credits and deductions,...
  • Your Fair Share

    09/22/2012 4:14:03 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | September 22, 2012 | John C. Goodman
    Barack Obama doesn't think the rich are paying their fair share of income taxes. So what is their fair share? I posed this question to Fox News commentator Juan Williams in Dallas the other day. "The top 10 percent of income earners are paying 71 percent of all income taxes," I said. "Isn't that enough?" Although Juan was trying to defend the Obama position, he didn't have an answer. Then I turned the question around. "The bottom one-half of the population is paying zero, or close to zero, income taxes. What's their fair share?" He didn't have an answer to...
  • The IRS: The Power to Ruin Lives

    09/21/2012 6:20:21 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | September 21, 2012 | Daniel Mitchell
    I’ve done thorough blog posts highlighting the economic benefits of the flat tax, but I find that most people are passionate about tax reform because they view the current system as being unfair and corrupt. They also don’t like the IRS, in part because it has so much arbitrary power to ruin lives.But it’s not just that is has the power to ruin lives. That can be said about the FBI, the DEA, the BATF, and all sorts of other enforcement agencies.What irks people about the IRS is that it has so much power combined with the fact that the...
  • Tax reform as easy as 1, 2, 3 (New Flat Tax is the best way to fix our tax system)

    08/10/2012 12:43:51 PM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 08/10/2012 | Rob Bluey
    Republicans have promised to finally overhaul America’s tax code next year. Reform is long overdue. Now it’s a matter of what direction lawmakers should take.While some of the GOP’s pragmatists have already balked at being bold, now is exactly the time to take that message to the American people. They’re looking for solutions, not excuses. And there’s one plan that stands out: the New Flat Tax. It features one rate, two credits, three deductions. It’s that simple.The plan is part of The Heritage Foundation’s comprehensive solution for fixing America’s debt problem and restoring prosperity. As a Heritage employee, I’m naturally...
  • Flatten California! (Art Laffer's proposal to fix the state’s business-killing tax regime)

    06/14/2012 4:22:44 AM PDT · by SeekAndFind · 12 replies
    City Journal ^ | 06/14/2012 | ARTHUR B. LAFFER
    Six years ago, I decided to leave Rancho Santa Fe, California, for Nashville, Tennessee. That’s a major undertaking for anyone, but particularly for a 25-year resident of Southern California, dragging his whole family and company along with him. I still remember decision day: January 5, 2006. I’d been disappointed in November by the defeat of Governor Arnold Schwarzenegger’s ballot initiatives, which aimed at reining in state spending, but I was utterly aghast as I read the transcript of the governor’s State of the State speech just days into the new year. Clearly, he had resolved to move in a big-government...
  • Eureka! The fix California needs is found…

    03/28/2012 11:30:08 AM PDT · by landsbaum · 14 replies
    California need not drown in debt and economic failure. So says Arthur Laffer, the happy advocate of a flat tax for California to solve the Golden State’s ills. We are inclined to favor a flat tax, as we’ve intimated and bellowed from time to time. And Laffer’s new book, Eureka! How to Fix California, is a blueprint for replacing the existing state and local taxes with a single, 5.8-percent flat income tax on personal unadjusted gross income. . .
  • Herman Cain launches ‘Cain’s Solutions Revolution’ to ‘keep 999 alive’

    01/04/2012 8:08:18 PM PST · by Fred · 24 replies
    Yahoo News ^ | 010412 | Dylan Stableford
    Herman Cain appeared on Fox News Wednesday night to make what was billed as a "very big announcement" on Sean Hannity's show. Very big it was not. The former Republican hopeful and pizza chain CEO did not endorse a current GOP candidate, as some had predicted he might. Nor did he announce he was getting back into the 2012 race, as Hannity teased he could. Instead, Cain announced the launch--or continuation--of his 999 economic plan with another catchy tagline: "Cain's Solutions Revolution." "The biggest comment when I ended my candidacy was, 'Keep 999 alive,'" Cain said. "And that's what this...
  • Cain: ‘Look for My Army on Capitol Hill’

    12/20/2011 1:03:38 PM PST · by Fred · 123 replies
    NRO Online ^ | 122011 | Robert Costa
    Herman Cain tells National Review Online that he will launch a new political-action committee in January. The outfit, whose final name remains under wraps, will be Cain’s main project next year. Its mission will be to enact his “9-9-9” economic plan. “We continue the campaign without a candidate,” says Cain, who hinted at the endeavor during his departure speech. “There are a lot of people who are willing to support the campaign for solutions without the end objective being my election as president of the United States.” As Cain transitions to private life, “Friends of Herman Cain,” the financial force...