[BobL]

INCREDIBLE - and they didn’t even require a Social Security Number! I guess people were more honest back then.

[SamAdams76]

Imagine how easy a simple flat tax would be for all.

Eliminate all deductions, exceptions, and other loopholes.

Let's say the tax rate was set at 5 per cent of income.

So if your income is $20,000, you pay $500.

If $200,000 income, your tax is $10,000.

If you have $100 million in income, your tax is $5 million.

End of story. 5% might be too high though!

[zeugma]

I guess people were more honest back then.

Perhaps individuals were, but the government never is. You'll notice the 1st $20k was exempt from taxation. What percent of the population do you think made more than $20k (equivalent to $630k today) If Americans had realized what a beast this would have become, it would never have passed.