Why a flat tax is a good idea

Posted by: Phineas on January 31, 2011 at 1:01 pm

**Posted by Phineas

I believe I’ve posted this before, but, since tax season is fast approaching with all its wrangling over this rule and that deduction, I thought it worthwhile to offer again. In it, the Cato Institute’s Dan Mitchell explains how a flat tax would work and why it would be better for the country than the current Byzantine system we have:

And, speaking of those Mitchell mentions who benefit from the current tax code, I’m sure the tax-prep industry would just hate this.

via International Liberty

(Crossposted at Public Secrets)

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2 Responses to “Why a flat tax is a good idea”

Comments

  1. Carlos says:

    There’s a reason why it is called the “Tax Preparers’ Guaranteed Employment and Vacation Act”.

    And I wonder when the guvmint figures on startin’ to pay all its tax collectors? You know, the people we call “employers”?

    Sometime in the far future an alien race will land, see a petrified copy of the tens of thousands of pages of tax laws, rules and interpretations and wonder how man was deemed by nature as superior to the rats.

    Oh. My bad. The rats DO have control.

  2. Steve Skubinna says:

    Sure it’s a good idea. Not a snowball’s chance in Hell of it ever happening, though. Who in DC will stand for it? Which professional politician or lobbying group is going to go to the mat for it? Everyone inside the Beltway is part of the system and the complex web of dependencies and mutual interests and owed favors will strangle this idea in the cradle every time it is proposed.

    In some areas, the professional political class is the enemy of the American people. This is one of those areas.