Chris McKitterick (mckitterick) wrote,
Chris McKitterick

flat tax: good or bad? I say it's good

Saw this in an article today: "...right-wing business panaceas ... that Americans have balked at, such as a flat tax on personal and corporate income..."

What makes a flat tax right-wing (or left-wing, for that matter)? Assuming said flat tax has a floor of whatever is considered a livable wage (which is below taxating level in the current, wacked-out system), what's wrong with such a tax?

I could see fiscal libertarians not liking it because it taxes high-income people more -- though the rate is the same -- and fiscal liberals (odd how "liber" is in both...) not liking it because it might prevent middle-income people from getting a lot of the tax breaks they get today -- but surely high-income people find more tax breaks! I can also see the IRS not liking it, because it would put them out of a job! But I doubt many people would cry for them.

So why not do it? I think Steve Forbes was the most recent person to push such an idea, so is it anti-Forbes-ism? Imagine the savings in tax costs (the IRS isn't free, my friends) and pain: You just pay your taxes via your employer and never need to worry about being short at the end of the year.

Where's the devil's advocate here?


  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.