Taxes, Taxes, Taxes…
5th November 2004
As I listen to President Bush talk about tax reform I really wonder if this will ever happen.
Do you think that special interests (Tax lawyers, accountants, etc) will allow this to take place?
Why would we need an accountant to do our taxes if there were a flat tax with virtually no deductions?
How about a national sales tax? I assume that a national sales tax would not require us to file forms every year.
Very interesting. I have been in favor of a flat tax for many years because it treats all taxpayers equally. It would also remove the bias against savings and investment (no income is taxed more than once).
I found a nice explanation of how some of this *could* work HERE.
Let me know what you think
Manly
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