[quote=pri_dk][quote]Flat tax is not a simple solution. It is a simple idea put forward by simpletons.[/quote]
Harsh but true.
The challenge with income tax is defining exactly “income” is.[/quote]
I think I said almost those exact words earlier in this thread. The tax rate schedules for both individuals and corporations have about 5 or 6 different rates. There were some years in the past, when I was preparing hundreds of returns, I practically had them memorized. It’s a calculation that takes literally a few seconds with a calculator. It is less than 1% of the complexity of the tax code. There are plenty of ways to make the tax code simpler. (And most all of those would have economic and political ramifications.) A flat tax isn’t one of them.
