Flat Tax
WSJ Editorial: Fair Tax, Flawed Tax
Sunday, August 26th, 2007I read an interesting editorial in this weekend’s Wall Street Journal titled Fair Tax, Flawed Tax. I have not read Neal Boortz’s The FairTax Book (affiliate link), which is a book about abolishing the IRS and the income tax and moving to a consumption tax. Boortz calls this a fair tax. In [...]
How About a 4.3% Surtax on the “Rich” to Fix the AMT?
Friday, June 8th, 2007Homework assignment: Read Democrats Seek Formula to Blunt AMT
From to the article:
House Democrats looking to spare millions of middle-class families from the expensive bite of the alternative minimum tax are considering adding a surcharge of 4 percent or more to the tax bills of the nation’s wealthiest households.
Under one version of the proposal, about 1 [...]
Anyone Read “The Fair Tax?”
Monday, October 30th, 2006All the sudden one of my posts from over a year ago is getting a lot of attention!
Over the weekend I noticed that a post I did on the Forbes Flat Tax Plan was receiving some new comments. Most of the comments are from people suggesting something called The Fair Tax Book by Neal [...]
Question of the Day
Thursday, September 7th, 2006It’s been a while since I actually posted a Question of the Day. I would like to get back into the routine because I like the interaction with you, my readers. So, here’s today’s Question of the Day:
Do you like the idea of a flat tax? Why or why not?
Personally, I like [...]
Steve Forbes’ Corporate Flat Tax Plan
Friday, September 16th, 2005Beginning on page 66 of Flat Tax Revolution, Forbes maps out his corporate flat tax plan. Here’s the highlights:
1. All profits would be taxed at the rate of 17 percent.
2. Companies could expense all investments - no more depreciation schedules.
3. Corporate loopholes, all of them, would be abolished under the flat [...]
The Steve Forbes Flat Tax Form
Thursday, September 15th, 2005On page 73 of Flat Tax Revolution, Steve Forbes gives and example of what his flat tax form would like. As my example below shows, it is a lot simpler:
Would a Flat Tax Work?
Wednesday, September 14th, 2005I have been reading Steve Forbes’ Flat Tax Revolution. He talks about how confusing and complicated the current tax code is. I agree with that! After sitting through just two tax classes, I already can see just how complicated the tax code really is. So, the idea of simplifying the tax [...]
Steve Forbes’ New Book
Friday, September 9th, 2005In case you haven’t noticed, Steve Forbes has come out with a new book called the Flat Tax Revolution. NOTE: One thing I noticed on Amazon is that most of the reviewers like the book except for two reviewers who rate it a one star. The funny thing is that although the reviews [...]