Friday, January 21, 2011

Making our tax system fair and less expensive.

Well, Danny, bet you never thought we would agree on a point such as a flat income tax, did you? This is one of the points that I have been trying to make. We need to talk, so we can find a common starting point and proceed from that. Danny and I are on the opposite ends in philosophy and yet we are beside each other on this point. A couple of items for everyone to consider. the budget for the IRS is 12.94 billion dollars. We have over 67,000 pages of laws in our tax code. The number of forms is over 890. Americans spend billions of dollars more to have there taxes done and to keep records. According to an article  from, the Heritage Foundation, a flat tax could be reduced to a post card sized form for individual and corporate taxes. Think about the savings to all of us by doing this. All income would be taxed at the same rate and they could eliminate the taxes on estates, investments and interest on savings. Only income would be taxed and the savings would permit us to allow investments without an additional tax. Also for people and especially Danny, hold on for this one, think about the effect on personal liberties. No longer would the IRS or any federal agency have your information about banking or investments. We as a nation would have more money and more freedoms to pursue the items that are necessary to move us forward.

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