How to make the flat tax palatable

  President Trump wants to reform the income tax.  Based on his previous proposals, he wants three tax brackets – namely, 35%, 25%, and 10%.  He would also let us keep more of our own money.  The resulting tax law would be better for the economy, but it would be no simpler.  What would make it simpler is a flat tax. A flat tax would be a percentage of income with no deductions.  It would be so simple that most people would not need to fill out any tax forms.  After all, you do not fill out any tax forms to send in your Social Security tax.  A flat tax is also constitutional.  Article I, Section 8 of the Constitution says, "[A]ll Duties, Imposts and Excises shall be uniform throughout the United States."  This means that one cannot tax people of different incomes differently.  We have been violating this law since 1913. Many people would rejoice at such simplicity, but what would its detractors say?...(Read Full Post)

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