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Why don't we see the Fair Tax debated more seriously in the press?
The more I look into it the more sense it makes. Doesn't the idea at least merit a good debate?
Please keep in mind, I said Fair Tax not Flat Tax.
6 Answers
- lhillsLv 41 decade agoFavorite Answer
I agree, but few people know much about it. Bottom line, ratings are king and most Americans don't want to see a debate on something they don't understand
- Anonymous1 decade ago
Because even if it were adopted, it wouldn't take more than a decade to get back to where we are today...let's say the IRS got abolished, and everyone just paid 10% of their income in taxes....that's your "flat tax"....what about the REALLY poor people earning below the official poverty level? Should they have to "fork over" 10% of everything they earn (and then we have to make it up with tax dollars so they don't starve)? No. So the "flat tax" will have a minimum threshold....what about businesses that are about ready to bust out and hire a bunch of folks? Everybody wants more jobs, right? So....we'll extend a tax break to them....the mortgage deduction? It's a good thing if people buy their own houses, right? So we'll give a tax break for that.....and so on and so on....and pretty soon we'll be back just where we are today!
We don't need a debate....we already ran the experiment & got the results...the Congressperson who cannot be lobbied into giving someone genuinely-deserving a tax-break has not yet been born, and likely won't be any time soon...
- dobberxLv 71 decade ago
Because it's patently stupid fringe idea.
A flat tax would have to be at least 25% and that would mean a MAJOR tax increase to the poorest taxpayers.
I think we need the opposite - a more non-flat tax - more tax brackets.
The progressive system we have now works just fine.
Or at least it would if one of our political parties would stop insisting the richest need tax cuts to survive.
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- hurtsx2Lv 61 decade ago
Because it is not part of the DNC authorized agenda. They discuss what their DNC masters allow them to discuss.
- Anonymous1 decade ago
the current one is fine