That is, of course, not a "tax" question but a political question.
What do you think is meant by a "flat" tax? Do you really want to eliminate all deductions? Mortgage interest deduction? Gone. Married? You and your wife get taxed at the rate for as for singles. Kids? No exemptions for them. Sell your house? No exemption from capitals gains; it gets taxed at the flat rate, even if you buy another home to replace it.
Everything in the tax code was put there for a reason, from the reduced tax rates for married couples to the billion-dollar corporate welfare tax credits. Not necessarily for good reasons, mind you, but enough congressmen thought at one time that each of those loopholes was justified to vote them in.
Be careful what you ask for; you just might get it.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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