October 25th, 2011
02:00 AM ET

soundoff (11 Responses)
  1. Theodore Vardas

    The most important for growth is the increase in total effective demand not a change to a flat tax rate . Needed are policy actions to enhance recovery and growth of the economy .

    October 25, 2011 at 2:18 am | Reply
  2. Mark

    If you're rich maybe a flat tax will be better, but it will only widen the income gap. How can we expect someone making $25k a year to pay 20% in taxes when they're spending 80% of their income on rent and food? There is a problem with our tax code – loopholes, deductions etc. It may need to be simplified, but not "flat"

    October 25, 2011 at 3:32 am | Reply
    • j. von hettlingen

      True, Mark, a flat tax rate will not be fair for low income earners. It has to be progressive. The tax rate has to be increased in proportion to the taxable income.

      October 25, 2011 at 3:54 am | Reply
  3. keith whitcomb

    16th ammendment created a 6.5% FLAT TAX to soak the richest 5% at a time when it was a commonly understood fact that wages were not considered income. Since then our politicians have gone back and fiddled with the tax code 20,000 times and it is now up to over 68,000 pages. So how is the flat tax working out for you so far?

    We need to separate the politics of taxation from the politics, from the politics of spending. The FairTax would do that and grow the economy. It would return the 14 trillion dollars worth of business and investement chased out of our country by our tax code.

    Notice how the politicians like the flat tax. They will get the chance to start again from scratch and get re-bribed by lobbyists to re-enact the various loopholes, exemptions and deductions that turned the first flat tax into the 68,000 page monstrosity that we have now.

    If you have any doubt that our current system is broken, the governments doesn't even follow it's own rules when it comes to filling out a tax form. When were you given the option not to fill out a 1040 form?

    http://www.givemeliberty.org/rtp2/updates/update2006-06-09.htm

    October 25, 2011 at 7:01 am | Reply
    • Mark

      That website loses all credibility with it's "birther" nonsense.

      October 25, 2011 at 10:30 pm | Reply
  4. Orville Haslam

    How can a flat tax be fair? Disadvantages for low income earners,but not for the wealthy!! The middle class once again will bear the burden of this flat tax. My concerns has always been that most politicians depends too much on wall st, & why not go back to the tax level of President Clinton's administration!!

    October 25, 2011 at 8:19 am | Reply
  5. John Bailey

    There's nothing to debate. It will never happen. But we need to simplify the tax structure and this idea always sounds reasonable until you think about it for five seconds.

    October 25, 2011 at 11:02 am | Reply
  6. Pam

    no, a flat tax is not good at all. It is a sign of the repubs being socialists and they are against that. They are also against raising taxes but are willing to breach that promise as well. so what would they breach if they were in the white house–forbid! They do not want to bring jobs into the economy so tell me how can they justify the flat tax on people who have no jobs? We are not set up for a flat tax and that was revealed a while ago because our system is IRS based and not gobernment-jobs driven. If we did a flat tax, it would put the IRS out of business and raise unemployment. It would also get the rich off easy and force the poor to pay more $ that they cannot afford. It is a bad idea for America. If the repubs want this, tell them to go to a socialistic country and make their dream come true.

    October 25, 2011 at 2:05 pm | Reply
  7. Ron

    A flat tax would benefit some and have disadvantages for others. I am in favor of a flat tax only because it is simpler than our current system, and simpler is usually better.

    October 25, 2011 at 3:29 pm | Reply
  8. Rex

    A flat tax would be better but not Perry's version which offers a choice. Perry doesn't understand that by offering a choice between a flat tax of 20% or staying with a system which is full of tax loopholes, he would only be sustaining a broken system which corrupts our political system through undue influence. A flat tax is fair. The poor would pay less and the rich would pay more but everyone would pay the same percentage.

    October 26, 2011 at 10:32 pm | Reply
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