I lean toward a flat tax. But I want to make it real flat, like ZERO.
The flat tax would be so simple, you could fill it out on a post card. A post card that would say, in effect, having a wonderful time; glad most of my money is here.
It's not rocket science. Hong Kong has 95% tax compliance, because it's code is only 4 pages long with a 15% flat tax.
If Congress were to pass a 'flat' tax, you'd simply pay a fixed percentage of your income, and you wouldn't have to fill out any complicated forms, and there would be no loopholes for politically connected groups, and normal people would actually understand the tax laws, and giant talking broccoli stalks would come around and mow your lawn for free, because Congress is NOT going to pass a flat tax, you pathetic fool.
The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.
I was working on a flat tax proposal and accidentally proved there was no God.
In a perfect world we would bring corporate tax rates down to 25% or less so we can get competitive in the world economy. Ultimately, I would love to see a flat tax.
Did you know that they introduced the 15 percent flat tax on individual and corporate income in Iraq? Something that some politicians very much wanted to push in the United States without success but in Iraq they do it.
I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business.
We don't need a flat tax, but a flattening tax, to truly level the playing field.
I will support a low, flat tax for businesses and individuals so that we fix the tax base and grow the economy.
Today the Internal Revenue Code constitutes cruel and unusual punishment. A flat tax would be an enormous step forward.
On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top of the pyramid.
From 2008 to 2016 all the growth in the American economy, all the growth in national income, was earned just by the wealthiest 5% of the population. So they got all the growth. 95% of the population didn't grow. If you can get a flat tax or other lower tax, as Trump is suggesting, then this richest 5% will be able to keep even more money. That means that the 95% will be even poorer than they were before, relative to the very top.
Under my plan, 85 percent of America will pay no tax or have a flat tax at our lowest rate of 15 percent.
I guess it's like trying to put through the flat tax, which is probably my favorite one of all.... if we did pass it, all of a sudden, what do you have? You have the whole tax system run by a little old lady on a home computer, doing the work of all these thousands of bureaucrats and accountants. Passing that would be amazing, wouldn't it?
A flat tax is roughly the same as a sales tax.
The flat tax I got on my first meeting with Margaret Thatcher, who I admired very much and who was a great admirer of Milton Friedman. I met her first when I had been prime minister I think for some months and so on, and when I told her what I am planning to do, she looked at me with these big eyes and said: "You are one brave young man." And then a little bit introduced me on the realities of the Western world on which I was not very well informed. But I didn't stop.
Rick Perry unveiled his new tax plan. He says he wants a flat tax. He believes that tax should be flat, just like the earth.
Ben Carson says his flat tax will be around 15 percent. And by God, if he ever shows you the details, you'll see how awesome and deficit-killing it is.
Maybe this will be the beginning of a trend? Flat taxes, cutting foreign aid, a referendum on Europe, grammar schools. Who knows?
The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets.
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