Tag Archives: flat tax

Not Just Another Flat Tax

Low-rate taxation would markedly increase after-tax returns, thus fostering saving, investment, and overall business expansion and, in turn, job and wage growth. There’s a lesson in the FreedomTax – The nation doesn’t need tax reforms with still too-high tax rates … Continue reading

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Why Income Tax Reform Is So Difficult

Ask yourself: Why can’t the income tax be made as simple and compliance easy as paying the federal motor-fuel tax? The motor-fuel tax does not require personal motorist tax returns to be filed to collect the tax, nor are there … Continue reading

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Person Taxation: The Root of the Income Tax Mess

Taxing all income the same opens the door to a far-reaching revolutionary reform. Under the single-rate FreedomTax, the tax will be levied, collected, and paid at the source of payment in the case of many forms of income – dividends, … Continue reading

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Don’t Be Fooled by the “Flat-Tax” Reform Plans and their Promise of a Postcard-Tax Return

The FreedomTax would have a design structure freeing most Americans from ever having to file a tax return again, not even a postcard. In most cases, the income tax would be collected at the source of payment. It would substantially reduce income-tax compliance burdens. It would end the present tax system’s drag on the economy and on job and wage growth. It would save the Treasury billions in tax administration costs, and the IRS would be massively downsized into a little-noticed ministerial tax-collection agency. Continue reading

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Finding the Road to Real Income Tax Reform

As a tax reform proposal, the FreedomTax is revolutionary. It’s more than just a proposal to clean up a tax mess. It would overturn and junk the two pillars of the establishment’s system of taxation, replacing that system in its entirety with a true income tax. This new tax would be a 10% flat tax on all income, taxing all income the same so that all income would bear its fair share of the income tax burden. The FreedomTax would dethrone the IRS, transforming it into a mere ministerial agency charged with the benign task of administering a greatly simplified income tax and tax-neutral much like the motor-vehicle fuel tax. Continue reading

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What Distinguishes the Freedom Tax from the Fair Tax?

The Fair Tax does not really abolish the IRS. BUT, the FreedomTax would achieve this goal for nearly everyone. As a simple, tax-efficient income tax providing for the at-source taxation of most income, the FreedomTax would end the universal personal-return filing requirement. This reform will result in most people never again having to file a personal tax return to pay their personal tax to the IRS. The FreedomTax will result in a dramatic down-sizing of the IRS, effectively abolishing it from our lives. Continue reading

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Would the Freedom Tax Abolish the IRS?

The IRS now requires nearly 95,000 employees and an annual operating budget of almost $13 billion to administer a taxation system having a design based upon over 77,000 pages and 5 million words of incomprehensible tax law. The FreedomTax would have a simple and less-burdensome tax design, estimated to reduce the size of the present Tax Code by 95%. Continue reading

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Is Ted Cruz the New Champion of the Flat Tax?

Cruz is wise to champion a flat tax early on in the presidential race for the White House, it may be enough to tip some undecided Republicans over to him, especially non-social conservatives who have not yet warmed up to him. He has a long history of advocating for a flat tax. And if he does become president, Cruz is the aggressive, gutsy type of leader who will make it happen. Continue reading

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The IRS Tax Refund Mill for Illegals

Since the imposition of the Individual Taxpayer Identification Number (ITIN), whereby individuals residing within the borders of the United States, yet ineligible to receive Social Security Numbers have been able to file tax returns, widespread fraud has gone unabated. This according to the 2012 report (Reference Number: 2012-42-081) issued by the Treasury Department’s Inspector General for Tax Administration (TIGTA).

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