Tag Archives: Income Tax Reform
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
Posted in Flat Tax, FreedomTax, News and Analysis, Tax Reform, Taxation
Tagged 1986 Tax Reform Act, flat tax, Freedom Tax, Income Tax Reform, IRS, Person Taxation, Tax Returns
