Down with the IRS! (A look at the flat tax)

Apparently, a number of countries already have introduced the Flat Tax to try to boost economic growth. Since the mid-1990s, Estonia (24% tax rate), Latvia (25%) and Lithuania (33%) have had a flat tax system in place. Russia (13% flat tax), Slovakia (19%), Romania (16%), Macedonia (12% flat tax on personal income and corporate profit), and Ukraine (15%) also have a flat tax in place. Albania may implement a 10% flat tax this coming year.

Could a "radical" simplified tax code ever come to be in America? Everyone else seems to be giving it a try, why not the US? I'm not sure whether I prefer the Fair Tax or the Flat Tax but something needs to be done about the tax rates and tax system in America!

The Hoover institution has been big on the Flat Tax and have published the following book: The Flat Tax by Robert E. Hall and Alvin Rabushka.

I think I might have to make a book purchase as soon as I am done reading the The FairTax Book and FairTax: The Truth: Answering the Critics.

Taxes, taxes, taxes!!!

My beautiful wife and I are in the process of preparing our taxes. To make a long story short (which should be done with our tax code), our tax code is ridiculous, too friggin long and way too complicated!! It should not take this much time and effort to prepare a tax return!! Its bad enough that the government overtaxes us, at gun point no less! Try not paying taxes or neglecting your return filing and see what happens.

Of course, it wouldn't be this difficult or take so long if we implemented the FairTax.







Do I dread tax day? Absolutely. But what I dread more are the days it takes to prepare my taxes.