A flat tax would be better than the system we have today. As long as everyone is paying
One additional benefit; a flat tax will slow down politicians who want to manipulate the tax code for political gain.
“The best option, the most pro-growth option is a flat tax. I believe it is time that America adopted a flat tax and scrapped the current system once and for all,” he said Monday in at the Detroit Economic Club. “It’s fair, it’s simple, it’s effective. It’s an idea whose time has come,” he said.
Pence is thinking about running for president in 2012, and the Detroit speech was billed as a major economic policy address designed to outline his positions on the economy and job creation. While Pence has enjoyed enthusiastic support from social conservatives, he is working hard to cultivate support among the fiscal conservatives that are driving the tea party.
In backing a flat tax, Pence would join past GOP presidential hopefuls who made the idea a key part of their campaigns — most prominently, Texas Sen. Phil Gramm in 1996 and Steve Forbes in 1996 and 2000. Under a flat tax, all Americans would pay the same percentage of their income in taxes.
This is a great idea in my opinion. We need to get rid of this success punishing progressive tax code. It’s goes against everything America is about.
I think its a great idea as well.
If he can make it happen, he has my vote. I believe Latvia has a flat-tax, and they are considered the Tiger of the former USSR, there economic growth is ridiculous. But far be it for a progressive to look at evidence. Its about social engineering.
I think a lot of former Soviet (Eastern Europe) satellites have flat income taxes and they are not asking for bail outs.
I propose “NO TAX!”
Simply put, an income tax of any amount is immoral. Contrary to the government’s severe budget problems, it takes in way more money than it needs, and there are plenty of other more palatable and less destructive ways of taxing people besides stealing a portion of their income.
There is no moral and/or conservative argument in favor of an income tax. Let’s kill it today! The sooner the better.
I was going to say something about no taxes.
I would like it, no doubt. But, there is no way our warm and fuzzy government will ever give up collecting taxes.
I would say the best way to make the problem better, is to take the incremental page out of the progressives play book.
Step one, implement flat tax.
If everyone knows the percentage is and it is out in the open it will make it really difficult for politicians to raise taxes. When they come to we the people and ask for a two percent increase in taxes, it is pretty easy for everyone to know what that is going to mean for their take home pay. then squeeze the percentage as low as possible.
Step two, squeeze the Washington beast to as close to zero as possible.
Just as in the above example, every time a tax cut is proposed, everyone can quickly ‘run the numbers’ and see how much more money will be in every pay check.