Originally Posted by
tsquare
They aren't even talking about getting rid of the mortgage deduction... If I were President though.. it would be gone.. after I instituted a 10% flat tax on ALL earnings...
TAX FORM:
1) How much did you make last year? ________________
2) Multiply by .1
3) Attach your check here ------------->
But it would have to come with a Constitutional amendment, because the 537 idiots in DC are so incompetent that they wouldn't be able to resist the urge to start dipping into it again....
The country long term would be so much better off if you're taxes were not deducted from your paycheck and you had to scribble out a check out of your own savings account. That would get a lot of attention.
I'm all for a flat tax and I'm sure those who like to guide personal behavior via the tax system, plus thousands upon now new thousands of IRS auditors would be against it, but I'm really sure the people who build these would be against it just as much the non tax paying GE....
but so be it.