Flat Tax or the Current Tax Code?

 Implement a Flat Tax and Bury the Current Tax Code

Another call for a flat taxIs the flat tax finally coming? There are many, like myself, who wish it were, but unfortunately, not just yet.  Two or three decades ago, some knowledgeable financial advisors were touting the benefits of instituting such a tax.

Now, here we are, about thirty years later, and the US debt is $19,229,279,536,521.72 as of today. (Yes, $19 trillion dollars.) That equates to $63,291.00 for every man, woman, and child.

Early in the 2016 presidential primaries, there were several GOP contenders who favored the flat tax. Their beliefs were that it is a fairer tax for all, and that has merit. View full post…

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