These days, quite a bit has been said about the fair tax – likely because it has been widely touted by a number of presidential candidates, including Huckabee. The fair tax is often compared to the flat tax since both are ostensibly plans that are based on a fixed number. The flat tax plan has…
Many proponents of the flat tax have advocated for the elimination of tax on dividends and interest, leaving only a tax on wages and “earned income.” The argument for the elimination of such a tax is that it would encourage investments and savings and thus, stimulate the economy. The argument against the proposition is that…
A number of the presidential candidates have suggested replacing the current tax system with a more simple program. It feels like it shouldn’t be hard to do since Title 26, the Tax Code, is the largest section of the U.S. Code. To put the laws and related documents on paper now takes more than 55,000…