Our Tax System Needs Changing

Our current tax system is complex, costly, and unfair. Surely, America can do better for our children than redistribution and regulation. Our nation is over four trillion dollars in debt. It is time to act instead of letting lawyers and politicians play with our money. A flat tax plan is a simple solution to remedy the stagnant apathy our nation has been so accustomed to for the last seventy years. A flat tax would make …

…taxes in the period 1943-1987 (as calculated in real 1987 dollars). In that period, the Federal Government received $9166.7 billion (in real 1987 dollars), but would have received $9963.2 billion (in real 1987 dollars) with a flat tax of 11%. I indicated that personal income would likely have gone up under a flat tax system. When you compare changes in personal income to changes in tax rates, there is a correlation between tax cuts and an increase in personal income. Som