- May 17, 2013
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Business taxes could be handled the same way...........flat tax on them as well and end the mountains of regulations and forms................End the BS..............Flat Tax on income, everyone pays a flat rate.............All deductions gone and send in the Tax Return on a post card.................would increase Federal Revenues and would get rid of the thousands of pages of tax laws and red tape filing taxes now................Those in poverty or very low levels of income could pay reduced rates to pay for their S.S. and Medicare portions of the equation...........
Our tax laws are too complex...............allows too many loop holes and headaches at tax time. End it and stop bitching.
That wouldn't get rid of the IRS or most of the IRS code, which is concerned with business deductions. The only way to do that is abolish the income tax.
While it wouldn't get rid of the IRS..........it would allow to cut the hell out of the employees there.............
It would make tax season a lot less complicated..............pay my rate and done..............
Sale tax only systems do work...........but are dangerous............as they can be added to the prices for every step of production exponentially expanding the cost.............but that would depend on how it is structured............
Examples from wiki............
Consumption tax - Wikipedia the free encyclopedia