.
See: Steve Forbes Says Flat Tax Fairer Than Fair Tax
March 23, 2015
‘Forbes, who has long been a vocal advocate for the "Flat Tax," joined The Costa Report to explain just how complex the current tax system has become. He says the 4 million-word code is the tip of the iceberg because it doesn't take into account millions of additional pages of interpretations, analysis, legal rulings, and other data experts must navigate to comply with the law. According to Forbes, growing complexity has increased the number of errors reported. He pointed to a recent government investigation which discovered that agents who monitor the IRS Hotline were wrong 20-30% of the time, and the IRS taxpayer assistance program had a 61% error rate.”
What Mr. Forbes refuses to acknowledge is his flat tax does not end the arbitrary interpretations of what is and what is not taxable income, or why a person’s gross annual wage is considered taxable profit or gain in its entirety without first allowing the deduction of all necessary outlays and expenses to arrive at a taxable profit or gain.
In addition, the Forbes flat tax does not end the immoral direct tax levied upon individuals which is used by folks in government as a political weapon against political foes or as a tool to intrude into a person’s private affairs, not to mention how it is used to manipulate the private lives of the American People and Americas' businesses while upsetting the advantages of a free market system which our founders established.
Finally, Mr. Forbes refuses to acknowledge his flat tax on incomes still requires a massive and costly IRS to collect the tax, and businesses and individuals to waste $BILLIONS each year to comply with income taxation. The cost of preparing and filing all business and personal income tax returns is now estimated to be $250–$300 billion each year!
It should also be noted that Mr. Forbes makes some absurd comments to defend his flat tax against the "Fair Tax" and why the fair tax is “problematic”. While I agree the “fairtax” is problematic, it is not because of Forbes’ absurd comments. One of the major faults of the “fairtax” [H.R. 25], is because it would establish two new taxes, a 23 percent tax upon articles of consumption and another 23 percent tax upon the sale of labor, while keeping alive Congress’ power to lay and collect taxes calculated from profits, gains, and other lawfully earned “incomes”.
It is interesting to note that Steve Forbes also ignores as “tax reform” going back to our Constitution’s ORIGINAL TAX PLAN which paved the way for America to become the economic marvel of the world by encouraging Congress to follow sound fiscal policies.
JWK
“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.
See: Steve Forbes Says Flat Tax Fairer Than Fair Tax
March 23, 2015
‘Forbes, who has long been a vocal advocate for the "Flat Tax," joined The Costa Report to explain just how complex the current tax system has become. He says the 4 million-word code is the tip of the iceberg because it doesn't take into account millions of additional pages of interpretations, analysis, legal rulings, and other data experts must navigate to comply with the law. According to Forbes, growing complexity has increased the number of errors reported. He pointed to a recent government investigation which discovered that agents who monitor the IRS Hotline were wrong 20-30% of the time, and the IRS taxpayer assistance program had a 61% error rate.”
What Mr. Forbes refuses to acknowledge is his flat tax does not end the arbitrary interpretations of what is and what is not taxable income, or why a person’s gross annual wage is considered taxable profit or gain in its entirety without first allowing the deduction of all necessary outlays and expenses to arrive at a taxable profit or gain.
In addition, the Forbes flat tax does not end the immoral direct tax levied upon individuals which is used by folks in government as a political weapon against political foes or as a tool to intrude into a person’s private affairs, not to mention how it is used to manipulate the private lives of the American People and Americas' businesses while upsetting the advantages of a free market system which our founders established.
Finally, Mr. Forbes refuses to acknowledge his flat tax on incomes still requires a massive and costly IRS to collect the tax, and businesses and individuals to waste $BILLIONS each year to comply with income taxation. The cost of preparing and filing all business and personal income tax returns is now estimated to be $250–$300 billion each year!
It should also be noted that Mr. Forbes makes some absurd comments to defend his flat tax against the "Fair Tax" and why the fair tax is “problematic”. While I agree the “fairtax” is problematic, it is not because of Forbes’ absurd comments. One of the major faults of the “fairtax” [H.R. 25], is because it would establish two new taxes, a 23 percent tax upon articles of consumption and another 23 percent tax upon the sale of labor, while keeping alive Congress’ power to lay and collect taxes calculated from profits, gains, and other lawfully earned “incomes”.
It is interesting to note that Steve Forbes also ignores as “tax reform” going back to our Constitution’s ORIGINAL TAX PLAN which paved the way for America to become the economic marvel of the world by encouraging Congress to follow sound fiscal policies.
JWK
“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.
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