Flat taxes end the thousands of pages of regulations.....While we should cut spending with a chain saw, we still need to get rid of the debt and the interest on the debt. We can't pay that back without revenues.................It's Reality..............and a necessary evil...................
We could bring back the Red State Tax Plan instead, which requires every state to pay the bills of the Federal Gov't based on the percentage of population and the amount of spending. If states get that bill they would be less likely willing to create more spending when the bill comes to their doorstep.
Government - Interest Expense on the Debt Outstanding
415 BILLION spent on the interest on the debt for 2013
I think the FAIR tax is the best solution. A consumption based tax would eliminate the need for the IRS. It would make all the complex tinkering Congress does virtually impossible. it would be almost impossible to evade because everyone who spends money would be taxed, not just people with reported income.
There's no reason in principle that a consumption based tax couldn't generate just as much revenue as an income tax. However, high tax rates would generate a lot more opposition since they would be obvious when you paid them and everyone would have to pay them, not just the so-called "rich."
A flat tax would not end the thousands of pages of regulations. For one thing, the IRS would still have to set rules for businesses that define what "income" is. For another, all the incentives on Congress are to continually add exemptions and special breaks for their buddies and donors. The only way to prevent that is to make it unconstitutional.,