Sunday, May 20, 2012

Tax Reform That Is Simple, Transparent, Fair

Tax Reform That Is Simple, Transparent, Fair

Here is another idea on how to make the tax system simpler and more fairly applied to all Americans.  I am all for a far simpler tax plan and that everyone gets skin in the game.  I am not sure how this plan prevents the politicians from constantly jacking up the percentage from 20% to 30% or 40%, they would say that at 40% the employer would only be paying 20% which is lower than the current 35%, but the 20% would be harder to sell.  The politicians know that if it comes out before we see it, they can monkey around and most Americans won't call them on it.  I like the scheme of the plan, but the controls are very week.

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