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Let's talk Tax Reform!!
Ok, without this getting partisan (yeah right...we are on OT aren't we??) I am curious if anyone has experience in finances and has opinions on tax reform. After doing my 2005 taxes seems to me that:
1) The current tax laws are way too cumbersome.
2) Significant cash could be saved by doing away with the IRS.
3) Getting your taxes lower is all about hiring the right tax guy. So the wealthy have access to more tax breaks and shelters than Joe American (not that I have a problem with this, but it is a point).
So. What do you guys think of the Flat Tax or going to a national sales tax? Most of the proposals I have seen for either one exempt people under a certain income from taxes (in the case of the flat tax) or exempt basic staples like groceries, etc from taxes. I'm not sure which one I favor, but from what I have heard the flat tax sounds pretty good. Thoughts?
P.S. Pat please don't bother replying, we know that you think that taxation is thievery and the US government should be dissolved. Thanks.
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Rick
1984 911 coupe
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