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Originally Posted by joepole
A flat tax would be great, but 10% is way too low. I wish we lived in a country that could survive on a flat tax of 10%. 40% is more realistic.
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I agree with you, all things being equal. But imagine what might happen to our economy with a flat tax or fair tax at around 20% to 25%. The economy would really soar. If the economy doubled, then revenues at 20% would equal the 40% mark in our old tax burdened system. I'm just saying the there are two ways to increase government revenues, raise tax rates or help taxpayers make more money. I prefer the second method.