Fair Flat Tax

This is Part 6 of a mini-series of videos covering the Federal Budget and Tax Reform options. The purpose of this video is to give you the facts about a Fair Flat Tax, so you can make a more educated choice. This video is part of the Political Common Sense for America series.

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[Mauhadeeb28]

Very simple. I like it. Uber transparent and never any over payments. There is no way to "catch a break" outside of blatant tax fraud. It doesn't matter how much you tax the corporations when there are so many loop holes. They have the lawyers and money to find these loopholes and legally evade being taxed. In a system of a FLAT non progressive tax there is no need for a return. It is what it is. The only loop hole would be to break the law by fibbing your income records. which already happens.

[brianboeheim]

@Mauhadeeb28 Thanks...even the fibbing on your income becomes near impossible, because it's up to your employer to manage that process and all the IRS will be focused on is accurate corporate reporting. The only way around it is working for cash, but business cashflow will be the key thing watched.

[oldgrumpyguy1927]

Great series on tax reform. I think your flat tax is right on track.  This makes it simple and seems fair for everyone.