Fair tax? Flat tax? Dan Mitchell says he’d take either one over what we have today. April 15th seems like a good day to remember that the IRS is larger than the FBI and the CIA combined — and as Dan suggests, has more power than both, too.
Is there really a flat tax revolution? This May 2008 video explains how nations around the world have begun to realize how a flat tax provides a stable platform for the business sector to succeed. Interestingly, most of the flat-tax nations are in former Soviet-dominated republics.
We’re going in the opposite direction, unfortunately. We continue to complicate our tax system, and the Obama administration promises even more complication. This benefits only two groups: class warriors and the IRS. Be sure to watch both videos.