Colin, much as I appreciate the tremendous contributions
you have made to this thread, and the great effort that
has been (several of which have been direct responses
to me), well, in a word, methinks the CPA protesteth
way too much.
Sure, things could work as you say, but there is much
merit in flat taxes and no tax on capital gains or
interest which you have glossed over or hyped up.
Is this MY opinion? Sure. Can I back it up? Well,
look at the history of the income tax itself. It
was originally unconstitutional, required an amendment,
and was utterly against the notion of how fair taxation
should be carried out when the constitution was written.
Do I know how THIS congress in this era would implement
a flat tax? No, I don't. Chances are it would be
pretty close to the picture you paint. But it doesn't
HAVE to be that way, and it wasn't always that way.
Can we go back? I personally doubt it, but stranger
things have happened. Anyway, my doubting it doesn't
make it a foregone conclusion.
Go ahead, file 1040EZ. That's why we're all here asking
questions, because we're all filing 1040EZ. That
makes no sense to me; it's like saying we already have
a simple game of life because marbles is a simple game.
Doesn't follow at all.
You have been so generous with your time and efforts
and expertise here that I really hate to disagree, but
I must.
Best Regards,
Spots |
