The income tax is irretrievably broken. It’s going to have to be replaced with something that’s fairer, easier to administer and comply with, and can’t be evaded. Some are promoting a flat tax as the fix for what’s wrong with the income tax. Unfortunately, a flat tax is still a tax on income and comes with many of the problems that plague the current income tax.
This week, the FAIRtax Guys continue their side-by-side comparison of the income tax, the flat tax and the FAIRtax. Putting politics aside and looking strictly at the merits of each plan, the FAIRtax is the clear winner.
