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Topic:
I am not convinced how effective 'simplifying the tax code' would really be [Locked] |
AzureTyger  Title: Awesome
Posts: 462
Registered: 2002-4-1 15:49:04
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
After all, isn't our current tax code mostly a polyglot of regulatory attempts to fix loopholes in what were originally simple laws? Simplifying it, without getting it pretty close to airtight - a nearly impossible proposition when you consider who would work on the tax code vs the legions of wealthy legal representatives who will work against it later - seems like an invitation to a ton of abuse to me.
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
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Everybody and their mother knows that the entire system needs to be nuked from orbit and rebuilt.
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Grymlo Posts: 415
Registered: 2002-4-30 05:51:06
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
Flat tax or fair tax eliminates these loopholes you speak of.
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A Nation of Sheep Breeds a Government of Wolves!
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Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
Grymlo posted:
Flat tax or fair tax eliminates these loopholes you speak of.
It has its own problems.
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Grymlo Posts: 415
Registered: 2002-4-30 05:51:06
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
Sin_of_Onin posted:
Grymlo posted:
Flat tax or fair tax eliminates these loopholes you speak of.
It has its own problems.
It does but not anywhere near the amount of problems our current plan has.
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A Nation of Sheep Breeds a Government of Wolves!
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Scarne Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
Grymlo posted:
It does but not anywhere near the amount of problems our current plan has.
How can you say that about a plan that is purely theoretical? Because obviously political ideas always work as well in practice as they do in theory. 
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Clackdor  Posts: 163
Registered: 2001-9-21 12:10:52
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
All tax plans will suck. A rebuilt tax plan will be subject to lobbying for any number of loopholes that politicians will have little interest in resisting.
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Grymlo Posts: 415
Registered: 2002-4-30 05:51:06
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
Scarne posted:
Grymlo posted:
It does but not anywhere near the amount of problems our current plan has.
How can you say that about a plan that is purely theoretical? Because obviously political ideas always work as well in practice as they do in theory.
Really? We are talking about a flat tax here. Not some pos tax system like our current one.
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A Nation of Sheep Breeds a Government of Wolves!
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Ptilk Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
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Flat tax would suck, and it would still be liable to manipulation from special interests and well connected people. Before the ink dried on the paper it would have new loopholes and exemptions added to it and be just as screwed up as our current tax system in no time.
Not to mention it would have to be around 38% to fund the current budget...which would suck for everyone.
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Modeeb Title: A Ghost In The Machine
Posts: 1,258
Registered: 2002-4-19 10:48:36
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Date Posted:
1/1/00 12:00am
Subject:
I am not convinced how effective 'simplifying the tax code' would really be |
There are over a hundred years of some quality jurisprudence in the tax code. But , there are a bewildering amount of tax laws designed to social engineer, many to retain the status quo, and some obvious loop holes -exploits paid for by those in power owning the politicians making the laws. I have made arguments many times against the weaknesses of a flat tax. I think every tax professional on this board knows those arguments (e.g. the tax rate is one of the easiest part of applying the law, arriving at taxable income is where the common law has made many advances). I can make them again and again-but why?
It was close to insane eliminating the estate tax altogether. Btw, flat tax heads, what will you do about state taxes? Most of those who want the flat tax, dont understand the tax law.
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