Imagine there was no income tax. It isn’t hard if you try… But doing more than imagining is hard. Very hard. As the next chapter in my Tax Reform series, demonstrates, the federal income tax has a depressing number of upsides. Replacing it is thus more difficult than frequently advertised. That said, replacing the income […]
Tag Archives: tax reform
Time for a Better Flat Tax
The term “flat tax” generally conjures up images of the latest Republican giveaway to the super rich. But it doesn’t have to. Our current set of federal taxes is much flatter than most people realize. Throw in some gigantic loopholes and it’s downright regressive. (The benefits side, however, is arguably more progressive.) So, whether you are […]
Tips on Balancing the Federal Budget
For all ye Ron Paul fans who want to abolish the Federal Reserve System and go back to a gold standard, I have sad news for you: the federal budget needs to be balanced first. And not just balanced now and then. It needs to be balances on average. That means surpluses during good years […]
Time to Take on Tax Reform
Another Presidential election year, another Republican attempt to package tax cuts for the super rich as “tax reform.” Enough is enough! It’s time for balanced tax reform that isn’t a giveaway to the rich, or an excuse to run up the national debt yet further. And so I am jumping into the fray with a […]