I thought you guys wanted a flat tax?
True flat rate income taxA true flat rate tax is a system of taxation where one tax rate is applied to all income with no exceptions.
In an article titled The flat-tax revolution, dated April 14, 2005, The Economist argued as follows: If the goals are to reduce corporate welfare and to enable household tax returns to fit on a postcard, then a true flat tax best achieves those goals. The flat rate would be applied to all taxable income and profits
without exception or exemption. It could be argued that under such an arrangement, no one is subject to a preferential or "unfair" tax treatment. No industry receives special treatment, large households are not advantaged at the expense of small ones, etc. Moreover, the cost of tax filing for citizens and the cost of tax administration for the government would be further reduced, as under a true flat tax only businesses and the self-employed would need to interact with the tax authorities.
Flat tax - Wikipedia, the free encyclopedia
I wasn't making my arguement above, which is why I didn'tadd anything but merely highlighted what I think was his stated argument. However, as long as there are a lot of things that can be called deductions, business effectively reduce their tax responsibility to the point of being meaningless, like GE actually making money instead of paying taxes. There hs to be more control, and it does have to be simpler. How we do that? There is reasonable room for debate.