Posted by Bill Taylor on May 17, 1999 at 24:14:32:
Problem I have with the falt tax is the govt controlling the level. Lets take social security for instance. The rate has continued to go up steadily since it’s inception and then the income amt you were taxed on goes up and up based on the govt. needs. For example: lets say the beginning tax rate was set up to be 15%. A yr from now the govt insists it now needs another 1/4 per-cent of course every good American says no big deal. The next yr they need another 1/2 % again no big deal. It keeeps going up like this no deductions to reduce your liability your stuck to whatever they determine their needs. I like Steve Forbes and believe him to be responsible but what about the rest of those initial do-gooders. They go up to Washington with good ideas then get sucked up in all that mess and go along with the good old boys. Watch the flat tax don’t get sucked in by it.