Re: Movement to Completely Revamp Federal Tax System
I agree 100% with HDPM. Also, just because "Steve Forbes can afford to pay not just an absolute dollar amount far in excess of someone with one-tenth of his income, but also a higher percentage," that does not mean it is morally correct or equitable to force him to pay a higher percentage.
I would be in favor of a minimum income threshold before the flat tax kicks in (in other words, I don't think people at or below the poverty level should have to pay), but I think a flat tax is more fair than a progressive tax.
I also strongly doubt we will ever see a flat tax (since there would be far less money for our politicians to waste), so this whole discussion is probably moot.
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