Flat Tax?

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You are avoiding the issue of how income is defined and computed. Do you think it really makes a difference that income is taxed at 32% or 28% or 17%? The real difference is how you define "earnings" and "income" to be taxed.

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Good point and while I get the impression that Forbes wants to scrap the old tax code and replace it with something far simpler, I think we need more details from him on the specifics bo questions. Has he provided such details or is it mainly just the idea that under the flat tax there are no deductions other than the basic exemptions? If so I would guess that "income" = gross income minus business expenses minus the standard exemption. In other words you couldn't itemize deductions on your personal return anymore if you went with the flat tax.