The income tax is irretrievably broken. It’s going to have to be replaced with something that’s fairer, easier to administer and comply with, and can’t be evaded. Some are promoting a flat tax as the fix for what’s wrong with the income tax. Unfortunately, a flat tax is still a tax on income and comes with many of the problems that plague the current income tax.
This week, the FAIRtax Guys continue their side-by-side comparison of the income tax, the flat tax and the FAIRtax. Putting politics aside and looking strictly at the merits of each plan, the FAIRtax is the clear winner.
Catch FAIRtax Power Radio on Tuesday Jan. 23 at 8:00 PM Eastern on the FAIRtax Official Facebook page and the FAIRtax Guys YouTube channel.