Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Wonderful idea if you've already made your multi-million dollar fortune or inherited it. All flat tax proposals I've seen exempt interest, diviidends and capital gains. The woriking guy getting along mostly on wages still pays. And a national sales tax really hits the poor and middle class hard. Proponents say they would rebate money to those below a certain income level. We don't replace the IRS with such proposals, we just change their function.

I might support a flat tax that covered ALL income but not the proposals I've seen put forward by Steve Forbes and others who get most of the income from investments.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.