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Flogging the Flat Tax
Tax fairness means everyone has to share equally in the burden of tax complexity.
Republican presidential hopeful Rick Perry must be onto something with his flat tax. Liberals wasted no time on Tuesday shooting arrows at the Texas governor’s proposal, labeling it a giant-sized tax cut for millionaires and billionaires that’s paid for with higher taxes on the middle class.
Obama administration spokesman Ben LaBolt said the flat tax “would shift a greater share of taxes away from large corporations and the wealthiest onto the backs of the middle class.” Mr. Obama’s team just can’t get away from the class warfare theme.
The Democratic National Committee was also on the warpath. It sent out an email claiming to “fact check” the Perry flat tax, which would offer taxpayers the choice of filing under the current system or paying a 20% rate. The DNC cites former Obama administration economist Jared Bernstein, who says “not only would [the plan] shift the tax burden from the rich to middle-class and poorer taxpayers, but it would also shift the burden of tax preparation away from the rich.” Apparently, tax fairness means everyone has to share equally in the burden of tax complexity. Now, there’s an argument that only a tax accountant could love……READ AT SITE