Letter: Simple flat tax on income would be fair to everybody
Thursday, Nov. 11, 2004 | 9:24 a.m.
Speculation has begun that President Bush will attempt to reform the Internal Revenue Service by advocating the implementation of a "flat tax" on personal income.
Given the general belief that the tax code is overwhelmingly complex and riddled with provisions that benefit special interests, the flat-tax principle of one tax rate on all income, with no deductions, should be appreciated and applauded for its simplicity and fairness.
The adoption of a flat tax would result in greater taxpayer compliance by providing ease of understanding and ease of completion with regard to tax returns. Most individuals would be spared the expense and inconvenience of professional tax preparation.
Establishment of a flat tax would eliminate investment distortion by individuals. Investment would be made on the basis of sound economics rather than on the basis of tax-reduction potential.
Most importantly, it is unfair and illogical to penalize personal financial success by imposing higher rates of taxation on individuals who have higher amounts of income.
The simplicity and fairness of a flat tax would be a welcome relief for all Americans and would be highly effective in raising the level of confidence that Americans have in their government.
Achievement by President Bush of the implementation of a flat tax should be a priority and actively supported by all Americans.
JORDAN BODENSTEIN
archive
- Most Read
- Discussed
- Most E-mailed
- Trial delayed for man accused of shooting 3 officers
- Kruger hoping his team will play with grit
- Ten minutes with Chelsea Handler is better than no minutes with Chelsea Handler
- Pricing out wagers on the Pacquiao-Cotto fight
- RTC bus driver fired, arrested after allegedly attacking woman
- Two second-graders involved in shooting at bus stop
- CityCenter Realtors hit with cut in commissions
- Privé owner files for bankruptcy protection in Florida
- Shanghai’s maglev: Flying with both feet on the ground
- Trainers scuffle at Manny Pacquiao, Miguel Cotto weigh-in
Blogs
The Greene Room
Predicting this weekend's Mountain West football slate
Top Chef: Las Vegas
Top Chef Episode 11: Child's play
Miech Again
UNLV prez Smatresk is ready for some basketball (5 Comments)
Politics: The Early Line
Harry Reid's fourth TV ad begins running today
The Greene Room
Chad Ochocinco vs. Anderson Silva? That would be a sight ... (4 Comments)
Top Chef: Las Vegas
The Jet Stream: The three stages of chefdom
Miech Again
Rebels rookie Lopez says redshirting is his best move (12 Comments)
Calendar »
- 14 Sat
- 15 Sun
- 16 Mon
- 17 Tue
- 18 Wed
-
Pacquiao vs. Cotto at the MGM Grand Garden Arena
MGM Grand Garden Arena | 6 p.m. to 11 p.m.
-
Friends of India Diwali Celebration at Cashman Field with Dan Nainan
Cashman Field | 7:30 p.m. to 10 p.m.
-
Norm MacDonald at the House of Blues
House of Blues
-
Boulder City Art Guild Winter Fest Fine Art Show
Boulder City Parks & Recreation
-
John Fogerty at the Star of the Desert Arena
Star of the Desert Arena | 8 p.m. to 11 p.m.
-
Emeril Lagasse Foundation’s 5th annual Carnivale du Vin
The Venetian Resort Hotel Casino | 6 p.m. to 10 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati








