Wednesday, June 24, 2015

Rand Paul's Flat And Fair Tax: Even Better Than Reagan Plan

Rand Paul's Flat And Fair Tax: Even Better Than Reagan Plan - Investors.com: "Perhaps the strongest case for the Fair and Flat tax is that it eliminates all of the special interest loopholes and carve-outs in the tax code.

Tax lobbyists in Washington would become an endangered species — and it couldn't happen to a nicer group of people. The richest 1% get the preponderance of the tax write-offs, so getting rid of the big deductions would increase their taxable income while lowering the rate.

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