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Originally Posted by rkzenrage
A flat tax is a "Flat Tax"... there are no loopholes, 2% or 10%, that is IT, no matter WHAT, come Armageddon, cancer, three arms, the boogie man or a "religious institution".
Income is income or paying for something is paying for something, end of story.
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Just because you say it is the end of the story, doesn't make it so.
Take a look at the
lesson of the movie "Coming To America" as an example of loopholes that will still exist with a flat tax. You probably have heard of this story. Paramount, the maker of the movie, was found to have stolen the idea for the movie from a script submitted by Art Buchwald. He was awarded damages. Even though the movie grossed over $350 million dollars, Paramount claimed there was no "net profit" made. They were able to use a fancy high priced accounting firm to show that the movie made no profit.
Those fancy high priced accounting firms are still going to be around after a flat tax, and they will work for the rich only, showing that they didn't make as much money as everyone assumes they did. Income is income for the poor, but income is not income for the rich.