Friday, October 26, 2007

My Tax Plan

This week on ‘The Nightly Business Report’ Irving R. Levine gave a commentary on the tax gap. That is taxes owed that are not paid for a variety of reasons. The main reason he describes, and who wouldn’t agree, is the complexity of the tax code: 66,000 pages. His solution is a national sales tax, which is front and center in the current tax reform debate. I would also support a national sales tax and you cannot deny that it would be almost impossible to escape, until the lobbyists and politicians work their magic that is.

The assault on the limited government our founding fathers envisioned has no greater enemy than our current system of taxation. Attempts at simplification are nothing new, the results undeniable. Russia suffering from an extreme tax gap brought that gap to almost nothing by instituting a flat tax. Tax reform movements are growing demanding simplification and accountability from our politicians with no tax increase pledges. The best congress has to offer to date has been a simplification plan introduced by Paul Ryan of Wisconsin.

What is my tax plan? A Constitutional Amendment requiring the entire tax code, tariffs, entitlement taxes, telephone and utility taxes, fees, penalties and all moneys received by the federal government in any form be contained on 1,000 8 ½ x 11 pages, plain English, 1.5 spacing, 12 point times new roman font. Excluding fines contained in the criminal code. All appendixes, indexes or supplemental of any kind must be contained within the 1,000 pages.

Yes, I will be writing about Mitt Romney.