re: #183 Fozzie Bear

Loopholes have absolutely nothing to do with either flat tax plans or progressive tax plans. They are just that, loopholes, and we could eliminate many of them without touching the underlying tax code.

Yes- but getting rid of tax loopholes would be a lot easier with a flat tax scenario.

I like the Simpson-Bowles idea- three tax rates, no exemptions, no loopholes- really a combination of flat and progressive taxes.

12%, 14%, and 18%.