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Arlen Specter Bails

232
Occasional Reader4/28/2009 11:29:41 am PDT

re: #227 Leonidas Hoplite

a) Why is it a Chimera?

b) (XX%)what you made = taxes owed.

On a): Because what’s complicated about the tax code is not that it has differential tax rates.

On b): See my #216.

I remember my tax law prof mentioning the idea lots of laymen have about how a flat tax will make everything “simple”, and put tax lawyers out of business. He had a hearty chuckle over the idea. (Actually, he had a great sense of humor… literally, he could have done standup. Yes, a tax law professor!)