I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business.
In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.
I think a flat tax has merit. Anything would be better than the current tax code.
If we had a flat tax code rather than a 70,000-page document full of cronyism and favors, bureaucrats and elected officials wouldn't have the power to do you any favors. That's what we need. You would have to compete on your own on a level playing field, but that's not what the government permits now.
In a perfect world we would bring corporate tax rates down to 25% or less so we can get competitive in the world economy. Ultimately, I would love to see a flat tax.
The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.
We spend millions of dollars every year just for the right to pay our taxes, but once again, do we really need to do that? Why don't we simplify it? And I've certainly looked at fair tax, I've looked at flat tax, and if I get to the U.S. Senate, I'd like to review that.
Who's on the case when it comes to the flat tax?
Did you know that they introduced the 15 percent flat tax on individual and corporate income in Iraq? Something that some politicians very much wanted to push in the United States without success but in Iraq they do it.
We are for pension reform, jobs, the flat tax, and justice reforms.
