• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Tax change idea???

Stretch

Well-known member
Working at chores last evening and got to thinking about investor type of land purchacers and got to wondering what would happen if the country went to a flat tax on income instead of having all the deductions and such? Something like a 1/4 of a % on gross income or something like that. Would this get rid of people that come in from the media, oil and mfg industry and purchase land for terrible inflated prices and price the rest of us out out land that we would like to own but are smart enough to know that it just doesn't pencil out and so we leave them acres alone. Fire away just thinking out loud... :D
 

Cal

Well-known member
A flat tax would put too many accountants, IRS agents, and tax attorneys out of business, besides destroying the avenue for the EITC. Don't hold your breath about any such reform because these groups (except for maybe the IRS?) will keep lobbying and donating until the very bitter end.
 

Latest posts

Top