FLAT as in one rate, tax income only; no loopholes no exceptions no deductions no exclusions no ability to evade (can't live on teh corp dime, as the monies expended for your living cost are INCOME and taxable as such, so living in the corp mansion could cost ya, using that corp jet, could cost ya...live within you own incomes range and you will be happy..and law abiding) profits of any kind are income, or dispersed to the shareholders/workers as their income, and taxed perks abound from this solid tax revenue vector, no corp tax no sales tax no property tax (profits from property sales is income, and that is taxed) No CORP tax...think of all the offshore mfg jobs being rebuilt HERE due to corps relocating to USA soil as HQ for the low taxes on corporations and lack of other taxation. This would also mean full disclosure of 'books' and some very stiff penalties for anyone caught cheating. Ideas on this, has to blast the barriers on 'cost of doing business' and the risk/reward factors..ideas? Now I can concede there may be some other form of a tax placed on international sales and such, but those would be closer to 'tariffs' and a form of sanction on countries not in 'favor' with US. AW sparked this by mentioning it in some other 'weeds' thread earlier, but the thought brought back memories of a work-up we did in my sophomore years economics group (ya, 2, tough economic time for me, had to work a lot, little time for classes). We thought an 11%~ rate on a national level would suffice for a sustainable infrastructure and military security (yayayaa, we never thought of a 16 trillion dollar debt as possible...so forgive the low figure). Can anyone suggest and show some flat tax rate viability? The idea is sound IMHO but things have gone way off the scales of 'fail' for any old school rules to work to correct the existing 'fail' without some serious collateral fallout on the poor (ya, sucks to be me, yep, I'm dirt poor, seriously, zero net worth, no income, about $100k+ in dept, unable to work, disabled and getting worse) but sacrifices are always required to bring about change. (yep, toss me under the bus if it helps rebuild the US to it's once proud glory) come on, discuss, show some graphs, pros/cons...give it a good solid 'think' and see what we can learn about the concept.