Tax Guru – Ker$tetter Letter

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Posted by taxguru on April 8, 2002

Replacing the Income Tax?

For obvious reasons, stories about replacing the income tax system with a consumption or sales tax are prevalent this time of year. Here’s a good one from Bruce Bartlett.

It may surprise some newcomers that I, who have made a very lucrative career out of playing the tax game, believe that it is far beyond repair and should be completely killed. A national sales tax would be the least repulsive alternative.

A flat tax, the other main alternative being promoted, would make almost no difference because there would still be millions of pages of code describing how to arrive at the taxable income amounts.

KMK

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