http://unrepentantindividual.com/2005/10/19/presidents-tax-panel/ ...the only me I know Thu, 02 Jul 2009 21:38:11 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://unrepentantindividual.com/2005/10/19/presidents-tax-panel/comment-page-1/#comment-2885 How to Ease Transition Costs? :: The Fair Tax Blog Mon, 21 Nov 2005 20:03:42 +0000 http://unrepentantindividual.com/2005/10/19/presidents-tax-panel/#comment-2885 [...] We have an enormous, unmanageable tax code. It’s got so many loopholes and pitfalls built into it that an average person just can’t comply. What is important, however, is just how much of our current market and pricing system is built around all those loopholes and pitfalls. The immediate visceral reaction to the President’s Tax Reform Panel illustrates my point. We all want a fairer, simpler income tax. But any time you try to close a loophole, you get a huge cry from the beneficiaries of that loophole. The Tax Panel wants to make some major changes which will affect millions of taxpayers, and which might be positive changes, when considered on their own merits. But the immediate transition will be ugly. [...] [...] We have an enormous, unmanageable tax code. It’s got so many loopholes and pitfalls built into it that an average person just can’t comply. What is important, however, is just how much of our current market and pricing system is built around all those loopholes and pitfalls. The immediate visceral reaction to the President’s Tax Reform Panel illustrates my point. We all want a fairer, simpler income tax. But any time you try to close a loophole, you get a huge cry from the beneficiaries of that loophole. The Tax Panel wants to make some major changes which will affect millions of taxpayers, and which might be positive changes, when considered on their own merits. But the immediate transition will be ugly. [...]

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