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YANKEE: This, like most economic modeling, is an exercise in mental masturbation. All economics "research"produces nothing but THEORIES, not guarantee-able results.
A wise economist said in a WSJ...

[QUOTE=Truth Detector;1343303]How is that criminal underground not able to continue hiding their income under a flat tax?


YANKEE: Criminals may still hide their income, but the 10% tax is far...

YANKEE: I responded under each comment,above.

While this may be obvious, some continue to undermine their own credibility by making ad hominem attacks and insults in an attempt to influence impressionable readers.

These tactics expose the...

Your thought process (or merely your false argument style) confuses me.

You seem confused. A CRIMINAL underground exists to make $ by conducting illegal activities. In addition some LEGAL...

I am sorry my writing skills are not as good as my math skills but I can usually explain myself on complex matters.

I am confident that Readers have noticed that, besides the fact that all you...

Tax DEFERRALS are NOT the same thing as EXEMPTIONS,CREDITS, or DEDUCTIONS. They are POSTPONEMENTS of IT not permanent forgiveness.

To add to my earlier comment. You exaggerate foolishly Romney made $20MM (not $200MM). Again, he paid that year $3MM in fed IT, $1MM in MA IT and $3MM in charitable contributions.

Comrade, go...

You cry out about 26 companies not paying US tax. Yes, there are some that take advantage of every (LEGAL) loophole and they should not be pilloried from doing what is LEGAL - what we need to do...

I merely spent hundreds of hours of studied the FT statute, read a few books, read several economics Papers, consulted with others, thought through the practical implications and...

Can you write in complete sentences?

"NOPE" - What????

Are you offering the idiotic claim that the country "ran better" BECAUSE Income Taxes on the wealth were much higher? If so, your mind is...

I did not major in Psychology and so I am not qualified to diagnose your emotional issues that cause you to express yourself so poorly. Of course we need money to pay the military (and very little...

Come back when you learn to write like an adult and perhaps then you might be ble to make an intelligent coherent statement.

You exhibit a disheartening view of American education that produces people who cannot think for themselves. I don't blame you for not being a financial/tax expert, but certainly you should be able...

NOT EXACTLY. Corporations WOULD NOT pay FT.

Mitt Romney paid 18% of his TAXABLE INCOME - only DEMS and unsophisticated people would ever calculate a tax rate by dividing the tax paid by GROSS...

Yourdisjointed rant is not relevant to what I wrote. No, I am not OK with corporate welfare. Expansion of of the defense industry has nothing to do with the tax system. What in the world dos Bush...

I will defend to the death your freedom and right to give the poor as much of YOUR OWN MONEY as you chose.

I will defend to the death my right to keep you from stealing MY MONEY to the poor person...

The author's major point is the coomn FT myth that the underground economy will now be taxed, as if that underground economy will magically now become legal. That economy will remain underground and...

The author continues the FT FRAUD. He is telling you that the FT is a 23% sales tax.

He want you to think that is something costs $100 BEFORE adding FT that the FT you would add is "only" $23 -...

the FT's Karl Marx uses steroids. See my new post to see exactly how the FT makes sure that the poor receive a new large WELFARE check.

The author claims that the FT takes care of the poor via the Prebate. They usually tell us that the Prebate make sure that the poor pay no FT - as if we all agree that the poor should NOT have to...

I am a retired tax lawyer/CPA, with no financial benefit from ANY tax system. For supporting details call 423-532-7337.

FT is Karl Marx on steroids AND a Bernie Madoff financial scam.

The FT...