Where is our flat tax?

[hoosier]

Originally posted by AGDee
As a head of household with tons of mortgage interest and deductions for child care, I wouldn't benefit from a flat tax.

As for the plan hoosier proposes, I don't see how they would keep track of that. Would you receive a check for (using the example) $460 each month? How would that be processed?


Dee

The govt. currently sends out millions of checks (Social Sec., etc.) every month, so an addl. bunch of $460 checks wouldn't be a problem. Or maybe you just get an ATM-type card, and the $460 is put into your account electronicly monthly.

While you would lose the interest deduction and child care, you might save an equal or better amount on your next house (it would sell cheaper, since the lumber, appliances, etc. are not taxed). You lose your child care credit, but you save every place else, long after your kids grow up.