What's a "modified" flat tax? I can see different brackets for upper income or elimination of taxes for the first $30,000 or some number on the basis that someone needs some mininmum amount to live on before they should be taxed.
However, anything else will doom the thing. No exceptions for everyone's pet cause like charitable deductions and home mortgage interest. Else you'll end up with the disaster we have now.
The politicians claim the home mortgage interest deduction makes homes more affordable. Seems the prices would drop and they would be more "affordable" without it. It's nothing but non-homeowners subsidizing the homeowners. Don't renters have housing costs too?
I'd like a "modified" government too while you're at it.
I have no problem with raising or eliminating the cap on SS taxes, and I have long favored a means test for recipients. The fiction that SS tax money is set aside for our own account is a lie, and it is merely a vehicle for financing the cost of the system. The best way to hold that cost down is to remove the fiction that it is an entitlement because it is our own money that we are using.
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