Your not gonna like this:

[fabsroman]

The whole flat tax thing will never work
just because it would be hard on the poor, along with a million other issues. Currently, I think a married couple with 2 kids can make $40,000 without paying a dollar in tax. The tax code will never be simple again, which is nuts in itself.

By the way, a flat tax on income wouldn't be regressive. However, a sales tax is regressive because the poor usually have to spend all their money to survive, whereas the rick do not. The current estate and gift tax we have is a progressive tax because it only taxes the rich. Personally, I'm all for a flat tax. Everybody pays their share, period. No ifs ands or buts, regardless of whether you are rich or poor.

The reason I came back to this thread is because of this article:

http://finance.yahoo.com/focus-retir...nt-preparation

It seems as though social security will be in the hole by $7 trillion by 2017 and medicare will also be in the hole by $34 trillion. That is utterly nuts.