Durst: Flat Tax

Alternet.org
April 26, 2000

You'll lose forty pounds, lengthen your penis, and grow hair on the top of your head! It's the flat tax miracle from the GOP, and it's going to fix everything. But will it pull votes out of a hat? The Republicans can only hope. First, Malcom "Steve" Forbes Jr. proposed a 17% flat income tax rate with no deductions, mortgage, charitable, or otherwise. Of course it would only be applied to earned income, and since Forbes' fortune is all inherited, he wouldn't pay a thing. Nice ante up there, rich boy. Who pays? Everybody but Stevie. Now, Phil Gramm has laid out an economic plan with a not so flat rate of 16%. Of course, this is coming from a guy who flunked 3rd, 7th, and 9th grades. Geez guys, even Forrest Gump passed third. Can't wait for Pat Buchanan's most spherical of flat tax plans. Probably end up at 3%, with free ammunition to everybody living in a border state. There are a couple teeny weeny problems here. Some critics think the adoption of a flat tax would cause a 25% drop in the worth of single family homes, but what the hell do the Republicans care; most of their constituents are renters, right?

Report typos and corrections to: feedback@alternet.org.

Should Trump be allowed to hold office again?

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.