To the Editor:
As we start receiving income tax returns, we are all reminded that our income tax system needs to be simple, understandable and fair. The current complex system requires many Americans to hire tax preparers, while giving an advantage to those wealthy enough to hire the most skilled and knowledgeable preparers.
America needs a flat rate income tax, eliminating most current deductions. Such a fair and simple tax would free up the time and money now spent filling out a stack of complicated forms, and would ensure that everyone paid his fair share. These resources could be used by taxpayers for economically sound investments, especially since the tax code would no longer provide incentives for less productive investments.
Congress is now about to begin considering tax reform. Their goal should not be modest reform, but a bold change to scrap the current system and replace it with a flat tax.
Peter J. Thomas
Chairman of Americans for Constitutional Liberty