Today, April 18, 2011, is the federal income tax filing deadline for 2011. Sad to say, there is no simple postcard-size flat tax in our immediate future. A flat tax is not in the cards anytime soon in North America or old Europe.
Elsewhere the flat tax thrives. The IMF uses every tool at its disposal to persuade countries to abandon the flat tax to close budget deficits or improve their definition of fairness. These entreaties continue to be rejected. Commentators who smell any weakening of commitment to the flat tax are quick to rush into print, wrongly in every case, to proclaim the beginning of the movement to dismantle the flat tax.
I hope to report this year new entrants into the flat tax club. Stay tuned!
Elsewhere the flat tax thrives. The IMF uses every tool at its disposal to persuade countries to abandon the flat tax to close budget deficits or improve their definition of fairness. These entreaties continue to be rejected. Commentators who smell any weakening of commitment to the flat tax are quick to rush into print, wrongly in every case, to proclaim the beginning of the movement to dismantle the flat tax.
I hope to report this year new entrants into the flat tax club. Stay tuned!
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