April 15, 2010

It's federal tax filing day for everybody but 48% of filers will pay no taxes. Also, the top 40% of income earners will pay 86% of all federal income taxes.  With current enormous federal deficits morphing into catestrophic federal deficits in the coming years, it is time for a major overhaul of the Federal Tax Code.  A flat tax with few deductions would be a good place to start.