Ronald Reagan was a great President. Unfortunately, one of his best accomplishments, while in the White House, went virtually unknown. He commissioned a report to find out what the IRS was doing with our tax dollars. The findings were listed in the Grace Commission Report. The report states that our tax dollars never make it to the federal government as we have been lead to believe. The tax dollars go to the overhead of the IRS, some is wasted, and the majority goes to pay the interest on the money borrowed from the private Federal Reserve. In other words, we work 3-5 months out of the year to pay interest on money created from thin air by a private bank.
As far as the Flat Tax proposal goes, why do we need to add more burden to the States if none of the money funds our National government?
I know your next question. If our government is not funded by our taxes, then how do they pay their expenses? Each time the Federal government borrows money from the private Federal Reserve Bank, the dollar becomes worth less. Prices are not going up, the dollar is going down. You have to work more hours, retire later, and keep less of your money to fund the out of control government spending. The dollar today is worth only 2 cents compared to its 1913 value when the Federal Reserve was created. Yes, you are essentially paying a 98% tax on your labor, before you pay federal income tax. When I am elected your Congressman, I will make sure everyone is aware of this fraud and I will use my knowledge of Austrian Economics to create an intrinsic value monetary policy and a fair taxation plan to present to America.