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Economic News, Data and Analysis

Slemrod on Right-wing Tax books

Joel Slemrod reads the Forbes Flat Tax Book and the Boortz/Linder “fair” tax book.
He doesn’t like them…
“Tax reform deserves objective analysis of the sort these books do not provide.”

‘The Fairtax Book’ and ‘Flat Tax Revolution’: 1040EZ — Really, Really EZ – New York Times
‘The Fairtax Book’ and ‘Flat Tax Revolution’: 1040EZ — Really, Really EZ
By Joel Slemrod
Published: November 13, 2005
Almost everyone agrees that our tax system could be a lot better – simpler, fairer and less of a drag on the economy. However, opinions about how to fix it vary widely. Earlier this month, a bipartisan reform panel created by President Bush presented two reform options that straddle the standard liberal and conservative positions. While the headlines focused on the reduction or elimination of popular breaks like the mortgage interest deduction, the report also suggested fundamental changes in how business and capital income are to be taxed.
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Viktor Koen
THE FAIRTAX BOOK
Saying Goodbye to the Income Tax and the IRS.
By Neal Boortz and John Linder.
Illustrated. 188 pp. Regan Books. $24.95.
FLAT TAX REVOLUTION
Using a Postcard to Abolish the IRS.
By Steve Forbes.
Illustrated. 216 pp. Regnery Publishing. $24.95.
Related
First Chapter: ‘The Fair Tax Book’ (November 13, 2005)
First Chapter: ‘Flat Tax Revolution’ (November 13, 2005)
Readers
Forum: Book News and Reviews
These two new books, both coming from the right, suggest that merely reforming the current system is too timid. The correct policy medicine, the authors say, is to junk the income tax entirely and replace it with a consumption tax with a single tax rate for all Americans.
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Filed under: Economics

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