Is it time for a flat tax and a massive downsizing of the IRS?

Politics and Government Politics and Government

Mon, May 11, 2009

[ Mon, May 11th 2009 ] - Market Wire

Bebida Beverage Company: Bebida Racing Experience "CONTEST WINNERS"

[ Mon, May 11th 2009 ] - Market Wire

BIOREM announces strong first quarter revenues

Fri, May 8, 2009

[ Fri, May 08th 2009 ] - Market Wire

Rancho Santa Monica Developments Inc.: RSDV Has R .. tHost.com Shareholders and Appoints New Directors

[ Fri, May 08th 2009 ] - Market Wire

Cancer Therapeutics, Inc.: Cancer Therapeutics, I .. Launches New Web Site -- www.cancer-therapeutics.

[ Fri, May 08th 2009 ] - Market Wire

Sunrise Consulting Group, Inc.: Sunrise Consultin .. orward in the Solar Business Without Doing a Rest

[ Fri, May 08th 2009 ] - Market Wire

NTS Realty Holdings Limited Partnership: NTS Real .. ip Announces It Intends to File Its Quarterly Rep

[ Fri, May 08th 2009 ] - Market Wire

Cagim Real Estate Corporation: Cagim Closes a $1,000,000 Financing

[ Fri, May 08th 2009 ] - Market Wire

Consolidated Edison Company of New York, Inc.: Co .. iles New 3-Year Electric Rate Plan for April 2010

[ Fri, May 08th 2009 ] - Market Wire

Richards Packaging Income Fund Announces 2009 First Quarter Results

[ Fri, May 08th 2009 ] - Market Wire

AireSurf Networks Holdings Inc.: AireSurf Provide Default Status Update

[ Fri, May 08th 2009 ] - Market Wire

FNB Bancorp: FNB Bancorp Declares Preferred Stock Dividend Payable on May 15, 2009

[ Fri, May 08th 2009 ] - Market Wire

Arianne Resources Inc.: Arianne Proposes a Share Consolidation to its Shareholders

[ Fri, May 08th 2009 ] - Market Wire

OptiCon Systems, Inc. : OptiCon (OPCN) Continues .. Into the South African Telecommunications Market

[ Fri, May 08th 2009 ] - Market Wire

Optimal Group Inc.: Optimal Group Announces First Quarter 2009 Results

[ Fri, May 08th 2009 ] - Market Wire

Pennichuck Corporation: Pennichuck Corporation Announces First Quarter 2009 Results

[ Fri, May 08th 2009 ] - Market Wire

Cisco: Case Western Reserve University to Turn Campus Facilities Into Smart Buildings

[ Fri, May 08th 2009 ] - Market Wire

ML Macadamia Orchards, L. P.: ML Macadamia Orchar .. L.P. Reports Improved First Quarter 2009 Earnings

[ Fri, May 08th 2009 ] - Market Wire

Cobalis Corp.: Cobalis Corp. (CLSC) Launches Pate .. evention Product PreHistin(R) for Worldwide Sales

[ Fri, May 08th 2009 ] - Market Wire

Capella Resources Ltd.: Capella Announces Investor Relations Option Grant

[ Fri, May 08th 2009 ] - Market Wire

Cape Bancorp, Inc.: Cape Bancorp, Inc. Reports First Quarter 2009 Results

[ Fri, May 08th 2009 ] - Market Wire

Toxin Alert Inc.: Toxin Alert Inc. Announces Private Placement of Shares

[ Fri, May 08th 2009 ] - Market Wire

Edwards Lifesciences: Edwards Lifesciences Receives FDA Approval for New Heart Valve

[ Fri, May 08th 2009 ] - Market Wire

NewMarket Technology, Inc.: NewMarket Technology, .. al Report, Small Business Regulatory Reform, OTCQ

[ Fri, May 08th 2009 ] - Market Wire

Overhill Farms, Inc.: Overhill Farms Reports Reve .. n, Net Income of $1.8 Million, for Second Quarter

[ Fri, May 08th 2009 ] - Market Wire

San Diego Gas & Electric: SDG&E, Southern Califor .. Reach 30-Percent Milestone in Diversity Spending

[ Fri, May 08th 2009 ] - Market Wire

CorpBanca: CorpBanca Announces Conference Call and First Quarter 2009 Financial Results

[ Fri, May 08th 2009 ] - Market Wire

Phonetime to host first quarter conference call Tuesday, May 19, 2009 at 11:00 A.M. (ET)

[ Fri, May 08th 2009 ] - Market Wire

Global Diversified Investment Grade Income Trust .. Credit Event in respect of Syncora Guarantee Inc.

[ Fri, May 08th 2009 ] - Market Wire

Run Of River Power Announces Appointment of Jacob &; Company Securities Inc.

[ Fri, May 08th 2009 ] - Market Wire

FORTIS: Fortis holding announces strengthened Cor .. ernance model and composition of Board Committees

[ Fri, May 08th 2009 ] - Market Wire

Nortel: Nortel to Publish Its First Quarter 2009 Results on May 11th, 2009

[ Fri, May 08th 2009 ] - Market Wire

Annual Meeting of Shareholders - Lassonde Industries inc.

[ Fri, May 08th 2009 ] - Market Wire

Chubb Group of Insurance Companies: Chubb Takes A .. to Help Protect Homes From Santa Barbara Wildfire

[ Fri, May 08th 2009 ] - Market Wire

Ivernia Inc.: Ivernia Completes Previously Announced Refinancing

[ Fri, May 08th 2009 ] - Market Wire

ART Advanced Research Technologies Inc.: ART Adva .. nounces First Quarter 2009 Financial Results Conf

[ Fri, May 08th 2009 ] - Market Wire

Heathrow Natural Food & Beverage, Inc. : Heathrow .. -Schedules National Radio Interview to 7-8 PM May

[ Fri, May 08th 2009 ] - Market Wire

Sage : Sage and Citrix Online Introduce GoToAssis .. vate Customer Service Across Sage Partner Network

[ Fri, May 08th 2009 ] - Market Wire

Pinetree Capital Ltd.: Pinetree Capital Ltd. Acquires Securities of Santa Fe Metals Corp.

[ Fri, May 08th 2009 ] - Market Wire

Pinetree Capital Ltd.: Pinetree Capital Ltd. Acqu .. Securities of Continental Precious Minerals Inc.

[ Fri, May 08th 2009 ] - Market Wire

Pinetree Capital Ltd.: Pinetree Capital Ltd. Acquires Securities of Avion Resources Corp.

[ Fri, May 08th 2009 ] - Market Wire

Pinetree Capital Ltd.: Pinetree Capital Ltd. Acquires Securities of AMI Resources Inc.

[ Fri, May 08th 2009 ] - Market Wire

Roctest reports an increase of its sales and net profit for first quarter 2009

[ Fri, May 08th 2009 ] - Market Wire

Medical Facilities Corporation to Host 2009 Annual Meeting of Shareholders

[ Fri, May 08th 2009 ] - Market Wire

Logibec Groupe Informatique Ltd.: Logibec Groupe .. Growth in Earnings and Appointment of a Director

[ Fri, May 08th 2009 ] - Market Wire

DiagnoCure announces completion of investment of US$5 million by Gen&;#8208;Probe Incorporated

[ Fri, May 08th 2009 ] - Market Wire

Terra Nova Financial Group, Inc.: Terra Nova Fina .. nounces New York Stock Exchange (NYSE) Membership

[ Fri, May 08th 2009 ] - Market Wire

Central Vermont Public Service: Central Vermont Reports First Quarter Earnings

[ Fri, May 08th 2009 ] - Market Wire

Marketing Concepts International: Marketing Conce .. Increased Revenue Projections for New Client, Red

[ Fri, May 08th 2009 ] - Market Wire

AMI Research: AMI Research Provides Q1 2009 Stock Valuation Report on NeoGenomics, Inc.

[ Fri, May 08th 2009 ] - Market Wire

Sanswire: Sanswire-TAO Begins Engine and Propulsion Testing for STS-111 Airship

[ Fri, May 08th 2009 ] - Market Wire

Pine Ridge Holdings, Inc.: Pine Ridge Holdings/Mi .. ng With Casting Exec Attached to "Fish"

[ Fri, May 08th 2009 ] - Market Wire

Heathrow Natural Food & Beverage, Inc. : Heat .. g Gum to Be Distributed in the United Kingdom &am

[ Fri, May 08th 2009 ] - Market Wire

Riverbed Technology: Riverbed to Showcase Award-W .. formance Solutions at Microsoft Tech·Ed 2009

[ Fri, May 08th 2009 ] - Market Wire

Hop-on, Inc.: Hop-on Negotiates With US Indian Tribal Casinos for Live Streaming Gambling

[ Fri, May 08th 2009 ] - Market Wire

Chembio Diagnostics, Inc.: Chembio Reports First Quarter 2009 Results

[ Fri, May 08th 2009 ] - Market Wire

China Aoxing Pharmaceutical Co., Inc.: China Aoxi .. Present at Two Institutional Conferences in the U

[ Fri, May 08th 2009 ] - Market Wire

Cisco: Cisco Hosts Industry Discussion on Data Center for Service Providers

[ Fri, May 08th 2009 ] - Market Wire

Omniture, Inc.: Omniture Appoints Ron Belanger as Vice President of Worldwide Agency Sales

[ Fri, May 08th 2009 ] - Market Wire

Hooper Holmes: Hooper Holmes Announces First Quarter 2009 Results

[ Fri, May 08th 2009 ] - Market Wire

MineCore International, Inc.: MineCore Chairman Issues Comprehensive Annual Update to Shareholders

[ Fri, May 08th 2009 ] - Market Wire

InnVest REIT reports first quarter results

[ Fri, May 08th 2009 ] - Market Wire

Nightingale amends debt financing agreements, issues shares and cancels warrants

[ Fri, May 08th 2009 ] - Market Wire

El Paso Pipeline Partners: El Paso Pipeline Partn .. s Reports Sharp Increase in First Quarter Results

[ Fri, May 08th 2009 ] - Market Wire

El Paso Corporation: El Paso Corporation Reports .. rcent Increase in Adjusted First Quarter Earnings

[ Fri, May 08th 2009 ] - Market Wire

MethylGene Inc.: MethylGene Reports First Quarter 2009 Financial Results

[ Fri, May 08th 2009 ] - Market Wire

Universal Detection Technology: Universal Detecti .. e US Department of Commerce to Market Its Anthrax

[ Fri, May 08th 2009 ] - Market Wire

Vantage Drilling Company: Vantage Drilling Company Reports First Quarter 2009 Results

[ Fri, May 08th 2009 ] - Market Wire

Westar Energy: Westar Energy Announces $500 Milli .. Capital Spending Plans and Releases First Quarte

[ Fri, May 08th 2009 ] - Market Wire

EV Innovations, Inc.: EV Innovations, Inc. (OTCBB .. Media Campaign With Over 30,700 Television Spots

[ Fri, May 08th 2009 ] - Market Wire

MoneyTV; Positron Corporation; OriginOil, Inc.; X .. nc.: MoneyTV with Donald Baillargeon, Week of 5/8

[ Fri, May 08th 2009 ] - Market Wire

Crystal Properties Holdings, Inc. : Crystal Prope .. es the Expansion Into the Midwest for Undervalued

Thu, May 7, 2009

[ Thu, May 07th 2009 ] - Market Wire

ZCL Composites Reports First Quarter 2009 Financial Results

[ Thu, May 07th 2009 ] - Market Wire

Supertel Hospitality, Inc.: Supertel Hospitality Reports 2009 First Quarter Results

[ Thu, May 07th 2009 ] - Market Wire

Idaho Bancorp: Idaho Bancorp Announces New Chairman

[ Thu, May 07th 2009 ] - Market Wire

Powertech Uranium Corp.: Powertech to Submit Updated Technical Reports

[ Thu, May 07th 2009 ] - Market Wire

D & E Communications, Inc.: D&E Communications Reports First Quarter 2009 Results

[ Thu, May 07th 2009 ] - Market Wire

Morguard Corporation Announces 2009 First Quarter Results

[ Thu, May 07th 2009 ] - Market Wire

ProMetic Life Sciences Inc.: ProMetic Reports Hig .. of Its Annual and Special Meeting of Shareholders

[ Thu, May 07th 2009 ] - Market Wire

Doral Financial Corporation: Doral Financial Corp .. esults for the First Quarter Ended March 31, 2009

[ Thu, May 07th 2009 ] - Market Wire

Algonquin Power Income Fund Announces 2009 First Quarter Financial Results

[ Thu, May 07th 2009 ] - Market Wire

U-Store-It Trust: U-Store-It Trust Reports 4.2% I .. the Three Months Ended March 31, 2009 and Affirms

[ Thu, May 07th 2009 ] - Market Wire

Breakwater Resources Ltd.: Breakwater Resources L .. irst Quarter 2009 Financial and Operating Results

[ Thu, May 07th 2009 ] - Market Wire

North Atlantic Resources Ltd.: North Atlantic Iss .. Statements and MDA for the First Quarter of 2009

[ Thu, May 07th 2009 ] - Market Wire

Melcor Developments Ltd., (TSX:MRD) Releases First Quarter Results

[ Thu, May 07th 2009 ] - Market Wire

Espial Reports 2009 First Quarter Results

[ Thu, May 07th 2009 ] - Market Wire

Facet Biotech Corporation: Facet Biotech Announce .. f America and Merrill Lynch 2009 Health Care Conf

[ Thu, May 07th 2009 ] - Market Wire

eGain Communications Corp.: eGain Announces Finan .. for the Third Fiscal Quarter Ended March 31, 2009

[ Thu, May 07th 2009 ] - Market Wire

Sun-Rype reports Q1 2009 financial results

[ Thu, May 07th 2009 ] - Market Wire

Cyberplex Announces Record First Quarter Results

[ Thu, May 07th 2009 ] - Market Wire

Nashua Corporation: Nashua Reports First Quarter 2009 Results

[ Thu, May 07th 2009 ] - Market Wire

Zaio Corporation - Delay in filing financial statements

[ Thu, May 07th 2009 ] - Market Wire

F3 Technologies, Inc. : F3 Technologies Installs .. nity System in 2,000-Unit Home Owners Association

[ Thu, May 07th 2009 ] - Market Wire

ActivIdentity: ActivIdentity Reports Second Quarter Fiscal 2009 Financial Results

[ Thu, May 07th 2009 ] - Market Wire

Evolving Systems: Evolving Systems Reports 2009 First Quarter Results

[ Thu, May 07th 2009 ] - Market Wire

MediSolution Ltd. and Brookfield Asset Management .. lution Ltd. Going Private Transaction Is Approved

[ Thu, May 07th 2009 ] - Market Wire

Veramark Technologies, Inc.: Veramark Reports First Quarter 2009 Results

[ Thu, May 07th 2009 ] - Market Wire

Allied Energy, Inc.: Allied Energy Provides an Up .. e for Its Hutchinson #1 Project in Southeast Ohio

[ Thu, May 07th 2009 ] - Market Wire

Parlay Entertainment Inc.: Parlay Entertainment A .. ing Arrangement With Entraction Operation Limited

[ Thu, May 07th 2009 ] - Market Wire

Manitou Capital Corporation: Manitou Capital Corp .. of Its Common Shares From the TSX Venture Exchang

[ Thu, May 07th 2009 ] - Market Wire

Great Panther Resources Limited: Great Panther Develops Gold Rich Vein at Topia Mine

[ Thu, May 07th 2009 ] - Market Wire

Coates International, Ltd.: Coates Receives More Than $4,000,000 USD From Well to Wire Energy Inc.

[ Thu, May 07th 2009 ] - Market Wire

Perceptron, Inc.: Perceptron Announces Conference .. st for Third Quarter Results for Fiscal Year 2009

[ Thu, May 07th 2009 ] - Market Wire

Panasonic: Panasonic Announces New Pricing on 103-Inch Full HD Plasma Display

[ Thu, May 07th 2009 ] - Market Wire

Van der Moolen Holding N.V.: Van der Moolen publi .. neral Meeting of Shareholders and announces the n

[ Thu, May 07th 2009 ] - Market Wire

THOMSON: Thomson Announces the Filing with the SE .. he Form 20-F for the Year Ended December 31, 2008

[ Thu, May 07th 2009 ] - Market Wire

Gold Canyon Resources Inc.: Gold Canyon Obtains O .. on to Evaluate and Lease Iron Mountain IOCG+/-REE

[ Thu, May 07th 2009 ] - Market Wire

iGo: Recycle. Reduce. Recharge! iGo(R) Launches t .. stry's First Recycling Program Aimed for Chargers

[ Thu, May 07th 2009 ] - Market Wire

Prime Rate Plus Corp.: Prime Rate Plus Corp.: Begins Trading Under New Symbol

[ Thu, May 07th 2009 ] - Market Wire

Wi-LAN Inc.: Wi-LAN Completes Series of Patent Acquisitions

[ Thu, May 07th 2009 ] - Market Wire

Wi-LAN Inc.: Wi-LAN and Infineon Settle Patent Litigation

Wed, May 6, 2009

[ Wed, May 06th 2009 ] - Market Wire

Xcite Energy Ltd: Xcite Energy Limited ("Xci .. e "Company") Director/PDMR Shareholding

[ Wed, May 06th 2009 ] - Market Wire

Analysts International Corporation: Analysts Inte .. tion Reports First Quarter 2009 Financial Results

[ Wed, May 06th 2009 ] - Market Wire

Alexco Resource Corp.: Alexco Announces Interim U .. no Mine, Keno Hill Silver District: Assay Results

Fri, May 1, 2009

[ Fri, May 01st 2009 ] - Market Wire

APC Group, Inc.: APC Group, Inc. 1st Quarter 2009 .. 78%, Following 4th Quarter 2008 Increases of 176%

[ Fri, May 01st 2009 ] - Market Wire

IGM Financial Inc.: IGM Financial Inc. Announces .. tual Fund Sales and Total Assets Under Management

[ Fri, May 01st 2009 ] - Market Wire

Canfor Corporation: Canfor Announces Mackenzie Mill Restart

[ Fri, May 01st 2009 ] - Market Wire

Escalade, Inc.: Escalade, Inc. Signs New Loan Agreement With JP Morgan Chase

Thu, April 23, 2009

[ Thu, Apr 23rd 2009 ] - Nathan Burkes

Is it time for a flat tax and a massive downsizing of the IRS?

Is it time for a flat tax and a massive downsizing of the IRS?

^{Published on 2009-04-23 10:40:36 - Nathan Burkes}

Flat income tax across the board
No deductions for anything
Fair regardless of living or working situation

So, when Geitner, the guy that runs the IRS cannot do his own taxes properly, maybe it's time to purge a bloated and costly system that favors social classes. Does it not seem time to just scrap the massive tax code, eliminate all the loop holes that so many abuse, and just set a flat income tax?

I've talked to dozens of people regarding such a change and not a one, not even the CPAs I know, think that this is a bad idea. So why doesn't our government make the change? Can you imagine the staff reduction that would occur in the IRS itself? That equates to massive governement savings. Then, consider the money that would no longer be lost through loop holes, etc.

If Obama and Geitner want to do the right thing, one of those "things" is to correct an outdated and convoluted system for something that is downright basic. A flat tax for all income, no deductions, and viola, fairness.

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