Many people would like you to believe that flat tax is so named because it will flatten your finances. That at the least is the intended conclusion. By eliminating personal deductions like mortgagee interest payments, the study claims, the flat tax would reduce housing values in this country by upwards of 10 percent. The study"s methodology is shaky at best, and the jury on housing values is still o ut. Despite the forces allied against the flat tax, tax reform has grown steadily because the current tax system is so unpopular and the alternatives promise so much. But in addition...
$150 billion to $300 billion annually to operate. The flat tax, by contrast, would cost about 1/5th as much once fully phased in. These cost savings are equivalent to more than a $100 bil lion tax cut for the American people.

No tax system is perfect, and no tax reform proposal is without flaws. In the end, the flat tax"s greatest strength is that it would remove the current tax system"s depressing effect on the economy. This over time, could make up for all the problems me ntioned above. But before it can pass the problems must be addressed.