[ No headline ]

Every day we see further reason for adoption of a flat-rate income tax. Take the case of Roxanne Conlin. She may have jeopardized her chances to become governor of Iowa because of her disclosure that, despite a net worth of over $2 million, she and her husband paid no state income taxes for 1981 and less than $ 3,000 in federal taxes that year. It seems the Conlins used those perfectly legal tax shelters to escape taxation, though publicly Mrs. Conlin has critized such shelters.

The Democratic candidate is no different from thousands of other citizens who believe tax loopholes should be eliminated but who shrewdly take advantage of them as long as the law permits them. But the whole matter would not have arisen if the law disallowed any deductions at all and taxed everyone at the same rate.

Future political aspirants, take note.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK