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Flat Tax Revolution

Thursday September 2005


Steve Forbes President & CEO of Forbes Inc. & Editor-in-Chief, Forbes

There isn’t a human being alive who knows what’s contained in the federal tax code. To put it in perspective: Abraham Lincoln’s Gettysburg Address, which defined the American nation, is 272 words in length. Our Declaration of Independence is some 1,300 words. The Bible, which spans several thousand years of human history, is 773,000 words. But the federal tax code, with all of its attendant rules and regulations, is 9 million words and rising.

The American Revolution was all about taxes. Now, says Steve Forbes, it’s time for another revolution, a flat tax revolution to cut our tax rates, to spur economic growth, and to put the IRS as we know it out of business.