Subject: TAX SIMPLIFICATION:FLAT TAX Comment: THE SIMPLEST, FAIREST, LEAST LIKELY TAX TO BE CHEATED UPON IS THE 'true' FLAT TAX WHERE THE ONY TWO SUPPOSITIONS WE START WITH ARE THAT: A)WE MUST RAISE REVENUE AND B) WE MUST ALLOW FAMILIES A MINIMUM SUBSISTENCE. WITH THIS IN MIND, I SIMPLY PROPOSE THAT THE INCOME TAX RECOGNIZES BOTH OF THESE SUPPOSITIONS AND ALLOWS NO DEDUCTIONS OR CREDITS FOR ANYTHING, NO MATTER HOW ECONOMICALLY, POLITICALLY, SOCIALLY, CULTURALLY, OR RELIGIOUSLY BENEFICIAL THEY MAY BE; THEREBY ALLOWING US TO USE THE LOWEST POSSIBE RATE FOR EVEYONE...AFTER MAKING SURE THAT THOSE WHO FALL BELOW A CERTAIN AGREED UPON MINIMUM PER FAMILY SIZE HAVE NO TAXES WHATSOEVER WITHELD FROM THEIR CHECKS. A MORE CONTROVERSIAL ASPECT OF THIS PROPOSAL MIGHT BE THAT WE RECOGNIZE A SORT OF 5TH AMENDMENDMENT RIGHT AGAINST SELF INCRIMINATION IN THE 1040 THAT SIMPLY STATED SAYS TAT IF YOU HAVE ILL-GOTTEN GAINS AND DECLARE THEM, NO POLICE AGENCY WILL HAVE ACCESS TO THE RETURNS AND THEY WILL BE TAXED AT THE LOW RATES. OBVIOUSLY, IF YOU FAIL TO DECLARE, THEY WILL BE SUBJECT TO 100% CONFISCATION. SINCERELY,SIMPLY,&FAIRLY YOURS, DAVID L. COLE |