As a businessman, I too appreciated Mitt's business experience, and thought that it added to his Executive experience level. What turned me off to him was his rather "liberal" definition of "raising taxes" while he was Governor of Mass., and the fact that he knew he couldn't go head-to-head with Mike on accomplishments AS Governor, so he sent his attack dogs (Moore and the Club for Growth) to smear him. That's BS Libtard tactics IMNSHO, and has no place in the GOP.
I'll try to find the time to work on a new thread dedicated to the Flat Tax v FairTax over the next couple of days. It's rather complex but the basics are these;
Flat tax = same system we have today, only instead of different tax rates based on income level, everyone pays a "flat" percentage of their earnings to the IRS.
Good side, "levels the playing field".
Bad side, does nothing about the "underground economy", and we still have the IRS.
FairTax = Guts the IRS, eleminates the collection arm of the IRS and replaces it all with a consumption tax.
Good side, we decide what we'll give to the government by what we decide to purchase. It eliminates the underground economy because taxes are no longer tied to wages, only to purchases. Eliminates taxes on the "basic necessities of life" through the Prebate.
Bad side, we still have the IRS (although not as it exists today).
