Taxes, Fred Style

I’m back home now after about 24 hours near Detroit for my wife’s 20-year high school reunion, and one of the first things I read when I returned after a self-imposed day in news exile was that Fred Thompson would give us a choice as far as paying taxes goes.

When it comes to taxes and the IRS, usually these “choices” are simply deciding if you’d rather be shot, or hanged. Is Fred’s plan any different?

WASHINGTON — Republican presidential hopeful Fred Thompson proposed an income tax plan Sunday that would allow Americans to choose a simplified system with only two rates: 10 percent and 25 percent.

Ooh, that’s easy: I’ll take the 10 percent one.

Unfortunately it’s not that simple, but it’s a starting point for some good old “flat tax/fair tax” debate. Here are more details of what Thompson has in mind.

Author: Doug Powers

Doug Powers is a writer, editor and commentator covering news of the day from a conservative viewpoint with an occasional shot of irreverence and a chaser of snark. Townhall Media writer/editor. alum. Bowling novice. Long-suffering Detroit Lions fan. Contact: