First some facts: The upper 5% of the population pays 75% of all federal revenue, even though they only account for about 25% of the GDP Almost 60% pay no incom

First some facts: The upper 5% of the population pays 75% of all federal revenue, even though they only account for about 25% of the GDP Almost 60% pay no income tax The real US tax rate is already one of the highest in the world The corporate tax is #2 to Japan Now the ramifications are that the US is already seeing a capital flight out of the country and that trend will only pickup until the Tax Code is fixed. We should have a flat tax and a VAT.