Lawyer Proposes New Simplified Tax Code

In a recent interview, a middle class legal advocate and tax strategist explained his proposed solution to tax reform dilemmas that see bills passed in the House but stopped in the Senate. He claims the new tax system can improve not just taxes, but change the way politicians run for office.

Mount Jackson, VA (PRWEB) August 16, 2007 -- According to Mitchell Roth, lawyer and author of "Tax Back America: How You Can Lower Your Taxes and Pay off the National Debt," the convoluted tax laws of The United States may actually prevent the president from raising enough taxes to protect subsequent generations from the burden of this generation's debts.

Roth is well acquainted with the current loopholes and legal convolutions of the current IRS codes. In a recent interview Jay Aaron of Inside Wealth Success, Roth explained that tax revenue comes disproportionately from America's middle class. A raise in taxes hurts these people the most and rarely does more than cover the cost of the government and leaves little for natural disaster relief, improving bridges and war.

Tax reform is a hot topic in Washington, where nearly every year since 1998 the U.S. House has passed a bill that would sunset (end) the current tax code in order to force the development of something better. This proposal has yet to pass the more cautious Senate. As for what might replace the current tax code, numerous suggestions have been floated, including a flat tax, a tax on consumption and more recently, Roth's "Wealth Tax".

Roth claims he became an advocate for the middle class while he was practicing law and helping to protect the hard won assets of middle class clients. He found the taxation system to be fixed in favor of the wealthy at the expense of the middle class. It started to bother him over the years, and he felt he had to take a proactive approach to the problem.

While the 2% Wealth Tax proposed by Roth is painfully simple compared to current tax code, there are definitions of wealth to set, questions of international trade and other concerns which Roth puts forward in his book "Tax Back America," to encourage intelligent discussion. Clearly evident in the proposed tax system is Roth's desire to protect the middle class, which he calls the 'backbone' of America.

The proposed Wealth Tax plan would eliminate all taxes except taxes on wealth and inheritance. All individuals and corporations would be taxed 2% annually on the wealth that they control. This new plan, Roth believes, would benefit society in five areas: fairness, meritocracy, morality, reduce government costs and assure better policy decisions.

"It is not fair that families are paying more of their income in income tax than large corporations. It is a matter of wealth that matters, not income," says Mitchell Roth. "The wealthy manage to control their wealth to manage income. In essence the wealthy should be paying the same percentage of their wealth as we do."

Roth's fair tax premise would mean that approximately 99% of Americans would spend less on taxes than they do currently, not to mention saving the US Government some expensive IRS manpower.

Roth's full interview is available on Inside Success Radio, the most talked about internet talk show, earning its reputation for quality interviews with the best-known experts of many fields. Each interview provides practical tips, strategies, and secrets direct from the masters.

To listen to Roth's interview with Jay Aaron on Inside Success Radio, visit http://www.insidesuccessradio.com/Guests/Mitchell-Roth

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Debbie Wolf
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