Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Regulation and Compliance > Federal Regulation > IRS

What if there was no IRS?

Your article was successfully shared with the contacts you provided.

Imagining the world without the IRS, one might get confused and imagine a world without taxes. No, taxes are not going away any time soon, but what if the IRS and its complicated tax code was replaced by a flat tax. Russia has seen a lot of success with its 13 percent t flat tax rate including economic growth.