Why wouldn’t the Flat Tax really work?

Why wouldn’t the flat tax work?  It sounds like a good idea.  If you are at a point in your life where you are trying to get ahead and save some money you don’t have to worry about the government taking your money before you even get it.  If you wanted to invest your money instead of spending it, the incentive would be there to do that.  It would also remove the discussion about tax brackets.

The greatest part of it all is that it would do away with the complicated tax filing system we now use.

So there are plenty of reasons, in theory, to implement a flat tax system.  So why doesn’t it happen?  Are there studies out there that disprove the the flat tax? Do those currently in power have something to lose?

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