Steve's barking at a flat tax

If were going to have tax reform, why not have a flat tax. I'm not in favor of this form of taxation, but what the hell, If were going to get goofy and change the system getting rid of tax breaks you and change tax brackets you might as well get rid of them all. Now I understand that not every one understands what I mean by tax break, I guess I can use the expression tax loop holes(that makes it seem more sinister). 
For those who say that this is totally unfair to tax the poor the same as the rich, we already have a flat tax, that taxes the working poor more then the working rich it's called FICA, who us working stiffs know very well.
Now a flat tax would lets say 12.4% plus on all income. Let me repeat that, a flat tax would have to be on all income. We would continue to charge the worker FICA tax on all working stiffs, only this would not stop for the wealthiest workers, they would still have to pay their 7.6% not like the current cut off of $106,000 were they now stop paying 6.2% of their wages and pay only 1.4% toward FICA.
There will be no exceptions to a flat tax. No more capital gains tax because that's income. Their will be no deduction for losses, for houses (who cares if this would hurt the economy and that their will probably be more foreclosures) for money distributed for inheritance (No income is exempt). The taxation would start at the first dollar that is made as FICA is done now.
In this flat tax world businesses would be taxed at 20% just as if they a person just as the supreme court ruled in that famous free speech judgement. 7.6% out of the 20% would go to social security and medicare.
Now this may seem draconian and that the poor, home owners, and investors might be hurt. You have to draw the line some were, and once you start making exceptions, the whole concept of a truly flat tax is thrown out the window.
The flat tax may hurt the economy and limit what the government can do to help certain industries, and individuals, but it's fair and would help with the deficit reduction.