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You've just described a flat tax rate. http://en.wikipedia.org/wiki/Flat_tax http://en.wikipedia.org/wiki/Flat_tax You can count me into the people who suppor
by brc 17y ago
You've just described a flat tax rate.
http://en.wikipedia.org/wiki/Flat_tax http://en.wikipedia.org/wiki/Flat_tax
You can count me into the people who support flat tax rates, if for no other reason to stop the pointless millions of hours of productive time wasted trying to rort the system. While people will always cheat, if all income is taxed at a flat rate, at the source, then the incentive to spend money on tax accountants falls.
- petercooper 17y agoThe Negative Income Tax seems like an interesting flat-tax proposal that could even satisfy those in favor of progressive taxation for political reasons: http://en.wikipedia.org/wiki/Negative_income_tax http://en.wikipedia.org/wiki/Negative_income_tax
- jonshea 17y agoSee also the Bradley X Tax, which is a value-added tax melded with an income tax. The income tax can be as progressive as you like, and the VAT is equivalent to a flat sales tax. http://en.wikipedia.org/wiki/X_tax http://en.wikipedia.org/wiki/X_tax http://www.princeton.edu/~ceps/workingpapers/93bradford.pdf http://www.princeton.edu/~ceps/workingpapers/93bradford.pdf