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My impression is that most advocates want the flat part which reduces taxes on high incomes and then are pretty hand wavy about deductions.
by maxxxxx 8y ago
My impression is that most advocates want the flat part which reduces taxes on high incomes and then are pretty hand wavy about deductions.
- laingc 8y agoThis might be the case in the US, but be aware that most advocates of flat taxes globally - including almost all economists who do so - advocate precisely for removing deductions. In New Zealand, for example, all prominent advocates of flat taxes are also proponents of not following Australia or the UK's example of having GST/VAT exemptions for some categories of goods.