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Flat tax benefits the top incomes more than the bottom ones. But we now know for certain that trickle down just doesn't work and that increasing income for the

by orkoden 11y ago

Flat tax benefits the top incomes more than the bottom ones. But we now know for certain that trickle down just doesn't work and that increasing income for the poorest benefits the economy the most. http://www.theguardian.com/business/2015/jun/15/focus-on-low-income-families-to-boost-economic-growth-says-imf-study http://www.theguardian.com/business/2015/jun/15/focus-on-low... Getting rid of exemptions and special rules is a good idea to reduce bureaucracy. You can replace tax exemptions with direct subsidies to make the amount spent on it more transparent. A progressive income tax makes a lot of sense and has lots of configuration levers.

refurb 11y ago
Flat tax benefits the top incomes more than the bottom ones. Not under Paul's proposal...."I devised a 21st-century tax code that would establish a 14.5% flat-rate tax applied equally to all personal income, including wages, salaries, dividends, capital gains, rents and interest." Take a look at what tax rate the high-earns are paying. It can often be a small percentage than lower income earners. If the rate was flat at 14.5% for all income (also removing a lot of the current exemptions), I think you'd see high income earner's overall tax rate increase.