US Flat Tax
I've always wondered about this. Seem most people in the US pay about 40% tax when its all added up. So our graduated income tax structure results in an actual flat tax after all. I wonder if this makes Steve Forbes happy.
US tax disparity may be flatter than it seems
US tax disparity may be flatter than it seems
posted by Dr. Steven Morphy-Godchaux III at
7:55 AM
1 Comments:
This brings up that old chestnut known as the Federal Sales Tax which aims to eliminate all "regressive" federal income taxes and replace it with a "progressive" sales tax. It claims to be revenue neutral and doesn't penalize making a lot of money, only buying a lot of things. It also cuts down on tax dodging because the taxes are collected right at the cash register. I know the idea has flaws, but it makes interesting reading.
By
Thurston J Morphy III, at Mon Jan 29, 12:45:00 PM CST
Post a Comment
<< Home