Difference between revisions of "Flat tax"
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(Flat Tax - Steve Forbes, - one tax bracket) |
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'''Flat Tax''' is a single low [[tax]] rate, which is coupled with the elimination of all or most exemptions, on all taxpayers. | '''Flat Tax''' is a single low [[tax]] rate, which is coupled with the elimination of all or most exemptions, on all taxpayers. | ||
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| + | The Flat Tax, as far as modern politics are concerned, was first popularized by [[Steve Forbes]] in his 1996 Presidential Primary campaign.<ref># Steve Forbes, 2005. Flat Tax Revolution. Washington: Regnery Publishing. ISBN 0-89526-040-9</ref> | ||
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| + | Democrats often cite that the current [[Income tax]] as ''Progressive'' as it increases the rate paid by the taxpayer as income increases. Flat Tax supporters call that unfair and state that the Flat Tax treats all tax payers equal as it has one single bracket. | ||
==See also == | ==See also == | ||
Revision as of 20:49, January 26, 2008
Flat Tax is a single low tax rate, which is coupled with the elimination of all or most exemptions, on all taxpayers.
The Flat Tax, as far as modern politics are concerned, was first popularized by Steve Forbes in his 1996 Presidential Primary campaign.[1]
Democrats often cite that the current Income tax as Progressive as it increases the rate paid by the taxpayer as income increases. Flat Tax supporters call that unfair and state that the Flat Tax treats all tax payers equal as it has one single bracket.
See also
- ↑ # Steve Forbes, 2005. Flat Tax Revolution. Washington: Regnery Publishing. ISBN 0-89526-040-9