Difference between revisions of "Flat tax"
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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
References
- ↑ # Steve Forbes, 2005. Flat Tax Revolution. Washington: Regnery Publishing. ISBN 0-89526-040-9