Difference between revisions of "Flat tax"
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("progressive" simply means, it gets higher as your income goes up) |
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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> | 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> | ||
| − | + | The current U.S. [[Income tax]] is progressive; 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 22:23, July 16, 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]
The current U.S. Income tax is progressive; 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