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Flat Tax

From dKosopedia

There are serious problems with instituting a national sales tax or "flat tax" which amounts to a consumption tax to replace the current income tax. As one Brookings Institution researcher explains, a national sales tax would have to have a 26% tax rate, and a flat tax with certain transaction provisions would have to have a 31% tax rate. Moreover, both would be regressive and would have few growth effects.

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This page was last modified 18:37, 13 February 2009 by dKosopedia user Mdeatherage. Based on work by Chad Lupkes and Andrew Oh-Willeke. Content is available under the terms of the GNU Free Documentation License.

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