Level percentage against all pay scales. Now I would also agree that below a certain income level shouldn't pay anything at all, so it wouldn't cover everyone.kbluck said:By "flat tax" do you mean retaining a graduated tax rate with elimination of deductions and credits, or literally all income levels pay an identical percentage?
I'm not sure if I fully agree with that premise, but I wouldn't object to a flat tax if that was the end result. I think a flat tax, with no deductions/exemptions, would reduce everyones taxes. The flat tax should probably also apply to businesses, but I'd haven't really thought about that side of it yet.kbluck said:Do you agree that converting to a truly flat taxation scheme while maintaining revenue neutrality will as a practical matter shift additional tax burden down onto the middle class, more or less defined as the middle three quintiles? Do you think that's a good thing?