Quote:
Originally Posted by finnbow
A flat tax is, by definition, not progressive. That's why they call it flat.  |
Didn't I just say that? Is there an echo in here?
As I stated in an earlier post, there are proponents of a modified flat tax, where rates increase with income. I wouldn't be opposed to that idea, depending on how it would be implemented.
The virtue of a flat tax, to me anyway, isn't about the flat tax rate, or rates. It's about dispensing with the myriad deductions, credits, incentives, etc. it creates a very transparent system, and is much more predictable.