Best line of the night
Han wrote:
"Pete C." wrote in
.com:
snip
From what you said and I snipped, a flat tax is almost the same as what we
have now, except there are no loopholes or deductions And, if you have a
"poverty" cutoff, then in essence you have a graduated, progressive tax
structure - income more than $XX.XX requires a higher tax (unequal to
zero). Having a few more graduations wouldn't be bad, then, IMO.
As intimated, I agree about getting rid of loopholes.
It's not "progressive" (a.k.a. socialist), if it is the same rate for
everyone and only has a poverty cutoff.
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