Quote:
Originally posted by James
The people that propose a flat tax suggest that it start at around 32,000 dollars a year income.
So up to 32,000 a year you would get no tax. After 32,000 you get taxed on the extra amount.
So at $60,000 you get taxed on $28,000.
That seems to benefit the poor to me.
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That's not a flat tax. Its a single tax bracket with an exemption. It would be a major improvement over what we now have.