Quote:
Originally Posted by moe.ron
What are your thoughts? Make the tax code simpler by enacting a flat tax rate?
Is it even a good idea? Make the economy more efficient?
Inquiring minds would like to know.
|
You need to clarify - do you mean a true (income-percentage) "flat tax" or a (consumption-based) "fair tax"?
A true flat tax is basically regressive, given the marginal utility of money.
A consumption-based tax makes some sense, but I'm leery of overly promoting saving versus spending as we're trying to re-establish a production base.
At the end of the day, it might be best to simply better codify the current progressive taxation, at least to the extent that it can be justified under inflation and marginal value to the individual.
Threaded Mode
