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DracoMalfoy87 (November 30, 1999 at 12:00 am)
America needs to either abolish the income tax and move to a flat sales tax, or adopt a flat income tax of 15% and STOP SPENDING on WAR and SOCIALISM
DracoMalfoy87 (November 30, 1999 at 12:00 am)
Maybe that's because they want everything to be equal, as usual, so, equal taxes. If you look at the countries the average income is still extremely low compared to America, etc, and the Russian government, I believe, still controls many aspects of the economy. If you could combine deregulation and flat taxes you would have an extremely rich country
tamilmannan (November 30, 1999 at 12:00 am)
fuck taxes
vcedre1 (November 30, 1999 at 12:00 am)
You know, whether flat tax is in Americas interest of not, i just don't see it getting passed - and it is because of municipal bonds. If there were a flat tax, municipal bonds would loose the tax exempt advantage that make them able to sell at a lower interest rate relative to comparable bonds. (1) First everyone holding municipal bonds would loose money instantaneously as the price fell, and (2) municipal cost of capital could arguably be to high, in the long run resulting in defaults.
willn89ten (November 30, 1999 at 12:00 am)
flat tax leading to more revenue... listing iceland as a success story
thefredsays (November 30, 1999 at 12:00 am)
Flat tax= workers pay the tax. People with money to invest already cleared from taxes don't get any more taxes on their investments. Good for the rich not for me. Cato institute should be changed to the Advocates for Restoring the Guilded Age and Sticking it to the Poor. AFRG&SP.
hakimania (November 30, 1999 at 12:00 am)
Great job! showing us some of the most miserable places as a model to imitate! Then go and live in Georgia, Iraq or Mongolia you moron... Besides, Iceland has has been bankrupted, Kyrgyzstan just lives through a revolution and who knows when the psychopatic President of Georgia will wage the next war, let's spare talking about Iraq. Does't seem to contribute so much to stability your stupid flat tax. :-D
Entropy56 (November 30, 1999 at 12:00 am)
Why are there so many viewers from Norway here?
dukee155 (November 30, 1999 at 12:00 am)
Only problem with the flat tax it will send cpa's out of business because the tax forms will be so simple. On the other hand state, and local taxes might be complex and they will still be needed for that. Also some cpa's are multi marketable so that means that they can still get commission from IRA's, and stocks, bonds etc... Still the commissions may be higher because they lose income.
indigo11274 (November 30, 1999 at 12:00 am)
This man is working for the CATO institute, formed by the multi-billionaire KOCH family. He doesn't want to help people, he wants to F the middle class and poor. The KOCH family has paid hundreds of millions in enviornmental fines, because it's cheaper than to do the right thing. They want the rich to rule and stay rich forever. Know who you are listening to. THE EVIL KOCH FAMILY! |
