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| | Flat tax - Wikipedia, the free encyclopedia |
 | | Flat taxes are uncommon in advanced economies, whose nationwide taxes typically include a graduated tax on household incomes and corporate profits, such that the marginal tax rate rises as the income or profit of the taxed entity rises. | | | Under a pure flat tax without deductions, companies could simply, every period, make a single payment to the government covering the flat tax liabilities of their employees and the taxes owed on their business income [6]. | | | Under the flat tax, there would be no reason to tax Social Security benefits, if FICA tax liabilities are not a deductible expense for employers. |
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http://en.wikipedia.org/wiki/Flat_tax
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| | FreedomWorks: Lower Taxes, Less Government, More Freedom. |
| | Under a flat tax, filing taxes would take mere minutes, and decreasing compliance costs would improve the economy-- all of those billions of hours we spend filing taxes could be put to productive use. | | | You have the whole tax system run by a little old lady on a home computer, doing the work of all these thousands of bureaucrats and accountants. | | | Switching to a flat tax would make it simple to pay taxes, saving everyone time and money. |
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http://www.cse.org/flattax/index.php
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| | OpinionJournal - Extra |
| | The tax you pay on income is the price you pay for working; the tax on profits is the price you pay for being successful, and the levy on capital gains is the price you pay for taking risks that work out. | | | My flat tax plan has one simple rate, on the federal level: 17% on personal income and 17% on corporate profits. | | | Corporate profits would be taxed at a rate of 17%. |
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http://www.opinionjournal.com/extra?id=110007139
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| | Flat Tax |
| | Today a dollar of corporate earnings is taxed at the business level, and taxed again when it’s paid out as a dividend. | | | By eliminating the present tax code’s incessant social engineering and economic tinkering, the tax is more honest, shifting power from politicians to their citizens when it comes to making financial judgments. | | | Our plan taxes investment income at exactly the same rate it taxes wages; but what it doesn’t do is tax it twice. |
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http://nj.npri.org/on96/07/flattax.htm
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| | Russia's Flat-Tax Miracle by Daniel J. Mitchell -- Capitalism Magazine |
| | The old system with high tax rates has been replaced by a new system where companies can choose either a 6 percent tax on gross revenue or a 15 percent tax on profits. | | | Interestingly, the flat tax is just one of several positive reforms enacted by President Putin. | | | I've tried to help reform the tax system in the United States, a nation the rest of the world considers the home of unfettered capitalism and free-market principles. |
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http://www.capmag.com/article.asp?ID=2612
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| | Online NewsHour: Summary of Steve Forbes' Flat Tax Plan |
| | Replace it with a flat tax that is a tax cut -- a pro-growth, pro-family tax cut that lowers tax rates to 17 per cent across the board and expands exemptions for individuals and children so that a family of four would pay no taxes on the first $36,000 of income. | | | Replace it with a pro-growth, pro-family tax cut that lowers tax rates to 17% across the board and expands exemptions for individuals and children so that a family of four would pay no taxes on the first $36,000 of income. | | | We need dramatic, pro-growth tax cuts -- tax cuts that are deep, wide and permanent, that reach down to all American families and businesses -- especially small businesses -- and get the suffocating weight of the IRS off our backs. |
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http://www.pbs.org/newshour/bb/congress/forbes_flat_tax.html
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| | The Straight Dope: Do the rich pay very little tax? Wouldn't a flat tax be fairer? |
| | Some analysts say total taxes as a percentage of income are about the same for all income levels. | | | The practical reason is that a progressive income tax overcomes the regressivity of the sales tax, which falls most heavily on the poor, and the property tax, which falls most heavily on the middle class. | | | Following the 1986 tax reform, the average income tax paid by somebody in the $50,000-$75,000 bracket indeed went down, and I mean way down--$1,100. |
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http://www.straightdope.com/classics/a5_139.html
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| | Flat Tax Testimony |
| | In fact, any added tax revenues that might be collected from businesses under the flat tax appear to reflect a combination of short-term transition revenues that will decline sharply over time and new taxes on workers, rather than any actual increase in taxes paid by businesses and their owners. | | | When taxes on fringe benefits and the business tax are added in, this family would owe $4,600 or more a year in additional taxes. | | | The business "postcard" tax form is a fraud, since it includes virtually none of the detailed information required for taxpayers to compute their taxes or for the IRS to audit them. |
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http://www.ctj.org/html/tjmjec.htm
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| | The Flat Tax |
| | Under a national sales tax, local communities now using the sales tax would have to look for a new tax (an income tax?), otherwise, the total sales tax would double. | | | This is probably because proposals for a flat tax come with the promise of the elimination of most exemptions/deductions. | | | If this provision is added to the flat tax package, then poor people will live outside the income tax system. |
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http://www.geocities.com/CapitolHill/Lobby/7146/flattax.html
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| | Ezra Klein: Flat Tax? |
| | Eliminate all payroll taxes (which are extremely "regressive"). | | | Taxes like the payroll tax, sales tax, and a few others hit the poor harder than other groups. | | | I maintain that as a whole our tax rate is pretty flat now (the rich have a higher rate, but more access to tax shelters and loopholes), so a reduction in complexity (removal of loopholes and deductions) with our current system would be a tax hike. |
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http://ezraklein.typepad.com/blog/2005/10/flat_tax.html
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| | washingtonpost.com: U.S. Administrator Imposes Flat Tax System on Iraq |
| | Proponents of the flat tax have long favored this kind of tax system for Iraq. | | | Gailani presented the new Iraq finance program, including the flat tax, at a recent international meeting. | | | And, unless a future Iraqi government rescinds it, the flat tax will remain long after the Americans have left. |
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http://www.washingtonpost.com/ac2/wp-dyn/A50031-2003Nov1?language=printer
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| | Flat Tax Fiasco |
| | For the layer from $25,000 to $55,000 he pays the 28% tax of $8,400; and for the final $145,000 layer he pays the 33% tax of $47,850 for a total tax of $60,000. | | | While this interest is largely fueled by a spate of proposals calling themselves a "flat tax" it is important to consider the idea of the flat tax itself apart from the specific proposals, especially since NONE of the "flat tax" proposals currently being considered actually addresses the true theoretical concept of a real flat tax. | | | The real complexity in filling out forms and schedules at tax time is not in calculating the final tax, but in determining what "income" is, with all the exemptions, deductions and other loopholes. |
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http://www.wordwiz72.com/flattax.html
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| | Flat-tax movement stirs Europe csmonitor.com |
| | Flat taxes used to be the norm in Western countries. | | | A corporate tax and VAT of 19 percent is also levied. | | | With such heavy budget obligations, countries such as France and Germany reject flat taxes because they wouldn't be able to afford a cut in their tax revenues, says Wolfgang Wiegard, chairman of the German Council of Economic Experts. |
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http://www.csmonitor.com/2005/0308/p01s03-woeu.html
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| | The Flat Tax --- Canadian Social Research Links |
| | This study assesses these two personal income tax plans in detail and uses them as a springboard for a broader analysis of the requisites to improve taxation policy in Canada. | | | Of the many [personal income tax cut] proposals put forward by political parties of all stripes, the flat and dual tax plans proposed by the Canadian Alliance stand out as the most striking proposals to change the federal tax system. | | | The Canadian tax system will be simplified and made fairer through publicly driven tax reform. |
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http://www.canadiansocialresearch.net/flattax.htm
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| | Amazon.com: Flat Tax Revolution: Using a Postcard to Abolish the IRS: Books: Steve Forbes |
| | He starts by proposing exemptions, deductions, and tax credits, undercutting his claims that this is a "simple" flat tax and his argument that the whole point of a flat tax is to eliminate personal deductions, exemptions and the like. | | | In addition to Forbes' flat tax, this family will pay about 15% (including the "employer's share) on all of their income up to $90,000 (as of 2005), at which point basic social security taxes stop and the rate on income drops to about 3%. | | | Everyone keeps 100% of their paycheck without any deductions and it strips all of the embedded taxes out of the supply chain to provide the consumer with a set of tax free goods and services to be taxed only one time by the final consumer. |
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http://www.amazon.com/exec/obidos/tg/detail/-/0895260409?v=glance
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| | MoJo Blog: Preparing for the Flat Tax Assault |
| | Another "side benefit" for conservative flat tax proponents is that a flat tax would punish the Blues States by eliminating the deduction for State income tax payments. | | | You will only be taxed on new goods (an end to double and triple taxation) and only when you spend money. | | | Popular resistance to a flat tax, at least in the United States, will come from people who don't want to give up the concrete deductions and exemptions they currently have in exchange for theoretical future gains down the road (from supposedly higher economic growth). |
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http://www.motherjones.com/mojoblog/archives/2005/10/preparing_for_t.html
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| | The Flat Tax Gathers Momentum in Western Europe |
| | Suddenly, the flat tax is germinating in Western Europe, home to governments that generally profess the "social market economy" of high taxes and redistribution of income. | | | The flat tax is currently the centerpiece of tax policy debate in Germany, the United Kingdom, Greece, and Italy. | | | Kirchhof, who could become finance minister in the new German government, is known for his advocacy of a comprehensive 25% flat tax, which would replace the current system of three rates of personal income tax with a top marginal rate of 40%, and 25% on corporations. |
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http://www.russianeconomy.org/comments/083005.html
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| | US moves - quietly - toward a flat tax csmonitor.com |
| | Today, with state taxes becoming more regressive - and the two Bush tax cuts providing large tax savings for the rich - the tax system is moving in the direction of a flat tax, but doing so out of the spotlight. | | | Suppose the tax cuts for the top 1 percent were eliminated and the additional revenues rebated equally to the other 99 percent of taxpayers. | | | Roach has another calculation: If the tax cuts for the top 1 percent were eliminated and those additional revenues were distributed to the bottom 20 percent of households - those with an average income of $9,400, these low- income families would receive a check of $3,032 in 2010. |
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http://www.csmonitor.com/2003/1201/p13s01-wmgn.html
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| | Bruce Bartlett on the flat tax and politics on NRO |
| | Estonia established a flat tax in 1994, Latvia in 1995, and Russia in 2001. | | | The immediate cause for renewed interest in the flat tax is an order by Paul Bremer, administrator of the Iraqi Provisional Authority, establishing a 15 percent flat-rate tax in that country. | | | While the flat tax has historically been a conservative issue, the fact that it has been adopted in several countries ruled by left-leaning parties shows that it cuts across ideological lines. |
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http://www.nationalreview.com/nrof_bartlett/bartlett200311100918.asp
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| | Citizens for Tax Justice Publications List |
| | Just Taxes, and Other Options This 1984 paper includes a thumbnail history of U.S. income tax policy from the Civil War to 1984, a critique of the "flat tax" and the "progressive consumption tax," and an outline of the real tax reform agenda in the early eighties. | | | ITEP Study: Corporate Income Taxes in the 1990s. | | | Flat Tax Proposals: An Introduction to Recent Legislation. |
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http://www.ctj.org/html/publist.htm
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| | The Flat Tax, by Robert Hall and Alvin Rabushka |
| | The Flat Tax, by Robert Hall and Alvin Rabushka | | | BOOKS ONLINE RECENT RELEASES BROWSE BY TITLE BROWSE BY AUTHOR ORDER |
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http://www-hoover.stanford.edu/publications/books/flattax.html
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