Who Needs a Flat Tax?
With America’s Republican presidential candidates lining up to declare their fealty to a flat tax – a single income-tax rate for all – opponents have focused on why it is a bad idea to raise taxes on the poor in order to reduce them for the wealthy. But, if a flat tax is such a bad idea, why have so many countries worldwide embraced it?
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WASHINGTON, DC – With America’s Republican presidential candidates lining up to declare their fealty to a flat tax – a system of personal-income taxation that assesses a single rate for all – opponents have focused on why it is a bad idea to raise taxes on the poor in order to reduce them for the wealthy. But, if a flat tax is such a bad idea, why have so many countries embraced it?