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View Diary: Deflating Conservative Arguments: The Flat Tax (12 comments)

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    "Freedom of the press belongs to the man who owns one." -- A.J. Liebling

    by Ross Lampert on Sun May 15, 2011 at 01:31:00 PM PDT

    •  Update diary to include individual credit (0+ / 0-)

      or income deductions in flat tax proposals.

      Under all of the various flat tax proposals, everyone gets the same tax credit or income deduction which makes a major reduction, or elimination in what lower income households pay in tax or even receive as a credit.

      You do your readers a disservice not including these deductions and credits, as readers relying on this diary will come across as especially misinformed if they repeat what is in this diary.

      Flat taxes can also be progressive, and even more progressive that our current taxes, as this depends upon the rates used, does it also include Medicare and Social Security taxes, what is the size of individual deductions and credits and how individual taxation integrates with corporate taxation and capital gains.

      The most important way to protect the environment is not to have more than one child.

      by nextstep on Sun May 15, 2011 at 02:33:25 PM PDT

      [ Parent ]

      •  I didn't find anything resembling (1+ / 0-)
        Recommended by:
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        a unified voice on this issue.  I just found a few things like Freedom Works saying that we need a flat tax and going no further with it.  There really isn't much specific detail on the idea that any group is pushing (at least that I found).  I would've liked to have included the "Fair Tax" proposal in this diary, but I had to wrap it up so I could get to some commitments I had.

        "Freedom of the press belongs to the man who owns one." -- A.J. Liebling

        by Ross Lampert on Sun May 15, 2011 at 07:40:41 PM PDT

        [ Parent ]

        •  Most notable Flat Tax is from (0+ / 0-)

          Stanford Professors Robert E. Hall and Alvin Rabushka.  There book is available as PDF at:

          http://www.hoover.org/...

          Several former Soviet states have used them as consultants in forming their tax policy.

          Fair tax is different from the Flat Income Tax proposals.

          The most important way to protect the environment is not to have more than one child.

          by nextstep on Sun May 15, 2011 at 10:42:24 PM PDT

          [ Parent ]

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