Re: Flat Tax?
You are avoiding the issue of how income is defined and computed. Do you think it really makes a difference that income is taxed at 32% or 28% or 17%? The real difference is how you define "earnings" and "income" to be taxed.
The only thing I see in this proposal in regards to that is to allow corporations instant 100% depreciation. That should reduce those corporate earnings to $0 rather quickly to apply that "fair" 17% rate to.
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