10/6/2023 0 Comments Steve forbes flat tax![]() Taxed all Americans at a flat rate of 17%Įliminated all tax deductions for state and local taxes But not the details Do you favor or oppose a flat-tax system if the new system: The proposal has economic appeal as well: a simpler tax code could boost middle Americans' stagnant incomes, in part by freeing much of the $80 billion-plus that individuals and businesses now spend each year on tax compliance and avoidance.Īmericans like the principle of a flat tax.ĭo you favor or oppose changing the federal income tax system to a flat-tax system? The political appeal of Forbes' flat tax-a single, 17% rate on all income above a generous personal exemption, and no deductions-lies in its apparent simplicity and its promise to close loopholes for the wealthy and well connected. If the Flat Tax were a person, it would be a little like Steve Forbes: straightforward and artless on the outside, more complex on closer examination. Tax Reform Is A Good Idea, But Forbes' Plan Will Make ![]() ![]() AllPolitics - In Focus: Is Flat Tax Unfair? 1/29/96 ![]()
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