Megan McArdle reposts the Jane Galt Tax Plan every April 15. And every April 15, I think it is a marvel of simplicity and logic. It hasn't any hope of ever becoming law, of course.
Ed Efelbein calculated what a flat tax to fund the government (including social security, etc.) at 2005 levels would need to be: 31.85% of any amount above $35,725. Fat chance that.
2 comments:
You're right. The messiah will return before we get sensible tax simplification.
Ed Efelbein calculated what a flat tax to fund the government (including social security, etc.) at 2005 levels would need to be: 31.85% of any amount above $35,725. Fat chance that.
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