you're quite right, doug. i got them bass ackwards.
what concerns me is that most talk of a flat tax refers to individual tax payers rather than companies and corporations, who should also be included in a flat tax based on income and assets.
R
At 06:42 AM 8/5/2004, you wrote:
>R wrote:
>
>>a flat tax is the most regressive tax there is.
>
>No it's not - a flat tax is flat (and if there's a large exemption, it can
>be moderately progressive up to a point). A sales tax is regressive
>because the poorer people are, the larger the share of their income they
>consume. People at the bottom of the distribution could end up paying many
>times the percentage of their income in sales taxes as those at the top.
>
>Doug
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