[lbo-talk] The flat tax and income inequality

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Fri Nov 16 12:16:17 PST 2007


Doug writes:


>> As I understand it, we already have a regressive tax
>> system (you and I paying 35% while capital gains are
>> only taxed at 15%.) A flat tax could be an improvement
>> on that.
>
> That's what flat-tax advocates want you to believe, but it's not
> true. The federal tax system is still progressive, despite all the
> reforms over the years.
>
> <http://cbo.gov/ftpdocs/77xx/doc7718/EffectiveTaxRates.pdf>

And even Paul Krugman is against progressivizing (55 hits in google!) FICA taxes.

http://www.indyweek.com/gyrobase/Content?oid=oid%3A164086

/jordan



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