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Gothmog

(166,541 posts)
19. It is by definition regressive
Mon Dec 9, 2013, 07:38 PM
Dec 2013

There is a flat tax proposal that tries to lessen the regressive nature of the flat tax but that proposal is bogus. The Bush administration looked at the flat tax and concluded that it was a bad idea. I am late to a meeting but will find this analysis later.

BTW, the Paul concept of a 5% tax would not replace the revenues currently being raised. There was some analysis that showed that a 30% flat tax would not replace the revenue currently raised by the tax code

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