by Mark Thoma, University of Oregon (Department of Economics)

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A Taxing Proposal

Posted on April 17, 2008

Dean Baker on the latest sighting of a flat tax proposal: The Meltdown Lowdown, by Dean Baker: ...Senator Lamar Alexander tried to upstage Senator McCain with his own April Fools' tax prank. He wants to give every taxpayer the option to either pay the tax owed under the current system or to pay a 17 percent flat tax. For most taxpayers this would not be a very good deal. The poorest people who pay Federal income taxes fall into the 10 percent bracket, meaning that their income (above the taxable threshold) is only taxed at a 10 percent rate. Slightly higher income taxpayers will fall ...

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economy , flat tax , tax