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Old 02-08-2005, 09:17 PM
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Default They're calling it the fair tax now.

Quote:
Originally Posted by Nathan";p=&quot View Post
Umm...

Isn't a flat tax just a system where everyone pays a certain percent of their income regardless of income level?

Catz says that the poorest 40% still pay no taxes. Wouldn't this make it a progressive tax, not a flat tax?
No income tax is paid. Instead everyone would pay a consumption tax I believe with a 23% rate.[/i]
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