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As we have seen previously when a Republican has won a presidential election, the progressive individual income tax — in which the more you earn, the higher of a percentage of your earnings are subject to taxation — has once again become a target for dilution or elimination. We have long heard about schemes like... Read More
SENATOR BILL BRADLEY's plan for a flat tax has run into opposition from an unexpected quarter: Robert Hall and Alvin Rabushka, whose December essay in the Wall Street Journal sparked the current debate. Hall and Rabushka, economists at Stanford, want to tax all earned income and business profits at a flat 19%. For individuals, the... Read More