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Flat tax systems can differ greatly in how they accommodate such gray areas. For example, the "9-9-9" flat tax proposal would allow businesses to deduct purchases but not labor costs, which effectively taxes labor-intensive industrial revenue at a higher rate. [7]
The proposal would introduce a 9% personal income tax, 9% federal sales tax, and 9% corporate tax to replace the country's current tax system. During a debate on October 12, Cain said that his plan would "expand the base", arguing, "When you expand the base, we can arrive at the lowest possible rate, which is 9–9–9." [4]
The Hall–Rabushka flat tax is a flat tax proposal on consumption designed by American economists Robert Hall and Alvin Rabushka at the Hoover Institution. [1] The Hall–Rabushka flat tax involves taxing income but excluding investment. The Hall–Rabushka flat tax may include an exemption, which allows the tax to preserve progressivity.
Sen. John Doll, a Garden City Republican who joined Kelly but voted to pass the most recent flat tax plan called the dual rate proposal a massive proposal. But Doll said he would need to see ...
Kansas lawmakers have crafted a new bipartisan tax plan that could provide relief on income, property and sales taxes. After House Republican leadership moved on from the divisive flat tax ...
A flat tax disproportionately affects lower-income Americans. For lower-income Americans, taxes represent a much larger portion of their disposable income than higher earners. Without deductions ...
The flat tax has been a top priority for GOP leaders for a year. Kansas House GOP walks away from flat tax plan after failing to override Kelly’s veto Skip to main content
Basic income + flat tax: Equal tax rate. M. Friedman, Tony Atkinson: Public Economics in Action: The Basic Income/Flat Tax Proposal: Basic income + VAT: Basic income financed by tax on consumption. Vivant: Germany: Basic income + demurrage: A self stabilizing money supply that is resistant to inflation and deflation. Omar Syed, Aamir Syed