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Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous]Flat tax of 15 across for everyone no deductions or credits [/quote] Besides that being a horrible policy, that's not even close to what it would be. Assuming you tax capital gains, you'd still need a flat tax of about 25%. And, of course, many people proposing flat taxes want to exclude capital gains meaning this would be higher and more regressive. Some want to maintain Social Security and Medicare taxes as currently structured, which would make it even more regressive.[/quote]
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